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PRC by Investment without Undertaking

Turks and Caicos IslandsInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

This Permanent Residence Certificate route is for investment without an undertaking in a home or business; the qualifying investment is not less than $1,000,000 in a business or home in the Islands.

See recorded sources
Limits of the record
  • The official capture is usable evidence, but its page metadata does not establish a current effective date; independent review remains pending.

What official minimum amount, tier or threshold applies to each relevant option?

The minimum is an investment of not less than $1,000,000 in a business or home in the Islands.

See recorded sources
Limits of the record
  • The official capture is usable evidence, but its page metadata does not establish a current effective date; independent review remains pending.

How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

Evidence is required for a home (an occupancy certificate and valuations before and upon completion) or for a business (licence, ownership and accounts evidence). The official source does not state a holding period. The PRC can be revoked, among other reasons, if the holder ordinarily resides outside the Islands for a continuous period of five years or more, unless authorised by an endorsement.

See recorded sources
Limits of the record
  • The official capture is usable evidence, but its page metadata does not establish a current effective date; independent review remains pending.
  • investment evidence
    Property valuation
  • home evidence
    1. Certificate of occupancy
  • home evidence
    2. Property valuation _prior to_ investment.
  • home evidence
    3. Property valuation _upon completion_ of specified investment
  • business evidence
    1. Business License
  • business evidence
    2. Proof of ownership of the business
  • business evidence
    3. Audited Accounts for the Business or an Unaudited Accounts Confirmed by a Certified Public Accountant showing how much was invested in the business.
  • https://premier.gov.tc/bordercontrol/services/prc
    Permanent Residence status is an immigration status in the Islands that allows the person named on a Permanent Residence Certificate (PRC) to reside without restrictions on the length of time he or she can remain in the islands
  • https://premier.gov.tc/bordercontrol/services/prc
    Can I apply for naturalization as a British Overseas Territory Citizen of the Turks and Caicos Islands after the grant of a Permanent Residence Certificate? You may qualify to apply for naturalization twelve (12) months after obtaining a PRC. Given that there are additional criteria for naturalization
  • https://premier.gov.tc/bordercontrol/services/prc
    Except where authorised by an endorsement on his Certificate, the person has, subsequent to the grant of the Certificate, ordinarily resided outside the Islands for a continuous period of five years or more.

Which family members can be included where officially stated, and what broad residence/work rights result?

A qualifying spouse or child may be endorsed on the PRC; the page excludes other relatives and says stepchildren and children adopted outside the Islands cannot be endorsed. An endorsed spouse does not acquire a work right through the endorsement and needs a work permit or their own PRC to work. The child endorsement expires at 19; the spouse endorsement lasts 11 years and may be renewed. A spouse or child needs their own PRC before seeking naturalisation. A dependent omitted from the initial PRC application cannot be endorsed in a later endorsement application. For PRC investment without an undertaking, the page lists a $200 endorsement fee per dependent, refundable if the application does not qualify or is not approved. It says the granted main applicant cannot work except in their own business or enterprise, while dependents need separate work permission.

See recorded sources
Limits of the record
  • Endorsement depends on qualification, and the main applicant’s own-business work exception does not extend to dependents.
  • Current TC Border Control PRC page, no undertaking route section
    Investment without Undertaking in a Home or Business Investment without Undertaking in a Home or Business - Fee $25,000 Immigration Regulations 13(2) (k) A. You are of good character and in good health Evidence Required: Police Certificate issued in the last six months, and Two character reference letters, and Medical certificate issued in the last six months. B. You have made the following investment Not less than $1,000,000 in a business or home in the Islands. Evidence Required: If in a home Certificate of occupancy Property valuation prior to investment. Property valuation upon completion of specified investment If in a business Business License Proof of ownership of the business Audited Accounts for the Business or an Unaudited Accounts Confirmed by a Certified Public Accountant showing how much was invested in the business. FEES Administrative Fee $150 Non-refundable Certificate of Undertaking $1,500 Non-refundable Application Fee PRC Application $25,000 Endorsements $200 per dependent is refundable if doesn’t qualify or not approved. If granted, the applicant will not have permission to work, save for in his/her own business or enterprise. Dependents will need a work permit or government stamp to work. Please click here for a diagram outlining the application process for Investment Routes
  • Current TC Border Control PRC family section
    I would like for my spouse and child to live in the islands along with me. How can this be facilitated? Your spouse and children may be endorsed on your Permanent Residence Certificate, if they qualify. It should be noted however that an endorsement does not permit your spouse to work in the Islands unless he or she acquires a work permit or his or her own Permanent Residence Certificate. You/Your child may be required to do a DNA test to confirm paternity. You are advised not to take arrange to undergo this tests without specific directions from caseworkers as these will not be accepted. Children adopted outside the Islands and step children may not be endorsed on their adopted parent/stepparent’s Permanent Residence Certificate. A person who fails to disclose a dependent on his initial application for a PRC shall not be able to have that dependent endorsed in any subsequent applications for endorsements. Can other relatives such as parents, nieces, nephews, brothers, sisters, uncles, aunts and grandparents be endorsed? No. Can I apply for naturalization as a British Overseas Territory Citizen of the Turks and Caicos Islands after the grant of a Permanent Residence Certificate? You may qualify to apply for naturalization twelve (12) months after obtaining a PRC. Given that there are additional criteria for naturalization, you should read the following document carefully before submitting an application – Do I need to Naturalise ? Naturalisation fees are non-refundable. Will my spouse and dependents qualify to apply for naturalization as a British Overseas Territory Citizen of the Turks and Caicos Islands while they are endorsed on my Permanent Residence Certificate? No. In order to qualify to apply, your spouse and children will need to acquire his or her own Permanent Residence Certificate before doing so. Is there an expiration date for endorsements on a Permanent Residence Certificate? Yes. The endorsement of a child expires upon attaining the age of 19. With respect to a spouse, the endorsement is valid for eleven (11) years which may be renewed as necessary.

What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

Permanent Residence Certificate (PRC): permanent residence status allowing residence without restriction on length of stay. A PRC holder may qualify to apply for naturalisation as a British Overseas Territory Citizen of the Turks and Caicos Islands twelve months after obtaining the PRC, subject to additional naturalisation criteria. The PRC can be revoked, among other reasons, if the holder ordinarily resides outside the Islands for a continuous period of five years or more, unless authorised by an endorsement. The official source does not state renewal or the fate of the investment.

See recorded sources
Limits of the record
  • No renewal procedure for the PRC itself is stated.
  • What happens to the investment after the PRC is granted (holding period, sale) is not stated.
  • https://premier.gov.tc/bordercontrol/services/prc
    Permanent Residence status is an immigration status in the Islands that allows the person named on a Permanent Residence Certificate (PRC) to reside without restrictions on the length of time he or she can remain in the islands
  • https://premier.gov.tc/bordercontrol/services/prc
    Can I apply for naturalization as a British Overseas Territory Citizen of the Turks and Caicos Islands after the grant of a Permanent Residence Certificate? You may qualify to apply for naturalization twelve (12) months after obtaining a PRC. Given that there are additional criteria for naturalization
  • https://premier.gov.tc/bordercontrol/services/prc
    Except where authorised by an endorsement on his Certificate, the person has, subsequent to the grant of the Certificate, ordinarily resided outside the Islands for a continuous period of five years or more.

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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