Turks & CaicosCompany formation, tax and banking
A zero-tax British Overseas Territory with a serious luxury property market.
Turks & Caicos combines no direct taxes with the legal stability of a British Overseas Territory and one of the Caribbean's strongest luxury property markets. There's no income tax, company tax, capital gains tax, inheritance tax or property tax — the government is funded by stamp duty and import duty.
Permanent residence through buying property is straightforward and doesn't need a citizenship-by-investment programme. For families who genuinely want a home in the Caribbean rather than a passport, it's often a better answer.
Why people choose Turks & Caicos
- No income tax, company tax, capital gains tax or inheritance tax
- No yearly property tax, just stamp duty of 6.5% to 10% when buying
- Permanent residence by buying a home, from USD 300,000 on Providenciales
- British Overseas Territory law, with a final appeal to the Privy Council
- One of the Caribbean's strongest luxury property markets
Where Turks & Caicos fits
- Property holding
- Residency
- Yacht ownership
Where Turks & Caicos fits in a structure
Typical role · Real Caribbean home with residence
Turks & Caicos is where you hold a real Caribbean home, and buying property can also get you permanent residence without a citizenship programme. There's no income tax, company tax, capital gains tax or yearly property tax, and the government is funded by stamp duty and import duty. It relies on stable British Overseas Territory law, with a final appeal to the Privy Council.
What it depends onIt works for families who genuinely want a home there, since where you actually live still decides your tax, and local private banking is limited, so most keep their main bank in Miami, the Bahamas or Cayman.
A simplified picture to explain the idea, not a recommendation. General information, not tax or legal advice.
Opening a bank account
Scotiabank, RBC Royal Bank and CIBC FirstCaribbean operate locally, with limited private banking. Wealthier clients usually keep their main banks in Miami, the Bahamas or Cayman and use Turks & Caicos accounts for day-to-day spending.
How tax works here
No income tax, company tax, capital gains tax, inheritance tax, wealth tax or yearly property tax. Stamp duty on buying property is 6.5% to 10%, depending on the price and the island. Import duties and licence fees fund the government.
Real presence, and who can see the owners
Substance rules apply to certain activities under the 2018 law. The real owners are filed on a private register authorities can access. As a British Overseas Territory, it uses English-style law with a final appeal to the Privy Council.
When to choose it
Choose Turks & Caicos for a zero-tax Caribbean home backed by real property, for owning luxury property, or for owning a yacht under stable British law.
You get a written comparison, not a sales pitch.
Every Turks & Caicos recommendation comes as a written comparison with the alternatives — whether the setup will stand up to scrutiny, how easy banking will be, which tax treaties apply, who can see the owners, what it costs to run each year and the risk to your reputation — so you can see the trade-offs before you commit.
Considering Turks & Caicos? Get a written comparison first.
Answer six questions and our team will come back with a shortlist, rough costs and where you could bank.
Questions we hear on every Turks & Caicos intake.
- How do I get residency in Turks & Caicos?
- Permanent Residence Certificates are available through a qualifying investment, usually buying a home from USD 300,000 on Providenciales, or USD 1m for the fastest route with the right to work.
- Is there any property tax?
- No yearly property tax. Stamp duty of 6.5% to 10% is charged when you buy, depending on the price and location.
- Is TCI part of the UK?
- It's a British Overseas Territory with its own government and tax system. Residents aren't automatically British citizens, but the legal system is British.
What we typically deliver in Turks & Caicos
Real Estate Structuring
Own high-value property through properly run companies in tax-efficient countries.
MobilityResidency by Investment
Golden visas and residency in 13 countries — Portugal, the UAE, Malta, Greece and more.
StructuresYacht & Aircraft Registration
Choose the flag, register and ownership setup for your yacht or private jet.
StructuresOffshore & Onshore Company Formation
We set up companies in the BVI, Cayman, the UAE, Singapore, the UK, Delaware and 55 more places — ready for a bank account, with proof that the company is genuinely run where it's registered.
More Caribbean jurisdictions & related insights
Every engagement begins with a twenty-minute advisory call. The fee is in writing before any work begins. No hourly billing.