The Turks and Caicos Island are a British Oversea Territory located in the Caribbean. They are a popular tourist destination and renowned for being among the most tax-friendly jurisdictions in the world. Many wealthy Americans, Canadians, and Brits have many the Turks & Caicos their home.

The Turks and Caicos Islands offer a Permanent Residence Certificate (PRC) to investors. It’s a great way to gain permanent residence in the Turks And Caicos and gain tax residency.

Benefits of the Turks & Caicos Permanent Residence Certificate

If you apply for permanent residency for Turks and Caicos Island then you are going to get the following benefits:

1. You will obtain a permanent residency.
2. Do you have a spouse and children under 19? Then they will be able to apply as dependents too!
3. You will not have to pay any tax on the personal or corporate income that you are earning!
4. You will also be able to apply for naturalization into BOTC after 5 years.

Turks & Caicos Permanent Residence – Real Estate

If you want to get a permanent residency then you will have to fulfill the following conditions for real estate investment in the Turks and Caicos:

1. You can construct a new home renovation and already existing property.
2. You can use the home as the residence of the applicant and their dependents.
3. The investment amount is going to be at least $750,000.

Turks & Caicos Permanent Residence – Business Enterprise

You will have to invest in a business enterprise and make sure that at least 60% of the employees do not need any work permit if they want to work in the Enterprise.