Investing
A Paradise for Tourists, An Investment For A Lifetime
The Turks & Caicos, or more intimately known as TCI, offers a number of advantages for savvy investors. For one TCI is English-speaking. Coupled with its close proximity to the United States, direct flights and stable government, TCI becomes a very attractive growth opportunity with less risk associated with it than its neighboring Latin American and Caribbean countries. Even greater advantage is afforded investors because TCI’s national currency is the US Dollar. Furthermore the stable government of TCI is under the care of Great Britain, therefore, is based on English Common Law. Finally, investors will find the fact that there exists no income, estate or real estate tax in TCI.
Investing in Turks and Caicos in the past was, primarily, real estate. Condos and resorts, high-end developments sprang up all around the islands especially along the beaches, in particular, Grace bay in Providenciales. Today, TCI offers a plethora of investment opportunities making this small island territory the fastest growing economy in the Caribbean. TCI carefully governs all investment and financial activities. In contrast to most of the Western Hemisphere, namely, the Caribbean, TCI has a modern European style financial and investment infrastructure to overlook its economics and financial activities. These activities and investment opportunities include: Banking, insurance, trusts, mutual funds, investment dealing, companies and partnerships.
More recently TCI has opened up its investment doors and legislation to allow for mutual funds investments.
It is no wonder with all the growth opportunities of this emerging economy, the low risk associated with TCI’s stable British-run government, the use of the US Dollar, low taxes and a solid European style financial infrastructure, that Turks and Caicos has enjoyed double digit capital appreciation over the past ten years. It, then, becomes quickly apparent that the question isn’t, “Should I invest in Turks and Caicos?” but “How can I jump on this incredible investment opportunity?”
