Turks & Caicos continues to offer tremendous potential for developers. In addition to a plenitude of privately-owned property, Crown land can be made available on long term-lease, or, through association with a Turks & Caicos citizen, by way of a conditional purchase lease, depending upon the nature of the development proposed. In addition, incentives may be granted by Government in the form of exemption from customs duty on materials and equipment imported for the development, and reductions in or exemptions from work permit fees and other associated costs. In the case of certain approved developments, the Government may agree to the grant of a permanent residence certificate to the investor.
Savory & Co. will advise and assist in all aspects of development projects in Turks & Caicos, including preparation of development agreements, building contracts, property-owner and condominium agreements, liaison with Government officials and agencies, and the submission of applications for planning approvals.