Investment property: Turks and Caicos Islands
The Turks and Caicos Islands are one of the most expensive resort markets in the Caribbean.
Foreigners buy property freehold without restrictions, payments are in US dollars, and the islands have no tax on rental income, capital gains or inheritance. The main market is Providenciales with Grace Bay beach, where villas and resort condos are concentrated. The main tax for the buyer is stamp duty on the deal.
Stamp duty on Providenciales
| Property price | Rate |
|---|---|
| up to $25,000 | 0% |
| $25,000 to $250,000 | 6.5% |
| $250,000 to $500,000 | 8% |
| above $500,000 | 10% |
The rate applies to the whole price, not just the portion above the threshold, so a $510,000 property costs noticeably more than a $495,000 one. Rates are lower on other islands. The buyer usually pays stamp duty, plus the lawyer and land registry registration.
Where people buy
The most expensive properties are on Providenciales by Grace Bay and neighbouring bays, where resort complexes and restaurants are concentrated. Quieter and cheaper options are on North and Middle Caicos and Grand Turk, with less infrastructure but also a lower residence threshold. The choice of island affects the price, the stamp duty and the rental yield.
Buying and permanent residence
| Route | Condition | Fee |
|---|---|---|
| A home on Providenciales or a business | investment from $1,000,000 | $25,000 |
| A home on the smaller islands with the Governor's undertaking | from $300,000 on Grand Turk, Salt Cay, South, Middle or North Caicos | $25,000 |
A permanent residence certificate gives the right to live on the islands. The application needs a police certificate no older than six months, a medical certificate and two character references, and a further $150 is paid for filing the application.
How a purchase works
- Choice of property: a villa, a resort condo, a building plot.
- Sale agreement and a deposit, usually about 10%, paid to the lawyer's account.
- Title check in the land registry, encumbrances and the complex's rules.
- Payment of the balance and stamp duty, registration of transfer.
- If needed, an application for permanent residence.
A deal for a completed property usually takes one to three months.
Building on a plot
If you buy a plot, construction requires planning permission and compliance with building codes designed for hurricanes. We agree the permission, design and contractor before buying the plot so that construction cost and timing hold no surprises.
Letting
Many owners let villas and condos to tourists through resort management companies. This requires a business licence, and an accommodation tax is charged on tourist stays, usually remitted by the management company. There is no tax on rental income on the islands, but the income is taxed in the owner's country of residence.
Risks to know about
- Hurricanes: construction, insurance and its cost matter.
- High upkeep, security and management costs in resort complexes.
- A high entry price: stamp duty up to 10% and expensive beachfront properties.
- A small market: reselling expensive villas can take time.
What we do
Murblz specialists select a property for your goal, check title and the complex's rules, calculate stamp duty and running costs, support the deal with a local lawyer and registration, open an account with an island bank and handle the permanent residence application. We fix the estimate in writing.
What we do
- Property shortlist for your investment goal
- Legal due diligence on the property
- End-to-end transaction support
- Ownership structuring (company, trust)
- Property management and letting
See also
Company formation · Business account · Personal account
FAQ
Can a foreigner buy property in the Turks and Caicos Islands?
What stamp duty applies on purchase?
Does buying property give residence?
Is rental income taxed?
How long does a purchase take?
Where on the islands is property cheaper?
How much does deal support cost?
Which Turks and Caicos property should you choose?
We shortlist a villa or apartment on Providenciales for your own use or letting, check the seller and title and close the deal. Every country is in the searchable catalogue.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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