TURKS AND CAICOS COMPANIES
Turks and Caicos Companies. Turks and Caicos Incorporation. Turks and Caicos Offshore.
KGN Services specializes in Turks and Caicos company incorporation and bank account opening.
Turks and Caicos Companies – Overview
Main advantages of Turks and Caicos incorporation
- Exemption from all local taxes and stamp duty
- No currency control
- Maximum confidentiality and anonymity
- Easy operation, maintenance and control
- Active security
- No information or minimum capital requirement
- The minimum number of shareholders is one
- The minimum number of directors is one
- Company directors and shareholders are permitted
- Excellent and flexible follow-up services after incorporation
- No statutory requirement to hold annual general meetings
Main company legislation
Company Order 1981 as amended.
Type of law
Legislative language and corporate documents
Entity type for international trade, investment and tax planning
Exempt / International Business Company.
Turks and Caicos Company – Key Facts
Standard authorized share capital is US$5,000. Minimum paid-up share capital is US$1.
Available share classes
Registered shares, shares without par value, bearer shares, preference shares, redeemable shares and shares with or without voting rights.
Restrictions on trade
A Turks and Caicos company cannot trade within the Turks and Caicos Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship are not permitted.
Registered domicile required
Every Turks and Caicos company must have a registered agent and registered office in the Turks and Caicos Islands, provided by a licensed service provider.
A Turks and Caicos company requires a minimum of one director. The director may be of any nationality and need not be a resident of the Turks and Caicos Islands. Company directors are allowed.
A Turks and Caicos corporation requires at least one shareholder.
Publicly available records
Nominee shareholders and nominee directors
Location of board and shareholder meetings
Personal presence required
Access to double taxation
Requirements for registration of accounts
Requirement to submit an annual statement
means of payment
The language of the name
Words like “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company”, etc. will require justification.
Name of a company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., SA must be part of the name of any Turks and Caicos company.
Time to incorporate
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Turks and Caicos company formation fees
Turks and Caicos Company Formation Package includes:
- Check company name
- Initial business approval
- Preparation of application documents
- Company registration fee
- Registered office address for 1 year
- Registered agent service for 1 year
- State application fee
- Certificate of Incorporation
- Memorandum & articles of association
- Minutes from the first meeting with the appointment of director(s)
- Share certificate(s)
- Register of shareholders
- Register of directors
Why choose KGN Services?We have been helping business owners since 1996
Our focus is to incorporate your business
We make a complex process quick and easy
We work closely with the company registers to guarantee our service
Fastest offshore companies and accounts – The most competitive rates worldwide
Services related to Turks and Caicos Company Formation
KGN Services provides the following services related to Turks and Caicos Company Formation:
- Turks and Caicos Incorporation
- Registered office and agent services in the Turks and Caicos Islands
- The company’s secretarial service
- Nominated shareholder / Nominated director
- Opening bank accounts
- Full business administration
- Postal address in the Turks and Caicos Islands
- Trademark registration
Turks and Caicos Islands – general information
Location: two archipelagos in the North Atlantic, southeast of the Bahamas, north of Haiti.
Area: total: 948 km2, land: 948 km2, water: 0 km2. …
Natural resources : Lobster, conch.
Population: 52,570 (July 2017 estimate).
Capital: Grand Turk (Cockburn Town).
Time zone: UTC-5.
Language: English (official).
Dependency Status: British Overseas Territory.
Government type: Parliamentary democracy (House of Assembly); self-governing overseas territory of Great Britain.
Legal system : Mixed legal system of American and English common law, common law and local statutes.
International organization participation : Caricom (associate), CDB, Interpol (sub-agency), UPU.
Economy : Turks and Caicos’ economy is based on tourism, offshore financial services and fishing. Most capital goods and food for domestic consumption are imported. The United States is the leading source of tourists, accounting for more than three-quarters of the more than 1 million visitors who arrive annually. Three quarters of the visitors come by ship. Important sources of government revenue also include fees from offshore financial activities and customs receipts.
Currency: US dollar.
KGN Services | Turks and Caicos Company
Tags: Turks and Caicos Offshore
Requirement to submit an annual statement