The Turks and Caicos Islands, formerly part of the Bahamian Islands Chain is a member of the British Commonwealth, with the Islands fostering a growing Off-Shore Financial Center akin to The Cayman Islands, another British Crown Colony. The British Governor as well as The Local Government are seated on the Capital Island, Grand Turk, with the other main named islands being The Caicos (string of Islands) Islands comprised of South Caicos, East Caicos, Middle Caicos, North Caicos, Providenciales and West Caicos, hence the name Turks and Caicos Islands. Salt Cay, southeast of Grand Turk, comprises the remainder of the named islands.
In the late 1960's Seven Millionaires discovered The Turks and Caicos Islands, purchased land from The Crown and built a tiny airstrip and marina for their friend's planes and yachts, eventually evolving into The Third Turtle Inn. With the islands "discovered", they remained a secluded playground for the wealthy elite, enhanced, naturally by the British Territory's Banking Laws. In 1984 however, lured by the International Airports located on Grand Turk, Providenciales and South Caicos, together with the pristine, sparkling beaches and tranquility of The Islands, Club Mediterranean developed a large Club Med Resort Development in The Turks and Caicos Islands spurring the beginnings of tourism to the area.
Today, Hotels and Hotel Condominiums are thriving within the business and tourism climate offering Condominium (Strata Plan) Accommodations as well as Condominium Rental Services for Owners. The Crown and the Turks and Caicos Government are committed to developing the islands as a Tourist Destination Point and Off-Shore Financial Center, having spent Millions of Dollars within the past few years in these areas, particularly Infra-structure development, an example of which is the new Airport Terminals in Grand Turk, Providenciales and South Caicos (South Caicos Terminal presently under construction).
Some Thirty-Five (35)
Years ago Bermuda was the first of The British West
Indies to develop into an Off-Shore Financial Center
focusing primarily on the insurance aspects of Off-Shore
Finance and naturally, tourism. Twenty (20) Years ago
The Cayman Islands were the play-ground of the wealthy
with little tourism and Off-Shore Financing; today,
The Cayman Islands have a thriving Tourism Industry
and Off-Shore Financial Center coupled with the exorbitant
property prices these two facets of industry bring
with them. The Turks and Caicos Islands are the last
untamed islands of the Crown Colonies in this part
of the world, offering you an undiscovered hideaway
at undiscovered prices. Today, The
Turks and Caicos Islands is the jewel of the
Caribbean on the cusp of greatness!