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Turks and Caicos Islands
By Owen Foley, Alex Heylin
The Turks and Caicos Islands (TCI) economy has stabilised significantly and there has been a return to economic growth. Public finances have improved and business confidence has risen significantly. Tourism and resort developers have returned to the TCI marketplace and a number of large-scale tourism-related construction projects are expected to start in 2014.
By Owen Foley
This Q&A gives an overview of key recent developments affecting doing business in Turks and Caicos Islands as well as an introduction to the legal system; foreign investment, including restrictions, currency regulations and incentives; and business vehicles and their relevant restrictions and liabilities.
By Owen Foley
Condominium and villa investors will have a more affordable, flexible and attractive opportunity to invest in the Turks and Caicos Islands’ (TCI) real estate following the enactment of the Fractional Ownership Ordinance.
By Owen Foley
The Turks and Caicos Islands has just enacted a revamped investor residency programme, entitling successful applicants to a permanent residence certificate.
By Owen Foley
During the years of the recent property and development boom in the Turks and Caicos Islands (TCI), stamp duty on the real estate transactions became a substantial contributor to Government coffers.
By Owen Foley
During the years of the recent property and development boom in the Turks and Caicos Islands, stamp duty on the real estate transactions became a substantial contributor to Government coffers.
By Owen Foley, John Jones
The Turks and Caicos Islands ("TCI") are a British Overseas Territory. The territory's legal system is based on English common law supplemented by local statutes.
By Owen Foley
The TCI Government has enacted changes to TCI’s stamp duty regime in relation to real estate transfers, which came into force on May 7, 2010, significantly reducing effective duty rates on most transactions.
TCI’s Interim Government has announced that the Territory has now reached the OECD’s internationally-agreed standard for exchange of tax information agreements (TIEAs) and will now move from the OECD’s "grey list" to its "white list".
By Susan Barrington-binns
A report on the partial suspension of the constitution of the Turks and Caicos Islands, a British overseas territory, and the provisions in their place for the interim governance of the Islands by the Governor.
By Owen Foley
Issues regarding enforcement of positive covenants in mixed-use resorts.
By Owen Foley, Stephen Savage
It’s tough running a monopoly: you need a thick skin. The pay is good, of course, but after a while the slings and arrows of public discontent start to prick. At our Christmas pantomime last December, the buxom yet moustachioed villain, Cinderella’s stepmother, had a sketch where she made a call to the local monopoly telecoms provider.
By John Jones
The European Savings Tax Directive (STD) is one of three elements of the EU Tax Package. The other two measures are the EU Directive on interest and royalties and the Code of Conduct for Business Taxation. This article is only concerned with the STD.
By Owen Foley
The Turks & Caicos Islands (TCI) have experienced a significant boom in the luxury tourism sector since the late 1990s. This has led to substantial levels of foreign direct investment and an explosion of 4 and 5 star tourism construction.
By Owen Foley
The Turks & Caicos Islands (TCI) is a British overseas territory and a zero-tax jurisdiction. Its law is a mix of English common law, some UK statutes which have been extended to TCI, and local ordinances. The usual TCI corporate vehicle for international business is the exempted company limited by shares, commonly known as an IBC, and the law discussed in this chapter relates to IBCs.