MINISTRY OF FINANCE, INVESTMENT & TRADE PLACES A CONDITIONAL MORATORIUM ON THE ISSUANCE OF BUSINESS LICENSES IN THE CONTRACTORS CATEGORY
The Turks & Caicos Islands Government in an effort to undertake a comprehensive assessment of the contractors licensing category, has placed a six (6) month moratorium on the issuance of all new business license in the contractor category where the applicant is a non- Turks & Caicos Islander or in the case of a partnership or company where any shares are held by a non-Turks and Caicos Islander.
Does this apply to renewals?
No, the moratorium does not apply to existing license holders only new applications.
Can I apply for a new license in this category?
Yes, however this is limited to Turks & Caicos Islander Status Holders only. In the case of a partnership all partners must be Turks & Caicos Islander Status Holder. Companies must also demonstrate that all shareholders in the company are Turks & Caicos Islander Status Holders.
License holders and applicants can visit the Inland Revenue Department at their offices in Grand Turk, Providenciales, or the District Commissioner’s Offices in the family Islands to complete and submit applications/renewal forms. Alternatively, licence holders can utilize the E-Services platform to submit applications or renew their business licence. The E-Services platform can be accessed via the following website: https://busreg.gov.tc/busreg/ or at http://www.gov.tc/revenue.
For more information on the application/renewal process, please visit the Inland Revenue Department at www.gov.tc/revenue or one of their offices in Grand Turk, Providenciales, or the District Commissioner’s Offices in the Family Islands.
