Only 3.5 hours from New York, the Turks and Caicos have been described as the ‘Hamptons of the Caribbean’ due to its popularity with Wall Street financiers and entertainment and sports celebrities. However, the new global trend in business of remote working is attracting interest in these paradise islands as a base for business.
Here are 5 great reasons to work remotely from the Turks and Caicos Islands:
The official currency in Turks and Caicos is the US Dollar. English is the official language.
The islands have a range of well qualified professionals and high quality office space in the town center of Providenciales.
An undersea fiber cable gives Providenciales, Grand Turk, and even some remote areas on the smaller islands reliable, high-speed 4G coverage. Direct flights operate from 12 US and Canadian cities including Miami, New York and Toronto.
Turks and Caicos has a small but mature and sophisticated offshore finance sector with strong connections to global financial hubs.The islands are on the same time zone as the US Eastern Seaboard.
According to Conde Nast Traveler, ‘even by the world-beating standards set by its Caribbean neighbors, the Turks and Caicos really is out on its own when it comes to almost absurdly paradisaical beaches.’
Watersports enthusiasts are spoiled for choice with world class kiteboarding, wake boarding, diving and sport fishing. From November to Easter you can snorkel with humpback whales. Boat trips to stunning deserted island beaches are easily arranged. Dorado- Mahi-Mahi- are just one of the local fish to catch and cook. Some of the best reef diving in the Caribbean is at your door.
Bruce Willis, Prince and many other celebrities have had beach homes in Turks and Caicos over the years and with current part time residents like Donna Karan, Keith Richards and Brad Pitt there are plenty of high end dining options on Providenciales.
SECURE & STABLE
Turks and Caicos is an internally self-governing overseas territory of the United Kingdom.
The island’s have a long history of political stability, a legal system primarily based on English Common Law and a S&P BBB+ Credit Rating making it an attractive location for HNWIs from all over the world.
WHERE TO LIVE
Grace Bay on the main island of Providenciales is the ‘star’ beach, regularly named as one of the best beaches in the world, however other beaches like Long Bay are attractive to high profile visitors looking for privacy and relaxation.
BUY OR RENT?
‘It is better to come here for a short vacation/ visit and see where is right for you, before making any big decisions’ says Gerry Dallas the General Manager of TKCA, one of the island’s premier luxury property rental & management companies.
He says that an increasingly popular option for wealthy individuals is to buy a villa that they and their family and friends can use but which gives a strong rental income the rest of the year.
‘Beachfront Villas start at $1,000 per night and the more lavish properties in our portfolio sell at over $10,000 per night at the height of season. We are seeing a lot of investment in the $5 Million range and with good rental returns these properties are a worthy investment’, adds Gerry.
Yves Boulet is one of the top contractors for luxury developments in the islands and agrees that most buyers want to live there for a few weeks or months a year. ‘We are fortunate to have very wealthy clients who want a truly exceptional beach vacation villa. However, some of them would also like the villa to ‘pay its way’ so to speak.’
The Turks and Caicos is not a cheap place to ‘hang out’ and it doesn’t pretend to be.
However, for anyone looking for an incredibly beautiful Caribbean island to base themselves for a 3 week or 3 month luxury beach escape from the Northern Hemisphere winters, the Turks and Caicos Islands have ‘star quality’.