Turks and Caicos Company

Worldwide Incorporation Services specializes in Turks and Caicos Company Formation and opening bank accounts.

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Jurisdictions >> Turks and Caicos Offshore

Turks and Caicos Company. Turks and Caicos Company Formation. Turks and Caicos Offshore.

Worldwide Incorporation Services specializes in Turks and Caicos Company Formation and opening bank accounts.

Turks and Caicos Islands – General Information

Turks and Caicos Company Formation

Location: two island groups in the North Atlantic Ocean, southeast of The Bahamas, north of Haiti.
Area: total: 948 sq km, land: 948 sq km, water: 0 sq km.
Natural resources: Spiny lobster, conch.
Population: 52,570 (July 2017 est.).
Capital: Grand Turk (Cockburn Town).
Time Zone: UTC-5.
Languages: English (official).
Dependency status: Overseas territory of the UK.
Government type: Parliamentary democracy (House of Assembly); self-governing overseas territory of the UK.
Legal system: Mixed legal system of US and English common law, customary law, and local statutes.
International organization participation: Caricom (associate), CDB, Interpol (subbureau), UPU.
Economy: The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the more than 1 million visitors that arrive annually. Three-quarters of the visitors come by ship. Major sources of government revenue also include fees from offshore financial activities and customs receipts.
Currency: US dollar.

Turks and Caicos Company – Overview

Key Benefits of Turks and Caicos Company Formation

  • Exemption from all local taxes and stamp duty
  • No exchange controls
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • The minimum number of shareholders is one
  • The minimum number of directors is one
  • Corporate directors and shareholders are permitted
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings

Principal Corporate Legislation

Companies Ordinance 1981 as amended.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Company for International Trade, Investment & Tax Planning

Exempt / International Business Company.

Turks and Caicos Company – Key Facts

Share Capital

Standard authorised share capital is US$5,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares, shares of no par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Permitted.

Restrictions on Trading

A Turks and Caicos company cannot trade within the Turks and Caicos Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Office Required

Each Turks and Caicos Company must have a Registered Agent and Registered Office in the Turks and Caicos Islands, provided by a licenced service provider.

Directors

A Turks and Caicos company requires a minimum of one director. Director can be of any nationality and need not be resident in the Turks and Caicos Islands. Corporate directors are permitted.

Shareholders

A Turks and Caicos company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

US Dollar.

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Company

The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every Turks and Caicos company.

Time to Incorporate

Two weeks.


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Why Choose Worldwide Incorporation Services?
  • We’ve been helping business owners since 1998
  • Incorporating your business is our focus
  • We make a complex process fast and easy
  • We work closely with Turks and Caicos Companies Registry to guarantee our service

Turks and Caicos Company Formation – Office Addresses

 

Services related Turks and Caicos Company Formation

Worldwide Incorporation Services provides the following services related Turks and Caicos Company Formation:

  • Turks and Caicos Company Formation
  • Registered Office and Agent Services in the Turks and Caicos Islands
  • Company Secretarial Services
  • Nominee Shareholder / Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address in the Turks and Caicos Islands
  • Trademark Registration

Worldwide Incorporation Services | Turks and Caicos Company

 

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