Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands

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Corporation Services Limited - Turks & Caicos company formation and management


TCI Ordinary Companies

TCI Ordinary Companies are predominantly used for carrying on business and holding land and assets within the islands. It is common for purchasers of land, houses and condominiums in TCI to take title in the name of an Ordinary Company. Despite the foregoing (and subject to any specific restriction in its objects of association) an Ordinary Company is not restricted from doing business or holding assets outside TCI.

While required to file annual returns and hold general meetings the annual maintenance requirements are in reality, far from burdensome. With proper structuring they can afford the beneficial owners the same level of privacy as IBC's while avoiding any negative connotations associated with IBC's. We regularly recommend Ordinary companies as viable and convenient alternatives to IBC's.

Ordinary companies are typically limited by shares, however, they may be limited by guarantee (i.e. not having a share capital) or incorporated in a hybrid form (i.e. limited by guarantee and having a share capital). The more specialized forms are used in particular cases to achieve specific objectives - see the sites information on Guarantee Companies and Hybrid Companies.

If you are considering setting up a company in the Turks & Caicos feel free to contact us to discuss whether an Ordinary company might be the appropriate choice for you.
 

Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands


Contact Details:


1, Caribbean Place
Leeward Highway,
Providenciales
Turks & Caicos Islands
British West Indies

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

Email

 

 

 
 
Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands


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Corporation Services Limited - Turks & Caicos company formation and management 

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