The Turks and Caicos Islands are one of the most popular locations in the world for the registration of reinsurance companies, and is the market leader in the niche, producer owned reinsurance companies, sector. Misick & Stanbrook has a long history of providing advice in insurance, reinsurance, captive insurance and related international underwriting issues and the domestic registration and licensing of insurance companies. Misick & Stanbrook’s in-house affiliate, Caribbean Insurance Management Services Ltd. (CIMS) is one of the leading Turks and Caicos Islands captive insurance managers and can assist in all aspects of licensing and incorporation.
Misick & Stanbrook frequently handles enquiries from international banks and finance houses on their scope for delivery of services to the many high-net-worth individuals who make the Turks and Caicos Islands their home, and on the Turks and Caicos Islands regulatory aspects of providing those services.
Misick & Stanbrook’s experienced regulatory and licensing team assists with the legal aspects of applications for licences for regulated entities including investment dealers and trust companies and with any regulatory aspects including issues with the Turks and Caicos Islands Financial Services Commission, and inquiries relating to: the Mutual Legal Assistance Treaty (MLAT) with the USA; the US Foreign Account Tax Compliance Act (FATCA) and the common reporting standard (CRS), as well as any related litigation.