Other legal form
Unlimited company authorised to issue sharesTurks & Caicos Islands
What it takes to form, own and run an other legal form in Turks & Caicos Islands, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Owners' liability
Unlimited: the owners answer with their own assets
Owners
At least 1 · one person may form it alone
Directors
At least 1 · a company may be one
Minimum capital
None
Officialtcifsc.tcRead 25 Oct 2026
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shall be made to the Registrar by filing— (a) an application signed by the applicant; (b) the articles of incorporation of the company; (c) such other documents as may be prescribed; and (d) the written consent of the proposed registered agent to act as registered agent.
Formation fee
200 (currency not stated by the source)
Tax on profit
Not in our records
Notary needed: NoResident director needed: NoFormed without visiting: Yes
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Shares may be issued with or without par value (s.53(1)); subject to the articles a company may issue partly paid and nil paid shares (s.52(2)(b)); the board decides the consideration and terms of issue (s.55(1), s.58(1)). No minimum paid-up amount is prescribed.
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Subject to its articles, a company may issue— (a) bonus shares; (b) partly paid and nil paid shares; and (c) fractional shares.
Own it
Who may own and run it
- Directors
- At least 1 · a company may be one
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a company shall have at least one director
- Shareholders
- Not stated
The registry’s and the law’s own pages do not mention it.
- Members
- At least 1 · one person may form it alone
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a company shall have at least one member.
- A local company secretary
- Not required
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A company may appoint a secretary.
- A local registered agent
- Required
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The Companies Ordinance 2017 requires every company to appoint a licensed company manager/agent as its registered agent throughout its life.
Each year, at the registry
- Annual registry fee
- 350 (currency not stated by the source)
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The annual fee payable by a company is as follows
- Accounts on the public record
- No
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A company shall keep records that— (a) are sufficient to show and explain the company’s transactions; and (b) will, at any time, enable the financial position of the company to be determined with reasonable accuracy, including all underlying documentation.
- Audit for a small company
- Not required
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A company shall keep records that— (a) are sufficient to show and explain the company’s transactions; and (b) will, at any time, enable the financial position of the company to be determined with reasonable accuracy, including all underlying documentation.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Unlimited company authorised to issue shares are in our records.
What is public
- Directors
- Public
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inspect any document retained by the Registrar in accordance with
- Shareholders
- To the authorities only
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inspect any document retained by the Registrar in accordance with
- Beneficial owners
- To those with a legitimate interest
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inspect any document retained by the Registrar in accordance with
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Not in our records
How this type is taxed is not in our records. A partnership or sole trader is often taxed through its owners; incp.pro does not assume it.
- CFC rules in TC
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Striking off by the Registrar of Companies; the Ordinance states the Registrar's power to strike off the register
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The Registrar shall strike off the Register of Companies
- Statutory fee
- 50 (currency not stated by the source)
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For an application to strike from the Register on an expedited basis, a company that has ceased to carry on business and has no assets or liabilities $50 plus the fee payable for the publication of the notice of strike off of the company in the Gazette
Every business in Turks & Caicos Islands
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for TC.
Payment and banking services
None of the services whose lists we hold names TC. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Unlimited company authorised to issue shares
- Identifier
- TC-COMPANY-UNLIMITED-SHARESA form ISO 20275 does not list.