In order to take up living in Turks and Caicos for part of a year or permanently, one will need a government permit ion. Residency Permits can be a “Temporary Residency Certificate”. Temporary permits need to be renewed annually for about $1000.00 plus $150.00 for spouse and $50.00 for each chilled residing (at the time of this writing).When on temporary permit, there are 3 requirements of the government granting the certificate:
1. One must not work while in the Island
2. One must be in good health
3. One must be able to support oneself and family
Another way to reside in Turks and Caicos is to have “Work Permit”. This permit allows you to have gainful employment while residing here. This permit your employers may obtain for you. Fees are different for different forms of employment. ”Work Permit” like “Temporary Residency Certificate” must be renewed annually.
To start your own business in TCI, you additionally need to get a Business License.
Another way to reside in Turks and Caicos if it is going to be home for long term is to apply “Permanent Residency Certificate”. This permit allows one to reside in TCI for the duration of your life. It requires you to make an investment either in business or in a residence of $250.000 in Providenciales, and $125.000 in outer islands. One time fee is also necessary.
Another permit is the “permanent Residency with a Right to Work “.
This is only granted after the applicant has had work permits and been working already on Islands for some time (a 5 year requirements but will probably be a requirement of 10 years working here before application is considered .It is unclear at this time the amount of the investment required by an applicant in business or in residence but it was in the past at least $100,000 in Providenciales and $75,000 in other Islands.
Both Permanent Residency Certificates require a one time fee of at least $5.000and up to $50,000
Even qualifying for the tie requirement and the offering of the fee does not necessary buy you a certificate. The application may take a long time to process and personal reference must be obtained and submitted to Immigration for their consideration. Ones received, these certificates allow life time residency and with the Certificate with Right to Work, once Granted, allows one to reside a work in the Islands without further perditions
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