Salt Services
The Turks & Caicos Islands Companies Ordinance 1981 heralded a new
era of offshore company formations with procedures and benefits that have
been copied by many other jurisdictions. Highly flexible legislation and
no tax on wealth, capital gains, gifts or inheritance has enhanced the
tax efficient base offered. The legal system is based on English Common
Law with local statutes known as Ordinances.
Britain is responsible for defence of the island and foreign affairs and a Governor is appointed by Her Majesty the Queen. Local legislation regulates company incorporations under the control of the Financial Services Commission.
Benefits of TCI Companies
• •Incorporation procedures normally completed in two to five
• •working days.
• •A minimum of one shareholder and one director who can be the same
• •person or corporate body.
• •Normal authorised share capital $50,000 but only one $1.00 share
• •need be issued.
• •Share capital can be in any currency.
• •No public disclosure of director(s) or shareholder(s). Both the
• •Companies Ordinance and the Confidential Relationships Ordinance
• •make it a criminal offence, punishable by a fine of $50,000 and up to
• •three years in prison, for anyone to disclose confidential information
• •relating to a TCI company.
• •No corporation tax or stamp duty, guaranteed for 20 years.
• •No taxes on wealth, capital gains, gifts or inheritance.
• •No requirement for directors to file accounts.
• •Meetings can be held anywhere in the world.
Click here for TCI Fees (shown in $US)
Britain is responsible for defence of the island and foreign affairs and a Governor is appointed by Her Majesty the Queen. Local legislation regulates company incorporations under the control of the Financial Services Commission.
Benefits of TCI Companies
• •Incorporation procedures normally completed in two to five
• •working days.
• •A minimum of one shareholder and one director who can be the same
• •person or corporate body.
• •Normal authorised share capital $50,000 but only one $1.00 share
• •need be issued.
• •Share capital can be in any currency.
• •No public disclosure of director(s) or shareholder(s). Both the
• •Companies Ordinance and the Confidential Relationships Ordinance
• •make it a criminal offence, punishable by a fine of $50,000 and up to
• •three years in prison, for anyone to disclose confidential information
• •relating to a TCI company.
• •No corporation tax or stamp duty, guaranteed for 20 years.
• •No taxes on wealth, capital gains, gifts or inheritance.
• •No requirement for directors to file accounts.
• •Meetings can be held anywhere in the world.
Click here for TCI Fees (shown in $US)
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