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
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
Language of Legislation and Corporate Documents
Type of Company for International Trade, Investment & Tax Planning
Exempt / International Business Company.
Turks and Caicos Company – Key Facts
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.
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.
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.
A Turks and Caicos company requires a minimum of one shareholder.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Language of Name
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
- 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
Submit an enquiry or request a confidential callback or chat with us.
Tags: Turks and Caicos Offshore