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Barclays Offshore Trust Review


Barclays Offshore Trusts

 

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Barclays Offshore Trusts

Barclays Financial Services in the Turks & Caicos Islands

In recent years, the offshore finance industry in the Turks and Caicos Islands has begun to develop rapidly, thanks to innovative legislation, political and economic stability and a very favourable business environment.

Development of the TCI's financial services industry began with the enactment of the Companies Ordinance of 1981, which has helped to make the TCI an attractive jurisdiction for company formation. The Ordinance continues to form the basis of the TCI's financial services legislation, with ongoing refinements to ensure that it is responsive to the changing needs of the international business community.

The Islands' status as a tax-free jurisdiction has also played a key role in the growth of the offshore finance industry. Additionally, no double-tax or exchange of fiscal information treaties exist with any other country.

Today, the Islands enjoy a prominent position on the international financial scene, attracting a growing clientele for a range of offshore financial services, including banking, insurance, trusts, company formation, partnerships and investment funds.

The TCI's financial industry is regulated by the Financial Services Commission, and independent body committed to maintaining the highest standards of quality and integrity.

The local currency is the US dollar.

Barclays in Turks & Caicos
Barclays has outlets on both the islands of Providenciales and Grand Turk.

In addition, for offshore banking customers, Barclays have a dedicated Offshore Banking Centre in Providenciales.

Barclays is extremely well regarded in the community and has strong connections to local law firms, management and trust companies and other key individuals on the Islands.

For further information on Barclays Offshore Trusts visit the Barclays Website.


 

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