Permanent Residence Certificate: By The Investor Route

Have questions about investing in the Turks and Caicos Islands?

The Q and A by Invest TCI's Investment Service Executive, Rochelle Thompson can help.

One of the most frequent questions we are asked by investors is, if there is a permanent residence program for investor. The answer is yes! Our inhouse Legal and Compliance Officer, Oreika Selver outlines the PRC programme:

The PRC Investor Route programme is one that is facilitated by Invest Turks & Caicos Agency. Applications are received and vetted by Invest TCI and then forwarded to the Ministry of Border Control and Immigration for further processing.

It is strictly under the jurisdiction of the Ministry of Border Control & Immigration - and is designed for persons who have Invested One Million USD in the Turks and Caicos Islands in a Home or Business and have no previous convictions. (see Section 13(2)(k) - Immigration Regulations 2016).

The Permanent Residence Certificate or PRC allows the Holder to legally enter and reside in the Turks and Caicos Islands indefinitely. The Holder of a PRC may also endorse his or her spouse and children under the age of 18.

Under separate categories of the Immigration Regulations 2016; an Investor may apply for a PRC if they have invested less than $300,000 in the actual construction, purchase of a home or renovation of a distressed property or not less than $750,000.00 in a business in the islands of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos (see Section 13(2)(f), (g) - Immigration Regulations 2016).

The PRC does not give the holder the right to work. All applications for Investor PRC may be forwarded to Invest Turks & Caicos Agency. For questions on requirements call +1 649-338-4772 or write to us at info@investturksandcaicos.tc.

A major focus of the Turks and Caicos National Investment Policy is to encourage domestic investment. As such, Investment Service Executive, Rochelle Thompson has put together the following FAQs on domestic investment:

Q: Does The Turks and Caicos Islands have a Joint Venture Policy for local residents with foreign investors?

RT: International Investors are encouraged to establish joint ventures with Turks and Caicos Islands partners. The choice of such TCI partnerships is in the absolute discretion of the investor.

Q: What areas of businesses are reserved for Turks and Caicos Islanders?

RT: The Business Licensing Regulations provides a list of business categories that are reserved for Turks and Caicos...