Expat Turks and Caicos

For many tourists and expats, one of the best islands to visit or live on is TCI (Turks and Caicos Islands). These islands have a well heeled reputation and all the amenities and services that come with indulging one self.


Turks and Caicos are located about 40 miles south of the southern tip of the Bahamas island chain. Temperatures can be high rising into the 90’s, but are much cooler at around 75 degrees during the winter months. The average temperature for the year usually settles in the mid 80’s. One great thing about Turks and Caicos is the gentle breeze that flows through the islands year round due to the easterly trade winds. These trade winds make the hot temperatures much more comfortable and manageable. Humidity for the most part is low and winters are usually dry. While Turks and Caicos does fall in line of the hurricane belt, for the most part direct landfall of hurricanes is not that common.


Turks and Caicos is a group of islands in the West Indies that is part of the British overseas territories. For American citizens, you can visit Turks and Caicos without a visa and stay for up to 6 months; all that is required is a US passport. The currency in use in Turks and Caicos is the US dollar making it easier for expats and those that would like to purchase real estate.

Tax System

The tax system in Turks and Caicos can be seen as a tax haven for the wealthy. There is currently no individual or corporate income tax only a transfer duty for real estate. For those working on the island, you will have to contribute about 8% for the national insurance plan (half which your employer picks up).

For the most part, taxes are comprised by import duties, property duties on real estate and some licensing fees for certain businesses.

Medical Care

Medical care in Turks and Caicos is adequate, but can be limited depending on where you are located. There is a small public hospital, many private clinics and a hyperbaric chamber in case of diving sickness. For the most part, if you are seriously ill or injured, you will need to be evacuated to the United States for treatment.

You can purchase private medical insurance for Turks and Caicos, however most expats choose to purchase travelers insurance which includes a medical component. It is important to choose medical insurance that includes a provision for evacuation.

Real Estate

Real estate purchases and investments on Turks and Caicos is low risk and for the most part straightforward. For foreigners looking to purchase or invest in property, there are no legal limitations or restrictions. An advantage to purchasing property on these islands is that the currency is the US dollar, so you don’t usually have to worry about small island economies and currency exchange rates. In addition, you can purchase property as an individual or a corporation.

As far as renting property on the island, renting an apartment, condo or house is straightforward as well. Prices usually range from about $1,000 to several thousand dollars depending on the size of the property and its location.


Shopping on Turks and Caicos is a pleasure with luxury goods and high quality merchandise easy to find. Necessities are also easy to find, but since all items are imported, it can be difficult to find your favorite brands. Turks and Caicos have a well heeled reputation and there are plenty of services offered to wealth individuals.

Entertainment on Turks and Caicos seems to be limitless. There are so many things to do and see on the island and while many expats come to the island to enjoy the scenery and water activities, many come to the island to just relax and do nothing. High quality restaurants, bars and night life are also easy to find, however the youth culture is lacking since most tourists and expats are either middle aged or mature.

Cost of Living

The cost of living on Turks and Caicos is relatively high in comparison to the United States. Housing is usually much higher than in the states; however you can find apartments to rent for less than $1,000 per month. Most beach front homes can cost several thousand per month.

Since all items are imported onto the island, most goods are higher than in the states; expect to pay higher prices for food and entertainment, especially since these businesses target tourists.

Extradition from the Turks and Caicos Islands

The laws of extradition from the Turks and Caicos islands are set by the Extradition Treaty Between the Government of the United Stats of America and the Government of the United Kingdom of Great Britain and Northern Ireland.

Map of Turks and Caicos