GeographicalArea: 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
GeographicalArea: 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.
Sometimes a person needs to be introduced to a subject and gain education to gain confidence to reassure themselves that they are making the right decision. Just as we believe that insurance is your first wave of defense, we believe that education will become one of your best assets and a tool for protection! Take this course and you are on your way to protection!
You Will Learn the Following
►Asset Protection Basics
►Key Definitions for Your Understanding of the Tools Available
►How You Can Use Trusts to Your Advantage
►Irrevocable versus Revocable Trusts
►How the Law Pertains to Asset Protection
►The Safety Net Cuba Clause
►How to Choose a Jurisdiction for Maximum Benefits
►The Lesson Curriculum is as follows.
Lesson 1 - Asset Protection Theory
Lesson 2 - Definition of Terms
Lesson 3 - Rules of Asset Protection
Lesson 4 - Practice and use of your Trust
Lesson 5 - Trusts and Taxes
Lesson 6 - Types of Trusts
Lesson 7 - Irrevocable Trust
Lesson 8 - Security From The Law
Lesson 9 - The Cuba Clause
Lesson 10 - Jurisdiction Selection.