Turks & Caicos Islands
Year 1
- Please enquire further
First year fees for company incorporation excluding disbursement (if any)
Year 2
- Please enquire further
Annual renewal excluding disbursement (if any)
Introduction to Open Bank Account
- Fees for introduction to open bank account excluding documents certification and disbursement (if any)
The Turks and Caicos Islands are a British Overseas Territory consisting of two groups of tropical islands in the West Indies, the larger Caicos Islands and the smaller Turks Islands, known for tourism and as an offshore financial centre.
The Turks and Caicos Islands lie southeast of Mayaguana in the Bahamas island chain and north of the island of Hispaniola. Cockburn Town, the capital since 1766, is situated on Grand Turk Island about 1,042 kilometres (647 mi) east-southeast of Miami in the United States. The islands have a total land area of 430 square kilometres (170 sq mi). The islands are geographically contiguous to the Bahamas, but are politically a separate entity.
The total population is about 45,000, of whom approximately 22,500 live on Providenciales in the Caicos Islands.
The economies are largely hotels & restaurants, financial services, construction, wholesale & retail trade and health & social work. Most capital goods and food for domestic consumption are imported.
Incorporation
Type of company: International Business Company or IBC. An IBC can take the form of company limited by shares, company limited by guarantee, company limited by shares and guarantee, unlimited company and dedicated cell company.
Who can incorporate: Registered Agent Licensed in Turks & Caicos
Time to incorporate: 2 days
Registration fee: ?
Shelf company availability: Yes
Taxation: There are no direct taxes such as income tax, corporation tax, capital gains tax, profit tax, gift tax or death duties.
Minimum annual government fee: ?
Disclosure of beneficial owner: No
Bearer shares: Yes
Standard minimum paid up: US$100
Standard authorised capital:
Permitted currency of capital: Any
Minimum number of shareholders: One
Minimum number of directors: One
Corporate directors: Yes
Local directors: No
Company secretary: Option
Company seal: Not required
Public record of directors & shareholders: No
Location of directors and shareholders meeting: Anywhere
Telephone board meeting: Yes
Access to Double Tax Treaty: No
Requirement to file account: No
Requirement to keep account: Yes
Requirement to file annual return: NO
Change in domicile: Yes
Local registered office address: An IBC must maintain a local registered office in Turks & Caicos and this is the address of a licensed registered agent in Turks & Caicos
Data Sheet
Turks and Caicos Data Sheet – Summary
| Type of company | IBC |
| Common or civil law jurisdictions | Common |
| Shelf company availability | Yes |
| Time to incorporate | 2 days |
| Min. annual duty or franchise fee | ? |
| Annual return filling fee | ? |
| Taxation | Nil |
| Disclosure of beneficial ownership | No |
| Bearer shares | Permitted |
| Standard minimum paid up capital | ? |
| Standard authorised share capital | ? |
| Permitted currency of capital | Any |
| Minimum number of shareholders | 1 |
| Minimum numbers of directors | 1 |
| Corporate directors | Yes |
| Local directors | No |
| Company secretary | Option |
| Company seal | Option |
| Public record of directors | No |
| Public record of shareholders | No |
| Location of directors meeting | Anywhere |
| Location of shareholders meeting | Anywhere |
| Telephone board meeting | Yes |
| Access to Double taxation treaty | NO |
| Requirement to file account | No |
| Requirement to keep account | Yes |
| Requirement to file annual return | NO |
| Change in domicile | Yes |
| Local registered address | Yes, address of licensed registered agent |
| Who can incorporate? | Registered Agent Licensed in Turks & Caicos. |
Banking Options
Please contact us to know the banking options we have for Turks and Caicos Islands company.
Inquiry
How can I get more information on company formation in Turks and Caicos Islands?
Please contact us if you wish to open a company in Turks and Caicos Islands and we will be pleased to discuss your Turks and Caicos Islands offshore company formation matters in greater detail.