7 May 2020

COVID-19 UPDATE # 4

After six weeks of a total  lockdown  the Islands have started to  reopen  again  with a phased and  gradual reopening of  certain  businesses.  Commencing  this week on  4th May  the  hardware shops  and all food shops were  permitted to  reopen and the  day time  curfew was lifted. On  Monday 11th  May  some Government offices will begin to reopen  for critical services to the general public, although  continued  use of  online  services are encouraged where  possible.  …

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3 Apr 2020

TCI ECONOMIC STIMULUS PACKAGE – COVID-19

The Turks and Caicos Government, in response to COVID-19, have enacted an economic stimulus package, which will benefit you, our clients. The package seeks to lessen the impact of the global crisis on residents and to assist in stimulating and reigniting the TCI’s economy. We have now received full details of the stimulus package that has been enacted and we provide an overview below. 1. As relates to real estate i. Customs exemption on construction …

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3 Apr 2020

COVID-19 UPDATE # 3

We have now completed our first week of the lock down imposed by the Turks and Caicos Government.  The Government and the Governor have been providing regular updates and it appears as though there has been widespread support for the measures and compliance with the regulations.  This is encouraging and equally important is the fact that the number of positive cases of the Covid-19 has stabilized at 5.  There are a number of suspected cases …

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25 Mar 2020

COVID-19 Update #2

In light of the continuing acceleration of COVID-19 and to safeguard the Turks and Caicos Islands, the Government has declared that as of Saturday 28th March until midnight on 15th April, a 24 hour curfew will be put in place. This will have an overall impact on the day-to-day workings in our Islands.   Our office at Richmond House will be closed.  However, during this period, all members of the Misick & Stanbrook team will …

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20 Mar 2020

Coronavirus (COVID-19) Update

We hope this email finds you, your team and your loved ones safe and in good health in the face of the World Health Organization’s declaration of COVID-19 to be a Global pandemic. Although we have no reported or confirmed cases in the Turks and Caicos Islands of the virus as of today, we are actively preparing for a possible change in our normal operating procedure should that become necessary.  If this happens, our people will …

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24 Oct 2019

Redomiciliation/Continuation of a TCI company in an overseas jurisdiction

Please click here to read Misick & Stanbrook’s overview and guide in respect of the redomiciliation of a Turks and Caicos Islands company to an overseas jurisdiction.

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31 Jul 2019

Commercial real estate in Turks and Caicos Islands

By Owen Foley and Karen Willis Misick & Stanbrook partners, Owen Foley and Karen Willis, have co-authored the commercial real estate in Turks and Caicos Islands: overview published by Thomson Reuters Practical Law. The article provides an overview of corporate real estate market trends; investment structures; legislation; title; sale of real estate; due diligence; warranties; real estate tax, restrictions on foreign ownership; real estate finance; leases and planning law. Please Click Here for article. https://uk.practicallaw.thomsonreuters.com/1-623-5718 This note …

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18 Jul 2019

Doing Business In… 2019

By Owen Foley and Karen Willis An introduction and overview of doing business in the Turks & Caicos Islands; covering corporate structures, employment and IP. Please Click Here for PDF file or Click Here for website link to article. This note is for guidance purposes only and should not be relied on as legal advice in any specific case.  If you have specific questions about your circumstances, please contact your Misick & Stanbrook professional.

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25 Mar 2019

Immigration laws of the Turks and Caicos Islands

By Gordon W. Kerr & Marsha Blanche  Whether you are a visitor to or wish to reside more permanently in the Turks and Caicos Islands (“TCIs”) you will be required to comply with the relevant statutes governing immigration and status. The two laws (Ordinances) that are applicable are the Immigration Ordinance 2015 and (for those that qualify) the Turks and Caicos Islander Status Ordinance 2015. With the exception of persons travelling from countries that require …

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19 Jan 2019

New “Economic Substance” legislation to have significant effect on TCI entities

What’s this all about? The European Union (“EU”) has long been concerned at loss of tax revenue to its member states through the use of companies and other entities in low or zero-tax jurisdictions that occurs by enabling profits to be shifted to the low tax jurisdiction, from the EU member state in which they were generated.  As a result of this, the EU believes that its member states are losing very significant tax revenue.  …

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