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Company Incorporation in the Turks & Caicos Islands

How to start a Turks and Caicos Islands limited company. Incorporation or formation of an offshore company

 

 

The normal type of company, outside the tax net in the Turks & Caicos is the IBC (International Business Company)

Features of a Turks & Caicos International Business Company

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  • Exemption from all local taxes and taxes on legal documents
  • You can transfer its tax residence to another jurisdiction if necessary
  • There is no requirement to file accounting information in Turks & Caicos Islands
  • The cost is reasonably economical

Why use a Company in the Turks & Caicos Islands?

  • To protect the assets of a person subject to taxation or agreement, for example, ending a marriage in another jurisdiction
  • As a vehicle to facilitate the transfer of assets to another company, trust, foundation etc.

The process of establishing in the Turks & Caicos Islands

At first, we must check a name for a company in the Turks & Caicos Islands. the approval of company name can be obtained within hours.

The Memorandum and Articles of incorporation of the company are given to the Registrar, an a certificate of incorporation is printed and the new company is incorporated.

The general timeline for full incorporation is two days, although the Clerk's office is automated, allowing the addition to be made within twenty-four hours if needed.