TCI: Coronavirus Business Assistance for Small Businesses & Self-Employed Persons

#TurksandCaicosIslands – April 27, 2020 — The Turks and Caicos Islands Government has by virtue of Section 11 of the Emergency Powers (Covid-19) (Economic Relief Measures) Regulations 2020 established the Coronavirus Business Assistance Grant. This relief measure makes it possible for eligible small businesses (MSMEs) and self-employed persons to access cash grants to assist with the expected economic fallout from the Coronavirus (Covid-19) pandemic.

The cash grant may be available to eligible small businesses and self-employed persons as follows:

Self-employed persons: $1,200

Micro Enterprises:               $2,000 (1 to 5 employees)

Small Enterprises:                $3,500 (6 to 19 employees)

Medium Enterprises:          $5,000 (20 to 25 employees)

To be considered for a cash grant ALL small businesses and self-employed persons must submit a Coronavirus Business Assistance Grant Application Form along with the supporting documents referred to on the Application Form.

To view eligibility criteria and submit an online application form please visit the website of the Department of Trade, Industry and Consumer Affairs at: www.gov.tc/trade/stimulus.

For questions or concerns please contact the Department at tradetci@govt.tc.