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Category Archives: Turks and Caicos Islands

Frequently asked questions about TCI real estate

Here is a list of six frequently asked questions about real estate in the Turks and Caicos Islands. You can always send us an email of additional questions you would want answers for if it is not in this short list; Q: Are there property taxes? A: Currently there are no annual property taxes, just a one time stamp duty payable to the TCI Government. …

Non resident financing – RBC Royal Bank

If you are a non-resident, and is thinking of financing a home in the Turks and Caicos Islands, we have a number of banks that you can choose from. Today we will focus on RBC Royal Bank (Bahamas Limited) financing requirements that you would need to know and submit for a pre-qualification and then hopefully an approval to ownership of your intended/dream home or condo …

The simple things . . . Life in the Turks & Caico...

I stumbled across, a post on Facebook today and thought it was fitting to share. Another reason to remind everyone to appreciate the simple things that life has to offer. “People often ask me, “where is Turks and Caicos Islands and how come I’ve never heard of it?” Well for one, you see this world map? You see the microscopic dots that the arrow is …

No implementation of GST as of 1 October 2013

There were original talks of implementing a General Services Tax (GST) on professional services which included the real estate industry. This tax was to be implemented on 1 October 2013. In a recent release this announcement was made, which is worth sharing with our real estate audience: “His Excellency the Governor, Ric Todd, chaired the 18th meeting of the Turks and Caicos Islands’ (TCI) Cabinet …

Grand Turk Must see and do

Here is a list of things you must see and do while on Grand Turk. Columbus Landfall National Marine Park – Basically the entire west coast of Grand Turk lies within this park. This area makes for some of the best diving, snorkeling, scuba diving or just swimming in the clear and clean turquoises waters. Governors Beach – A national park with beautiful white …

Island Hopping made easy . . .

“Now that you’ve made it this far as Providenciales, it’s time to step off the rock and explore some of our other amazing islands! Provo is beautiful but it’s certainly not all we have to offer; here paradise comes in many flavors. Travel throughout the Turks and Caicos used to be difficult and time consuming, it’s now possible to take a day or two …

Proposed amendments to Stamp Duty rates

Government proposes amendments to the Stamp Duty Ordinance (“the Ordinance”) that are to come into force on 1 July 2013. The one page Bill proposing the amendments get rid of a 10 percent discount for early payment of stamp duty, and removes the option to pay stamp duty in four installments, which was introduced in 2010, under Section 4 (A) of the Ordinance. The …

Pros of owning a Turks and Caicos condo

Consider this list of pros that you receive by owning a Turks and Caicos condo: The majority of the condo projects are located in the Grace Bay area which makes it easy for access to surrounding shops, restaurants and other stores. In other words, it is located in the centre of activity. You can lock your condo and go away, if you are using …

Fish Fry Turks and Caicos

An article worth sharing. Courtesy of CNN date 22 March 2013 CNN) — Some of the best food on the Turks and Caicos island of Providenciales is served up by small, local vendors — Froggies on Da Beach, Blue Hills Native Cuisine, Uncle Dough’s, Hole in the Wall and Middle Caicos Café are popular options. Visitors to the Caribbean vacation island, however, tend to …

Value Added Tax (VAT)

There has been a long conversation in the Turks and Caicos Islands about Value Added Tax. Today the buzz with the news media is “NO VAT for Turks and Caicos” The Turks and Caicos sun has issued the release as follows “The controversial Valued Added Tax (VAT) will not be introduced in the Turks and Caicos Islands. In a joint letter to Premier Hon. …

Beach time

An article read, and worth sharing titled “Beach time”.  Courtesy of Discover Turks and Caicos. “For those who crave the silken warmth of sand warmed by the tropic sun. you have reached heaven. For those who long to feast your eyes on the achingly turquoise water as it meets and greets the pristine white powder of the beach, ou have found paradise. For visitors …

2M Caicos Causeway contract signed

The interim Government recently signed a contract with Cove Construction to carry out the much needed repair of the Caicos Causeway, connecting North and Middle Caicos, where work is to commence in November of 2012. The contract includes: The reconstruction of the causeway including filling and resurfacing both the bridge and its approaches Improving the barriers that protect the causeway from tides and winds …