Turks and Caicos Business, Taxation and Offshore Information
The Turks & Caicos Islands are located in the Caribbean. The Islands are a dependent territory of the UK with self-rule under a Governor and an elected legislative council. The 14 islands, south-east of the Bahamas, have land area of 430 sq km and a population of 31,500 'Belongers' plus expatriates; the culture is mostly Afro-Caribbean. The climate is sub-tropical; average daily temperature ranges from 17 to 30 Celsius; there can be hurricanes. The time zone is 4 hours behind GMT.
The official language is English and the legal system is largely derived from English law. There are international airports with daily flights to Miami (90 minutes) and more infrequent flights to other US cities, Halifax and London. The currency is the US dollar. Unemployment is high, but good growth has been improving matters, although there are skills shortages. Work and residence permits are available for most activities, but can be pricey. More »