The name Turks and Caicos evokes thoughts of white sand and Caribbean sun and an exclusive place to vacation or buy property in the Caribbean. When you look beyond the beauty of the islands that make up the Turks and Caicos Islands, you discover that it is actually a paradise for offshore real estate investment, and what’s more, it’s still ripe for the picking.
The Turks and Caicos Islands in the Caribbean are a tax-free haven for those looking for a retirement home, vacation haven, or investment property. Consisting of 8 main islands and 40 in total, these islands are a British Overseas Territory and are located southeast of the Bahamas and north of the Dominican Republic. There are two island groups, the Caicos, which consists of most of the islands, and the Turks, with Grand Turk and Salt Cay islands.
The Turks and Caicos Islands offer 350 days of sunshine a year, with an average daily temperature of 80 degrees year-round. Summer days are cooled by balmy trade winds, while winter days are almost always in the 80s. The islands offer the third largest coral reef system in the world and some of the world’s finest beech trees are found within along the 230 miles of oceanfront property.
The most populous island and commercial center, Providenciales, has an international airport with direct flights from many cities, including Miami, New York, Toronto, and London. British Airways, American Airlines, Delta and others fly here regularly. From the main airport you can take flights to several other islands, including South Caicos and Grand Turk, where the capital is located. The boats can take you to any of the islands you want to visit.
While the islands became known for their salt, which supplied the world’s salt needs for hundreds of years, today they are better known as a tourist paradise and a center for offshore banking. The island of Providenciales, often called Provo, has some of the most spectacular beaches in the world. The other main islands are South Caicos, Grand Turk, North Caicos, Middle Caicos, East Caicos, West Caicos, and Salt Cay.
Turks and Caicos has more than 175,000 visitors a year, and the islands continue to grow as a tourist destination. With a modern banking system and an economy based on the US dollar, and with no property taxes, capital gains, or income, it’s easy to invest and get exactly what you’re looking for in a tropical paradise.
