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Home > Jurisdictions > Global Jurisdictions > Turks and Caicos Islands

  • Full Name:  Turks and Caicos Islands
  • Geographical Area: Caribbean, two island groups in the North Atlantic Ocean, southeast of The Bahamas, north of Haiti, about 40 islands (eight inhabited), The islands are located 550 miles southeast of Miami, Florida, just below the Bahamas chain and just to the east of Cuba and the island of Hispaniola (Dominican Republic and Haiti.) Technically, the Turks and Caicos are located in the Atlantic Ocean, not the Caribbean Sea.
  • Terrain and Climate: low, flat limestone; extensive marshes and mangrove swamps tropical; marine; moderated by trade winds; sunny and relatively dry
  • Population: 22,352 (July 2008 est.)
  • Ethnicity:  black 90%, mixed, European, or North American 10%
  • Capital: Grand Turk (CockburnTown)
  • Government:  British Crown Colony, based on laws of England and Wales, with a few adopted from Jamaica and The Bahamas, unicameral House of Assembly (21 seats of which 15 are popularly elected; members serve four-year terms)
    elections: last held 9 February 2007 (next to be held in 2011)
  • Major Languages: English
  • Major Religion:  Baptist 40%, Anglican 18%, Methodist 16%, Church of God 12%, other 14% (1990)
  • Life Expectancy: 75.19 years
  • Monetary Unit: US Dollar
  • Exchange Controls and Taxation:  None
  • Stamp Tax:  Yes and a one-time tax at 9.5% on real estate that is due to the government
    each time property changes hands.
  • Main Exports: lobster, dried and fresh conch, conch shells
  • Compulsory Education:  Free up to 11th grade, recent decline in education spending
  • GDP: $11,500 (2002 est.)
  • Annual Growth Rate: 6% in 2005
  • Major Industry:  Tourism
  • Communication:  Broad-spectrum evaluation: fully digital system with international direct dialing , domestic: full range of services available; GSM wireless service available
  • Internet: .tc
  • International dialing code:  1 + 649
  • Known as “tax-haven” for qualified individuals
  • Number of Banks: 6
  • Head of State:  chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Gordon WETHERELL (since 5 August 2008)
    head of government: Premier Michael Eugene MISICK (chief minister since 15 August 2003, sworn in as premier on 9 August 2006); note - the office of premier was created in the 2006 constitution
  • Radio:  AM 2, FM 7
  • Television:  0 (broadcasts received from The Bahamas; 2 cable television networks) (2003)
  • Time Zone: EST with Daylight Savings Time
  • Airport:  Six with Paved Runways
  • Bank List
    First Caribbean International Bank
    Scotiabank
    Bordier International Bank & Trust Ltd.
    Belize Bank
    Turks & Caicos Banking Co Ltd.

    Belize Bank
    Turks & Caicos Banking Co Ltd.

 

Turks and Caicos Islands

  • Full Name:  Turks and Caicos Islands
  • Geographical Area: Caribbean, two island groups in the North Atlantic Ocean, southeast of The Bahamas, north of Haiti, about 40 islands (eight inhabited), The islands are located 550 miles southeast of Miami, Florida, just below the Bahamas chain and just to the east of Cuba and the island of Hispaniola (Dominican Republic and Haiti.) Technically, the Turks and Caicos are located in the Atlantic Ocean, not the Caribbean Sea.
  • Terrain and Climate: low, flat limestone; extensive marshes and mangrove swamps tropical; marine; moderated by trade winds; sunny and relatively dry
  • Population: 22,352 (July 2008 est.)
  • Ethnicity:  black 90%, mixed, European, or North American 10%
  • Capital: Grand Turk (CockburnTown)
  • Government:  British Crown Colony, based on laws of England and Wales, with a few adopted from Jamaica and The Bahamas, unicameral House of Assembly (21 seats of which 15 are popularly elected; members serve four-year terms)
    elections: last held 9 February 2007 (next to be held in 2011)
  • Major Languages: English
  • Major Religion:  Baptist 40%, Anglican 18%, Methodist 16%, Church of God 12%, other 14% (1990)
  • Life Expectancy: 75.19 years
  • Monetary Unit: US Dollar
  • Exchange Controls and Taxation:  None
  • Stamp Tax:  Yes and a one-time tax at 9.5% on real estate that is due to the government
    each time property changes hands.
  • Main Exports: lobster, dried and fresh conch, conch shells
  • Compulsory Education:  Free up to 11th grade, recent decline in education spending
  • GDP: $11,500 (2002 est.)
  • Annual Growth Rate: 6% in 2005
  • Major Industry:  Tourism
  • Communication:  Broad-spectrum evaluation: fully digital system with international direct dialing , domestic: full range of services available; GSM wireless service available
  • Internet: .tc
  • International dialing code:  1 + 649
  • Known as “tax-haven” for qualified individuals
  • Number of Banks: 6
  • Head of State:  chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Gordon WETHERELL (since 5 August 2008)
    head of government: Premier Michael Eugene MISICK (chief minister since 15 August 2003, sworn in as premier on 9 August 2006); note - the office of premier was created in the 2006 constitution
  • Radio:  AM 2, FM 7
  • Television:  0 (broadcasts received from The Bahamas; 2 cable television networks) (2003)
  • Time Zone: EST with Daylight Savings Time
  • Airport:  Six with Paved Runways
  • Bank List
    First Caribbean International Bank
    Scotiabank
    Bordier International Bank & Trust Ltd.
    Belize Bank
    Turks & Caicos Banking Co Ltd.

    Belize Bank
    Turks & Caicos Banking Co Ltd.

 

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