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Frequently Asked Questions About Turks & Caicos Islands
Turks and Caicos is a series of tropical islands and cays in the Caribbean. The islands are an excellent vacation destination for families, honeymooners, or those simply wishing for a unique getaway, and offer incredible investment.
The Turks and Caicos Islands are situated in the West Indies in the Atlantic Ocean. The two island groups that comprise the Turks and Caicos lie southeast of the Bahamas.
While the Turks and Caicos Islands are geographically part of the Bahamas, there are many notable differences between Turks and Caicos and the Bahamas as well as other popular Caribbean destinations. The Turks and Caicos Islands offer significant benefits to visitors and investors alike that are not available on other islands.
Here are 5 reasons why the Turks and Caicos Islands are different than other Caribbean islands. Read More
The overall population of Turks and Caicos has almost doubled in the last 10 years to 47,754 people in 2013. Turks and Caicos has a 2.87% calculated growth rate.
The Turks and Caicos Islands are home to roughly 15,000 natives colloquially known as “Belongers.” The remaining population is made up of expatriates who have established residency or work in the islands. Read More
The official language in Turks and Caicos is English. Other major languages spoken in the islands include Spanish, French, and Italian.
An English-based creole language, known as Turks and Caicos Creole, is also commonly spoken by a majority of the popular. It is similar to other Caribbean creole languages, especially Bahamian Creole. This particular style of creole is based on English vocabulary but employs African grammar. Read More
Unlike other islands in the Caribbean, the Turks and Caicos island chain is not as susceptible to hurricanes. Serious hurricanes are rare in TCI, but they have been known to hit one or more of the islands as there is no place in the world immune to Mother Nature. Even when hurricanes don’t make it to shore, the season does experience more rainfall.
Provo is the local name for the island of Providenciales in Turks and Caicos. Located in the North Atlantic Ocean, Providenciales is the main island and has attracted 90% of the foreign investment to date but we are starting to see our outlying island like North Caicos and Grand Turk emerge on the radar of foreign investors.
Provo has the largest population of all the islands and is third largest in area (38 square miles).
Many sources cite Grace Bay as being 7 or 12 miles long (19 km), yet in reality it’s only a little over three miles long (4.8 km). On its east side, Grace Bay Beach continues as Leeward Beach, and on the west end as the Bight Beach.
It’s possible to walk the entire 7 miles (11.2 km) from Leeward Going Through Point (also known as Emerald Point) near Little Water Cay, to Turtle Cove Marina and Smith’s Reef.
Club Med Turkoise, situated on Grace Bay, was opened in 1984 and sparked a development boom in Provo. It was the island’s first major hotel and resort complex, and spurred the evolution of Provo and Grace Bay as a tourist destination.
If you’re looking to swim, look no further! Surrounded by pristine and tranquil turquoise waters and exquisite coral reefs, the islands of Turks and Caicos offer many beautiful swimming opportunities.
The water in Turks and Caicos is warm year-round offering a comfortable swimming experience. Read More
If snorkeling, shopping or swimming isn’t on your agenda when you come to the Turks and Caicos Islands, never fear! Golfing is available year-round at several locations for your convenience.
The Royal Turks and Caicos Golf Club located in Providenciales has been called “the jewel in the Turks and Caicos’ crown,” and it’s easy to see why. Read More
The Turks and Caicos Islands are very accommodating for boating enthusiasts. If you’re interested in simply renting a boat for a day trip or excursion to a nearby island or cay, there are several rental and water tour companies.
If you own your own boat and are interested in bringing it with you and storing it in Turks and Caicos, there are many options available:
Frequently Asked Questions About Turks & Caicos Properties
TCI real estate is in big demand, and there are good reasons why. For investors, it’s a smart business decision. Turks and Caicos is a tax neutral jurisdiction, meaning there are no income, estate or inheritance, capital gains, corporate, foreign exchange or annual property taxes. There is only a one-time land transfer tax.
Turks and Caicos has no annual property tax on the ownership of real estate, although owners will need to pay a one-time transfer tax (Stamp Duty), which applies to anyone purchasing property.
There are no restrictions on foreign ownership of property in the Turks and Caicos Islands. The buying process is simple and easy.
Buying furniture in Turks and Caicos isn’t as difficult as you might think. There are several interior design firms and home furnishing stores on the islands to choose from, providing everything from island tones to modern designs.