DEVELOPMENT LAW
The
development and operation of hotels in the islands has been actively
encouraged by the Government of the Turks and Caicos Islands. Over
the past eight years, with an ever increasing number of tourists
visiting the Islands, hotel and resort operators have recognized the
potential of the Islands and a number of large scale developments have
been undertaken and completed on Providenciales and the nearby cays.
Increasingly, the new development on Providenciales has been in the
nature of condominium resorts and residential condominium developments
where capital is been raised against preconstruction sales of
condominium units. This approach reduces the up-front capital
expenditure required of the developer and simplifies dealings with third
party lenders.
Dempsey & Company has represented a
number of resort and commercial developers in acquiring prime commercial
real estate, formulating and implementing their development plans and
representing their interests on an ongoing basis. Development
related services include:
-
Assisting with land
purchases, both private and from the Crown;
-
Negotiating
with Government, TCInvest and Government Departments;
-
Formulating Heads of Agreement and
Development Agreements;
-
Securing Development Orders and
concessions;
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Assisting with Planning and zoning
applications;
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Dealing with
licensing and compliance issues;
-
General
ongoing legal representation and support.
In the
event that you are considering undertaking a commercial development in
the Turks & Caicos Islands, contact us to request more detailed
information on the costs and considerations that will be involved.
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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
