Areas of Practice
BUSINESS ESTABLISHMENT & RESIDENCE
There exist a number of opportunities for the establishment of new businesses in Turks & Caicos, and government policy is to attract inward investment.
There is no restriction on the acquisition or sale of land in Turks & Caicos. Title to land falls under the regime of the Registered Land Ordinance, a system of ttitle registration
Turks & Caicos continues to offer tremendous potential for developers. In addition to a plenitude of privately-owned property, Crown land can be made available
The Companies Ordinance provides a choice between the exempted company as an offshore vehicle and the ordinary company as the standard vehicle for business conducted within Turks & Caicos.
The practice and procedure of the Turks & Caicos Supreme Court generally follows that applied in the English courts
BANKING & FUND MANAGEMENT
Retail banking services are currently provided by CIBC FirstCaribbean Bank, ScotiaBank, and the Royal Bank of Canada, while private banking services are provided by a number of investment banks.
TRUSTS & TRUSTEES
Based on the established English law of trusts, the Trusts Ordinance incorporates provisions from other jurisdictions and several original refinements, including the abolition of the old law against perpetuities
The Insurance Ordinance provides a conducive environment for those wishing to carry on insurance or reinsurance business from within Turks & Caicos
A Registry of British Ships is situated at Grand Turk, and it is relatively simple and inexpensive to register a vessel under 50 tons
TAX & ESTATE PLANNING
Turks & Caicos was intentionally made an offshore centre by the British Government following recommendations made in 1970, and has remained a nil-income-tax jurisdiction.