Turks & Caicos Islands Permanent Residency Certificates

 

TURKS & CAICOS ISLANDS PERMANENT RESIDENCY CERTIFICATE

 

The Turks & Caicos Islands are an British Oversea Territory located in the Caribbean and is know for being one of the jurisdictions with the least amount of tax in the world. Its one of the richest territory in the Caribbean. Turks & Caicos Islands Residence by Investment (RBI) proposes a Permanent Residence Certificate (PRC) to investors, whom can choose the investment option and the island they wish to invest in. The investment need to be held for the length of the residence unless specified otherwise. Applicants after 5 years of residence can apply for naturalization to become a British Oversea Territory Citizen (BOTC). The BOTC passport from the Turks & Caicos is one of the best in the world with visa-free travel to the EU, Canada and the USA.

 

Location

Caribbean

Population

35,000

Capital

Cockburn Town

Currency

US Dollar

Language

English

Investment Amounts

 
Investment amount $750,000 in a business in the island of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos OR $1,500,000 in a business or enterprise in the islands other than the island of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos
Government fees $1,500 Admin Fees and $25,000 PRC
Investment amount $1,000,000 in a designated approved public sector project in the Islands.
Government fees $1,500 Admin Fees and $25,000 PRC
Investment amount $300,000 in the actual construction, purchase or renovation of a distressed property as a home in the island of Grand Turk, salt Cay, South Caicos, Middle Caicos or North Caicos , OR
Investment amount $1,000,000 in the actual construction, purchase or renovation of a distressed property as a home in the islands other than Grand Turk, salt Cay, South Caicos, Middle Caicos or North Caicos
Government fees $1,500 Admin Fees and $25,000 PRC
 
 

Application Process

  • Stage 1 Month 1

    Download the Application Form for undertaking and/or PRC (where relevant). Once filled send the application to the Invest Turks & Caicos Agency with the payment of $1,500 Admin Fees and $25,000 PRC when applicable

  • Stage 2 Month 2

    If approved send the form to the Ministry of Border Control and Employment with the supporting document and the proof of payments of fees.

  • Stage 3 Month 3

    You will be notified to collect your Certificate of Undertaking from the Invest Turk and Caicos Agency. Soon after, the Permanent residence certificate will be issued and you can collect it from the Invest Turk and Caicos Agency.

 

Benefits

  • Applicants obtain Permanent Residence
  • Spouses and Children under 19 can apply as dependents
  • No tax on personal and corporate income, no VAT, Capital gain tax, Inheritance tax
  • Eligible for naturalisation into BOTC after 5 yearsThere are no physical presence requirements

 

 

Requirements

  • Medical Certificate of Health issued within the last 6 months
  • Police Certificate issued within the last 6 months – Evidence of Good Character
  • Two Character References
  • There are certain requirements of job creations for the business investments

Contact us to find the right program