The Turks and Caicos Islands are a British Oversea Territory (BOT) located in the Caribbean. Thanks to its exotic environment, pleasant tax structure, and sound financial system, it is a wealthy island that attracts many Western expats. The Turks and Caicos Islands Permanent Residence Certificate (PRC) is a residence-by-investment program that grants approved applicants permanent residency in the jurisdiction. You may apply for British Oversea Territory Citizenship after five years of living (BOTC). BOTC is a form of British citizenship that allows for visa-free travel within the Schengen region of the European Union and the US. The passport is not the same as the British passport.

There are three choices available in the Turks and Caicos Islands Residency By Investment program. The applicant has the option of investing in a company, a public initiative, or real estate. The money must be held for the duration of the permanent residence (PR). BOTC does not replace PR because it does not guarantee the right to remain in the Turks and Caicos Islands. If you want to stay on the islands after naturalization, you’ll need to keep your PR.
North Americans and Europeans alike love the Tuks and Caicos Islands. The official language is English, and the legal system is based on Common Law.

The most appealing aspect is the tax system’s friendliness. The Turks and Caicos Islands do not levy any personal or corporate income taxes, and VAT is only applied to a few products.

Learn more about the Turks & Caicos PRC:

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