Skyline
TURKS & C AICOS
Turks &
&
Caicos
Key Investment Opportunity Gated and World Class Design Villas
ONLY SIXTEEN VILLAS AVAILABLE FOR INVESTORS 51 duplex villas 1600 sq/ft (Pre-purchase with 20% less) Benefits of Investment guaranteed Net returns of 24% per annum.
FREEHOLD PROPERTY INVESTMENT • Prices start from as little as $830,500 USD • Fully Secured Freehold Property Investment • Tittle deeds registered in client’s name • Fully Managed Property Investment • No bills, no voids, and no maintenance to pay • Optional buyback from year five on-wards • Optional buyback on year five: 110% and year 10: 120% • Secure by land • All money goes into Laywer trust to use only for project • Interest payment on initial amount till completion • Developing new green technology AJN wall panels system • Water and fire proof
*Only 20% up front to get started, the rest when upon completion
Welcome Invest Turks and Caicos is dedicated to providing free and confidential advice and support, including: information on the local business climate; facilitating the investment process through liaison with key Government Departments; advice on Government incentives and concessions to investors; introductions to local service providers/suppliers; advice on immigration matters, including permanent residence certificates; and specific ongoing support following the set up of a business.
WHY OWN IN TURKS & CAICOS? The Turks & Caicos Islands offers a unique combination of some of the world’s most beautiful waters, a diverse and intimate group of islands and cays, a historically low tax environment, high quality properties and wonderful accessibility from the United States and Canada, as well as one-stop flights from London. An inviting landscape and inviting people define these islands.
Skyline
TUR KS & C AICOS
INVESTMENT & LIFESTYLE BENEFITS • There are no restrictions on foreign property ownership. • Title can be held personally or in a local Corporation or Trust. • There is no imposed requirement to develop land within a stipulated time. Undeveloped land can be held indefinitely for future use or investment. • A Permanent Residency Certificate can be qualified for with a Real Estate Investment under certain parameters. • The Turks & Caicos Islands are a British Dependent Territory. This status ensures a stable political environment and trusted legal system. • The Turks & Caicos Islands Government guarantees (fee simple) Absolute Title by way of Torrens Land Registration System. Title Insurance is not required. • The Turks & Caicos Islands have a modern land registry system, making transfer of title simple and accurate. • A Government Planning and Development Authority oversees all building codes and development plans to ensure the highest standards of land use and construction are maintained. • The Turks & Caicos public and private sectors have developed an efficient infrastructure including ports, international airport, road systems, schools and utilities. • Reliable communication facilities including land based and cellular services, high speed and wireless internet. • The United States dollar is the primary currency. • Easy commute from major hubs in the US and Canada as well as London, England. • No Income Taxes on revenue generated from property. • No Capital Gains Tax on property transfers. • No Estate or Inheritance Taxes. • No Corporate Taxes or Exchange Controls. • Indirect taxation comprises customs duties, stamp duty on certain transactions, and departure tax. • A one time Stamp Duty charge is payable to the TCI Government on the purchase of your property. • Along with Real Estate Development growth the Turks & Caicos Islands have experienced a steady appreciation in property values. • Turks & Caicos Tourism has experienced a steady increase over the past decade and is a top destination for travelers with many repeat visitors. Visitors and owners from the US, Canada and beyond have discovered and coveted our award-winning beaches and island community, with many echoing the sentiment that they have found in the Turks & Caicos Islands a unique and highly accessible blend of compelling lifestyle, homes and properties, services and quality amenities unlike any other island chain in the region.
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Tourism and Development The proximity of the TCI to the United States and Canada, coupled with direct flights to the UK and many Caribbean countries are encouraging rapid growth in tourism numbers with visitor arrivals for 2019 surpassing 1 million. The privacy and anonymity that people enjoy, coupled with the opportunity to qualify for Permanent Residency status, has also encouraged high net worth individuals to have homes here. There is therefore a real need for more hotel rooms, villas, condominiums and private homes of a very high quality*. New resorts on Providenciales and other islands are at various stages of development but there is a need for more. What Invest TCI can do for you? Invest Turks and Caicos can help you navigate the path to investing in the Turks and Caicos Islands. Whether you are new to the Turks and Caicos Islands or an established local operator looking to expand, our experienced and knowledgeable team is available to provide you with confidential guidance and support, accompanying you each step of the way as you capitalize on investment opportunities in these our Beautiful by Nature Turks and Caicos Islands. OR accompanying you each step of the way as you navigate the path from inspiration to reality.
Our Wall Panels that meet the EnergySaving needs of Modern Architecture The light composite wall materials produced by us are environmentally friendly, highly efficient, light, solid, thin, seismic-resistant, good insulation, sound-proof, water-proof, fire-resistant, among other advantages. AJN’S ECO-FRIENDLY LIGHTWEIGHT WALL PANEL AJN lightweight energy-saving panels are manufactured from EPS (Expanded polystyrene and gases), fly ash and additives. The products range in 10 panels varying in size, structural integrity and thickness. The variations allow for flexibility in the use of the panel depending on the specific location in the building where the product is required. The panels are skinned with fireproof calcium silicate skin. BEHAVIOUR IN FIRE The face panel of AJN energy-saving boards on both sides are 4.5mm silicate calcium fireproof boards and the main material is a mixture of cement sand, fly ash and so on. AJN energy-saving boards have a fireproof of 4 hours against a high temperature of 1000℃ and incombustibility standards achieve national level A. Besides, these materials give out no toxic gas and perfectly meet the international environmental protection criterion. The tests also prove that water containers can be made by using an AJN panel with no need for plastering and the containers have no leakage at all. THERMAL PERFORMANCE When compared with the standard brick house, maximum summer temperatures in AJN dwellings will be up to 8° warmer when no ceilings are installed, up to 1° warmer with ceiling installed and up to 2° cooler when 40mm glass wool or similar, insulated ceiling are installed. WATER PENETRATION & RISING DAMP AJN Building System buildings meet Canadian criteria for resistance to water penetration and rising damp throughout Canada. CONDENSATION Ceilings must be fitted to AJN dwellings in the project. Condensation is generally a problem in some areas. The assessment of this aspect of performance only applies to dwellings in these areas. ACCOUSTIC PERFORMANCE Performance criteria for sound attenuation between adjacent rooms and between adjacent dwellings have been met. See also GB/T 19889.3-2005 Acoustical properties of buildings. On testing, it was found that the insulation used to retain the energy simultaneously resulted in a superior sound insulation of 45db(decibels) against a conventional house that has sound insulation of 32.8db. DURABILITY Given regular and adequate maintenance, the durability of the AJN Building System building will be similar to that of a conventionally constructed building.
IDL: The INtuitIV Digital Lamppost Smart Infrastructure and Assets for Public Spaces ABOUT THE INTUITIV DIGITAL LAMPPOST There are ~304 million streetlights around the world and an anticipated increase to 352 mil-lion by 2025 and lighting accounts for 6% of global greenhouse gas emissions (GHG). Public street lighting is an essential element of the urban environment. It affects residents’ sense of safety and social inclusion, improves visibility for motorists and creates an inviting environ-ment for business and tourism after dark. While street lighting is undeniably important, about one-third of the world’s roads are still lit by technology dating back to the 1960’ (Sodium bulbs), typically consuming approximately 40% of a city overall electricity cost. In recent years, many cities have started transforming their sodium streetlights to energy-ef-ficient Light Emitting Diodes (LEDs), driven by sustainability targets, emerging government standards and the need to reduce operating costs. When compared to legacy street lighting technologies, LEDs offer longer lifetimes, lower energy consumption and reduced maintenance expenses. LEDs are an economically beneficial alterna-tive to traditional streetlights when energy savings are considered, despite their higher upfront cost, payback periods range from 4 to 12 years and lower operation cost. However, switching to LED lighting alone will not be enough to meet cities’ sustainable/meeting the Paris 2015 Climate Agree-ment targets. First-generation optimisation techniques for street light systems are already incorporated in state-of-the-art designs to produce savings of up to 50% i.e. dimmable LEDs. AJN Investment & Development offers the INtuitIV Digital Lamppost (IDL), a smart and connected lamppost infrastructure asset and a second-generation optimisation that focuses on operational management of lighting systems/smart public infrastructures and includes the use of artificial intelligence (AI). In essence, it focuses on dimming lights in anticipation of lower vehicular and pedestrian traffic at cer-tain times and delivers a reduction in energy cost/ emissions on a decentralised basis. This is critical for the next level for smart city optimisation and actualising Industry 4.0 (especially, in public infrastructure management).
Top of the line, State-of-the-art technological advances and infrastructure to help save energy, live cmfortably and build up its overall prestige At Skyline, we are not only building up the overall appeal of the community, but we are alos making it more safe, secure, sustainable and environmentally friendly. We believe in the overall well-being of the residents of Skyline and will continue to build upon its current projection as one of the best, most innovative and most sustainable communities in the Caribbean.
Press Release: Turks and Caicos Islands: Living And Investing In The Turks & Caicos Islands Ever wondered what it is like to live and work in the Turks and Caicos Islands (“TCI”)? You wouldn’t be alone! TCI is an increasingly popular destination for high-net-worth individuals (“HNWI”) and their families, drawn by the tranquillity, natural beauty, security, and privacy to be found here, combined with excellent transport links to the US and Europe. With a wide array of world class resorts and restaurants, host to Grace Bay beach which is consistently voted number 1 in the world by the travel industry, TCI has a very strong reputation as a high-end tourist destination, and is increasingly being discovered by discerning investors looking for an alternative to other offshore jurisdictions. TCI offers a modern company and trusts legislative framework and is home to thriving community of highly experienced lawyers, accountants, and professional trustees. When it comes to property or development opportunities, you will be spoilt for choice. There is a wide variety of real estate on offer in the TCI, and everything from private islands to ultra-prime property, commercial development plots and modest homes is available. Many people buy property for use as a holiday home or to generate income through rental. Others develop commercial property. Many HNWI have also made the leap and become resident of the TCI through investment in real estate – we’ll touch on this in more detail later. Whatever you are looking for, there will be real estate here to suit you. TCI: Geographical Overview TCI is a British Overseas Territory, comprising an archipelago of 40 or so ‘cays’ and located 500 miles southeast of Miami (just over an hour on the plane). Providenciales (locally known as “Provo”) is the main hub for tourism and business within the Islands. Provo is well connected with direct flights to numerous US cities, including Miami and New York. There are also direct flights to Canada and the UK. Investing in real estate in the TCI The real estate market is booming in TCI currently, and there are a lot of new homes and luxury resorts currently under construction on Providenciales. Investor interest in other islands such as North & Middle Caicos is on the rise, following the recent announcement of an airport infrastructure upgrade project. There are no foreign ownership restrictions on real estate here in the TCI. You can either buy property in a personal capacity or set up a TCI company to hold the title to the property. The latter is often preferred when purchasing a property for investment purposes rather than as a primary residence. It ringfences liability should, for example, a guest have an accident on the property. We can assist you with incorporating a TCI company. Article continued on page 16 >>>
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Article Continued: Turks and Caicos Islands: Living And Investing In The Turks & Caicos Islands Tax benefits are a prominent reason for investing in real estate in TCI. There is no income tax, capital gains tax, estate/inheritance tax, corporation tax or annual property taxes associated with real estate investment and ownership. A one time “stamp duty” is payable upon acquisition, which is 10% for properties on Provo with a value of more than US$ 500,000. Other rates apply to properties of lesser value and property on other islands within the TCI. If you purchase the shares in a company that holds the property title, a share transfer duty of 8% of the market value of the underlying property is payable. TCI has a registered land system, and all property is registered at the Land Registry with its own title number. The land registration system is guaranteed by the government and is simple and secure, giving confidence to potential investors. When purchasing a property, there is a decision to be made as to whether you want to purchase a standalone property or a condominium within a resort. Resorts usually offer a variety of amenities such as a bar, restaurant, gym, swimming pool, tennis court and other sports facilities, but these will incur strata fees (common expenses) which are payable and need to be factored in. There are also an increasing number of private villa communities which provide owners with the ability to own a standalone property, but enjoy the convenience of on-site management and facilities. Investment in real estate also opens a pathway to gaining either temporary or permanent residency in TCI. An investment of US$ 1 million or more real estate investment on Providenciales to construct a new home or renovate a distressed home would allow you to apply for permanent residency, and we can guide you through that process.
October 7, 2021 By Christopher Smith and Oliver Chapman Griffiths & Partners
Invest Turks and Caicos Attended Caribbean Hotel Investment Conference & Operations Summit: Providenciales, Turks and Caicos Islands, November 15th, 2021 – Invest Turks and Caicos (Invest TCI) is pleased to announce the Agency’s participation in the 10TH Caribbean Hotel Investment Conference & Operations Summit (CHICOS) held November 10th-12th, 2021, at the Grand Hyatt Baha Mar in Nassau,...
MSME Programme Managed by Invest TCI Making Commendable Strides: (Nov 24, 2021) Providenciales, Turks and Caicos Islands November 8, 2021 – The Micro Small and Medium Enterprise (MSME) programme managed by Invest Turks and Caicos Agency (Invest TCI) has made commendable strides since its launch in 2016. April 2016 saw the commencement of the Government’s MSME Programme,...
Invest TCI Attended NABHOOD and The Lodging Conference: (Nov 15, 2021) Providenciales, Turks and Caicos Islands October 14th, 2021 – The months of September and October were busy for Invest Turks and Caicos (Invest TCI), who promoted the Turks and Caicos Islands to international audiences at the Lodging Conference and the 25th Annual International African American Hotel Ownership &...
Invest TCI and Department of Youth Affairs hosted Entrepreneurial Symposium: (Oct 18, 2021) Providenciales, Turks and Caicos Islands, September 29th, 2021 – In celebration of National Youth Day, Invest Turks and Caicos Agency (Invest TCI) was delighted to partner with the Department of Youth Affairs to host a half-day event, “Igniting Creativity Entrepreneurial Symposium,” September 24th at the...
Tourism Articles & Comments for Turks & Caicos
Adventure Tourism With some of the best dive sites in the world, including a 7,000 vertical wall a short distance off Grand Turk’s shores; visitors come from all parts of the world to experience the thrill of snorkeling and diving in crystal clear waters. The local waters also attract kite surfers, sailors and sports fishermen.
Eco Tourism Many of our stunning 40 islands are uninhabited and stunningly beautiful. Opportunities therefore exist to be the first to develop eco-lodges and resorts.
Marina Development Some of the world’s most beautiful yachts, and the finest sport fishing vessels visit TCI. Providenciales has several marinas, but other islands offer an excellent opportunity for resort/villa/condo development around a marina.
Medical Tourism Where better to recuperate from surgery than the most beautiful islands and beaches in the world! TCI has a state-of-the-art hospital system with facilities and space for private patients on two islands. Excellent opportunities exist for cosmetic and other surgical procedures.
Financial Services The Turks and Caicos is preparing itself for growth in the Financial Services Industry after spending the past several years strengthening its regulatory framework and committing itself to global tax transparency standards. The Turks and Caicos Islands has had legislation governing financial services since the 1970s, but its strategy to offer specialized products through personal service, has kept its reputation in the realm of a boutique destination. The country has recently adopted new Trusts legislation, while new Company and Insolvency laws are in draft. With a strong legal and regulatory system; a powerful commitment to US and European FATCA; compliance with OECD, IMG and FATF standards, all overseen by an independent Financial Services Commission, the TCI is considered a safe and secure location to run an offshore finance operation.
Agricultural Fisheries The many islands of the Turks and Caicos offer untapped potential as it relates to arable land and bountiful oceans. Demand for local farm produce and fish by the thriving tourism industry presently exceeds supply. Business areas such as agro-industries, food processing and fish farming/processing have been identified as priority sectors by the TCI Government and support and incentives are available. The Caicos Islands in particular, offer fertile soil and an ideal climate for agricultural growth, and significant amounts of agricultural land exist on North and Middle Caicos which would support new farms producing crops and livestock.
Manufacturing Opportunities in light manufacturing exist particularly for businesses supplying the tourism and hospitality sectors both in Turks and Caicos, and the surrounding Caribbean islands. Incentives are available for the import of plant and materials, and our attractive tax laws provide significant benefits to TCI based light manufacturing.
Incentives & Taxes We are committed to cutting the cost of doing business. Operating under the Encouragement of the Development Ordinance and the 2012 Investment Policy, we have been given a framework for encouraging, prioritising and incentivising domestic and foreign investment*
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