Building Societies
The institution of a "Building Society" compares broadly to the
American equivalent "Savings and Loan Association." Such an
institution serves as an asset holder for primarily home mortgage loans. The
Building Society can, however, serve additional purposes. A simple structure
under the existing Turks and Caicos Islands law could be: exempt company -
operating - building society, and while legal and viable, there would be no
governmental supervision.
Barnett and Associates specializes in the creation of tax shelters and
other offshore work and is based in the Turks and Caicos Islands. No
illegal moneys are being sought, and a due
diligence verification is required.
In addition to helping our clients establish a bank in the Turks and Caicos
Islands, we can assist in developing other options that may also be useful. These
include a cost-effective holding company, and a vehicle which we have found, in
the form of a Building Society. We here outline the differences, and will quote
fees on request.
We work with our clients to consider any of these options.
Feel free to revert to us with any questions.
