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beachfront villa TCI

Is the Turks and Caicos Islands- TCI- a good place to buy a vacation/ investment property?

Here is our guide to buying property in Turks and Caicos.

 

  • Political stability- The Turks and Caicos Islands are a constitutional democracy with Queen Elizabeth ll as head of state.

 

 

  • US Dollar is the local currency with a well-regulated banking system with international banks located on the islands.

 

  • English is the official language.

 

  • Taxes- No land/asset-holding, corporate, capital gains, or inheritance taxes; just a one-time ‘Stamp Duty’ on real estate acquisitions and regular import duties.

 

 

  • Vacation rental rates are some of the highest in the Caribbean with the local average price per night of  US$1,000+ and a long season meaning a high occupancy rate for a large part of the year.

 

  • Direct flights from 12 US & Canadian cities including Atlanta, Miami, New York and Toronto. British Airways fly from London with a 1 hour stop in Antigua. US, Canadian and EU citizens do not require visas to visit the islands.

 

  • Natural beauty-  Turks and Caicos is home to the third-largest coral reef on earth. Dolphins are permanent residents and humpback whales are annual visitors. Beaches like Grace Bay and Long Bay are regularly named by international publications as some of the most beautiful beaches in the world.

 

  • Luxury Living- The islands have some very high-end restaurants and are a favorite destination for movie stars, famous musicians and celebrities. Brad Pitt, the Beckhams and Drake are recent visitors. As local part-time resident Keith Richards says, ”it’s a place where I can loosen up and people don’t give a shit who I am.”

 

 

If you would like to find out more about buying property in the Turks and Caicos then contact us below and we will be in touch.

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