Owning an exempt company in Turks & Caicos

Corporate Acts

The Companies Ordinance 1981

The Companies (Amendment) Ordinance 1989

The Company (Amendment) Act No. 2 1992

The Trusts Ordinance 1990
A Company incorporated in the Turks and Caicos Islands has all the powers of a natural person.

It takes two days to incorporate a company in this country.

Turks & Caicos Islands Exempt Companies

Common or Civil Law	Common
Disclosure of Beneficial Owner	No
Migration of Domicile Permitted	Yes
Tax on Offshore Profits	Nil
Minimum Number of Directors	One
Minimum Number of Shareholders	One
Bearer Shares Allowed	Yes
Corporate Directors Permitted	Yes
Company Secretary Required	Yes
Standard Authorised Share Capital	US$ 5,000
Registered Office/Agent	Yes
Company Secretary	Not reqd.
Local Directors	Not reqd.
Local Meetings	Not reqd.
Government Register of Directors	Not reqd.
Government Register of Shareholders	Not reqd.
Annual Return	Yes
Submit Accounts	Not reqd.
Minimum Annual Tax/Licence Fee	US$ 300

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