ESTATE AND TAX PLANNING
Turks & Caicos was intentionally made an offshore centre by the British Government following recommendations made in 1970. It has remained a nil-tax jurisdiction, with no taxes on income or capital, no exchange control, and statutory protection of confidentiality. The financial services legislation is modern and flexible, permitting the creation of practically every form of vehicle to suit the needs of the professional tax or estate planner from the trust to the limited life company to the company without shares to the limited partnership to the restricted market reinsurer. Savory & Co. has been actively involved in the creation of offshore vehicles since 1981, usually working with overseas professionals to tailor documentation to the needs of individual plans and structures.