Investment That Works For Everyone

The economic landscape in the Turks and Caicos Islands made significant strides following the 2008 financial crash and multiple damaging hurricanes in 2017. Now, it continues to move forward with a new investment policy that's attracting capital flows.

With less than 40,000 inhabitants, the Turks and Caicos Islands (TCI) may be one of the Caribbean's smallest territories, but it certainly punches above its weight. Boasting spectacular coral reefs, luxurious hotels and exotic wildlife, the archipelago has gained a well-deserved reputation among travellers as something of a hidden gem.

However, there is much more to the TCI than just tourism. The financial sector is regaining much of traction it lost during the 2008 financial crash, and other lucrative industries are also on the rise. The TCI has played a crucial role in promoting investment opportunities in the region.

Like many other parts of the world, the TCI was badly damaged by the 2008 global financial crisis. Along with Hurricanes Irma and Maria in 2017, these external factors exposed the islands' 'open arms' investment policy and were a major setback for the TCI economy. In response, the TCI Government has revised its investment policy statement (IPS).

A fresh approach

The revised IPS aims to create a new investment model that will maintain a dynamic, growing economy - one that is better equipped to tackle economic and social challenges, and is more resilient to external shocks. Invest Turks and Caicos Agency (Invest TCI) plays an essential role in this new investment landscape, promoting the islands, generating leads, servicing investors and advocating the government.

To be effective in attracting new investment, the TCI Government is identifying and targeting companies in priority sectors and using relationship management strategies to attract these firms to the islands. The TCI Government is committed to proactively seeking out high-quality corporate investors who otherwise would not have considered the location, and also aims to secure a greater quantity and quality of inward investment projects through relationship building and effective facilitation.

Priority areas

In order for this new investment policy to have the greatest possible impact, the TCI Government has identified several development priorities for the next five years. Strengthening the tourism sector is a major focus area, and investment will be needed if the islands are to provide visitors with the range of...