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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1 Mar 2014

“TURKS AND CAICOS” AIRED IN THE U.K.

The desirability of the Turks and Caicos Islands being used as a film location has been further strengthened by the latest production of a spy thriller entitled “Turks and Caicos” The major motion picture is the next installment from David Hare and follows on from his previous production “Page Eight” and proceeds “Salting the Battlefield”. Filming of “Turks and Caicos” has taken place over the past 12 months on the island and boasts a stellar …

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20 Feb 2014

DOING BUSINESS IN TCI 2014

A Q&A guide to doing business in Turks and Caicos Islands. This Q&A gives an overview of key recent developments affecting doing business in Turks and Caicos Islands as well as an introduction to the legal system; foreign investment, including restrictions, currency regulations, and incentives; and business vehicles and their relevant restrictions and liabilities. The article also summarises the laws regulating employment relationships, including redundancies and mass layoffs, and provides short overviews on competition law; …

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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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8 Nov 2013

HOTEL AND RESTAURANT (TAXATION) ORDINANCE 2013

On October 15th, 2013 the New Hotel and Restaurant (Taxation) Ordinance 2013 came into effect. This ordinance amends the former Hotel and Restaurant (Taxation) Ordinance which was into effect prior to October 15th. There is a wide range of new provisions which clients should be aware of. PREMISES TO WHICH THE ORDINANCE APPLIES The first and far-reaching effect of the new Ordinance is that the provisions of the Ordinance apply to any premises used for …

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28 Oct 2013

MISICK & STANBROOK ATTENDS TERRALEX CONFERENCE IN PARIS

Misick & Stanbrook were delighted to send along one of their partners, Alexander Heylin, to the annual TerraLex Conference in Paris which took place last month from 25th to 28th September 2013. The host firm PDGB put on a fantastic event and TerraLex has several hundred delegates from member law firms from all over the world. TerraLex membership provides Misick & Stanbrook with the opportunity to have connections with top rated firms in most global …

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25 Oct 2013

CHANGES TO TCI IMMIGRATION LAW TO BE IMPLEMENTED

On 1st November 2013, an amendment of the Immigration Regulations is to come into force which mainly impacts on the cost of working and residing in the TCI. It is important for individuals as well as businesses to be aware of the changes which will be brought in by virtue of the Immigration (Amendment No. 2) Regulation 2013. The changes include: Applications for the renewal of work permits to be filed at least 30 days …

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1 Oct 2013

TCI REINTRODUCES INVESTMENT-BASED PERMANENT RESIDENCY- EXCITING NEW INWARD INVESTMENT SCHEME

The Turks and Caicos Islands (TCI) has just enacted a revamped investor residency programme, entitling successful applicants to a permanent residence certificate (PRC). Qualifying criteria The qualifying criteria are:- Villas a. Investment of not less than $300,000 in actual construction of a new home, or in renovation of a distressed property as a home for the applicant and his or her dependants, on the islands of Grand Turk, Salt Cay, South Caicos, Middle Caicos or …

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23 Aug 2013

MISICK & STANBROOK SUCCESSFULLY DEFEND UNJUST ENRICHMENT CASE FOR AKITA HOLDINGS LTD

In proceedings brought by the Attorney General of the TCI, Ariel Misick Q.C. appeared for Akita Holdings Ltd in front of Justice Margaret Ramsay-Hale in the Supreme Court. The Attorney General claimed that the company was unjustly enriched by benefits it received through a transfer of Crown land obtained at an undervalue or that it was otherwise in knowing receipt of the land which was transferred in breach of fiduciary duty. Akita Holdings Ltd defended …

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