passports.io website
residencies.io website
Bank Accounts website
Flag Theory website

Turk & Caicos Islands

Trust

Taxes

A trust established in the Turks & Caicos Islands may not be subject to local taxes applicable to the assets and income of the trust, provided that no residents of the Turks & Caicos Islands benefit from the trust and no physical assets are located there.

It must be noted that the choice of law of the trust would not be applicable to tax matters, which would be governed by the respective jurisdiction where the settlor, beneficiaries, assets or trustee are located, as applicable.

You should consult with your tax advisor or accountant to know the tax implications in your jurisdiction of residence when establishing a trust in the Turks & Caicos Islands, transfer assets to it and receive profits from said assets.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • - Offshore Income Tax Rate
  • - Corporate Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 6% Personal Income Tax Rate
  • 0 Tax Treaties

Country details

Turks and Caicos Islands
USD
Cockburn Town
North America
e n - T C
20556

The Turks and Caicos Islands are a British overseas territory, consisting of the larger Caicos Islands and smaller Turks Islands, two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and northern West Indies. They are located north of the island of Hispaniola where Haiti and the Dominican Republic are located.

Cockburn Town, the capital, is about 1,042 kilometers (647 miles) to the southeast of Miami. The islands, with 948 sq. km of total surface area, are geographically contiguous to the Bahamas.

Its official language is English and its official currency is the United States Dollar (USD).

As a British territory, its sovereign is Queen Elizabeth II of the United Kingdom, represented by a governor appointed by the monarch, on the advice of the Foreign Office.

The Turks and Caicos economy, as other Caribbean islands, is based on tourism, offshore financial services, and fishing.

Procedures

We can help you incorporate a Trust in Turks and Caicos Islands.
Please, contact us to request a free, no obligation consultation.

Disclaimer

Although we use our best efforts to keep the information of this site accurate and up-to-date, we make no representations or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents of this website. We disclaim any warranties expressed or implied, merchantability, or fitness for any particular purpose. We shall in no event be held liable for any loss or other damages, including but not limited to special, incidental, consequential, or other damages. The contents of this website are just for illustrative purposes and are NOT to be considered as a legal opinion or tax advice and should not be relied upon as such. Far Horizon Capital Inc., and any associated company, is not engaged in the practice of law or tax. If you wish to receive a legal opinion or tax advice on the matter(s) in this website please contact our offices and we will refer you to an appropriate legal practitioner. Use of our websites FlagTheory.com, Incorporations.io, Residencies.io, Passports.io, is subject to our terms and conditions.

Flag Theory Weekly Letter

Subscribe to receive Internationalization, Business-driven Structuring Intelligence directly to your inbox. You will also get the Flag Theory Master Course, a 1-month course with valuable and actionable information that you must consider when going global.

Your privacy is important for us and we will keep your information secure. View our privacy policy

View past newsletters