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Turks & Caicos Islands Investor Residency Program

Turks & Caicos Islands Investor Residency ProgramConsisting of an archipelago of 40 islands out of which eight can be inhabited, the Turks and Caicos Islands are a popular holiday destination that offers easy access to North America. The Islands’ proximity to the third-largest barrier reef in the world makes it a safe and enjoyable destination for water sports and other activities. With an economy powered by tourism, the Islands offers attract real estate and business investment options at comparatively low costs.

Benefits of  having a Turks & Caicos Islands Investor Residency Program 

Permanent residents of the Turks and Caicos Islands are entitled to the following benefits:

  • Easy access to one of the most popular tourist destinations in the world.
  • A cosmopolitan environment with residents from different countries and cultures
  • Permanent residence without any residency requirements, which allows the applicant to travel abroad without loss of residence status.
  • Attractive returns on investment due to a comparatively less-developed real estate and business enterprise market.
  • Access to state-of-the-art health centers along with easy access to the USA for emergency medical care.
  • A liberal tax regime with no direct taxes.
Population 33,098
Country Size 616.3  km2
GDP (billion current USD) 11,500 (2013 est.)
Earning per capita (current USD) $29,100
Unemployment Rate 10%
Inflation Rate 2.5%
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Minimum Investment

The investment immigration program of Turks and Caicos has an annual cap of 200 permanent residence certificates. Turks & Caicos Islands Investor Residency program offers two investment options for applicants.

A. Real Estate Investment

The applicant must fulfill the following conditions:

  • Construct a new home or renovate of a distressed property, and
  • Utilize the home as the residence of the applicant and his/her dependents.
Region Investment Amount
Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos $750,000
Any other island including the main island of Providenciales $1.5 million

B. Business Enterprise

The applicant must invest in a business or enterprise and ensure that at least 60% of the employees don’t require work permits to work in the enterprise.

Region Investment Amount
Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos $750,000
Any other island including the main island of Providenciales $1.5 million

Inclusion of Family Members

The following family members are entitled to Turks & Caicos Islands’ permanent residence along with the applicant:

  1. Spouse
  2. Dependent children below the age of 18 years.

Documents Required

Documents Required

Documents Required for Turks & Caicos Islands Investor Residency Program 

The applicant must submit the following documents along with Turks & Caicos Islands’ Permanent Residence application form:

  1. Birth certificate
  2. Passport
  3. Medical certificate
  4. Marriage certificate
  5. Proof of compliance with the investment requirements.
  6. Proof of ownership of adequate financial resources
  7. Police certificate as proof of clean character
  8. Proof of educational qualifications

Fees of  Turks & Caicos Islands Investor Residency Program 

Non-refundable Processing Fee $1,500
Refundable Processing Fee $23,500
Government Fee for spouse $200
Government Fee per dependent child $200

 

Click here for the government policy of the Turks and Caicos Permanent Residence program.

Don’t hesitate to contact us for a free consultation by calling us (514) 487-2011 or click on Free Investor Evaluation.

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