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Turks & Caicos

The ISO code of Turks & Caicos is TC according to the ISO 3166 standard. The local name of the country is Turks and Caicos Islands. Turks & Caicos capital city is Cockburn Town. People in Turks & Caicos speak the English language. In the year 1680, Turks & Caicos emerged as a sovereign political entity.

Turks & Caicos is located in the UTC -04:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Turks & Caicos is .tc. The International dialing code for Turks & Caicos is 1649. People in Turks & Caicos drive on the left side of the road. Total land area of Turks & Caicos is 430 km² (approx. 166 mi²). Turks & Caicos is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Turks & Caicos

Turks & Caicos is located in North America. Turks & Caicos is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Turks & Caicos faces various issues, including limited natural fresh water resources, private cisterns collect rainwater.

Doing business in Turks & Caicos

We offer various corporate services in Turks & Caicos jurisdiction. These services can serve both, people coming from Turks & Caicos and foreigners. If you plan on doing business in Turks & Caicos you might be interested in contacting us.

To find out about starting your business in Turks & Caicos click on company formation in Turks & Caicos.

To find out how to open a bank account in Turks & Caicos and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Turks & Caicos.

Choose preferred service below or continue reading to find out more about Turks & Caicos.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Turks & Caicos

The total population of Turks & Caicos is 35,963 people. In Turks & Caicos, the population density is 63 people per square kilometer (164 per square mile). Because of this statistic, this country is considered to be sparsely populated. Turks & Caicos has approximately 11356 foreign immigrants. The median age is approximately 31.9 years.

The majority religion of Turks & Caicos is Christianity, Turks & Caicos is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Turks & Caicos.

Culture of Turks & Caicos

People in Turks & Caicos speak the English language. According to data on inbound tourists in Turks & Caicos, 291,000 tourists arrive in the country each year. One of the most popular national dishes of Turks & Caicos is various conch dishes. To read more click on culture of Turks & Caicos.

Geography of Turks & Caicos

Turks & Caicos is considered to be a large nation because of its total area. Its total land area is 430 km² (approx. 166 mi²). Turks & Caicos is located in North America. Its capital city is Cockburn Town. Turks & Caicos has no land borders.

The highest point of Turks & Caicos is Blue Hills, with its official height being 49 m (161 ft). Including land mass and EEZ, the total area of Turks & Caicos is approximately 430 km² (~166 mi²). The most notable natural resources found in Turks & Caicos are spiny lobster, conch.To read more click on geography of Turks & Caicos.

Economy of Turks & Caicos

The currency of the country is United States dollar. The symbol used for this currency is $, and it is abbreviated as USD. 6% of population in the country are unemployed. The total number of unemployed people in Turks & Caicos is 2,158. Each year, Turks & Caicos exports around $0.02 billion and imports roughly $0.59 billion. The Gini Index of the country is 37. Turks & Caicos has a government debt of 24% of the country's Gross Domestic Product (GDP), as assessed in 2014. Turks & Caicos is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, offshore financial services.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Turks & Caicos is $1 billion. The corporate tax in Turks & Caicos is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Turks & Caicos is 0%. To read more click on economy of Turks & Caicos.

Infrastructure of Turks & Caicos

In Turks & Caicos, 90.9% of the population has access to electricity. There are 73,217 internet hosts in Turks & Caicos. Turks & Caicos has 8 airports nationwide.

To read more click on infrastructure of Turks & Caicos.

Politics of Turks & Caicos

Turks & Caicos, is a dependency under constitutional monarchy. The head of the government is Elizabeth II.

In Turks & Caicos, the legislative power is vested in a Legislative Council. To read more click on politics of Turks & Caicos.

Environment of Turks & Caicos

Turks & Caicos emits 6 metric tons per capita of CO2. To read more click on environment of Turks & Caicos.

Company formation in Turks & Caicos

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Turks & Caicos.

When establishing a company in Turks & Caicos, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Turks & Caicos that will affect the establishment and growth of one's business. Contact us or click on company formation in Turks & Caicos to read additional information when setting up a business.

Bank account opening in Turks & Caicos

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Turks & Caicos. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Turks & Caicos, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Turks & Caicos or contact us.