1. Commonwealth Enterprise & Investment Council
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Turks and Caicos Islands

2. OVERVIEW About the Turks and Caicos Islands
TCI’s relationship with CWEIC
Major Opportunity Sectors
Collective Challenges and Opportunities

3. About the Turks and Caicos Islands
British Overseas Territory consisting of over 40 islands with a population of approximately 41,000
Multi party democracy overseen by a British Governor
2.1% - 1.5% GDP per capita annual growth expected
One of the fastest growing economies in the Caribbean
Budget surplus for and projected 2019 of $11 million +
Acknowledged to be one of the most beautiful places on earth
The Islands receive over 1.3 million visitors per year
USA, Canada and UK largest source of visitors

4. Turks and Caicos Relationship with CWEIC

5. TCI’s relationship with CWEIC
The Turks and Caicos Islands through Invest Turks and Caicos Islands Agency, is an Institutional Strategic Partner of the Commonwealth Enterprise Investment Council (CWEIC).
The membership was established in May 2017.
This relationship allows for significant networking and outreach opportunities to businesses across the Commonwealth, as well as providing support in delivering the TCI’s economic objectives in the UK, a strategically important commercial market.
PEOPLE + PARTICIPATION = OPPORTUNITY

6. TCI’s relationship with CWEIC
Support for the strategic and commercial objectives of the Turks and Caicos Islands through high level introductions, referral opportunities, public relations etc.
Invitations to participate in all CWEIC events and activities across the Commonwealth including the biennial Commonwealth Business Forum and Commonwealth Trade Ministers Meeting.
Recognition of Invest TCI as an Institutional Strategic Partner of CWEIC on its corporate brochure, the homepage of its website and all marketing materials
STRONG BRAND + CLERAR MESSAGE = VISIBILITY

7. TCI’s relationship with CWEIC
CWEIC’s flagship SME development programme Commonwealth First, helps UK SME’s identify opportunities in Commonwealth Markets. The programme can also be adapted for TCI’s SME programme.
ITCIA works with CWEIC’s on specific projects, including hosting tailored events focusing on key priority sectors where CWEIC introduces ITCIA to potential investors and developers.
Invest Turks and Caicos is promoting major sectoral investment targets through the network established with CWEIC, notably the Financial Services Sector.
OPPORTUNITY + VISIBILITY = INVESTMENT

8. Major Opportunity Sectors

9. Opportunity Sector – Tourism and Hospitality
Tourism Infrastructure on the islands has room for development.
Need for additional room inventory Goal 10,000 keys by 2022.
Opportunities also exist in:
Medical Tourism;
Hotel/Convention Centre- There are currently none in the TCI;
Marinas & Marine Industries;
Eco and Dive tourism
Villa development for high net worth individuals
ALL lead to Permanent Residency Opportunities for investors

10. Opportunity Sector- Financial Services
Currently less than 6% of GDP, financial services has significant opportunity for expansion and new entrants
Retail/Commercial Banking (currently 3)
Private Banks (currently 4)
Retail real estate financing apart from traditional banking activities
Credit Union Formation
Wealth Management Companies, incorporated as Trusts or Commercial companies (currently 2)
Long-term asset management through Trust Companies (currently 4)
Real estate investment Trusts;
Specialty, private, and general insurance companies (over 7,300)

11. Other Opportunities Infrastructure Light Manufacturing Agribusiness
Spine Link Road
Cruise Port/Transshipment Port
Light Manufacturing
Beverages
Containers
Construction Materials
Agribusiness
Including Hydroponics
Food Processing and Packaging

12. Opportunities and Challenges
Regional Direct Air-links
Co-ordinated Marine Transportation Services
Grow mid-market Investors
Challenges
Clarify and make transparent Financial Regulatory Implementation
Encourage OT/UK Trade by UK-based Multinationals
Make the OTs a preferred location for goods and services exports

13. KEEP CALM
AND SEIZE
THE
OPPORTUNITIES