What we can do for you

  • We do all paperwork on forming the company in Turks and Caicos
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand

How we can assist you further

  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

Turks and Caicos Company Formation. Turks and Caicos Exempt International Business Company

Main Characteristics and the basic rules of Company registration in Turks and Caicos

Turks and Caicos Company Formation

Are you seriously thinking about expanding an existing business into new territories? For making such dreams into reality, selecting apt country is very important. It is not mandatory that you will have to take the venture to a large and popular destination. Sometimes, choosing an offbeat destination for expanding business activities can be profitable. You may choose The Turks and Caicos Islands for business expansion. This British Overseas Territory comprises of Turks and Caicos Islands located in the Atlantic Ocean.

Despite the small dimension and small population, Turks and Caicos Islands are ideal for venture expansion. Its natural resources, largely unexplored niches and investor friendly govt policies lure investors from various countries. However, you will gain from seeking our Turks and Caicos Company Formation packages.

Before starting business operation in any country, analyzing its economic aspects and growth prospects is necessary. The economy of Turks and Caicos Islands is largely dependent on tourism while fishing and financial services also contribute to the GDP to an extent. Its economy was affected by the global economic crisis but since then it has recovered. While a majority of the tourists hail from the USA, with time people from many other countries are also choosing it for vacationing. You can think of starting tourism related ventures here. Those companies into hospitality sector can also choose the islands. However, you can also start seafood related ventures here.

The logistics and transport setup of a country matters a lot for business communication needs. The country has an international airport and there are 6 other airports. Its road network is also being developed. These islands also have their own sea ports.  However, no rail route exists here. These may be helpful for investors but seeking our Turks and Caicos Company Formation packages can be even more helpful.

The major attraction of the Turks and Caicos Islands is the zero taxation system. Investors need not pay taxes and limitations on monetary exchanges are minimal. Some money laundering problems surfaced in the 1990s and those have been resolved by aid taken from by the British government. Of late, the country is being equipped with investment friendly laws. It has privileged access to the markets in the EU and duty-free access to provinces in Canada.

Setting up business in the Turks and Caicos Islands should not be tedious. However, our guidance can ease the process. Contact BRIS group today to know more. Our Turks and Caicos Company Formation package is what you need.

Turks and Caicos Company Formation Financial Advantages
Taxation: No taxes. There are certain advantages to be gained through the use of an “Exempted” company.“Exempted” companies are not subject to taxation of any kind in the Turks and Caicos. In any event, there are no income or capital taxes in the Turks and Caicos Islands and it is not anticipated that direct taxation will be introduced in the foreseeable future. The Governor of the Turks and Caicos Islands is empowered to give an undertaking to the effect that the activities of the “exempted” company will be free of taxation for a period of twenty (20) years.
Double Taxation Treaty Access: No Treaty Access
Turks and Caicos Tax Information Exchange Agreements: Yes, Turks and Caicos signs Exchange Agreements
Account Filing Requirements: No accounting / reporting requirements
Annual Return Filing Requirements: No annual return/ reporting requirements
Audit Requirements: No audit required.
Turks and Caicos Company Formation Registration Requirements
Share Capital: US$5,000 Minimum paid up share capital: US$1
Classes of Share Available for Turks and Caicos company formation: Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value
Bearer Shares: Yes, Allowed
Registered Office Required: Yes required and must be maintained in Turks and Caicos Islands
Shareholders: Minimum number is one
Directors: Minimum number is one. Can be any nationality and need not be resident in Turks and Caicos Islands. Corporate directors are allowed.
Your Company language: English
Name of your Company must be ended: The company name can be in any language and there is no requirement for the word “limited” or “inc” to form part of the name.
Documents required for Turks and Caicos company formation: A certified copy of your passport or ID and proof of your residential address dated less than 3 months.
Turks and Caicos Company Formation Restrictions
For Turks and Caicos company formation you cannot use words in your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading: Not permitted to trade within the Turks and Caicos Islands
Not permitted without a licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.
Turks and Caicos Company Formation Confidentiality and Security
Publicly Accessible Records: No public register of company officers (Directors, Shareholders, Secretary)
Nominee Shareholders and Nominee Directors: Yes, Allowed
Disclosure of Beneficial Ownership to Authorities: No
Meetings of Directors and Shareholders to be held: Anywhere
Stability: Stable jurisdiction and strong reputation.
About Turks and Caicos Turks and Caicos Company formation
Capital city: Cockburn Town
Region: An archipelago of 40 low-lying coral islands in the Atlantic Ocean, a British Overseas Territory southeast of the Bahamas
Political System: Parliamentary Democracy
Government: Constitutional Monarchy
Governing corporate legislation: Companies Ordinance 1981 as amended
Type of Law: Common
Currency: US Dollar (USD)
Exchange Control: None
Language of Legislation and Corporate Documents: English
Time Zone: GMT-5
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

Our team of consultants are on hand to find out about your specific requirements and take you through the process from start to finish.