ARTICLE · 26 FEBRUARY 1999
Companies
Turks and Caicos IslandsTax
TCI's emergence as an important corporate domicile dates from the enactment of the Companies Ordinance 1981. The legislation, regarded as highly innovative, has since been much duplicated by other jurisdictions. It remains the keystone of TCI's financial services legislation and continues to be improved upon to meet the changing demands of the international business community.
THE LAW
The Ordinance provides for the registration in TCI of Ordinary Companies, Exempted Companies (IBCs), Foreign Companies and Limited Life Companies. (see "Limited Life Companies")
The TCI company is an extremely flexible vehicle and incorporators are unrestricted in defining capital structure and the rights and liabilities of members.
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