6 Reasons to Remote Work from the Turks and Caicos Islands:
Business Friendly
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.
Connections
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 have a small but mature and sophisticated offshore finance sector with strong connections to global financial hubs. The islands are in the same time zone as the US Eastern Seaboard.
Lifestyle
According to Conde Nast Traveler, ‘even by the world-beating standards set by its Caribbean neighbors, the Turks and Caicos Islands really are out on their own when it comes to almost absurdly paradisaical beaches.’
Watersports enthusiasts are spoiled for choice with world-class kiteboarding, wakeboarding, 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 in Providenciales.
Secure & Stable
Turks and Caicos is an overseas territory of the United Kingdom that governs itself internally. The islands boast a long history of political stability and a legal system primarily influenced by English Common Law. Moreover, with a credit rating of S&P BBB+, the location is highly attractive to high-net-worth individuals (HNWIs) from different parts of the world.
Where to Live
Grace Bay on Providenciales’ main island is the world-renowned ‘star’ beach. However, high-profile visitors seeking privacy and relaxation also enjoy other beaches, such as Long Bay.
Buy or Rent?
Gerry Dallas, the General Manager of TKCA, a renowned luxury property rental and management company on the island, suggests that it is advisable to take a short vacation or visit the place to decide if it is suitable before making any significant decisions. He further highlights the growing trend among affluent individuals to purchase a villa that can be used by them and their family and friends for some time in the year and generates substantial rental income for the rest of the period. According to Gerry, the starting price for beachfront villas is $1,000 per night, with some extravagant properties in their portfolio selling for over $10,000 a night during peak season. He also mentions that there is a considerable investment in the $5 million range, and with profitable rental returns, these properties prove to be a valuable investment.
Yves Boulet, a top luxury property developer in the islands, agrees that most buyers prefer to use the property for a few weeks or months in a year. He believes that they are fortunate to have wealthy clients who want a genuinely exceptional beach vacation villa. However, some of them also want the villa to generate revenue when not in use.
IN BRIEF:
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 on for an extended stay luxury beach escape from the Northern Hemisphere winters, the Turks and Caicos Islands have ‘star quality.’
