Turks and Caicos Islands Exempt Company
Key Features
Turks and Caicos Exempt Company |
Corporate Details |
General |
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· 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 |
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· Minimum number |
One |
· Local required |
No |
· Publicly accessible records |
No |
· Location of meetings |
Anywhere |
· Corporate directorship allowed |
Yes |
Shareholders |
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· Minimum number |
One |
· Publicly accessible records |
No |
· Corporate shareholder allowed |
Yes |
· Location of meetings |
Anywhere |
Company Secretary |
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· Required |
Yes |
· Local or qualified |
Yes |
Accounts |
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· Requirements to prepare |
Yes |
· Audit requirements |
No |
· Requirements to file accounts |
No |
· Publicly accessible accounts |
No |
Other |
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· Requirement to file annual return |
No |
· Migration of domicile permitted |
Yes |
Individual Shareholders/ Directors |
Corporate Shareholders/ Directors |
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- Exemption from all local taxes and stamp duty
- No exchange controls
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- The minimum number of shareholders is one
- The minimum number of directors is one
- Corporate directors and shareholders are permitted
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
- Principal Corporate Legislation
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.