Turks and Caicos: Offshore Legal and Tax Regimes
Forms of Offshore Operation
This page was last updated on 12 Sept 2018.
Offshore entities may take the following forms (click on a form for a description of the legal regime under which it is constituted):
- International Business (Exempt) Company
- Foreign Company
- Limited Partnership
- Hybrid Company
- Limited Life Company
- Exempted Limited Partnership
Banks, insurance companies, mutual funds, trust management companies and other financial institutions use an appropriate corporate form from the above list; in addition they are subject to registration or licensing as described in Offshore Business Sectors.
On formation, exempt companies and limited partnerships receive a statutory guarantee that they will not pay any taxes for a 20-year period.