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ARTICLE · 04 OCTOBER 2013

TCI Reintroduces Investment-Based Permanent Residency

The Turks and Caicos Islands has just enacted a revamped investor residency programme, entitling successful applicants to a permanent residence certificate.

Turks and Caicos IslandsWealth Management
Owen Foley
Owen Foley

Exciting New Inward Investment Scheme

The Turks and Caicos Islands (TCI) has just enacted a revamped investor residency programme, entitling successful applicants to a permanent residence certificate (PRC).

Qualifying criteria

The qualifying criteria are:-

Villas

a. Investment of not less than $300,000 in actual construction of a new home, or in renovation of a distressed property as a home for the applicant and his or her dependants, on the islands of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos; or

b. Investment of not less than $1,000,000 in actual construction of a new home or renovation of a distressed property as a home for the applicant and his or her dependants in any of the other islands.

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