Business

  • The “New Normal” September 1, 2006 An outline of objectives for advancing TCI’s financial services industry. By Gilbert NMO Morris, Chief Economist, The Landfall Centre for Finance, Trade and International Affairs Finance is the Turks & Caicos Islands’ second most profitable industry after tourism. A steering committee set up earlier this year aims to breathe new life into the sector and boost the ... Read more about this post
  • Making a Difference June 1, 2006 The “Nation’s Bank” makes its debut. By John H.R. Benjamin, Managing Director, TCI Bank Limited Photos By Steve Passmore, Provo Pictures The establishment of a Turks & Caicos home-grown bank has long been a dream of many Belongers. Now a reality, TCI Bank Limited (TCIB) is primed for success, based on three solid pillars: the bank’s affiliation with ... Read more about this post
  • A Taxing Situation January 1, 2006 By Jonathan Katan, McLeans International Attorneys On July 1, 2005, the Retention Tax Ordinance 2005 (RTO) came into force. The RTO brings into Turks & Caicos Islands law the provisions of the European Savings Tax Directive (ESD). The ESD is an agreement between the member states of the European Union (EU) to exchange information automatically with ... Read more about this post
  • Not Just for The Rich & Famous January 1, 2006 By Gregory Greatrex, Temple Securities Ltd. Mel Gibson, Ben Affleck, Madonna, Donatella Versace, Bruce Willis, Paul McCartney, Keith Richards, Greg Norman, Bill Gates — with a line of celebrities this long you might think you were standing near the red carpet on Oscar Night. But nowadays, these same people have been seen at the Providenciales International ... Read more about this post
  • Searching For Sun June 1, 2005 By Steve Rennie It’s been more than one year since Conservative Member of Parliament Peter Goldring introduced a motion in the Canadian House of Commons calling for discussions to explore the possibility of a union between the Turks & Caicos Islands and Canada. While there has been some progress made, the two nations are still half ... Read more about this post
  • Transforming Waste Into Wonder / Dispute Resolution Without Tears April 1, 2005 By Kathy Borsuk Although the Turks & Caicos still have no formal recycling program in place, one local entrepreneur has taken matters into his own hands: turning empty conch shells into stunning pieces of home decor. Phil Thompson, president of Thompson’s Conch, uses a patented process in which crushed conch shells are embedded in a laminate matrix ... Read more about this post
  • Death By Taxes January 1, 2005 By Richard Teather Low-tax jurisdictions such as the Turks & Caicos Islands are under attack again. Like the movie vampire that never quite dies, the European Union’s “Savings Tax Directive” appears to have come back to life, and is apparently due to come into force on July 1, 2005. The Savings Tax Directive The Savings Tax Directive is ... Read more about this post
  • Doing The Wash: September 1, 2004 Money Laundering & the Offshore Finance Industry By Jonathan Katan, LL.B (Hons), McLeans International Attorneys There is no doubt that when many people hear the words offshore finance, they think money laundering, even if they are not entirely sure what it is. This has been called the “Grisham effect” with shows such as “Law and Order” promoting ... Read more about this post
  • Nove Over Aloe, September 1, 2004 There’s A New Kid In Town By Hugh G. O’Neill, Hugh G. O’Neill & Co. Times of the Islands readers will be familiar with previous articles on “bush” medicine practiced in the Islands over the decades. The Turks & Caicos boast a rich oral history and tradition personified in the tales of such Islanders as Leon Godet ... Read more about this post
  • A Place in the Sun? June 1, 2004 A formal association between the Turks & Caicos and Canada could be possible. Story & Photos by Steve Rennie Each winter, thousands of Canadians flee from their igloos to the sandy beaches and warm breezes of the Caribbean. In the process, they spend an estimated $30 million in the region, money that many Canadian politicians feel could ... Read more about this post
  • Viatical & Life Settlement Investments April 1, 2004 By Charles Dargie, Silk Road Ltd. Viatical and life settlements have been gaining significance over the last ten years, but many people know little about them. Essentially, they involve a seller of a life insurance policy and a purchaser or investor. The transaction is unusual in that it is more than just a commercial deal. There ... Read more about this post
  • Blazing The Trail: April 1, 2004 High Speed Internet service speeds up life in the Islands By Kathy Borsuk We all know how much the Internet has expanded and streamlined our lives. On an isolated island chain like the Turks & Caicos, its effects are magnified. Consider that as few as 25 years ago, the only way to “chat” with a friend in ... Read more about this post
  • The Changing Landscape January 14, 2004 of the Turks & Caicos Islands By Gary Brough, KPMG When KPMG opened our office in the Turks & Caicos Islands (TCI) in September, 1990, TCI was very different from the country we know today. There was only one direct commercial flight into the country — Pan-Am flying from Miami. There were only seven miles of paved ... Read more about this post
  • Positive Returns? January 1, 2004 Absolutely, with Offshore Variable Annunities By Mark Smallwood, TEP, Smallwood Insurance Company Ltd. In the last few years, the offshore financial sector has been undergoing dramatic changes. The Turks & Caicos Islands (TCI), albeit a relatively small boutique financial jurisdiction, has been playing its part in introducing a braod array of laws and regulations to ensure a ... Read more about this post
  • Morphing The Organization: September 1, 2003 Growing Your Business in the TCI By Jeanne McClellan, Norwani Services Ltd. The Turks & Caicos Islands are changing at an astonishing speed. Ten years ago, driving from Leeward to Blue Hills was an easy trip. Today, that trip is not so easy — the number of cars and trucks on a road that is undergoing major ... Read more about this post

What's Inside The Latest Edition?

On the Cover

Photographer Marta Morton took a much-anticipated trip to Salt Cay in early April, where, among some 5,000 pictures, she captured this intriguing shot of the island’s iconic donkeys. You will find more of Marta’s beautiful photography throughout this issue and at http://www.harbourclubvillas.com

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