Turks and Caicos Islands

Turks and Caicos Islands - Common law
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Turks and Caicos Islands taxes

If want to incorporate in Turks and Caicos Islands, you have to know about taxation for an Exempt Company which is the most common legal entity in Turks and Caicos Islands.

An Exempt Company in Turks and Caicos Islands is entitled to do business outside the country and may have restrictions to trade or own real estate properties within the territory and to undertake financial services business. An Exempt Company is exempted from all forms of taxation for a period of twenty years. Therefore income accrued outside the country, from our research, and this is not personal tax advice, is tax-exempt. An annual license fee of US$ 300 may apply. This ranks Turks and Caicos Islands as 1st overall in terms of corporate tax rate worldwide.

An Exempt Company may be formed by one or more shareholders and shares may be issued in bearer or registered form. A minimum of one director may be required and corporate directors may be allowed. It may not be required to maintain a public register of Shareholders, Directors and Officers, may not be needed to file annual return containing financial information or details of Shareholders, Directors and Officers and audits may be not required. It may be mandatory to file an annual short statement indicating that its operations have been outside the country and that the company has complied with various statutory requirements.

Dividends received or paid by an Exempt Company are tax-exempt. A dividend is a distribution of a portion of a company profit, decided by the board of directors, to shareholders. Dividends can be either stock, cash, or property. Capital Gains accrued outside Turks & Caicos Islands are tax exempted. A capital gains tax is levied on the profits that a corporation or natural person realizes when they sell sells a capital asset for a price that is higher than the purchase price.

A Turks and Caicos Islands' Exempt Company is not subject to withholding tax on its payments of dividends, royalties, interests and any kind of fees to non-residents.

The value added tax (VAT) rate in Turks and Caicos Islands is 11.00%, which ranks Turks and Caicos Islands as 61st when compared to value added tax rate worldwide.
The above is not tax or legal advice for your company's circumstances. Incorporations.io can refer you to an expert in Turks and Caicos Islands who can properly advise you. Contact us today. Click incorporate now if you are in a hurry, or press the free consultation button above.

It takes approximately - hours to file and prepare documents for a Turks and Caicos Islands Common law.
The corporate tax is approximately 0% which is 1 in the world.

Owners of a company in Turks and Caicos Islands are not allowed to carry back a loss .

The vat rate in Turks and Caicos Islands is 11% which ranks 60 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
0Tax treaties
0%Offshore Tax
0%Corp rate
-Loss carryback years
-Corporate time
11%VAT rate
0%Capital gains
2017AEOI planned

Read this to learn about incorporating a company in
Turks and Caicos Islands

We can help you form a company in Turks and Caicos Islands. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Turks and Caicos Islands, which is required by law.

Turks and Caicos Islands Tax Treaties

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Country Info

National Flag of
Turks and Caicos Islands (eng)
Area Code
Cockburn Town
Native Languages