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Protecting Turks and Caicos Islanders’ Business Opportunities FIRST

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Zhavargo Jolly

PNP All Island Candidate

 

 

Turks and Caicos, December 24, 2024 – The Turks and Caicos Islands have long embraced a “restricted/reserve category” for specific business licenses. This system was created to empower Turks and Caicos Islanders, providing a fair chance to compete in industries where expatriates often have the upper hand financially. These reserved categories, covering sectors like watersports and construction, were designed to keep critical economic opportunities within the local community. It is a vital part of our economic identity, protecting what is rightfully ours.

Yet, despite its noble intent, loopholes in this system have been exploited, threatening to dismantle its purpose and integrity.

The Exploitation of “Fronting”

One of the most egregious practices undermining this system is “fronting.” This scheme sees expatriates leveraging Turks and Caicos Islanders to appear compliant with the 51/49 ownership rule for restricted business licenses. On paper, locals hold the required majority stake in these businesses. But in reality, clandestine agreements strip them of true ownership and economic benefit.

These agreements, often drafted by lawyers, relegate the local partner to a token role, offering little to no profit share, no equity, and no decision-making power. Instead, the expatriate partner enjoys the bulk of the profits and control, while the local partner is reduced to a figurehead—sometimes in exchange for a small stipend. This manipulation undermines the law’s intent, depriving Turks and Caicos Islanders of the opportunities the system was meant to secure.

To illustrate, a recent audit revealed that in some restricted industries, more than 60% of businesses nominally owned by locals are controlled by expatriates through private agreements. This blatant exploitation not only drains wealth but also erodes trust in our institutions.

A Growing Crisis

Fronting is no longer an isolated issue; it has become a systemic problem. Some law firms have built lucrative practices on facilitating these exploitative arrangements, prioritizing profit over principles. These lawyers are complicit in selling out the rights of Turks and Caicos Islanders, encouraging foreign investors to exploit legal loopholes.

This betrayal has far-reaching consequences, eroding trust in the business community, widening economic inequality, and stripping locals of meaningful participation in their economy.

The Fallout for Turks and Caicos Islanders

The impacts of fronting are devastating and far-reaching:

  • Loss of Economic Empowerment:Fronting drains financial resources from the local economy, leaving Turks and Caicos Islanders with no real stake.
  • Erosion of Generational Wealth:By sidelining locals from business ownership, we deny future generations the opportunity to build and inherit wealth.
  • Diminished Representation in Key Industries:Reserved industries are increasingly dominated by expatriates, marginalizing Turks and Caicos Islanders in sectors that were meant to belong to them.

This exploitation undermines the very essence of the restricted/reserve category, betraying the trust placed in the system to protect local interests.

A Call to Action

This cannot continue. To restore fairness and integrity to our business environment, decisive action is required:

Government Accountability

  • Strengthen enforcement of restricted/reserve category regulations.
  • Impose harsh penalties for businesses and individuals involved in fronting, including license revocation and legal consequences.
  • Close loopholes that allow contracts to circumvent ownership rules.

Regulator Oversight

  • Conduct thorough audits of businesses in restricted industries to ensure compliance.
  • Mandate regular ownership and profit-sharing disclosures.
  • Establish independent review panels to investigate complaints of fronting.

Legal Community Reform

  • Develop ethical guidelines prohibiting the facilitation of fronting arrangements.
  • Hold law firms and lawyers accountable for enabling these schemes, including sanctions or disbarment for violations.

Reclaiming Our Economic Future

The restricted/reserve category represents more than just a regulatory framework—it symbolizes the right of Turks and Caicos Islanders to thrive in their own land. Allowing exploitation to persist robs us of that right and diminishes our economic potential.

The time for change is now. We must demand accountability from all stakeholders, enforce our laws, and protect our birthright. By closing these loopholes and fostering a culture of fairness, we can ensure that Turks and Caicos Islanders are the rightful beneficiaries of opportunities in reserved industries.

Together, we can secure a future where local entrepreneurs thrive, generational wealth is built, and the spirit of Turks and Caicos Islanders is empowered to flourish for generations to come.

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TCI Border Force Hosts Border Security Training for Overseas Territories

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Turks and Caicos, February 12, 2025 – The Turks and Caicos Islands (TCI) Border Force recently concluded a series of critical training exercises focused on container targeting, search procedures, and firearms awareness. This initiative, a vital investment in regional security, saw TCI Border Force officers joined by colleagues from the Anguilla Customs Department, BVI Customs Department, and Cayman Islands Customs and Border Control.

The training, conducted from 21st to 31st January, was facilitated by a team from Home Office International Operations through the Foreign, Commonwealth & Development Office (FCDO) Border Security Programme and organised via the Integrated Security Funding Overseas Territories Border Security Programme. This collaborative effort underscores the commitment of the UK government and participating agencies to combat transnational crime and the flow of illicit goods within the Overseas Territories.

The curriculum encompassed three courses. The first, Fundamentals of Container Targeting (21st-24th January), focused on enhancing participants’ understanding of current priorities and container targeting capabilities, risk analysis within container traffic, and practical exercises utilising intelligence flows. The second, Search of Containers, saw participants receive specialised training on current threats facing the shipping industry and best practices for container search procedures. Finally, a crucial course on Firearms Awareness provided instruction on various types of firearms and the identification of firearm parts, equipping officers with the knowledge necessary to interdict illegal weapons.

These training exercises represent a significant step forward in strengthening the TCI Border Force’s ability to facilitate trade while protecting the borders of the Turks and Caicos Islands. Enhanced targeting and search capabilities will lead to more effective screening of cargo and potentially shorter processing times for legitimate shipments. Greater security will also be evident as the increased focus on firearms awareness will contribute to a safer environment.

“This training is a crucial investment in the safety and security of the Turks and Caicos Islands,” stated Emilio Seymour; Director General of TCI Border Force. “By working collaboratively with our regional partners and leveraging the expertise of the Home Office, we are significantly improving our ability to detect and deter criminal activity. The enhanced skills acquired by our officers will have a direct and positive impact on our community, protecting our economy and ensuring a safer environment for all.”

The TCI Border Force remains committed to protecting the borders of the Turks and Caicos Islands and ensuring the safety and security of its citizens. This training initiative represents a significant investment in that commitment.

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Solar PV Projects Completed at Critical Turks and Caicos Islands Healthcare Facilities

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Grand Turk Wellness Center

PRESS RELEASE

 

FROM THE Ministry of Public Safety and Utilities

South Caicos

Providenciales, Turks and Caicos Islands 11th February 2025 – The Turks and Caicos Islands (TCI) have taken a significant step toward a more sustainable energy future with the installation of five (5) solar photovoltaic (PV) systems at key healthcare facilities across the archipelago.

This initiative, funded by the European Union through the Resilience, Sustainable Energy, and Marine Biodiversity Programme (RESEMBID) and implemented by Expertise France, aims to enhance sustainability, reduce operational costs for the TCI Government, and contribute to long-term economic viability.

North Caicos

The solar PV systems have been strategically installed at critical medical facilities, including the Blue Hills Clinic in Providenciales, the Bottle Creek Clinic in North Caicos, the Alsada Hall-Malcolm Primary Healthcare Clinic in Middle Caicos, the South Caicos Primary Health Clinic, and the Wellness Centre in Grand Turk. These healthcare centers provide essential services to local communities, and the integration of solar energy demonstrates TCI’s commitment to environmental responsibility and energy efficiency within vital public sectors.

Leading this transformative initiative is the Energy and Utilities Department (EUD) under the Ministry of Public Safety and Utilities (MPSU). The EUD has overseen the installation and integration of these solar PV systems within the local energy landscape, leveraging the islands’ abundant sunshine which averages approximately 350 sunny days per year — an ideal setting for solar energy generation. These systems, equipped with advanced battery storage solutions, will significantly reduce electricity costs for healthcare facilities while ensuring uninterrupted power supply during grid outages or energy supply challenges.

Middle Caicos

EUD Commissioner Delano R. Arthur emphasized the importance of this initiative: “The solar PV systems will greatly reduce electricity costs and symbolize our shift toward a sustainable energy future. This investment not only strengthens energy security, but reduces dependence on imported fossil fuels, lowering carbon emissions and environmental impact.”

The collaboration between the European Union, Expertise France, and local government agencies ensures that the project aligns with international renewable energy standards, benefiting both the environment and the community. Installation was successfully carried out by Green Revolution Ltd., a local company committed to advancing sustainable development in TCI. Their involvement highlights the importance of local expertise and community engagement in executing renewable energy initiatives.

Blue Hills

For further information, please contact:

Energy and Utilities Department (EUD)
Email: eud@gov.tc

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SHARK INCIDENT, BLUE HILLS

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12 February 2025, Providenciales – On Friday 7 February a tourist was injured by a shark in the waters adjacent to Blue Hills, Providenciales.

The individual was taken to Cheshire Hall Medical Centre where she was stabilized and later flown off island for further medical care.

Upon confirmation of the incident the Department of Environment & Coastal Resources (DECR) issued a beach closure notification from Thompson’s Cove Beach to Froggies ATV, Blue Hills in an abundance of caution. The beach was reopened on Sunday, February 9th at 1pm after it was determined that the shark had moved to deeper water.

The shark was estimated to be approximately 6ft in length, however the species is yet to be confirmed.

Further to the investigation, it has been determined that the tourist had attempted to engage with the animal from the shallows in an attempt to take photographs.

The DECR would like to urge the public to always  be aware of your surroundings, follow local advisories, and respect marine life. Swim in designated areas, avoid murky waters, never swim alone, and do not attempt to feed marine wildlife under any circumstances

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