How do I get residency in Turks & Caicos?

Permanent Residence Certificates are available through qualifying investment, commonly a home purchase from USD 300,000 on Providenciales or USD 1m for the fastest route with the right to work.

Is there any property tax?

No annual property tax. Stamp duty is charged on purchase at 6.5% to 10% depending on value and location.

Is TCI part of the UK?

It is a British Overseas Territory with its own government and tax system. Residents are not automatically British citizens, but the legal framework is British.

Jurisdiction · Caribbean

Turks & Caicos

Zero-tax British Overseas Territory with a serious luxury property market.

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Overview

Turks & Caicos combines zero direct taxation with British Overseas Territory legal stability and one of the Caribbean's strongest luxury real estate markets. There is no income tax, corporate tax, capital gains tax, inheritance tax or property tax — revenue comes from stamp duty and import duty.

Permanent residency through property investment is straightforward and does not require citizenship-by-investment machinery. For families who genuinely want a Caribbean base rather than a passport, it is often a better answer than a CBI programme.

Typical use-cases

Where Turks & Caicos fits

Property holding
Residency
Yacht ownership

Banking

Banking landscape

Scotiabank, RBC Royal Bank and CIBC FirstCaribbean operate locally with limited private banking depth. Higher-value clients typically hold their main relationships in Miami, the Bahamas or Cayman and use TCI accounts operationally.

Tax

Tax & reporting

No income tax, corporate tax, capital gains tax, inheritance tax, wealth tax or annual property tax. Stamp duty on property purchases ranges from 6.5% to 10% depending on value and island. Import duties and licence fees fund government.

Substance

Substance & register visibility

Economic substance rules apply to relevant activities under the 2018 ordinance. Beneficial ownership is filed to a private register accessible to competent authorities. As a British Overseas Territory, the legal system is English common law with a Privy Council appeal route.

Decision

When to pick this jurisdiction

Pick Turks & Caicos for a zero-tax Caribbean residence backed by real property, for holding luxury real estate, or for yacht ownership in a stable British legal environment.

The director's view

Written up as a comparative shortlist.

Every Turks & Caicos recommendation is delivered as a comparative memorandum — substance defensibility, banking access, treaty coverage, register visibility, cost to maintain and reputational risk — so the client can see the trade-offs before committing.

Next step

Considering Turks & Caicos? Get a written comparison first.

Answer six questions and a director will come back with a shortlist, indicative costs and banking route.

Scope a structure here Compare jurisdictions

Frequently asked

Questions we hear on every Turks & Caicos intake.

How do I get residency in Turks & Caicos?: Permanent Residence Certificates are available through qualifying investment, commonly a home purchase from USD 300,000 on Providenciales or USD 1m for the fastest route with the right to work.
Is there any property tax?: No annual property tax. Stamp duty is charged on purchase at 6.5% to 10% depending on value and location.
Is TCI part of the UK?: It is a British Overseas Territory with its own government and tax system. Residents are not automatically British citizens, but the legal framework is British.

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