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| INTRODUCTION |
Turks and Caicos Islands are a group of islands situated in the Caribbean Southeast of the Bahamas. The population is 15,000 and the currency is the U.S. Dollar.
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| LAW AND TAXATION |
The islands are politically stable and have had their own government since the Constitution was introduced in 1976. Turks and Caicos follow the British Common Law. There is no taxation other than the fixed yearly Government Fee for an Exempt company.
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| CORPORATE REQUIREMENTS SUMMARY |
- Only Domestic filings are offered by CSC in Turks & Caicos
- One or more directors, who may be a non-resident and a secretary, are required
- A sole director may act as Secretary
- The Exempt Company is the most commonly formed. This type of company may obtain a guarantee against the imposition of future taxation, or increased government fee for 20 years from the date of incorporation
- Under the Turks and Caicos Islands Companies (Amendment) Ordinance 2001, if bearer shares are issued, they must either be held by a licensed custodian, held by the Registered Agent or the Registrar must be notified of the custodian of the bearer share certificates
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| **CSC does not provide legal or financial advice** |
