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Turks & Caicos
Jurisdictions

Location
Caribbean
Area
430 sq. km.
Population

19,956

Capital
Cockburn Town
Language
English
Currency
US Dollar
Legal system
based on Common Law
Type of company

Exempted Company

Minimum authorised share capital

not fixed, standard USD 5,000

Paid capital
not fixed
Minimum number of shareholders
one, individual or corporate
Minimum number of directors
one, individual or corporate
Nominee services
available
Bearer shares

available

Public disclosure of beneficial owners
no
Taxation

annual government fee of USD 300

Submit annual return and accounts
no
Annual audit

not required

Shelf companies
available
Time to supply documents
shelf companies – 1 hour, tailor made – 1 weeks
Need to travel
no
Additional information

Hague Convention of 1961 applies, no tax agreements

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

read more >>

Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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G.S.L. Law & Consulting