The name Turks and Caicos conjures up 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 really is a haven 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 paradise for those seeking a retirement home, vacation paradise, 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 groups of islands, the Caicos, which consist of most of the islands, and the Turks, with the islands of Grand Turk and Salt Cay.
The Turks and Caicos Islands offer 350 days of sunshine a year, with an average daily temperature of 80 degrees throughout the year. Summer days are cooled by mild 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 best beeches are found within easy reach. along the 230 miles of beachfront 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 needs for this mineral for hundreds of years, today they are better known as a tourist haven and a center for offshore banking. The island of Providenciales, usually 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 US dollar-based economy, and no property, capital gains or income taxes, it’s easy to invest and get exactly what you’re looking for in a tropical paradise.