Turks and Caicos Islands: Offshore Banking

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".

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.

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.

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.

In the world of wealth management, family offices stand out for their unique ability to cater to the multifaceted needs of affluent families.

Fast-forward to today, and we're seeing this setup roll out and explode in emerging markets such as Asia and Latin America.

Whether its Air Drake on the runway, DJ Khaled on Instagram live or Stephen Curry vacationing with his family, TCI represents the modern-day getaway for the wealthy.