BUSINESS LICENCE RENEWAL PERIOD 2026

Providenciales, Turks and Caicos Islands – Wednesday, 18^th March 2026: The Inland Revenue Department (IRD), under the Ministry of Finance, Economic Development, Investment, and Trade, wishes to advise the business community and the general public that the renewal period for Business Licences for the Financial Year 2026/2027 will commence on April 1, 2026, and end on April 30, 2026.

Businesses are strongly encouraged to submit their renewal applications and payments within this period. Please note that no extensions will be granted beyond the April 30, 2026 deadline.

In accordance with the newly implemented Business Licensing Act 2026, the following measures will apply to licences that are not renewed within the prescribed period:

• Any Business Licence not renewed on or before April 30, 2026 will be automatically suspended effective May 1, 2026.
• Suspended licences will enter a one-month reinstatement period from May 1 to May 31, 2026, during which time the licence holder may apply for reinstatement and complete the renewal process.
• If the licence is not reinstated by May 31, 2026, the Business Licence will be cancelled.

To facilitate a smooth renewal process, customers are reminded of the following requirements:

• Registered companies must submit copies of their Director Register, Members/Shareholders Register, Beneficial Owner Register, and evidence of Good Standing from the Financial Services Commission (FSC) at the time of renewal.
• Sole traders and partnerships are required to submit a valid Business Name Registration Certificate issued by the FSC.

Please be advised that the list of certifications required for renewal has been revised. Only hotels and other short-term rental providers are required to submit proof of Accommodation Licensing along with their FSC Registration. Additionally, Tourism Service Providers must obtain and display a valid Tourism Licence issued by the Tourism Regulation Authority.

The Inland Revenue Department encourages all businesses to prepare the required documentation ahead of the renewal period to ensure timely processing and compliance with the new requirements.

For additional information, persons may visit the Inland Revenue Department’s website at https://www.gov.tc/revenue/ or contact the Department’s offices in Providenciales 338-5234 and Grand Turk 338-2069, or the District Commissioner’s Offices in the Family Islands.

ENDS

Providenciales, Turks and Caicos Islands – Friday, 6^th March 2026:

The Inland Revenue Department (IRD) has opened a Public Consultation from March 6 – March 20^th 2026 as part of the Government’s Business Licensing Reform, which aims to:

 ✅ Strengthen the Turks and Caicos Islands economy

✅ Expand opportunities for Turks and Caicos Islanders to own and grow businesses

✅ Create a clear and transparent system for classifying business activities

✅ Maintain an open and competitive investment environment

Under the proposed framework, business activities will be grouped into four categories:

🔹 Exclusive – Reserved entirely for Turks and Caicos Islanders to support local entrepreneurship.

🔹 Reserved – Requires at least 60% Islander ownership, encouraging partnerships between Islanders and foreign investors.

🔹 Restricted – Includes industries of national importance (such as energy, hospitals, water treatment, pharmaceuticals, and gaming) that require Cabinet review and additional approvals.

 🔹 General – No ownership restrictions; designed to keep the country open to investment and support business innovation.

The reform also includes measures to support Islander entrepreneurs, including business training, financing support, and stronger transparency rules.

View the full list of proposed categories and fees: www.gov.tc/publications

Join the conversation!

The public and business community are invited to attend the Honorable Premier’s Town Hall Meeting:

Date: Tuesday, March 10, 2026

Time: 6:30 PM

Location: Gustarvus Lightbourne Sports Complex, Providenciales 

You can also submit feedback by email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information, visit:  www.gov.tc/revenue

Your feedback will help shape the future of business in the Turks and Caicos Islands.

ENDS

FOR IMMEDIATE RELEASE

March 2, 2026

BUSINESS LICENCE RENEWAL — REVISED COMMENCEMENT DATE

The Inland Revenue Department (IRD) within the Ministry of Finance, Investment & Trade wishes to inform the business community and the general public of an update regarding Business Licence renewals for Financial Year 2026/2027.

Please note that the renewal process will not commence on March 2, 2026, as previously announced. This adjustment is necessary to allow the Department to complete important administrative and operational preparations to ensure the renewal process is smooth, efficient and convenient for all licence holders.

In the meantime, all existing Business Licences for Financial Year 2025/2026 remain valid. The Ministry is actively working to secure an extension of the current validity period to ensure there is no disruption to businesses and to support a seamless transaction into the 2026/2027 renewal cycle.

A revised commencement date of the amended Business Licence Act will be communicated in due course.

We sincerely regret any inconvenience this change may have cause and thank the business community for its continued patience, understanding and cooperation.

For further information, please visit the IRD's website or contact our offices in Grand Turk or Providenciales, or the District Commissioner's Offices in the Family Islands.

— END —