Find Out All About Moving to Turks & Caicos – The 7th Heaven Properties Guide
Have you been thinking about relocating to the Caribbean? Are you longing to spend considerably more time in a warm, sunny, beautiful and laid back island destination? We put together this guide for people considering moving to the Turks & Caicos Islands.
As one of the most prestigious destinations in the Caribbean, moving to Turks & Caicos is a dream for many. But, how can you actually go about making the move?
This guide will walk you through everything you need to know from why to choose Turks & Caicos to how to move and the best places to live.
Relocating – Is Turks & Caicos a Good Place to Live?
Visas & Residency – Can I Move to Turks & Caicos?
Finding a Place to Live in Turks & Caicos – Where are the Best Places to Buy Property?
Find Out More About Moving to Turks & Caicos
It hardly needs saying, but anyone who has ever visited the Turks & Caicos Islands will know how beautiful the archipelago is. Its powdery soft white and pink sand beaches, such as world-famous Grace Bay Beach on the northwestern coast of Providenciales, count among the best in the world. The postcard-perfect views of calm, crystal clear, bright turquoise ocean waters are simply breathtaking.
However, as a place to live, this exquisite island chain has a lot more to offer too. First and foremost, the TCI is politically and economically secure which are major pluses in the eyes of many investors. As a British Overseas Territory with a legal system based on English law and a US Dollar-based economy, the TCI provides stability and familiarity.
In addition, the Turks & Caicos Islands offers a highly attractive tax environment, with no income tax, no capital gains tax, no property tax, no inheritance tax and no corporation tax for residents.
Luxury real estate in the archipelago and amenities such as restaurants and shops are of a high standard, offering the opportunity to enjoy a very high standard of living.
Thanks to consistently high levels of demand at the luxury end of the market, property in the Turks & Caicos Islands also represents a sound investment, with tremendous potential for capital appreciation over time.
All things considered, the Turks & Caicos Islands is, without a doubt, one of the best places to invest and live in the world.
Find out more in our guide to Buying Property in Turks & Caicos.
To move to Turks & Caicos, you will need to apply for for either temporary residency or permanent residency.
Investing in real estate in Turks & Caicos can qualify an individual for temporary residency.
The minimum level of required investment is as follows:
- On the island of Providenciales or West Caicos: $500,000,
- On any other islands in the Turks & Caicos: $250,000.
A temporary annual residence permit costs $1,500 and, unlike a Permanent Residence Certificate, must be renewed every year.
Investing in real estate in the archipelago can also provide a pathway to permanent residency.
In this case, the minimum level of required investment is as follows:
- $1,000,000 in the case of Providenciales,
- $300,000 in the case of other islands.
The following fees are incurred when applying for a Permanent Residence Certificate:
- Submission of Application: $150 (non-refundable),
- Certificate of Undertaking: $1,500 (non-refundable application fee),
- PRC Application: $25,000.
Find Out More About Residency in Turks & Caicos
Find out more in our guide to Residency in Turks & Caicos
Turks & Caicos is an outstandingly beautiful destination and there are numerous fantastic places to live across the archipelago.
Traditionally, the most sought after location is the Grace Bay Beach area on Providenciales, the most populous of the main islands which make up the Turks & Caicos Islands. The area offers some of the best hotels, resorts, restaurants and bars in Turks & Caicos. Buyers will discover graceful apartments and elegant beachfront condos for sale as well as idyllic beach houses offering spectacular beach and sea views as well as access to all kinds of amenities.
While less well known than Grace Bay, several other areas offer equally sensational beaches and high quality real estate. The Long Bay Beach area, for example, is the setting for some beautiful resort residences.
For buyers in search of lavish beachfront homes for sale in Turks & Caicos, take a look at areas such as Chalk Sound and Turtle Tail which offer some of the destination’s most impressive homes for sale.
For boating and yachting lovers those looking to enjoy waterside living, the waterfront homes in the rapidly developing Leeward area (home to Blue Haven Marina) are a great choice.
Individuals looking for a private island experience will love the exclusive homes at the prestigious private island resort of Parrot Cay and the understated luxury of the beach houses on barefoot chic Pine Cay.
For buyers planning on truly get away from it all, the quieter and less populated islands such as South Caicos, Middle Caicos and West Caicos, offer a tranquil and laid back island feel with gorgeous views to rival Grace Bay.
Find out more: Buying a condo in Turks & Caicos
Would you like to find out more about moving to Turks & Caicos? Would you like to browse property for sale which would qualify you for either temporary or permanent residency in this highly exclusive destination?
We would be delighted to help. Explore Turks & Caicos real estate on our website.
Alternatively, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist, to begin your property search and to discuss your options in more detail.