Does Turks and Caicos tax foreign income?

Not taxed. In one line: 0% on foreign income · 0% on local income.

Can I run an online business from Turks and Caicos?

Effective tax about 0% with the cheapest legal set-up, which costs about USD 1,500 a year: no income tax.

What is the catch in Turks and Caicos?

Stamp duty on property purchases is high; .

Moving to Turks and Caicos: tax, residence and real costs (2026)

Turks and Caicos: 0% on foreign income · 0% on local income. The cheapest route to residence is permanent Residence Certificate by investment (USD 1 M; less on some islands) + government fee: USD 1 million that stays yours (deposit, investment or funds shown) plus about USD 60k in fees, in about 6 months. Living costs about USD 3,200 a month for one person in the main city, and around USD 2,300 on a bare-minimum budget.

Key facts

Tax in one line	0% on foreign income · 0% on local income
Foreign income	not taxed
Gains · dividends	0 · 0
Wealth · inheritance tax	none · none
Cheapest residence	Permanent Residence Certificate by investment (USD 1 M; less on some islands) + government fee
Money needed	USD 1 million that stays yours (deposit, investment or funds shown) plus about USD 60k in fees
Time	about 6 months
Doable yourself?	Mostly; a local fixer for one step helps
Days you must spend there	residence
Citizenship	none
Online business	0% effective, about USD 1,500 a year to run: no income tax
Living (one person a month)	main city ~USD 3,200; bare minimum ~USD 2,300; family of four ~USD 7,700
Good for	a beach home that is also a permanent residence
Common set-up	a home + permanent residence certificate

Pros and cons

Pros	Cons
No direct taxes at all Permanent residence through a home US dollar, near Miami	Expensive, small Few banks Stamp duty on property up to 10%

Questions

How much does residence in Turks and Caicos cost?: Permanent Residence Certificate by investment (USD 1 M; less on some islands) + government fee: USD 1 million that stays yours (deposit, investment or funds shown) plus about USD 60k in fees, about 6 months.
Does Turks and Caicos tax foreign income?: Not taxed. In one line: 0% on foreign income · 0% on local income.
What does it cost to live in Turks and Caicos?: Living costs about USD 3,200 a month for one person in the main city, and around USD 2,300 on a bare-minimum budget (based on livingcost.org, 2026).
Can I run an online business from Turks and Caicos?: Effective tax about 0% with the cheapest legal set-up, which costs about USD 1,500 a year: no income tax.
What is the catch in Turks and Caicos?: Stamp duty on property purchases is high; .

Compare

Bahamas: 0% on foreign income · 0% on local income · no gains or estate tax
Cayman Islands: 0% on foreign income · 0% on local income · no gains or estate tax
Puerto Rico (Act 60): US citizens: 0% on Puerto Rico dividends, interest and post-move gains · 4% on export-services companies
Bermuda: 0% on foreign income · 0% on local income (payroll tax on wages)
Anguilla: 0% on foreign income · 0% on local income
St Kitts and Nevis: 0% on foreign income · 0% on local income
Antigua and Barbuda: 0% on foreign income · 0% on local personal income
Barbados: 0% on foreign income not brought in · up to 28.5% on local income · no gains tax

Compare all 53 places with your own income and budget →

Sources

https://www.gov.tc
Living costs: based on livingcost.org (estimate), rounded