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TCI To Launch Inward Investment Agency In July

by Mike Godfrey, Lowtax.net, Washington
20 April, 2015

The Government of the Turks and Caicos Islands (TCI) has said its new inward investment agency is closer to launch, with the appointed of its first board members.

Once the full board of directors is appointed, the board will be responsible for appointing staff, including a chief executive. The territory hopes to have the agency operational by July 1, 2015.

Invest TCI will work with investors who want to do business in the TCI, advise the Government on initiatives to encourage investment, and help streamline the investment process. Invest TCI is to replace the now defunct agency TCInvest.

The Minister of Finance, Washington Misick, said: "I am very excited by the potential of Invest TCI, given that we are already one of the fastest growing economies in the Caribbean. Our economy can only benefit by having an expert team working to bring together the needs of business and government in a more coordinated and coherent manner."

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