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Invest TCI Celebrates a Decade of Innovation and Impact

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Providenciales, Turks and Caicos Islands – Friday, 25th July 2025: As the investment landscape of the Turks and Caicos Islands has transformed over the past decade, so too has the role of Invest TCI. Now marking ten years of service, the Agency has helped shape a more inclusive and resilient economy — facilitating over $1.2 billion in investment and supporting hundreds of local enterprises along the way.

A Decade of Investment and Impact

Over the past decade, Invest TCI has supported over 300 micro, small and medium-sized enterprises (MSMEs) through its MSME Programme. Since the first round of MSME approvals in 2016, the programme has expanded to include sixteen priority areas, creating more opportunities for locals to strengthen and scale their business across a range of industries. The MSME Programme has continued to grow with nationwide outreach initiatives, including island-wide roadshows, playing a vital role in raising awareness of its benefits and offering direct support and guidance to both aspiring and existing entrepreneurs.

In 2023, Invest TCI hosted its first MSME Award Ceremony, recognizing outstanding local entrepreneurs who had demonstrated exceptional resilience and commitment throughout the programme. Further strengthening the programme, in 2024, an impact study was conducted to assess its outcomes, measure its contribution to economic growth, and inform future improvements to better serve local entrepreneurs. Notably, also in 2024, one MSME recipient expanded operations and is now being assessed outside the MSME category, which indicates the impact of the programme in nurturing small businesses into sustainable large-scale enterprises.

Invest TCI continues to play a strategic role in strengthening a favourable business environment for investors and bolstering the FDI ecosystem of the Turks and Caicos Islands. The agency has secured over $1.2 billion in foreign direct investments through executed development agreements, creating more than 1000 direct employment opportunities for locals. As due diligence remains a critical component during the vetting process, Invest TCI remains committed to supporting credible, high-impact developments that align with national development priorities. Over the last ten years, the agency has built relationships with global brands such as Ritz-Carlton, IHG, positioning the Turks and Caicos Islands as a premier destination for high-end investment and development.  At the same time, the Agency has strengthened ties with renowned local brands, including Grace Bay Club and The Hartling Group; longstanding partners who continue to expand their footprint and contribute significantly to the country’s tourism and real estate landscape.

Recognizing the need to better support a growing and diverse client base, Invest TCI made a strategic decision in 2023 to establish the Business Support Unit to provide dedicated and comprehensive support and training to entrepreneurs and small businesses. As the services offered continued to spread across the country, the agency noticed the need to enhance its presence in Grand Turk. In recent years, small business activity on the island has increased, alongside growing investor interest in Grand Turk’s unique cultural and economic potential.

Global Recognition and Strategic Partnerships

An important element of Invest TCI’s accomplishments contributed to defining the brand and visual identity of the agency. Invest TCI was carefully rebranded in 2017, strengthening the agency’s value proposition to investors. Its unique visual identity has been instrumental in communicating the country’s attractiveness and capturing the attention of international partners.

Invest TCI continues to generate international interest through its active participation in investment–focused international events, and the publication of several thought leadership articles, positioning the Turks and Caicos Islands as a forward-looking, investor-ready destination for investment. This proactive approach has created opportunities for the agency’s team to contribute to international planning committees and assume leadership roles within the global investment promotion community. In 2023, CEO of Invest TCI, Mrs. Angela Musgrove, was appointed as a Director of the Caribbean Association of Investment Promotion Agencies (CAIPA), a role that strengthens collaboration across the Caribbean, and has increased the visibility of the Turks and Caicos Islands among international investors.

Through strategic partnerships, projects facilitated by the agency have been recognized at the Caribbean Hotel & Resort Investment Summit, now known as ALIS CALA. The agency continues to provide global exposure for its MSMEs, most recently through its partnership with DMZ Canada. This collaboration has created international growth opportunities for entrepreneurs like Ms. Mary Fulford, owner of Island Mystique, who is now exploring new markets and expanding her business reach.

Leveraging Policy and Sustainability

In alignment with global sustainability trends, Invest TCI continues to champion sustainability by exploring further integration of Environmental, Social, and Governance (ESG) principles into the investment screening and facilitation process.

In addition to its vital role in attracting investments, Invest TCI actively participates in policy advocacy. To date, the agency has contributed to several policy recommendations, including but not limited to the revised National Investment Policy, MSME and Refurbishment Policies, ensuring the policy environment remains aligned with investor needs and national goals.

Looking Ahead

CEO of Invest TCI, Mrs. Angela Musgrove stated “As we mark this decade of service, we do so with gratitude for our partners, pride in our people, and optimism for the future. Our mission remains bold: to catalyze inclusive, sustainable investment that empowers every island and every entrepreneur across the Turks and Caicos.”

To commemorate this milestone, Invest TCI will host a series of events, including a celebratory Annual General Meeting that will convene government leaders, investors, and entrepreneurs to highlight those who have contributed to our economic landscape and explore the next phase of economic opportunities for the islands.

As Invest TCI enters its second decade, its mission remains clear: to drive sustainable investment that benefits the people of the Turks and Caicos Islands, builds resilient industries, and strengthens the country’s position on the global investment stage.

Looking ahead, Invest TCI will prioritise a better investor experience through innovative experiences and resources while adopting AI for a seamless process. Invest TCI reaffirms its commitment to continued outreach across the islands to ensure that every community can participate meaningfully in the country’s economic future.

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Better Products, Safer Services Targeted Under National Quality Plan

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Government Advances Policy Aimed at Consumer Protection and Higher Business Standards

 

By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — Efforts to improve product quality, strengthen consumer protections and raise business standards across the Turks and Caicos Islands are moving into a new phase as government advances implementation of its National Quality Policy.

The Department of Trade, Industry and Fair Competition announced that a team of consultants spent a week in the Turks and Caicos Islands meeting with key public and private sector stakeholders as part of the policy’s implementation process.

Approved by Cabinet in October 2024, the National Quality Policy is designed to establish a national quality infrastructure that supports trade, protects consumers and improves the competitiveness of local businesses.

For consumers, the long-term goal is straightforward: greater confidence that products and services meet accepted standards for quality, safety and reliability.

For businesses, the initiative aims to encourage stronger quality management systems that can improve efficiency, build customer trust and create opportunities for expansion into regional and international markets.

During the May 25 to 29 mission, consultants met with representatives from the National Quality Council, Pelican Energy TCI, the Turks and Caicos Islands Airports Authority, the TCI Government Laboratory, the Turks and Caicos Hotel and Tourism Association and Turks Head Brewery.

According to the Department, the consultations were intended to assess existing quality-related systems, identify gaps and gather recommendations that will help shape the Territory’s national quality infrastructure.

“The policy serves as a strategic framework for establishing a national quality infrastructure in the Turks and Caicos Islands, aimed at improving quality standards, supporting trade, protecting consumers, and enhancing economic competitiveness,” the Department said in a statement.

Officials explained that stakeholder feedback will help determine what systems, standards and programmes are needed to strengthen quality assurance across various sectors of the economy.

The Department said the information gathered will guide the next stage of implementation and help ensure the policy delivers meaningful benefits throughout the Islands.

Among the initiatives expected to emerge from the process are a Quality Certification Programme and a series of educational workshops designed to help businesses understand and adopt quality standards.

A second round of stakeholder consultations is scheduled for June, allowing government and industry representatives to continue discussions and further assess priority areas identified during the initial mission.

Officials say the ultimate objective is to build a culture of quality that benefits consumers, businesses and the wider economy by encouraging higher standards, greater accountability and improved competitiveness.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

 

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240 Migrants Interdicted in TCI Waters; Regiment says Mission Averted Potential Maritime Tragedy

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By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — Startling video released by U.S. Customs and Border Protection showing hundreds of suspected Haitian migrants crammed aboard an overloaded vessel has renewed concerns about the worsening migration crisis in the region and the increasing pressure being placed on the Turks and Caicos Islands.

The vessel, carrying 240 irregular migrants, was intercepted in Turks and Caicos waters on the night of May 31, in a joint operation involving the Turks and Caicos Islands Regiment, the Royal Turks and Caicos Islands Police Force, the TCI Border Force, the United States Coast Guard and U.S. Customs and Border Protection Air and Marine Operations.

Earlier reports from U.S. authorities revealed that the vessel was discovered in a dangerously overcrowded condition and was ultimately secured and escorted to shore by local marine officers.

Now, a newly released statement from the Turks and Caicos Islands Regiment sheds additional light on the operation and the risks involved.

According to the Regiment, Patrol Vessel James Fulford interdicted the vessel at approximately 9:33 p.m. within territorial waters before authorities determined the situation was far more serious than a routine migrant interception.

“Upon evaluating the migrant vessel, the Royal Turks and Caicos Islands Police Force immediately upgraded the operation to a critical incident, prioritizing Safety of Life at Sea protocols to avert a maritime disaster,” the statement explained.

The migrants were identified as 191 adult males, 44 adult females, one male minor and four female minors.

All 240 individuals were safely transferred to authorities for processing, health assessments and security screening.

Lieutenant Colonel Ennis Grant, Commanding Officer of the TCI Regiment, praised the coordinated response among local and international agencies.

“This mission underscores the efficacy of our multi-agency partnerships. The rapid transition of this operation from a standard interdiction task to a high-priority Safety of Life at Sea intervention demonstrates the professionalism and readiness of our joint forces. By working in seamless tandem with our U.S. partners, we successfully prevented a potential maritime tragedy.”

The incident highlights the continuing humanitarian and security challenges facing the Turks and Caicos Islands as instability, gang violence and economic hardship continue to drive migration from Haiti.

While much larger nations often dominate regional migration discussions, the latest interdiction demonstrates the outsized role the Turks and Caicos Islands continues to play on the front line of Caribbean migration enforcement.

The Regiment said it remains committed to securing the country’s maritime borders through persistent surveillance and strong inter-agency cooperation.

The interception is among the largest migrant landings recorded in the Turks and Caicos Islands this year and serves as another reminder of the dangerous journeys many Haitians continue to undertake in search of safety and opportunity.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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How Misick Fell Short of The UN’s Worst Corruption Standard

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Judge Cites Kofi Annan, But Finds No Evidence Defendants Caused the Wider Harm Described by the Former UN Chief

 

By Deandrea Hamilton

Turks and Caicos, June 9, 2026 – One week after former Premier Michael Misick, former Cabinet minister McAllister Hanchell and attorney Thomas “Chal” Misick began serving prison sentences in the Turks and Caicos Islands’ landmark corruption case, attention is turning to a significant distinction made by Justice Rajendra Narine during sentencing.

In imposing prison terms on May 29, the judge agreed that corruption is a serious offence capable of causing profound societal harm. Yet he also found that there was no evidence the three convicted men caused the sweeping consequences described in one of the world’s most famous condemnations of corruption.

The quotation came from former United Nations Secretary-General Kofi Annan, who famously wrote:

“Corruption is an insidious plague that has a wide range of corrosive effects on societies. It undermines democracy and the rule of law, leads to violations of human rights, distorts markets, erodes the quality of life and allows organized crime, terrorism and other threats to human security to flourish.”

Annan further observed:

“This evil phenomenon is found in all countries — big and small, rich and poor — but it is in the developing world that its effects are most destructive.”

Justice Narine acknowledged the quotation but drew an important distinction between the broad consequences of corruption described by Annan and the evidence presented during the trial.

“The court agrees that there is no evidence in this case that the offending parties actually caused or contributed to any of the harmful consequences described in the quotation,” Narine said.

The finding did not spare the defendants from prison.

The judge made clear that the offences remained serious enough to warrant immediate custodial sentences.

“This case was about an abuse of public trust for the sake of personal gain,” Narine stated.

“The conduct of the defendants caused a constitutional crisis and reputational harm to the territory.”

He added that the public interest demanded punishment and deterrence.

“The public interest requires that the sentence must reflect society’s abhorrence of the criminal conduct and the sentence should be such that like-minded potential offenders would be deterred from similar conduct.”

Narine also rejected suggestions that the absence of direct victims diminished the seriousness of the offences, noting that corruption often harms institutions and public confidence rather than identifiable individuals.

At the same time, the court accepted several mitigating factors advanced by the defence.

“The court is aware of the age, middle age of the offenders, that the immediate custodial sentences would have a traumatic effect on the families, understanding the emotional distress involved,” Narine said.

He also agreed that rehabilitation was not a major concern.

“The court agrees with the defence counsel that there is a low risk of reoffending and that the objective of rehabilitation is not a significant factor in this case.”

Those considerations, combined with the extraordinary delay in bringing the matter to conclusion and the defendants’ previous good character, contributed to substantial reductions from the starting points the judge initially considered.

Michael Misick ultimately received an effective sentence of four years and 26 days on three bribery convictions. Hanchell was sentenced to three years on two bribery counts, while Chal Misick received four years on four money laundering convictions.

The legal saga, however, is far from over.

All three men remain in custody while awaiting a June 17 hearing on applications for bail pending appeal. In addition, confiscation proceedings — which could determine what assets or funds may be recoverable by the Crown — are still to come.

For now, the court’s message appears clear: while the conduct warranted prison and public condemnation, Justice Narine was not prepared to conclude that the defendants’ actions produced the full range of societal devastation described in Annan’s warning about corruption.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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