Times of the Islands Spring 2021
Presents the "soul of the Turks & Caicos Islands" with in-depth features about local people, culture, history, environment, real estate, businesses, resorts, restaurants and activities.
Presents the "soul of the Turks & Caicos Islands" with in-depth features about local people, culture, history, environment, real estate, businesses, resorts, restaurants and activities.
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The legal system is based upon English Common<br />
Law and administered by a resident Chief Justice, Chief<br />
Magistrate, and Deputy Magistrates. Judges <strong>of</strong> <strong>the</strong> Court<br />
<strong>of</strong> Appeal visit <strong>the</strong> <strong>Islands</strong> twice a year and <strong>the</strong>re is a final<br />
Right <strong>of</strong> Appeal to Her Majesty’s Privy Council in London.<br />
Taxes<br />
There are currently no direct taxes on ei<strong>the</strong>r income<br />
or capital for individuals or companies. There are no<br />
exchange controls. Indirect taxation comprises customs<br />
duties and fees, stamp duty, taxes on accommodations,<br />
restaurants, vehicle rentals, o<strong>the</strong>r services and gasoline,<br />
as well as business license fees and departure taxes.<br />
Economy<br />
Historically, TCI’s economy relied on <strong>the</strong> export <strong>of</strong> salt.<br />
Currently, tourism, <strong>the</strong> <strong>of</strong>fshore finance industry, and<br />
fishing generate <strong>the</strong> most private sector income. The<br />
<strong>Islands</strong>’ main exports are lobster and conch. Practically<br />
all consumer goods and foodstuffs are imported.<br />
The Turks & Caicos <strong>Islands</strong> are recognised as an<br />
important <strong>of</strong>fshore financial centre, <strong>of</strong>fering services<br />
such as company formation, <strong>of</strong>fshore insurance, banking,<br />
trusts, limited partnerships, and limited life companies.<br />
The Financial Services Commission regulates <strong>the</strong> industry<br />
and spearheads <strong>the</strong> development <strong>of</strong> <strong>of</strong>fshore legislation.<br />
People<br />
Citizens <strong>of</strong> <strong>the</strong> Turks & Caicos <strong>Islands</strong> are termed<br />
“Belongers” and are primarily descendants <strong>of</strong> African<br />
slaves who were brought to <strong>the</strong> <strong>Islands</strong> to work in <strong>the</strong><br />
salt ponds and cotton plantations. The country’s large<br />
expatriate population includes Canadians, Americans,<br />
Brits and Europeans, along with Haitians, Jamaicans,<br />
Dominicans, Bahamians, Indians, and Filipinos.<br />
Churches<br />
Churches are <strong>the</strong> center <strong>of</strong> community life and <strong>the</strong>re<br />
are many faiths represented in <strong>the</strong> <strong>Islands</strong> including:<br />
Adventist, Anglican, Assembly <strong>of</strong> God, Baha’i, Baptist,<br />
Catholic, Church <strong>of</strong> God, Episcopal, Jehovah’s Witnesses,<br />
Methodist and Pentecostal. Visitors are always welcome.<br />
Pets<br />
Incoming pets must have an import permit, veterinary<br />
health certificate, vaccination certificate, and lab test<br />
results to be submitted at <strong>the</strong> port <strong>of</strong> entry to obtain<br />
clearance from <strong>the</strong> TCI Department <strong>of</strong> Agriculture, Animal<br />
Health Services.<br />
National symbols<br />
The National Bird is <strong>the</strong> Brown pelican (Pelecanus occidentalis).<br />
The National Plant is Island hea<strong>the</strong>r (Limonium<br />
bahamense) found nowhere else in <strong>the</strong> world. The<br />
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