Micro Small and Medium Enterprise (MSME) Programme

Overview

April 2016 saw the commencement of the Government’s Micro Small and Medium Enterprise (MSME) programme which is managed by Invest Turks and Caicos with support from the Ministry of Finance, Investment and Trade. Governed by the MSME Development Ordinance 2015, the programme makes provision for the Government to provide Concession Orders to qualifying locally-owned businesses operating in identified priority business sectors. The Concession Orders allow the company or start-up access to specific benefits, namely: Cash Grant, Customs Duty Reduction and/or Technical Assistance depending on the size of the business. 

The MSME Ordinance is managed by Invest Turks and Caicos who is responsible for determining eligibility to receive concessions or grants, as well as disbursing approved funding.  

Click on the brochure below to download the MSME programme

Priority Areas

Agriculture

Manufacturing

Tourism

Technology and Innovation 

Heritage/Cultural/Historical Preservation Projects 

Healthy Living/Lifestyle 

Food Processing/Food Packaging 

Sea Salt Harvesting/Processing

 
 

Fishing

Commercial Cleaning

Arts and Craft

Physical Infrastructure 

Public/Mass Transportation 

Renewable Energy/Energy Efficiency 

Waste Management/Collection

Business with a direct correlation to the TVET programme

 

Highly skilled or specialized services such as 

Accountants 

Surveyors  

Technicians 

STEM (Science, Technology, Engineers, Mathematics)

Benefits

Micro Enterprise: up to $25,000 

(Cash Grant, Technical Assistance and Duty Concessions)

Small Enterprise: up to $55,000 

(Cash Grant, Technical Assistance and Duty Concessions)

Medium Enterprise: up to $145,000 

(Cash Grant, Technical Assistance and Duty Concessions)

Registration of Interest for the Bed and Breakfast market for Turks and Caicos Islanders on Grand Turk

In an effort to increase the bed capacity on the island, the Government is offering this opportunity to the people of Grand Turk to benefit from grants to upgrade available rooms/homes to enter the vacation rental market.    

Additional information

Business Activities Eligible for Support

133.23 KB 234 downloads

MSME Application Form

4.48 MB 268 downloads

Assessment Criteria for Businesses

107.63 KB 266 downloads

Classification of Businesses

105.87 KB 228 downloads

Import Duty Concessions

125.16 KB 329 downloads

Business Plan Outline

140.15 KB 385 downloads

Financial Projection Template

410.50 KB 225 downloads

Micro, Small and Medium Enterprises Development Ordinance 2018

819.65 KB 245 downloads