Business legal requirements
The companies on Turk and Caicos islands can be classified as
Predominantly used for carrying on business and holding land and assets within the islands. While required to file annual returns and hold general meetings the annual maintenance requirements are in reality far from burdensome.
From the perspective of offshore finance their potential has tended to be overlooked. With proper structuring they can afford the beneficial owners the same level of privacy as IBC's while avoiding any negative connotations associated with IBC's. We regularly recommend Ordinary companies as viable and convenient alternatives to IBC's.
Contact us to discuss whether an Ordinary company might be the appropriate choice for you.