public
Offshore
Turks and Caicos Islands
As a UK overseas territory, Turks and Caicos uses a British common law legal framework and is tax neutral, with no income or corporate taxes. Incorporation can be achieved within two days, and an insurance license can normally be obtained within 10 business days for well-prepared applications. Both pure captives and producer-owned reinsurance companies (PORCs) are welcomed.
Quick Facts
Jurisdiction
Offshore
Legislation
FSC Licensing Committee framework
Tax Environment
No local sales, income, or corporation taxes
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Requirement | Varies by amount of capitalization and application queries |
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Regulatory Framework
FSC Licensing Committee framework
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Tax Environment
No local sales, income, or corporation taxes
Considering Turks and Caicos Islands for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Turks and Caicos Islands is the right fit.