Investment for Residency
Investment in real estate may qualify individuals for residency, either through a Temporary Residency Certificate, a Permanent Residency Certificate (with or without the right to work), or Belongership. Residency in the Turks and Caicos Islands can have significant tax benefits. The Government is committed to seeing the population grow, and has designed an immigration policy to welcome visitors and workers who are committed to the development of the country.
TEMPORARY RESIDENCE CERTIFICATE
Government may grant temporary Residence Certificates on an annual basis for those who wish to live here part time, but keep their official residence in another country. There is an annual fee of $1000 per person. Your spouse can also be included for an additional fee.
PERMANENT RESIDENCE CERTIFICATE
Persons making a real estate investment in a residence or a business may apply for a Permanent Residence Certificate. This applies to people who wish to come to the Island to retire, or who wish to invest in a business but have no intention of operating that business. There is no residency requirement in the Turks and Caicos, but the holder can claim the island as their principal residence for tax purposes. The minimum investment required is $500,000 on Providenciales, and $125,000 on the sister islands. There is also a one-time fee of $15,000 for retired persons. The dependent children of permanent residents may be granted permanent residence with the right to work upon reaching the age of majority, if they have grown up in the islands, or rightfully consider the islands as their home.
BELONGERSHIP
The Government believes that Belongership is a special privilege; one that it must reserve for the native population. The government will consider recommendations for Belongership only where the candidate has made outstanding contribution to the Turks and Caicos Islands.
ADMINISTRATION
The Governor, on the advice of the Executive Council, undertakes the issuance of Permanent Residence Certificates and Belongership.
