INVEST TCI LAUNCHES HERITAGE TURKS AND CAICOS ISLANDER INVESTMENT INCENTIVE POLICY AT BREAKFAST AND BUSINESS EVENT
Providenciales, Turks and Caicos Islands – Monday, 24th November 2025: Invest Turks and Caicos Islands (Invest TCI) officially launched the Heritage Turks and Caicos Islander Investment Incentive Policy (HTCIP) at its signature Breakfast and Business event held at Shore Club on Monday, November 17th, 2025. The high-level event, moderated by Investment Services Executive, Mr. Salik Garland, brought together senior government officials, members of Cabinet, and top-tier business leaders for an in-depth discussion on the development of the HTCIP, which is designed to diversify investment across the islands and encourage larger-scale local participation.
Among those in attendance were Premier Hon. Charles Washington Misick, Deputy Governor Her Excellency Anya Williams, Deputy Premier and Minister with responsibility for Immigration and Border Force Hon. Jamell Robinson, and other members of Cabinet.
Special remarks were delivered by Premier Hon. Charles Washington Misick, who emphasized the importance of inclusivity and innovation in advancing national development. He noted that the HTCIP provides meaningful investment incentives and highlighted its role in promoting balanced spatial development by encouraging a wider distribution of investment activity across the Turks and Caicos Islands.
The CEO of Invest TCI, Mrs. Angela Musgrove, followed with an in-depth presentation outlining the country’s investment landscape. She explained that the Turks and Caicos Islands have experienced significant growth driven by foreign direct investment, which accounts for more than 80 percent of private-sector inflows; however, local ownership remains relatively limited. The HTCIP is designed to help address this imbalance by expanding opportunities for Heritage Turks and Caicos Islanders.
Mrs. Musgrove noted that the policy introduces benefits such as 100 percent import duty concessions on development materials and a 50 percent reduction in duties on property acquisitions. She also highlighted a streamlined 12-week approval process. She explained that the initiative complements both the MSME Programme and the National Investment Policy, creating a continuum of support that spans from small enterprises to major developments. According to Mrs. Musgrove, the policy reflects a sustained commitment to genuine inclusion and equitable participation in the country’s economic future.
A key highlight of the event was the interactive Q&A segment, which generated thoughtful discussion among attendees. Participants raised questions about the long-term vision of the HTCIP, opportunities for financing, access to supporting government policies, and the scope and limitations of the initiative. Premier Hon. Charles Washington Misick, Her Excellency Anya Williams, Deputy Premier Hon. Jamell Robinson, and CEO Mrs. Angela Musgrove responded directly, offering clarity and reinforcing the government’s commitment to transparent and inclusive economic development. The exchange energized the room and provided attendees with a clearer understanding of how the policy will influence future investment opportunities across the Turks and Caicos Islands.
The event concluded with a vote of thanks delivered by Ms. Sheryl McLaughlin, followed by a vibrant networking session where attendees engaged with the Premier, members of Cabinet, and Invest TCI staff over breakfast. The Breakfast and Business series continues to serve as an important platform for dialogue, collaboration, and the advancement of investment opportunities within the Turks and Caicos Islands.
About Invest Turks and Caicos
Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.
We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:
– Information on the local business climate;
– facilitating contact with relevant Government Departments throughout the investment process;
– advice on Government incentives and concessions to investors;
– introductions to local service providers/suppliers;
– advice on work permits and permanent residency procedures;
– ongoing support following set up.
We also work actively to support the growth of local businesses, including the management and delivery of the Micro Small and Medium Enterprise programme which provides concessions and reliefs to locally owned businesses.