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, throughout life. This can be obtained by a Business Investment. The options available are:
(a) Minimum investment of $750,000 in a business or enterprise in the island of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos and the business generates employment in the Islands 'and' not less than 60% of the employees are non-work permit holders; or,
(b) Minimum investment of $1,500,000 in a business or enterprise in the islands other than the island of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos 'and' the business generates employment in the Islands and not less than 60% of the employees are non-work permit holders.
The application fees involved are:
Submission of Application
150 USD Non-refundable
Certificate of Undertaking
1,500 USD Non-refundable Application Fee
200 USD per dependent (refundable if doesn’t qualify or not approved)
5 Eligibility Requirements
9 Document Required
Talent gain & drain map of 2015-2019 data. Sourced from World Bank Digital Development Data.
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