It is not easy for foreigners to gain residency, although there are annual residence and work permits and there is a Permanent Residence Certificate (PRC) for a significant investment in the islands, amongst other categories of residency status. Investment from USD$250,000 (or USD$500,000 on Providenciales or West Caicos). Fees, terms & conditions apply.
There is no income tax on the Turks & Caicos Islands. Nor is there capital gains tax, property tax, estate or inheritance tax or corporate tax relating to real estate.