If you're looking for a permanent home or retirement destination packed with friendly people, the best of island culture, sunny days year-round and excitement at every corner, the Turks and Caicos may be the right place for you.
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Crime. Petty crime occurs, including theft from rental vehicles. Muggings and armed assaults also occur, mostly in areas popular with tourists. Be especially vigilant on Providenciales, which has a higher crime rate than the other islands.
Whether they own a home in this part of the world—Oprah, Donna Karen, Christie Brinkley, Keith Richards, Bruce Willis and the late Prince all have or had homes in the TCI—or whether they visit on occasion, the caribbean climate and white sandy beaches are attractive for a host of celebrity guests.
You have both temporary and permanent options open to you. Temporary residency is pretty easy to establish if you're willing to invest in real estate here. You'll need $500,000 on Provo or West Caicos, or $250,000 on other islands. The permit costs $1500 annually- so don't forget to renew!
The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported.
Temporary residency can also apply to those who make an investment in a business or home in TCI. The investment must be $500,000 depending on the island of Providenciales and West Caicos, or $250,000 on any other island within the TCI. Temporary residency permits cost $1,500 and must be renewed every year.
In the second quarter of 2021, 82 single-family homes sold at an average price of $2.31 million, according to the Turks and Caicos Real Estate Association.
The Turks and Caicos Islands, through its status as a British Overseas Territory, is a stable Caribbean country, and there are no restrictions on purchasing real estate in the country by foreign individuals.
Read the country information page for additional information on travel to the Turks and Caicos Islands. If you decide to travel to the Turks and Caicos Islands: Avoid walking alone and at night. Do not answer your door at your hotel/residence unless you know who it is.
Bars and small nightclubs are the most popular local way to have a night out, yet beach BBQs, bonfires, sunset cruises, and special events are also well attended.