Valsen Corporate

Turks and Caicos Islands Exempt Company

  • Turks and Caicos Islands Exempt Company Turks and Caicos offshore companies and business entities offer a suite of other advantages including full exemption from many taxes. As such, Turks and Caicos offshore companies are exempt from tax on capital gain, income tax on corporate tax on profits, estate tax, gift tax, death tax and transfer tax. These tax exemptions are applicable to offshore companies as well as to shareholders. Turks and Caicos offshore banks, offshore trusts and offshore insurance companies are beneficiaries to the same exemptions but are all required to operate in accordance with the rules established by their respective governing laws and meet varying capital and licensing requirements.

    Key Features

    Turks and Caicos Exempt Company

    Corporate Details

    General

    ·         Type of Entity

    Exempt Company

    ·         Registered Office in Turks and Caicos

    Yes

    ·         Shelf company availability

    Yes

    ·         Corporate Taxation

    		 None
    ·         Access to Double Taxation Treaties No

    Share capital or equivalent

    ·         Standard currency

    US Dollar

    ·         Permitted currencies

    Any

    ·         Minimum paid up

    US$1.

    ·         Usual authorized

    USD 5,000
    ·         Bearer shares allowed

    Yes

    ·         No par value shares allowed

    Yes

    Directors

    ·         Minimum number

    One

    ·         Local required

    No

    ·         Publicly accessible records

    No

    ·         Location of meetings

    Anywhere

    ·         Corporate directorship allowed

    Yes

    Shareholders

    ·         Minimum number

    One

    ·         Publicly accessible records

    No

    ·         Corporate shareholder allowed

    Yes

    ·         Location of meetings

    Anywhere

    Company Secretary

    ·         Required

    Yes

    ·         Local or qualified

    Yes

    Accounts

    ·         Requirements to prepare

    Yes

    ·         Audit requirements

    No

    ·         Requirements to file accounts

    No

    ·         Publicly accessible accounts

    No

    Other

    ·         Requirement to file annual return

    No

    ·         Migration of domicile permitted

    Yes
    Due Diligence Requirements

    Individual Shareholders/ Directors

    Corporate Shareholders/ Directors
    1. Certified Passport Copy
    1. Certified copy of certificate of incorporation
    1. Certified proof of address
    1. Certified copy memorandum and articles of association
    1. Summary CV
    1. Register of members
    1. Certified copy of Bank reference
    1. Register of directors
    1. Professional reference
    1. Certificate of good standing
     Advantages
    1. Exemption from all local taxes and stamp duty
    2. No exchange controls
    3. Maximum confidentiality and anonymity
    4. Ease of operation, maintenance and control
    5. Asset security
    6. No disclosure or minimum capital requirements
    7. The minimum number of shareholders is one
    8. The minimum number of directors is one
    9. Corporate directors and shareholders are permitted
    10. Excellent and flexible post-incorporation follow-up services
    11. No statutory requirement to hold annual general meetings
    12. Principal Corporate Legislation
    The Valsen Advantage
    • Speedy, Efficient and consistent Services.
    • Relentless effort to obtain bank accounts.
    • Expert advice on structuring options.
    • Dedicated ongoing compliance support.