How to Buy Property in Turks and Caicos Islands
Anyone may purchase land in the Turks and Caicos Islands(TCI), save, if the purchaser wishes to hold property through a company, the company must be a TCI company. Foreign companies are unable to directly purchase property in the TCI. However, there are no restrictions on a foreign company holding the shares of a TCI company that owns property in the TCI. There is no restriction on a non-TCI citizen or non-TCI resident owning land the TCI or holding the shares of a TCI company, which owns property. The TCI’s Registered Land System Land in the TCI is registered under the Registered …
TCI suffers highest % of GDP loss due to COVID-19 impact on tourism
According to Visa service provider Official-esta.com, Turks and Caicos suffered the highest percentage of GDP lost due to the financial impact of Covid-19 on world tourism. The country has lost USD$94 million in revenue representing 9.2% of GDP, and is among five other Caribbean nations occupying the top 10 list. The Caribbean islands which have suffered the highest percentage loss in GDP, alongside the Turks and Caicos Islands are Aruba, Antigua and Barbuda, St. Lucia and Grenada. The United States, from which most tourists visit the TCI, reported the most Covid-19 cases (5.7 million cases) and has suffered the biggest …
Turks and Caicos welcomes first post-COVID-19 guests
On the first day flights resumption in Turks and Caicos Islands, two American Airlines flights and 18 private jets were welcomed into the country. Turks and Caicos Islands’ Premier Honourable Sharlene Cartwright-Robinson and other government officials were on hand at the Providenciales International Airport (PLS) to welcome guests for the first time since the COVID-19 pandemic begun. American Airlines flight 1279 carrying 77 passengers from Miami was the first to arrive around mid-day and was greeted by the customary water cannon salute given to a first flight at airports around the globe . As part of the new modus operandi, …
The Advantages of Incorporating a Turks and Caicos Company
Opening or expanding your business into the Turks and Caicos Islands (TCI) can be an exciting prospect. The TCI is fully open for business and investment, and offers a number of different business structures under the law, each offering unique benefits. This article looks at starting a company in the TCI – specifically the features of incorporation. Wessex Fairchild Attorneys and its associated company management business Lex Corporate Services Ltd is here to help you at every step of the process. The formation of TCI companies is regulated pursuant to the Turks and Caicos Islands Companies Ordinance 2017. Incorporating a …
New Chief Justice Takes The Bench in Turks and Caicos
JUSTICE Mabel Agyemang, a Ghanian judge of the highest calibre, officially took up her post as Chief Justice of the Turks and Caicos Islands on April 1. Joining her on the judicial bench this past Wednesday was former Chief Magistrate Tanya Lobban-Jackson. Lobban-Jackson, a native of Jamaica, now serves as a judge of the Supreme Court. The two were sworn in by Governor Nigel Dakin on Monday (March 30) at the Governor’s Office in Providenciales. Commenting on the appointment via his Instagram page, Governor Dakin stated: “An enormous privilege to do this – under the strangest of circumstances – but …
Craig Oliver joins Wessex Fairchild Attorneys
Wessex Fairchild Attorneys, established by Neale Coleman and Arnelle Taylor in 2019, are delighted to welcome their newest attorney to join the team. …
Wessex Fairchild Law Firm opens door in Turks and Caicos Islands
Established in 2019 by Neale Coleman and his fellow partner Arnelle Taylor, Wessex Fairchild is a multi-service law firm specializing in litigation, commercial disputes, real estate and corporate services among others. …
