Turks & Caicos
Europe Emirates Group can help you start your business in Tuks & Caicos
TCI Exempt Company is the most popular company structure for foreign investors in Turks & Caicos, which is a British protectorate. Company formation requires one director and one shareholder along with a name translated into English for the Certificate of Incorporation, and can be completed in just 48 hours. An English version of the Articles of Incorporation should also be provided.
The company does not have to use the word Limited in its name, and can choose to use common abbreviations such as Ltd or AG.
The shareholder may be a company and the same applies to the director or any officer within the company, who may also be a corporate entity. If preferred, one person may fulfill all roles within the company.
The company is not required to include its holdings within the Memorandum of Association and may issue more than one type of share and attach different rights to each type. The company may also operate with the need for a register of Mortgages and Charges.
Reporting requirements are the provision of an annual statement that demonstrates regulatory compliance. A registered local office is also mandated but there is no requirement for a resident on-the-ground director.
The only annual expense is the renewal fee, and records maintenance.
- 20-year tax corporate tax moratorium
- Zero taxation on sales, income, profits and capital gains
- Foreign ownership permitted
- Zero currency restrictions
- No minimum starting capital requirement
- High level of corporate anonymity with no requirement for a director/shareholder register
- No auditing requirements