The Turks & Caicos Islands draw almost half a million visitors each year. The stable, long-standing government, ease of property ownership by foreigners, low crime rate, and tax-friendly environment make property ownership on the islands desireable to many.
Despite the weaknesses in the US economy, property values in the Turks & Caicos have remained steady due to the islands being favoured as a home base for many celebrities and other well-heeled investors.
Property purchase requirements are quite straightforward in the Turks & Caicos. There are no property taxes, no income taxes on revenues generated by property ownership and no capital gains taxes on property transfer.
The costs of purchasing a property include, a government stamp duty of 6.5% to 9.75% based on purchase price, attorney fees for conveyancing documentation, fees related to financing/mortgage, and any fees related to company incorporation and annual maintenance should the purchaser prefer to hold the property inside a corporation.
We look forward to helping you decide if property ownership at Villa del Mar is right for you. For more information and to explore ownership opportunities, please telephone 877-506-3222 Ext.7, send an e-mail to firstname.lastname@example.org or complete this inquiry form.