Located in the Atlantic Ocean southeast of the Bahamas, the Turks and Caicos Islands are a small archipelago shaped by its position between the open ocean and the Caicos Bank.

Providenciales, just two hours from Miami, is home to world-renowned beaches and a relaxed yet refined Caribbean atmosphere. On its southern shores, along Long Bay Beach, South Bank overlooks the clear turquoise waters that distinguish this remarkable destination.

Located on Grand Turk Island, the capital is Cockburn Town. Of the nine inhabited islands in Turks and Caicos, the island Providenciales, also known as Provo, has a majority of the population and resorts.

Estimated at 40,000 for all of Turks and Caicos, with around 25,000 residing on Providenciales.

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During the summer months, Turks and Caicos Islands practices Daylight Savings Time (DST) and is in the same time zone as the eastern United States.

Thanks to trade winds, Turks and Caicos enjoys a tropical climate with pleasant temperatures year-round. December, January, and February are the coolest months, with an average high temperature of 81°F (27°C). July, August, and September are the warmest months, with an average high temperature of 89°F (32°C). Water temperatures average around 80°F (27°C).

For periods of less than 90 days, U.S. citizens do not need visas to enter Turks and Caicos Islands as tourists. All that is required is a valid passport and a return ticket.

The U.S. dollar is the official currency of Turks and Caicos. There are three primary local banks: FirstCaribbean International Bank (CIBC), Royal Bank of Canada (RBC), and Scotia Bank. Most types of credit cards are accepted and banks offer ATMs as well as cash advances on credit cards. The financial services industry is regulated by the independent, statutory Financial Services Commission (FSC).

There is no income tax, capital gains tax, or property tax in Turks and Caicos. The government income relies primarily on hospitality tax, stamp duty on real property sales (transfer tax), import duties, and work permits.

The Turks and Caicos Islands economy is based on tourism, offshore financial services, and fishing, with conch and lobster being the most popular.

For information on the form and structure of government, visit: https://www.gov.tc/government

Electricity is provided by FortisTCI Limited

Water is provided by Provo Water, a centralized desalination plant. Water in Providenciales is safe to drink and service is reliable.
https://www.provowater.com/

Cellular, TV, and internet is of high quality and provided by Digicel and Flow
https://www.digicelgroup.com/
https://discoverflow.co/turks-and-caicos/

The purchase of a homesite on Providenciales is subject to a one-time stamp duty tax payable by the purchaser, which is 10% of the land value (applicable for Lagoon or Ocean Estate Villas). The purchase of a Boathouse or an Arc Sky Villa is subject to stamp duty payable on the overall purchase value.

While it is a simple process, we recommend that the purchasers retain local legal counsel to support them. We can provide recommendations upon request.