Government
TCIG NOTICE OF AMENDMENT to the Application & Approval Process for Restricted Business License Activities
#TurksandCaicos, March 2, 2023 – The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade would like to advise the business community and the wider public, that the approval process for Restricted Business Licence activities has been amended.
The Business Licensing Regulations previously required the Permanent Secretary, Finance to consult with Cabinet before making a decision on any application for restricted business activities listed in Schedule 4. This provision has been amended and now requires the Permanent Secretary, Finance to instead consult with the Hon. Minister of Finance, Investment & Trade before approving restricted business licence applications.
Applications for restricted business activities must now be accompanied by the following:
Proof on how the proposed business is going to add value to the Turks and Caicos Islands economy, such proof has to be aligned with the projected profitability or the creation of employments for residents, which will be crucial with regard to enhancing the economic standing of the economy;
Evidence of the applicant’s good standing in the business community and professional conduct in society, which may be in the form of references, certification from reputable organizations or persons in the same or similar field, industry or sector applying for, which will assist in making a determination of the nature and previous conduct of the persons having an interest in that company whether as directors, shareholders or otherwise;
An undertaking that the proposed business will be in adherence to all environmental requirements and the business will not have any harmful effect on the environment and its inhabitants, and environmental clearances and other public safety documents adherence and obligation will need to be provided when necessary;
Proof that a Turks and Caicos Islander is part of the management structure for the purpose of continuity and succession planning, which will promote Turks and Caicos Islander stake in the participation, direction and management;
Demonstrate or show that at least 50% of the business will be held by a Turks and Caicos Islander which will promote the desirability of retaining in the control of Turks and Caicos Islanders;
Proof that the proposed industry is not saturated, which will be achieved by the regulatory body of the industry or sector giving the necessary clearances or approval of new entry into the industry;
#TurksandCaicos, May 21, 2024 – Ms. Patricia Arana has been sworn in on13 May 2024 as Resident Magistrate, Grand Turk. She first joined the Judiciary of the Turks and Caicos Islands as Registrar of the Magistrate’s Court in April 2022.
Prior to taking up the position of Registrar of the Magistrate’s Court, she was the Deputy Registrar General at the Supreme Court of her native Belize in Belize City. She started her judicial career as a Magistrate in 2010 and was promoted to the position of Senior
Magistrate in 2015. As Senior Magistrate, she worked in several districts in Belize, and acted as Chief Magistrate on several occasions. She was also within that period, seconded for two years as Legal Counsel to the Financial Intelligence Unit of Belize.
Ms. Arana is a graduate of the University of the West Indies where she obtained a Bachelor of Laws (Hons) Degree, and a graduate of the Norman Manley Law School, Jamaica, where she obtained her Legal Education Certificate. There she distinguished herself when she received the H.H. Dunn Memorial Prize for Legal Drafting and Interpretation.
Regionally, Ms. Arana currently serves as an Executive Member of the Caribbean Association of Judicial Officers (CAJO) on behalf of the Judiciary of the Turks and Caicos Islands. She is also an active member of the Caribbean Association of Women Judges (CAWJ), and the National Garifuna Council (NGC) Orange Walk Branch.
In the Turks and Caicos Islands, Ms. Arana has since her appointment in 2022, served in various capacities: ADR Administrator and lately a member of the Mediation Committee, a member of the Breach Process Rules Committee, Justice of the Peace Vetting Panel, Justice of the Peace Disciplinary Panel, and Election Adjudicator.
#TurksandCaicos, May 20, 2024 – The Governor’s Office can confirm that Her Excellency the Governor Dileeni Daniel-
Selvaratnam and the Honourable Premier Charles Washington Misick will this morning receive a US Congressional delegation, who have requested a meeting to discuss the recent arrests of US nationals for possession of ammunition offences.
The US delegation, which arrived yesterday evening, was met by Protocol officials and is due to depart this afternoon.
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