General

NEW TOURISM REGULATORY REGIME IN TCI Owen Foley (partner) and Savannah Sottak (intern), Misick & Stanbrook Introduction Tourism and its ancillary activities dominate the Turks and Caicos Islands (TCI) economy, and the luxury tourism sector, in which TCI is a regional leader, and its byproduct construction, have been the main engines of the huge growth in TCI’s economy in recent years. Rather oddly in a country that is increasingly fond of regulation, the tourism industry …

Somerset Resort Management Company Ltd v. The Attorney General – Mag Ref 1/22 Misick & Stanbrook can confirm that judgement in the above case was handed down on December 21, 2023.  This case related to the imposition of retrospective accommodation tax and penalties by the Revenue Department of the Turks and Caicos Government on owners and other complimentary guests of the hotel who had not paid for their accommodation.  A copy of the full judgment …

Introduction  The Turks and Caicos Islands (TCI) are a British Overseas Territory situated to the south of the Bahamas approximately 500 miles southeast of Miami, Florida. TCI has demonstrated significant corporate and financial law stability over many decades and continues to do so. This is partially due to TCI having a stable and strong government benefiting from TCI law being based upon English common law. This sits alongside a significant number of locally enacted TCI-specific …

Misick & Stanbrook is proud to announce and congratulates partners: Tremmaine Harvey and Sarah Knight on their election and re-election to President and Vice President, respectively, to The Bar Council of the Turks and Caicos Islands Bar Association.   Tremmaine Harvey who served as a member of the Turks and Caicos Islands Bar Council for the past two terms was elected President for the year 2023-2024. Sarah Knight who previously served as President of the Turks …

DUE DILIGENCE REQUIREMENTS UNDER THE PROCEEDS OF CRIME ORDINANCE AND ANTI-MONEY LAUNDERING REGULATIONS AND CODE On 18th November 2022 changes were made to the Anti-Money Laundering and Prevention of Terrorist Financing Code as regulations as follows: New section 13 (A) of the Anti-Money Laundering and Prevention of Terrorist Financing (Amendment) (No.4) Code 2022 reads: A financial business engaged in realtor activities shall, in relation to a transaction for the sale of real property, conduct customer …

Misick & Stanbrook is delighted to welcome a new partner to the firm’s partnership, bringing the total number of partners to 6. Tremmaine Harvey, in our real estate and real estate finance team, joins the partnership as of 2nd January 2023. This promotion is the culmination of the continual success of the firm, which is a band 1 ranked firm by Chambers and Partners and ranked as a Tier 1 leading law firm by Legal …

Please click here for Bloomberg Tax’s article Country Guide: The Turks and Caicos Islands by Partner Owen Foley.    

TURKS AND CAICOS ISLANDS: An Introduction   Turks and Caicos Islands Overview 2022  The Turks and Caicos Islands (TCI) are a British Overseas Territory situated to the south of The Bahamas, approximately 500 miles southeast of Miami, Florida. TCI has demonstrated significant corporate and financial law stability over many decades and continues to do so. This is partially due to TCI having a stable and strong government benefited by TCI law based on English common law. …

Please Click Here for Chambers Global Practice Guides for an article on the Turks and Caicos Islands Trends and Developments by Partner Gordon Kerr and Partner Karen Willis.

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.  …