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MINISTRY OF FINANCE, INVESTMENT & TRADE 2025/26 BUSINESS LICENCE RENEWALS

Latest News 28 February 2025

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 24th
  • 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 30th, 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.

 
 

 

NOTICE OF PUBLIC CONSULTATION “THE REAL ESTATE (BROKERS & SALESMEN) LICENSING ORDINANCE, 2004”

Latest News 28 January 2024

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.

2023/24 BUSINESS LICENCE RENEWALS

Latest News 01 March 2023

The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade hereby advises the business community and the wider public, that business licenses for the financial year (FY) 2022/2023 will expire on 31st March, 2023.

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

  • Registered companies are required to submit a copy of their register 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.
  • Establishments requiring annual inspections from the Environmental Health Department and/or an Accommodation License 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.
  • Business License renewals will commence March 2nd, 2023.
  • Application and payment for renewals MUST be made on or before April 30th, 2023 to avoid penalties.

Licence Holders are encouraged to utilize our new E-Services platform to renew their business licence. The E-Services platform can be accessed via the following website: https://busreg.gov.tc/busreg/   or through the IRD’s website: http://www.gov.tc/revenue.

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

  1. NOTICE OF TOURIST ACCOMODATION RECLASSIFICATION
  2. NOTICE OF AMENDMENT TO THE APPLICATION & APPROVAL PROCESS FOR RESTRICTED BUSINESS LICENCE ACTIVITIES
  3. EXTENSION OF HOTEL, RESTAURANT & TOURISM TAXES DUE SEPTEMBER 2022
  4. REMINDER FOR END OF BUSINESS LICENSE RENEWAL AND PERIOD OF AMNESTY
  5. END OF BUSINESS LICENSE RENEWAL AND PERIOD OF AMNESTY

Subcategories

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e-SERVICES

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  • Contact Us
  • (649) 338-5234
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  • tcirevenuedepartment@gov.tc
  • Mon - Thu 8:00 AM - 4:30 PM; Fri 8:00 AM - 4:00 PM