Why The Turks and Caicos Islands?
- Preferred location for high net-worth individuals
- British Overseas Territory.
- No Income, inheritance, capital gains, corporation or personal taxes.
- US$ currency and no exchange controls.
- OECD – ranked alongside competitors; largly compliant CFATF rating on recent peer review.
- EU “whitelisted” for economic substance; CRS and FATCA compliant.
- Strong international banking community and international accounting firms.
- Strong multi-decade reputation for domiciling and regulating producer owned reinsurance captives (nearly 7,000 currently licensed).
- Respected, transparent, reliable, professional and proportionate financial regulator. (www.tcifsc.tc)
- Government support (including immigration fast track) for qualified applicants.
Turks & Caicos Islands at a Glance
Government
Official Name
Head of Government
Total Area
Inhabited Islands
Number of islands/Cays
Capital
Official Language
Standard Time Zone
Temperature
GDP
Total Exports (mil. $)
Population
Labour Force
Currency
Location
Arrivals
Government
British Overseas Territory; internal government with ministerial, democratic system
Official Name
Turks and Caicos Islands
Head of Government
Hon. Premier, Charles Washington Misick
Total Area
941 sq. km.
Inhabited Islands
9
Number of islands/Cays
40
Capital
Grand Turk
Official Language
English
Standard Time Zone
Eastern Standard and Daylight (EST/EDT)
Temperature
90 and 90 Degrees (29-32 degrees Celsius) from June to October, 80 to 84 degrees (27 – 29 degrees Celsius) from November to May
GDP
GDP (bil. $) 1.75 (2024)
GDP Real Growth Rate 5.6% (2024)
Total Exports (mil. $)
2.7 (2024)
Population
Population 50,828 (2024)
Annual Population Growth Rate 0.73% (2024)
Labour Force
Labour Force 72.7% (15-64 years)
Unemployment 5.5% (2024)
Currency
US$ Dollar
Location
Located 575 miles southeast of Miami, Florida, south of the
Bahamas and east of Cuba and the Dominican Republic and Haiti
Arrivals
Stayover Arrivals 662,707 (2023)
Cruise Arrivals 939,028 (2023)