Barclays
Offshore Trusts
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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