Providenciales, Turks and Caicos Islands, April 4th, 2019 – Invest Turks and Caicos and partners returned from London following a successful week of promoting the country’s financial services sector to London’s ultra-high net-worth audiences.
Invest TCI’s promotional activity started off with Industry leaders from some of London’s top family offices, banks, and private client firms coming together on April 3rd at the Spear’s breakfast briefing at the Mandarin Oriental Hyde Park for a presentation hosted by Invest Turks and Caicos discussing the country’s opportunities for UHNW investors.
In their presentations to an audience of over 40 specially invited guests, James Bursey, CEO of Invest Turks and Caicos and David Stewart, partner at London and TCI law firm Griffiths and Partners, and managing director of Coriats Trust, spoke optimistically about the country’s financial services sector.
“We’re trying to diversify, to capitalise on our small but perfect reputation on financial services, and to try and grow that industry, so we are as a government and as an investment agency, authorised by government to come out and speak to communities like this to say “we want you to come”,’ David Stewart told the audience. “We want lawyers, we want accountants, we want bankers and fund managers to consider the Turks and Caicos.”
“One of the things we do on these islands is to promote just the natural beauty of the place,” James Bursey stated. “What a lot of people forget is that we are incredibly well positioned to command investment throughout the region. Most of our real estate investors are making very good returns on investing in the hotels and condominium that they develop, and most of our capital has historically come from North America.” Mr. Bursey went onto to highlight that the island is now turning its focus to the UK. “We have good compliant arrangements with pretty much all the major capital markets. We are very much a part of British overseas territories, and we are a prime destination for the UK market.”, Bursey said.
Following the Spear’s Breakfast briefing, Bursey and Stewart conducted meetings with several prominent businesses and institutions in London, including Her Majesty’s Treasury. Bursey and Stewart was also interviewed by the London Stock Exchange where they discussed the revitalization of the financial services sector, key development priorities and growing the TCI economy.
About Invest Turks and Caicos
Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.
We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:
- Information on the local business climate;
- facilitating contact with relevant Government Departments throughout the investment process;
- advice on Government incentives and concessions to investors;
- introductions to local service providers/suppliers;
- advice on work permits and permanent residency procedures;
- ongoing support following set up.
We also work actively to support the growth of local businesses, including the management and delivery of the Micro Small and Medium Enterprise programme which provides concessions and reliefs to locally owned businesses.