Turks and Caicos: Offshore Business Sectors
The Turks and Caicos Islands emergence as a major corporate domicile dates from the enactment of the Companies Ordinance 1981. The legislation is regarded as highly innovative and has been duplicated by other jurisdictions. The Ordinance continues to be amended to meet the changing demands of the international business community.
In common with many other offshore jurisdictions, the Turks and Caicos Islands are responding to pressure from the OECD by tightening up regulation. Specifically, the Turks and Caicos responded to the recommendations of the November 2000 KPMG Independent Review of Financial Sectors in the Caribbean Overseas Territories.