Shovel-Ready Investment Opportunities In The Turks And Caicos Islands

By: Henry Martin, CEO Insight Magazine

The Turks and Caicos Islands (TCI) is a clean, compliant, jurisdiction and one of the globe's stand-out investment prospects for 2018, with an abundance of opportunities offering enticing ROI.

A byword for luxury vacations, on the financial services front, it has also become preeminent in respect of Producer Owned Reinsurance Companies (PORCs), as well as being a go-to jurisdiction for trusts and captive insurance. It is also home to the stand-out Caribbean investment story for 2018: Invest Turks and Caicos' shovel-ready initiative.

Launched mid-October 2017, shovel-ready is a tool for catalysing and improving the marketability of development projects, so that FDI interests across the globe can swiftly identify the most pertinent projects worthy of further analysis. It is focused on quality, not quantity and leverages the high esteem in which the TCI's business-friendly regulatory, legislative and tax landscapes and associated investment incentives, are held.

In a nutshell, the initiative matches buyers and sellers, so presenting buyers, exporters, lucrative investors and industry professionals with investment opportunities they can trust - each of which has been vetted and meets with criteria set by the country's investment agency, Invest Turks and Caicos.

Meanwhile, as Angela Musgrove, Acting CEO at Invest Turks and Caicos, points out, from the perspective of those seeking investment, 'it encourages people that have project concepts, which, for one reason or another, have been stalled, to present those plans to us, so we can present them to the market. These are people who have ideas that are ready, but cannot move forward, primarily due to a lack of financing.'

This Invest Turks and Caicos seal of approval is the means of sorting the wheat from the chaff and a message that, these are not pipe dreams, but pre-qualified projects, perfect for those investors seeking a swift means of evaluating the myriad opportunities in front of them. For the islands meanwhile, it is hoped it will increase the levels of FDI coming in, something brought sharply into focus as the TCI seeks to rebuild following the ravages of Hurricane Irma.

Irma's legacy has impacted shovel-ready to the extent that some of those seeking investment have had to postpone their engagement with the initiative, being compelled, rather, to prioritise putting their private affairs back in order.

Despite this, there has been sufficient interest...