|The Turks & Caicos Islands is a ‘‘British Offshore Territory‘‘ situated approx. 575 miles south east of Miami, FL, approximately 1.5 hours flying time by the Partnership’s Business Jet. The territory has a stable, locally elected government, enacting local ordinances and laws, but with a level of British oversight in place.||
The English speaking Turks & Caicos Islands has a population of approximately 35,000, most of which reside on the most developed island, Providenciales, 40 miles west north west of Ambergris Cay. The Turks & CaicosIslands has the third largest barrier reef system in the world.
The Turks & Caicos is an offshore, tax-free domicile, with no direct taxation on income, capital, capital gains, corporation or withholding taxes. There is also no property tax or VAT. The US dollar is used as currency making its an ideal location for the Partnership’s US Private Export Bank Branch with its IFC.
Ambergris Cay has been in private hands since early 1800’s. It was planned in the early 1995 period to be established as luxury Island Resort for the rich and famous; until a Receiver was put in control in early 2007 owing to the Global Financial Crisis.
The Partnership has had interest in the remaining available land not otherwise sold in the Island to private residents including the Airport Facilities with direct Miami, US flights.
The Airport Facilities include a 5,700 foot private airstrip at Harold Charles International Airport, the longest private airstrip in the Caribbean. Harold Charles International Airport offers international certification, aircraft accommodations up to a GV and on-site Customs & Immigration upon re-use as the planned Partnership Business Resort.
The current owner is by the Mortgagee in possession of the Island, which is a British Caribbean Bank, managing its upkeep through the Receiver.
The Partnership is working through negotiations with the Receiver of the Island for its purchase and is hopeful of reaching a suitable agreement shortly for its total remaining purchase. Otherwise, the Partnership shall locate an alternate Business Resort location either on Grand Turk (the Capital of TCI) or one of the other suitable TCI Islands.
Ambergris Cay is believed to be an ideal location for the Partnership’s World Visa to be launched through the initial development of the US Bank Holding Company. The investment in the World Visa shall allow the Partnership’s Visa Members to invest for establishing its presence in the Americas’ Region for its Export / Import Business and related ventures through the IFC.
The luxury Business Resort developed in Ambergris Cay by the Partnership shall allow its Visa Members to obtain a Permanent Resident Certificate (PRC) with TCI prior approval with the ability to have a British Offshore Territory Citizenship Passport at the end of five (5) years; having the capacity to be exchanged for USA and Commonwealth Citizenship if needed.
Note: The Partnership is not dependant on the Ambergris Caye purchase as its main initial investment in TCI, shall be the establishment of the TCI Private Bank Branch following approval by the US Federal Reserve Board and the TCI Government.
World Experience Business Resort
Pending arranging the Business Resort in TCI, the Partnership is arranging the purchase of suitable existing Cruise Ship Hotel with its own Heliport to provide those Visa Members an opportunity to join immediately for the World Visa; if not the TCI British Offshore Visa.
The World Experience shall be used as a permanent Cruising Hotel Business Resort so as cruise while carrying out its business in the Export / Import with its own International Bank Branch to allow for interested Joint Venture Partner Visa Members to participate. The initial planned Cruise locations are suggested below so as to also use the World Experience as a Flag Ship for promoting the Partnership’s Business and provide a convenience to its Members.
Further information on the World Visa as it relates to the TCI British Offshore Territory Citizenship can be viewed at TCI British Offshore Territory Page.