Business

The Saltmills business complex pays homage to TCI heritage. By Kathy Borsuk ~ Photos By Claire Parrish Grand Turk, South Caicos and Salt Cay are traditionally known as the Turks & Caicos’ “Salt Islands.” Their vast salinas, into which seawater was pumped via windmill through a series of sluices for evaporation into high quality sea salt ...

Tropical Imaging studio breaks environmental ground. By Kathy Borsuk It’s never been done before in the Turks & Caicos Islands. In spite of the eco-conscious “green” movement that is sweeping the globe, Tropical Imaging’s new studio will be the first “green build” in the TCI. It’s an exciting new project that could break a path for others to ...

New solid waste management plan is a model programme. By Kathy Borsuk If you’d like to see an image of post-Apocalypse Provo, take a trip to the “dump,” currently sprawling over a 27 acre site of formerly beautiful bush in the northwest corner of the island. The “flags” that mark your approach are fragments of plastic bags ...

michigan lottery North Caicos Boats are built on-island, for the Islands. By Howard Gibbs ~ Photos By Cheryl Gibbs The Turks & Caicos Islands have a long history of boat-building—combining the use of native materials, plans created in the minds of the local builder and lots of hard work and ingenuity.The end result is the colorful island sloops ...

ny lottery Mobile service provider Islandcom exclusively serves TCI. By Kathy Borsuk ~ Photos By Steve Passmore, Provo Pictures Folks in the Turks & Caicos Islands love their phones. Whether walking down the street, shopping, working out, getting a haircut or (gulp!) even driving, there’s often a cell phone pressed to ear. Ring tones blare from pockets and purses ...

Caffiero Painting brings a new level of professionalism to the Islands By Kathy Borsuk ~ Photos By Christine Morden, Provo Pictures Michelangelo is considered a virtuoso for his paintings on the ceiling of the Sistine Chapel; Michael Caffiero and his crew at Caffiero Painting Co. TCI are virtuosos in painting not only ceilings    . . . but ...

Letting Turks & Caicos financial services work for you. By Claudia Camozzi, Director of Communications, Financial Services Initiative Whether as a property or business owner, development or construction company, TCI financial services and products can help you with two things every investor requires: growing your investments and protecting your assets. Following is an ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...