Business For Sale Turks and Caicos Islands | Business For Sale Listings
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Things to Know About the Business for Takeover Turks and Caicos Islands
The Turks and Caicos Islands is a British Overseas Territory comprising of 40 low-lying islands in the southeast of the Bahamas, and northeast of Cuba. The island has a total area of 430 square kilometers, which supports a population of approximately 53,700 people. With such a population, it is the third-largest of all the British Overseas Territories. On governance, the country has a similar structure to that of the United Kingdom. The islands are divided into six administrative districts, with each district being headed by a district commissioner. For the legislature, the islands are further divided into fifteen electoral districts – eleven in Caicos Island and four in Turks Islands.
The majority of the country’s population lives on the island of Providenciales, with Grand Turk being the second-most-populous island in the country. The Turks and Caicos Islands are generally small, and they also receive the least annual rainfall averages compared to other islands in the Caribbean. The vegetation comprises marine mangrove wetlands and drought-resistant tropical forests.
For those who are interested in doing business in the Turks and Caicos Islands, the economy is dominated by fishing, offshore finance and tourism. Like most of the islands in the Caribbean, luxury tourism thrives a lot in the Turks and Caicos Islands. The greatest benefactor of this industry, however, is the Grace Bay Beach in Providenciales where the majority of the country’s hotels and resorts are found. English is the official language, and the US Dollar is universally accepted as the common currency.
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