What are some of the advantages of buying real estate in Turks and Caicos rather than other islands?
The Turks and Caicos has (by default rather than design) a number of advantages which have been catalysts in making the jurisdiction the fastest growing economy in the Caribbean and a hot-bed of international real estate interest. Those advantages include the following: It has the US Dollar as its currency, making it (and the British Virgin Islands) the most convenient non-US destinations in the Caribbean for US visitors. 1. It is English speaking – you will also hear French, Spanish and other languages, but the official language is English. 2. It is not “touristy” – you will not be pursued by people asking you to buy whatever they are selling, crime rates are very low comparatively speaking. 3. It is a British Dependent Territory and one of the last vestiges of the British Empire. Although the locally elected Government has a high degree of autonomy in relation to internal matters TCI has a Governor appointed by the Queen who has wide ranging powers, particularly in relation to matter
– It has the US Dollar as its currency – It is English speaking – It is not “touristy” – It is a British Dependent Territory and one of the last vestiges of the British Empire. – It has a common law court system with appeal ultimately to the Privy Council in the UK. – It has some of the best white sand beaches anywhere – It is a well known scuba-diving destination with some of the best wall-diving in the world and great visibility – It has excellent fishing – It has a number of elegant resorts – This is not a destination where you will see 20 storey buildings crouching uncomfortably on the beach. – Has no direct taxation of income – It has great telecommunications through several providers. – There are no restrictions on foreign ownership of real estate – It has a fully registered land system which means that details of ownership are clearly recorded in a public register. Sources: http://www.escapeartist.com