Invest TCI Launches Heritage Turks and Caicos Islander Investment Incentive Policy at Breakfast and Business Event

Special remarks were delivered by Premier Hon. Charles Washington Misick, who emphasized the importance of inclusivity and innovation in advancing national development. He noted that the HTCIP provides meaningful investment incentives and highlighted its role in promoting balanced spatial development by encouraging a wider distribution of investment activity across the Turks and Caicos Islands.

The CEO of Invest TCI, Mrs. Angela Musgrove, followed with an in-depth presentation outlining the country’s investment landscape. She explained that the Turks and Caicos Islands have experienced significant growth driven by foreign direct investment, which accounts for more than 80 percent of private-sector inflows; however, local ownership remains relatively limited. The HTCIP is designed to help address this imbalance by expanding opportunities for Heritage Turks and Caicos Islanders.

Mrs. Musgrove noted that the policy introduces benefits such as 100 percent import duty concessions on development materials and a 50 percent reduction in duties on property acquisitions. She also highlighted a streamlined 12-week approval process. She explained that the initiative complements both the MSME Programme and the National Investment Policy, creating a continuum of support that spans from small enterprises to major developments. According to Mrs. Musgrove, the policy reflects a sustained commitment to genuine inclusion and equitable participation in the country’s economic future.

A key highlight of the event was the interactive Q&A segment, which generated thoughtful discussion among attendees. Participants raised questions about the long-term vision of the HTCIP, opportunities for financing, access to supporting government policies, and the scope and limitations of the initiative. Premier Hon. Charles Washington Misick, Her Excellency Anya Williams, Deputy Premier Hon. Jamell Robinson, and CEO Mrs. Angela Musgrove responded directly, offering clarity and reinforcing the government’s commitment to transparent and inclusive economic development. The exchange energized the room and provided attendees with a clearer understanding of how the policy will influence future investment opportunities across the Turks and Caicos Islands.

The event concluded with a vote of thanks delivered by Ms. Sheryl McLaughlin, followed by a vibrant networking session where attendees engaged with the Premier, members of Cabinet, and Invest TCI staff over breakfast. The Breakfast and Business series continues to serve as an important platform for dialogue, collaboration, and the advancement of investment opportunities within the Turks and Caicos Islands.