Turks and Caicos Business, Taxation and Offshore Information
This page was last updated on 12 Sept 2018.
The Turks & Caicos Islands are in the Caribbean Sea, south-east of the Bahamas and north of the Dominican Republic (on the island of Hispaniola). The islands form a dependent territory of the UK with self-rule under a Governor and an elected legislative council. The 14 islands have land area of 430 sq. km and a total population of 36,000; the culture is mostly Afro-Caribbean. The climate is sub-tropical, with average daily temperatures ranging from 17°C to 30°C. 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 (Nova Scotia) and London. The currency is the US dollar. Unemployment is high, but good growth has been improving matters, although there are skill shortages. Work and residence permits are available for most activities, but can be expensive. More »