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Turks and Caicos Islands International Business Company (IBC) Company Formation

The Turks and Caicos Islands are a popular offshore jurisdiction because of the large number of privacy and tax advantages from which offshore companies incorporated there benefit. Incorporating an IBC in The Turks and Caicos Islands provides extensive confidentiality for the beneficial owners as company registers are not available for public inspection, and shareholders enjoy exemption from all local taxes and duties, including income tax, capital gains tax and corporation tax for a period of 20 years after the company’s incorporaton.

Enquire about company incorporation in the Turks and Caicos Islands

Company Name

Company names may be in any language and they must be unique but there is no requirement to end the company name with any suffix. Names must still be approved by the Registry; we are able to check your proposed company name complies with naming regulations in the Turks and Caicos Islands and a name can be reserved for a period of 10 days free of charge.

Registered Office

All companies are required to have a registered office, which must be a physical address in the Turks and Caicos Islands where all official correspondence can be sent. This is also where accounting records, meeting minutes and other accounting and reporting company documents must be kept. We will provide a registered office as part of our Corporate Administration Package. 


Only a single director is required to incorporate, this may be a corporate entity or an individual; there are no restrictions on the nationality or residency of directors. There is no requirement to file director registers with the commercial registry meaning director details are kept confidential.


Only one shareholder is required who may be of any nationality or residency. Corporate shareholders are permitted. There are no public shareholder registers.

Company Secretary

All companies must appoint a company secretary, there are no restrictions on residency or nationality.

Share Capital

Normal structured share capital of USD $5,000, divided into 5,000 shares valued at USD$ 1 each. Share duty is paid on the amount of share capital and is increased once share capital exceedsUSD$ 5,000.


Once all of the incorporation information has been received it takes only two days to incorporate an IBC in the Turks and Caicos.



Filing Requirements

There is no requirement to file annual financial statements, file an annual return or appoint a statutory auditor. Each company must only file a short statement indicating the main business activities that have taken place outside the islands and a declaration that the company is in compliance with the necessary statutory requirements.

Proof of Identity

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.


It is not usually a requirement to visit Turks and Caicos in order to incorporate.

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UK - Head Office
+44 1372 750800
Formacompany & Co Ltd
11 Church Road
Great Bookham
KT23 3PB
+353 65 6845815
Formacompany.ie Ltd
Blair House
Upper O'Connell Street
Co Clare
+34 91 535 7138
Sociedades sin Fronteras
Vallehermoso 82
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