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Firms In Turks And Caicos Must Renew Licenses

by Mike Godfrey, Lowtax.net, Washington
13 March, 2018

The Turks and Caicos Revenue Department has advised that businesses are now able to renew their licenses for the 2018/19 year.

By law, all business owners must obtain a business license certificate and display that certificate prominently in the place of business. A USD1,000 penalty may be imposed for failing to comply with this requirement.

The Department says all registered companies applying to renew their license must submit a copy of their register of members/shareholders and demonstration of good standing, while sole traders and partnerships must present a valid business name registration certificate from the island's Financial Services Commission along with their application for renewal.

Businesses requiring annual inspections from Environmental Health or an accommodation license are required to seek inspection ahead of the renewal deadline.

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