Investing in the Turks and Caicos
As an English speaking, British Overseas Territory, with the US Dollar as its currency, Turks and Caicos has quickly become a favorite with investors from all over the world. The Turks and Caicos Islands is highly accessible at just over an hour from Miami and is a luxury destination with some of the most stunning private villas and most prestigious resorts in the Caribbean. There is an excellent income potential for homeowners with a rapidly growing tourism and private sector. The Turks and Caicos Islands has miles of stunning white sandy beaches with unparalleled luxury beachfront properties or land available for development.
There are no restrictions on foreign investors purchasing property in Turks and Caicos, and property can be purchased and held by both individuals and corporations without a license being necessary or approval from the Government. A business license will be required if short term rentals is your objective, and we can assist with this. We can introduce you to a friendly, helpful, and knowledgeable real estate agent to assist you in your property search.
Stamp Duty and legal fees are one-time fees that are paid by the purchaser on closing of the purchase transaction. Rates vary depending on the island and amount of the agreed purchase price.
Please contact us for more information in this regard. Mortgage application fees due to a lender or broker for arranging financing will also be payable if financing is involved.