The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade wishes to inform the business community that the moratorium on the issuance of new Contractor’s licenses commenced on March 21, 2025. This moratorium will remain in effect until September 21, 2025, to allow for a thorough review and assessment of the contractor’s licensing category.

This temporary moratorium applies to applications from following entities:

•  Companies: Where a non-Turks and Caicos Islander or non-Turks and Caicos Islander associate company holds any percentage of shares in the company.
•  Partnerships: Where one (1) of the partners is a non-Turks and Caicos Islander.
•  Sole Traders: In cases where the individual is a non-Turks and Caicos Islander.

The goal of the moratorium is to evaluate the overall structure of the sector while ensuring a thorough and effective process for granting contractor’s licenses.

License holders and applicants seeking to submit applications or renewals are encouraged to visit the Inland Revenue Department at their offices in Grand Turk or Providenciales. Additionally, applicants may visit the District Commissioner’s Offices in the Family Islands to complete and submit their applications/renewal forms.

For more information regarding the application or renewal process, please visit the Inland Revenue Department’s website at https://www.gov.tc/revenue/ or contact one of the IRD offices located in Grand Turk, Providenciales, or the District Commissioner’s Offices in the Family Islands.

The IRD appreciates the cooperation of the business community during this review period and remains committed to improving the licensing process for contractors in the Turks and Caicos Islands.

MINISTRY OF FINANCE, INVESTMENT & TRADE

BUTTERFIELD SQUARE, PARADE AVENUE,

DOWNTOWN, PROVIDENCIALES,

TURKS & CAICOS ISLANDS

www.gov.tc/revenue

(649) 338-5234 or (649) 338-2069

The Inland Revenue Department (IRD) within the Ministry of Finance, Investment & Trade wishes to advise the business community and the general public, that business licenses for the financial year (FY) 2024/2025 will expire on 31st March, 2025.

The Department will only be facilitating manual applications for renewals due to technical challenges with the online E-services platform

To assist with expediting the renewal process, Customers are advised to take note of the following:

• Business License renewals will commence February 24^th
• Registered companies are required to submit copies of their registers of members/shareholders and demonstration of good standing with the Financial Services Commission (FSC) with their application for renewal.
• Sole traders and partnerships must present a valid Business Name Registration Certificate from the FSC along with their application for renewal.
• Application and payment for renewals MUST be made on or before April 30^th, 2025 to avoid penalties.

Please note that significant changes have been made to the list of clearances required for renewal as only Hotels and other short-term rental providers are required to provide Accommodation Licensing along with their FSC Registration to complete the renewal process.  Additionally, Tourism Service Providers must also obtain and present a Tourism license from the Tourism Regulation Authority.

In light of the above, short term accommodation providers are reminded to seek inspection ahead of the renewal deadline.  Applications will not be accepted until all relevant information is received.  The IRD reserves the right to request further documentation and conduct inspections.

For more information, please visit the IRD’s website or  our offices in Grand Turk, Providenciales, or the District Commissioner’s Offices in the family Islands.

The Ministry of Finance, Investment & Trade hereby recirculates the Real Estate (Brokers & Salesmen) Licensing Ordinance 2004 (hereinafter the Ordinance).  

It should be noted that this Ordinance came into force on 26th October, 2004. The purpose of the Ordinance is to regulate and make provision for the licensing of Real Estate Brokers and Salesmen within the Turks & Caicos Islands.  

The Ministry of Finance will be hosting virtual Consultations which will be open to the public at 6.00 pm daily from January 30- February 2, 2024 to raise awareness on the legal criteria for becoming a real estate broker/agent and the sanctions and penalties for non-compliance.   

An electronic meeting link is hereby published on which this Consultation will be held virtually:  at https://zoom.us/j/5600122952?omn=92432939380  

The public is encouraged to refer to  Publications (gov.tc) for the Consultation Paper and also the Real Estate (Brokers & Salesmen) Licensing Ordinance 2004.  

Questions concerning this should be directed to the Ms. Cagina Foster-Lubrin at This email address is being protected from spambots. You need JavaScript enabled to view it.