19 Feb 2019

TCI INTRODUCES NEW SERVICE CHARGE REGIME FOR HOTELS AND RESTAURANTS

Client update TCI INTRODUCES NEW SERVICE CHARGE REGIME FOR HOTELS AND RESTAURANTS Who should read this? Owners and operators of TCI hotels, villas rented on a short-term basis and restaurants, and their staff. Why should I read it? Because the TCI Government has introduced a whole new service charge regime, and if you don’t comply with it, there will be trouble ahead. When does this come into effect? 8th February 2019. Who does this apply …

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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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28 Aug 2014

LEGAL GUIDE TO BUYING PROPERTY

Introduction This is a simplified guide to the process of buying a property in the Turks and Caicos Islands. While all reasonable endeavors are taken to ensure that it is correct at the time of print it does not purport to be an exhaustive analysis of the relevant laws as may be applicable to you. We trust that it will; however, provide you with sufficient background information on the law in the Turks and Caicos …

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8 Apr 2014

KAREN WILLIS – CALLED TO THE BAR

Misick & Stanbrook are delighted to announce that Karen Willis was called to the Turks & Caicos Bar in March 2014 before CJ Goldsbrough – Chief Justice, and welcome her as the newest member of the Misick & Stanbrook team of attorneys. Prior to being called, Karen worked closely under the guidance of Owen Foley to complete her pupillage, and has been actively involved in the negotiation of a development agreement for a Latin American …

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12 Nov 2013

FRACTIONAL OWNERSHIP COMES TO TCI

Condominium and villa investors will have a more affordable, flexible and attractive opportunity to invest in the Turks and Caicos Islands’ (TCI) real estate following the enactment of the Fractional Ownership Ordinance. The Ordinance has not yet come into force but shall do so once a notice has been published in the Gazette, to this effect. The Ordinance allows investors to buy a fractional interest, akin to schemes elsewhere in North America, in a property …

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