About TCI

Government

TCI is a British Overseas Territory with a system of local self-government with the Queen as its head of state, represented locally by a British- appointed Governor. TCI prides itself on its many years of political stability.

Location

TCI is located a mere 75 minutes by air from Miami, less that 3 hours from Charlotte, North Carolina, three hours from New York and three and a half hours from Boston and is also serviced by direct flights from the USA, the UK, Canada, Jamaica, the Dominican Republic and Haiti.

Doing Business in TCI

• 40% of TCI’s visitors come on business as TCI, despite being the ultimate vacation destination, offers excellent investment incentives, corporate hospitality facilities and business development opportunities.


• TCI’s International (or "Offshore") Financial Services sector continues to grow apace aided by its favorable laws facilitating international business transactions. TCI has no direct taxation on income nor capital for individuals or companies, offers IBCs a 20 year government assurance against taxes, has no wealth nor inheritance taxes and holds no tax treaties with any other country. It operates under a system of modern corporate law backed by qualified professionals.

Legal System

TCI’s legal system is based upon the English Common Law administered through a Magistrates Court, a Supreme Court and a Court of Appeal with a final Right of Appeal to the UK’s Privy Council.

Currency

TCI’s currency is the United States dollar and there are no Foreign Exchange controls.

Financial Services Regulation

TCI’s Financial Services Commission, an independent parastatal body, regulates the licensing and operation of entities and persons engaged in company formation, banking, insurance, limited partnerships and limited life company and trusts activities and, in general, supervises TCI’s financial services activity with the active involvement of a private-sector led Financial Industry Association and a Financial Services Initiative (FSI) entity. Insurance is governed by the Insurance Ordinance 1989-as amended.

Confidentiality

Strict confidential legislation and severe penalties for breaches thereof ensure a high degree of investor privacy.