Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are some of the advantages of buying real estate in Turks and Caicos rather than other islands?

0
Posted

What are some of the advantages of buying real estate in Turks and Caicos rather than other islands?

0

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

0

– 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

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.