Dempsey & Company, Attorneys at Law, Turks & Caicos Islands

Turks and Caicos Attorneys - Dempsey & Company

PERMANENT RESIDENCY FEES & REQUIREMENTS
(distinguishable from a Residence Permit which lasts for 1 to 3 years)

[Notice: the following fee schedule is provided courtesy of Dempsey & Company for general informational purposes only.  While effort has been made to verify the accuracy of the information there are ambiguities in the Regulations with the result that the corresponding fees in certain categories may not be accurate.  Furthermore the Immigration Regulations are subject to change from time to time and persons considering an application should therefore seek specific advices in each case.  Dempsey & Company and its associated companies disclaim any responsibility for actions taken by, or misunderstandings on the part of, any individuals who have not formally retained the firm and taken reasonable steps to ensure that their actions are fully compliant]

Government fees:

  1. non refundable application fee of US$100.00, and

  2. (a) US$50,000 if self-employed;
    (b) US$30,000 if skilled worker;
    (c) US$5,000 if unskilled;
    (d) US$15,000 if in the retirement category (without right to work)

Pre-requisites to application for PRC:

The Immigration Regulations were amended again on July 5th 2002.  For the most part, the ability to apply for permanent residence is dependent upon:

  1. Holding a work permits for five consecutive years; or

  2. Making an investment in the islands; or

  3. A combination of (a) and (b) above.

The recent amendment to the Regulations allows for persons to receive PRC's where they would otherwise fail to qualify but where such person "has become assimilated into the life and affairs of the Islands".

Schedule of Investment Requirements:

Self Employed:

  1. Held a TCI work permit as a self-employed person for not less than 5 years; and

  2. Ordinarily resident in TCI for not less than 5 years; and

  3. Invested not less than:-

    (a) US$200,000 in a business in Providenciales; or
    (b) US$75,000 in a business on any one of Grand Turk, Salt Cay, South Middle or North Caicos

Skilled Worker:

  1. Held a TCI work permit as a skilled worker for not less than 5 years; and

  2. Ordinarily resident in TCI for not less than 5 years; and

  3. Invested not less than:-

    (a) US$200,000 in a home or business in Providenciales; or
    (b) US$75,000 in a home or business on any one of Grand Turk, Salt Cay, South Middle or North Caicos.

Unskilled Worker:

  1. Held a TCI work permit as an unskilled worker for not less than 5 years; and

  2. Ordinarily resident in TCI for not less than 5 years; and

  3. Invested not less than:-

    (a) US$200,000 in a home or business in Providenciales; or
    (b) US$75,000 in a home or business on any one of Grand Turk, Salt Cay, South Middle or North Caicos; or

    Held a work permit as an unskilled worker for a period of not less than 10 years.

Retirement Category (without the right to work):

  1. An investment of not less than US$500,000 in a home, business or approved enterprise in Providenciales; or

  2. An investment of not less than US$125,000 in a home, business or approved enterprise on any one of Grand Turk, Salt Cay, South Middle or North Caicos;

  3. An investment of US$50,000 in an authorised investment on any one of Grand Turk, Salt Cay, South Middle or North Caicos on the strength of an undertaking from the Governor.

Dependent Children of PRC Holders

Can apply for the issuance of a PRC in their own names on attaining the age of 18 years.

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Telephone: (649) 946-4344
Telefax: (649)-946-4564
 

Carrying on business in association with the
Finbar F. Dempsey & Company Group:

Corporation Services Limited
Finbar F. Dempsey & Company
 

Maintained by COMPTCI Ltd.
1999 - 2009 Dempsey & Co - All Rights Reserved

 

Immigration Law in TCI
 

Contact

Tel: (649) 946-4344
Fax: (649) 946 4564

1 Caribbean Place, P.O. Box 97,
Leeward Highway, Providenciales,
Turks & Caicos Isl

General Email


Related Topics


Immigration

Work Permit Fees

Business Licensing

Immigration Article

Getting a Residence Permit (article)