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The majority of companies registered in the Turks and Caicos Islands are Exempt Companies, doing business outside of the Turks and Caicos.

Turks and Caicos Fees to IncorporateTurks and Caicos Annual Maintenance Fees
Company Formation – £1500Annual Renewals Due 1st January
Provision of Registered Office and Resident Representative – £800Government Fee Renewal – US$350
Government Registration fee – US$150Provision of Registered Office and Resident Representative fee – £800
Government License application fee – US$500Company Secretary – £340
Company Secretary – £340Shareholder & Directors Register Maintenance –  £170
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  • No requirements to file details of shareholders or directors giving high levels of confidentiality
  • No requirement for general shareholder meetings
  • Share Capital may be in any currency
  • The Confidence Relationships Ordinance imposes duty of confidentiality upon banks, professional advisers, government officers and other persons holding positions of trust
  • The official language is English
  • The official currency is the US Dollar
  • Financial records should be kept to reflect the financial position of the company, but financial statements are not required for filing
  • It is not necessary to visit to complete your incorporation
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  • Incorporation of a standard limited liability company usually takes less than 5 days.
  • The capital of the company may be expressed in any currency and there are no minimum capital requirements.
  • The company has full power and authority to carry out any lawful activity.
  • Only one person is required to act as both shareholder and director.
  • No annual return containing financial information or details of Shareholders, Directors and Officers need to be filed.
  • Audits are not required.
  • A moratorium on the levying of any taxes for a period of 20 years automatically applies to every exempt company.
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Once incorporated we provide a set of corporate documents for your Turks and Caicos Islands company which, includes the Certificate of Incorporation, Memorandum of Association the Articles of Association, first minutes and share certificates. Copies of the company incorporation documents are sent via email and the originals from the companies registry are sent to you in a corporate folder.

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An exempt company receives a certificate issued in the name of the Governor which guarantees that the company will be exempt from all forms of taxation, both in respect of its own operations and on the shares of the company, for a period of 20 years from its date of Incorporation.

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A minimum of one director of any nationality or residency is required. No details of directors appear on any public record.

An exempted company need only have one shareholder there are no residency or nationality requirements .There is no detail of shareholders on any public record.

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It is normal to incorporate an exempt company with an authorised share capital of US$5,000, divided into 5,000 common voting shares of $1 each, this being the maximum capital for the minimum duty payable at the time of incorporation.

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The law requires appointing a company secretary and either a natural person or a corporate body can be appointed as the company secretary.

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Your Turks and Caicos Islands company must have a registered office, which must be a physical address in Turks and Caicos Islands. We provide this service when incorporating your company.

  • Provision of Registered Office and Resident Representative
  • Maintenance of statutory records
  • Drafting and preparation of minutes of Annual General Meetings
  • Preparation and filing with the Registrar of Companies of statutory Annual Return
  • Annual Declaration and filing of notices, where Registered Office is being provided, office of Company Secretary, or Assistant Secretary may be provided
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There are no statutory requirements to hold an annual general meeting for companies registered in the Turks & Caicos Islands. Shareholders holding more than 15% of the issued shares are entitled to call a general meeting for the purpose of a special resolution.

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The Turks & Caicos Islands have no income tax, capital gains tax or any other form of corporate taxation.

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