Company registration on the Turks and Caicos islands

Name of service Bronze Silver Gold Platinum
Reservation of a company name Obtaining approval from the registrar by company name
Set of constituent documents Preparation of a full package of constituent documents of the company of any form of ownership in accordance with the laws of the jurisdiction
Company incorporation Preparation of a full package of constituent documents of the company of any form of ownership in accordance with the laws of the jurisdiction
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent a property
Apostilled set of constituent documents Documents apostille service and consultation on the types of documents, that require apostille
Seal of the company Registration of the company's seal in accordance with the laws of the jurisdiction
Nominee director and shareholder Provision of individuals and legal entities for appointment to positions in the company
Opening of a bank account Preparation of necessary package of documents and opening a bank account
Total cost
950 USD 1290 USD 1790 USD On request
Annual renewal (paid from the second year)
890 USD 890 USD 1390 USD On request

Deal of the month

If you will register a company until 29th of February,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Turks and Caicos Islands are the third most populous British Overseas Territory. They are considered a popular tourist destination as an offshore financial center. The territory's tax haven status allows foreign investors to financially benefit from setting up a company in Coburn Town or any other town in the Turks and Caicos Islands. Companies registered here are not directly taxed. The financial benefits, combined with the convenient geographical location, make opening a firm in Turks and Caicos one of the top investment options in the region.

Advantages of registering a company

  • English-speaking language environment;
  • The possibility of creating a company in Turks and Caicos Islands with 100% foreign capital, which can be deposited in any currency (the legislation does not set a minimum amount);
  • Сonfidentiality of beneficiaries, shareholders, and directors;
  • No accounting or tax filing requirements.

Main forms of legal presence and doing business

  • limited liability companies;
  • public companies.

Most investors open a company in Turks and Caicos as a private limited liability company. Only one shareholder and one director are required to establish a business. There are no restrictions as to their nationality or country of incorporation. Such companies can be set as International Business Companies (IBC) if they engage in commercial activities outside the islands.

Registration procedure

  • choose a unique company name;
  • register the company in Turks and Caicos Islands with the Financial Services Commission (FSC);
  • open a bank account;
  • obtain the necessary licenses and permits.

Legislation and regulatory environment

The process of establishing companies and the basis of their regulation is set out in the Companies Ordinance. Under the Companies Ordinance, the directors must be licensed in the Turks and Caicos Islands.

Under the Anti-Money Laundering and Terrorism Prevention Regulations, the Financial Services Commission oversees business activities. In addition, it acts per the Caribbean Financial Action Task Force (CFATF) requirements.

Tax system

Registering a company in Turks and Caicos Islands allows businesses to avoid taxation. There are no direct taxes here:

  • on corporate and individual income;
  • VAT;
  • on capital gains;
  • on property.

All companies must have a license, the cost of which depends on the type of activity.

The National Health Insurance (NI) contribution to the National Health Insurance Board (NHIP) is paid on the income of individuals. These fees are paid in part by the employee and the employer. Import duties are 37.5%.

Starting a Business in Turks and Caicos Islands: how the lawyers of Prifinance can assist

Offshore companies in the islands are created for tax optimization purposes. Prifinance lawyers will assist you to buy a shelf company in Turks and Caicos Islands or register a new company according to your interests. We will prepare a package of documents, as well as support with administrative and legal issues. In addition, our specialists can be entrusted with the company's annual maintenance. Prifinance guarantees client confidentiality.

Cooperation

Our clients