Self-Employed Work Permit
The Self-Employed Work Permit allows foreign nationals to establish and operate their own business in the Turks and Caicos Islands. Governed by the Immigration Ordinance 2015, the permit targets entrepreneurs, sole traders, and business owners. Unlike employed-person work permits, self-employed applicants do not need labour clearance or proof that no qualified local is available. TCI has no income tax, capital gains tax, corporation tax, or inheritance tax, making it attractive for business formation.
- Valid TCI business licence from the Revenue Department (must be obtained before applying for the work permit)
- Cover letter outlining the need for the work permit
- Bank statements and proof of company ownership
- Partner/shareholder listings or certificate of incumbency
- Organisational structure documentation
- Academic and professional qualification certificates
- Evidence of English proficiency (if not from an English-speaking country)
- Local medical certificate issued within 6 months
- Two passport-size photographs (one certified)
- Police record
- Must be 18 years or older
- May only work in the self-employed capacity specified on the permit and matching the business licence
- Cannot take up employment with another entity without a separate work permit
- Most business types require a local partner with Turks and Caicos Islander Status (Belongership), with majority ownership by a TCI Islander
- 90 business activity categories are reserved exclusively for TCI Islanders
- Moratoriums may apply to specific business categories
- A business licence does not guarantee that a work permit will be issued
Processing time: 15 days standard (exempt from labour clearance); 7 days with Fast Track Service (additional USD 500)
Fee: Non-refundable admin fee of USD 150 or 10% of permit fee (whichever is greater); work permit fees range from USD 200 to USD 10,000 depending on occupation category; USD 500 repatriation fee; USD 100 for physical permit card
Applications submitted in person at Customer Service Centers on Providenciales (Sam's Building) or Grand Turk (Three Degrees Office Complex). Self-employed persons may submit their own applications directly.
Renewal applications must be submitted at least 30 days before expiry. Requires a local police record and proof that NHIP and NIB contributions are up to date. A USD 250 penalty applies if the permit has already expired. National Insurance contributions are 10% of earnings.
After 10 consecutive years of holding work permits, holders may apply for a Permanent Residence Certificate with the right to work (fee: USD 10,000). Alternatively, a business investment of USD 750,000 to USD 1,500,000 qualifies for the investment-route PRC (fee: USD 25,000).
Other Visa Programs in North America
Countryโ | Programโ | Incomeโ | Investmentโ | Capital Requiredโ | Durationโ | Dependantsโ | Citizenshipโ | Compare | |
|---|---|---|---|---|---|---|---|---|---|
๐ฆ๐ฎ Anguilla | Residence by Investment | โ | $150,000 one-time | โ | Permanent | Yes | Yes (5yr) | ||
๐ฆ๐ฎ Anguilla | Work from Anguilla Certificate | No official minimum incom... | โ | โ | 91ย days โ 1ย year | Yes | โ | ||
๐ฆ๐ฌ Antigua and Barbuda | Citizenship by Investment Programme | โ | $230,000 one-time | โ | Permanent | Yes | Yes | ||
๐ฆ๐ผ Aruba | Investor/Shareholder Residence Permit | โ | $140,000 one-time | โ | 1ย year | Yes | Yes (5yr) | ||
๐ฆ๐ผ Aruba | One Happy Workation | No specific minimum incom... | โ | โ | 7ย days โ 90ย days | Yes | โ | ||
๐ฆ๐ผ Aruba | Retiree / Interest Rate Earner Residence Permit | $28,000 / year | โ | โ | 1ย year | Yes | Yes | ||
๐ง๐ธ Bahamas | Bahamas Extended Access Travel Stay (BEATS) | No specific minimum incom... | โ | โ | 1ย year โ 3ย years | Yes | No | ||
๐ง๐ธ Bahamas | Economic Permanent Residence Certificate | โ | BSDย 1,000,000 one-time | โ | Permanent | Yes | Yes (10yr) | ||
๐ง๐ธ Bahamas | Permit to Reside (Independent Economic Resident) | No fixed minimum income. ... | โ | โ | 1ย year โ 5ย years | Yes | โ | ||
๐ง๐ง Barbados | Special Entry and Reside Permit (Category 1: High Net Worth Investor) | โ | $2,000,000 one-time | โ | 5ย years โ Permanent | Yes | Yes | ||
๐ง๐ง Barbados | Special Entry and Reside Permit (Category 2: Retired Property Owner) | No fixed minimum income a... | โ | โ | 5ย years โ Permanent | Yes | Yes | ||
๐ง๐ง Barbados | Welcome Stamp | $50,000 / year | โ | โ | 1ย year | Yes | Yes | ||
๐ง๐ฟ Belize | Long Stay Visitor Permit | $75,000 / year | โ | โ | 6ย months | Yes | Yes (5yr) | ||
๐ง๐ฟ Belize | Qualified Retired Persons Incentive Program | $2,000 / month | โ | โ | 1ย year โ Permanent | Yes | No | ||
๐ง๐ฟ Belize | Temporary Residence Permit (Investment) | โ | $250,000 one-time | โ | 1ย year | Yes | Yes (5yr) | ||
๐ง๐ฒ Bermuda | Economic Investment Residential Certificate | โ | BMDย 2,500,000 one-time | โ | Permanent | Yes | Yes (5yr) | ||
๐ง๐ฒ Bermuda | Global Entrepreneur Work Permit | โ | โ | No fixed minimum capital ... | 1ย year | Yes | โ | ||
๐ง๐ฒ Bermuda | Permission to Reside on an Annual Basis | No fixed minimum income p... | โ | โ | 1ย year โ 5ย years | Yes | No | ||
๐ป๐ฌ British Virgin Islands | Right to Reside Permit | No fixed minimum; must de... | โ | โ | 1ย year | Yes | โ | ||
๐จ๐ฆ Canada | Digital Nomad Policy | No minimum income thresho... | โ | โ | 6ย months | Yes | โ | ||
๐จ๐ฆ Canada | Quebec Immigrant Investor Program | โ | CA$1,200,000 one-time | โ | Permanent | Yes | Yes (3yr) | ? | |
๐จ๐ฆ Canada | Self-Employed Persons Program | โ | โ | โ | Permanent | Yes | Yes (3yr) | ? | |
๐จ๐ฆ Canada | Start-Up Visa Program | โ | โ | CA$75,000 one-time | Permanent | Yes | Yes | ? | |
๐ฐ๐พ Cayman Islands | Certificate of Direct Investment | โ | $1,220,000 one-time | โ | 25ย years | Yes | Yes | ||
๐ฐ๐พ Cayman Islands | Certificate of Permanent Residence for Persons of Independent Means | โ | $2,440,000 one-time | โ | Permanent | Yes | Yes | ||
๐ฐ๐พ Cayman Islands | Residency Certificate for Persons of Independent Means | โ | $1,220,000 one-time | โ | 25ย years | Yes | No | ||
๐ฐ๐พ Cayman Islands | Zone Employment Certificate | โ | โ | $15,000 one-time | 5ย years | Yes | โ | ||
๐จ๐ท Costa Rica | Digital Nomad Visa | $3,000 / month | โ | โ | 1ย year โ 2ย years | Yes | No | ||
๐จ๐ท Costa Rica | Residencia Temporal Inversionista | โ | $150,000 one-time | โ | 2ย years | Yes | Yes | ||
๐จ๐ท Costa Rica | Residencia Temporal Pensionado | $1,000 / month | โ | โ | 2ย years | Yes | โ | ||
๐จ๐ท Costa Rica | Residencia Temporal Rentista | $2,500 / month | โ | โ | 2ย years | Yes | โ | ||
๐จ๐บ Cuba | Real Estate Resident Visa | โ | No fixed minimum investme... | โ | 1ย year | Yes | โ | ||
๐ฉ๐ฒ Dominica | Work In Nature Extended Stay Visa | $50,000 / year | โ | โ | 18ย months | Yes | Yes | ||
๐ฉ๐ด Dominican Republic | Residencia Permanente en Calidad de Inversionista | โ | $200,000 one-time | โ | 1ย year โ Permanent | Yes | Yes | ||
๐ฉ๐ด Dominican Republic | Residencia Permanente en Calidad de Jubilado o Pensionado | $1,500 / month | โ | โ | 1ย year โ Permanent | Yes | Yes | ||
๐ฉ๐ด Dominican Republic | Residencia Permanente en Calidad de Rentista | $2,000 / month | โ | โ | 1ย year โ Permanent | Yes | Yes | ||
๐ธ๐ป El Salvador | Definitive Residency for Investors | โ | Investment or donation to... | โ | Permanent | Yes | Yes (5yr) | ||
๐ธ๐ป El Salvador | Freedom Visa | โ | $1,000,000 one-time | โ | Permanent | Yes | Yes | ||
๐ธ๐ป El Salvador | Temporary Residency for Pensioners | $1,226 / month | โ | โ | 1ย year โ 5ย years | Yes | โ | ||
๐ธ๐ป El Salvador | Temporary Residency for Rentistas | $1,460 / month | โ | โ | 1ย year โ 5ย years | Yes | โ | ||
๐ฌ๐ฉ Grenada | Citizenship by Investment Programme | โ | $235,000 one-time | โ | Permanent | Yes | Yes | ||
๐ฌ๐ฉ Grenada | Remote Work Permit | $37,000 / year | โ | โ | 1ย year โ 2ย years | Yes | Yes | ||
๐ฌ๐น Guatemala | Permanent Residence for Rentistas or Pensioners | $1,250 / month | โ | โ | Permanent | Yes | Yes (5yr) | ||
๐ฌ๐น Guatemala | Temporary Residence for Intellectuals, Researchers, and Scientists | โ | โ | โ | 1ย year โ 5ย years | Yes | โ | ||
๐ฌ๐น Guatemala | Temporary Residence for Investors | โ | $100,000 one-time | โ | 1ย year โ 5ย years | Yes | โ | ||
๐ฌ๐น Guatemala | Temporary Residence for Self-Employed Workers | โ | โ | No minimum capital requir... | 1ย year โ 5ย years | Yes | โ | ||
๐ฌ๐น Guatemala | Temporary Residence for Workers with Foreign Employer | $2,000 / month | โ | โ | 1ย year โ 5ย years | Yes | Yes (5yr) | ||
๐ญ๐ณ Honduras | Investor Residency | โ | $50,000 one-time | โ | Permanent | Yes | Yes | ||
๐ญ๐ณ Honduras | Pensionado Residency | $1,500 / month | โ | โ | 2ย years โ Permanent | Yes | Yes | ||
๐ญ๐ณ Honduras | Rentista Residency | $2,500 / month | โ | โ | 2ย years โ Permanent | Yes | Yes | ||
๐ฏ๐ฒ Jamaica | Permanent Residence (Retirement) | No fixed minimum income t... | โ | โ | Permanent | Yes | Yes (5yr) | ||
๐ฒ๐ถ Martinique | Talent Porteur de Projet โ Business Creation | โ | โ | โฌ30,000 one-time | 4ย years | Yes | โ | ||
๐ฒ๐ถ Martinique | Talent Porteur de Projet โ Innovative Economic Project (French Tech Visa) | โ | โ | No minimum investment req... | 4ย years | Yes | โ | ||
๐ฒ๐ฝ Mexico | Permanent Resident Visa for Retirees and Pensioners | $7,400 / month | โ | โ | Permanent | Yes | Yes (5yr) | ||
๐ฒ๐ฝ Mexico | Temporary Resident Visa by Economic Solvency | $4,432 / month | โ | โ | 1ย year โ 4ย years | Yes | No | ||
๐ฒ๐ฝ Mexico | Temporary Resident Visa for Investors | โ | $299,000 one-time | โ | 1ย year โ 4ย years | Yes | Yes (5yr) | ||
๐ฒ๐ธ Montserrat | Permit of Economic Residence | โ | EC$400,000 one-time | โ | 5ย years | Yes | Yes | ||
๐ฒ๐ธ Montserrat | Remote Employment Stamp | $70,000 / year | โ | โ | 1ย year | Yes | โ | ||
๐จ๐ผ Netherlands Antilles | @Home in Curacao | No official minimum incom... | โ | โ | 6ย months โ 1ย year | Yes | โ | ||
๐จ๐ผ Netherlands Antilles | Investor Permit | โ | Cg.ย 500,000 one-time | โ | 3ย years โ Permanent | Yes | Yes (5yr) | ||
๐จ๐ผ Netherlands Antilles | Rentier or Retired Residence Permit | ANGย 3,000 / month | โ | โ | 1ย year | Yes | โ | ||
๐ณ๐ฎ Nicaragua | Investor Permanent Residence | โ | $30,000 one-time | โ | 5ย years | Yes | Yes (2yr) | ||
๐ณ๐ฎ Nicaragua | Residencia Temporal Pensionado | $600 / month | โ | โ | 1ย year | Yes | โ | ||
๐ณ๐ฎ Nicaragua | Residencia Temporal Rentista | $750 / month | โ | โ | 1ย year | Yes | โ | ||
๐ต๐ฆ Panama | Permanent Residence Permit for Retirees and Pensioners | $1,000 / month | โ | โ | Permanent | Yes | Yes (5yr) | ||
๐ต๐ฆ Panama | Professional Foreign Residence Permit | โ | โ | โ | 2ย years โ Permanent | Yes | Yes (5yr) | ||
๐ต๐ฆ Panama | Qualified Investor Permanent Residence | โ | $300,000 one-time | โ | Permanent | Yes | Yes (5yr) | ||
๐ต๐ฆ Panama | Short Stay Visa for Remote Workers | $3,000 / month | โ | โ | 9ย months โ 18ย months | No | No | ||
๐ฐ๐ณ Saint Kitts and Nevis | Citizenship by Investment Programme | โ | $250,000 one-time | โ | Permanent | Yes | Yes | ||
๐ฐ๐ณ Saint Kitts and Nevis | Temporary Residence Permit | No specific minimum incom... | โ | โ | 6ย months โ 1ย year | Yes | โ | ||
๐ฑ๐จ Saint Lucia | Citizenship by Investment Programme | โ | $240,000 one-time | โ | Permanent | Yes | Yes | ||
๐ฑ๐จ Saint Lucia | Live It Extended Stay Program | No minimum income require... | โ | โ | 1ย year | Yes | No | ||
๐ต๐ฒ Saint Pierre and Miquelon | Visitor Temporary Residence Card | โฌ1,443 / month | โ | โ | 1ย year | Yes | Yes (5yr) | ||
๐น๐จ Turks and Caicos Islands | Independent Means Residence Permit | No fixed minimum. Must de... | โ | โ | 1ย year โ 3ย years | Yes | โ | ||
๐น๐จ Turks and Caicos Islands | Permanent Residence Certificate (Investment) | โ | $300,000 one-time | โ | Permanent | Yes | Yes | ||
๐น๐จ Turks and Caicos Islands | Self-Employed Work Permit | โ | โ | No fixed minimum capital ... | 1ย year โ 5ย years | Yes | โ | ||
๐บ๐ธ United States | EB-1A Extraordinary Ability | โ | โ | โ | Permanent | Yes | Yes (5yr) | ||
๐บ๐ธ United States | EB-2 National Interest Waiver | โ | โ | โ | Permanent | Yes | Yes (5yr) | ||
๐บ๐ธ United States | EB-5 Immigrant Investor Program | โ | $800,000 one-time | โ | Permanent | Yes | Yes | ||
๐บ๐ธ United States | International Entrepreneur Parole | โ | โ | $311,071 one-time | 30ย months โ 5ย years | Yes | โ |