Commercial Property Development & Tourism

    Misick & Stanbrook partners, Owen Foley and Karen Willis provided the answers for Practical Law’s Q&A on commercial real estate law in the Turks and Caicos Islands.    The Q&A gives an overview of commercial real estate market trends in TCI; investment structures; legislation; title; sale of real estate; due diligence; warranties; real estate tax, including stamp duty/transfer tax; restrictions on foreign ownership; real estate finance; leases; planning law; and reform proposals; and …

After having visited the Turks and Caicos Islands (“TCI”) on vacation, many people fall in love with the beauty and culture of the islands and wish to invest in a piece of real estate, in paradise. Here are a few things to know about real estate transactions in TCI. Land registration The TCI has a Torrens title system and property is bought in accordance with the land register.  The land register serves as conclusive evidence …

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.  …

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 …

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 …

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 …