The Turks and Caicos Islands is one of the world's most tax-efficient jurisdictions. There are no income, capital gains, gift, or inheritance taxes of any kind. There are also no exchange controls and no tax treaties with any other jurisdictions. 

Furthermore, the Turks and Caicos Islands has strict professional and banking confidentiality laws, and the unauthorized disclosure of confidential information is a criminal offence. Companies or international business corporations incorporated in the Turks and Caicos Islands are automatically exempted from future taxation for a period of twenty years.