Permanent Residence Certificate (business with undertaking)
Local name
PRC, regulation 13(2)(g)
Type
Investor visa
Status
Active
Lifetime permanent residence after a Governor's certificate of undertaking and a business investment of USD 750,000 on Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos, or USD 1,500,000 on any other island. The business must employ people in the Islands, and at least 60 percent of the staff must not be work-permit holders. The holder may work only in that business.
Investment options
Investment options
Type
Tier / zone
Min amount
USD equivalent
Holding
Returnable
Required
Business
Outer islands
USD 750,000
$750,000
5 yr
Yes
Optional
Business
Other islands
USD 1,500,000
$1,500,000
5 yr
Yes
Optional
Eligibility
Minimum age 18+
Criminal record checkrequired
Health checkrequired
Health insurancenot required
Work rights
Employmentnot allowed
Self-employmentallowed
Own a businessallowed
Work permit included
Family and dependents
Dependents allowed
Yes
Spouse included
Yes
Max child age
18
Parents allowed
No
Benefits and mobility
Bank accountno
Property purchaseallowed
Public healthcareno access
Must be primary residencerequired
Tax
Tax regime
Exempt
Tax rate
0.0%
Regime name
Zero Income Tax
Foreign income taxed
No
Capital gains taxed
No
How to apply
Method
in person
Processing time
56–70 days
Apply from abroad
No
Notes
Immigration Regulations, regulation 13(2)(g). The citizenship page mislabels this block as a school route. The regulation number and the amounts match. Evidence is a business licence, proof of ownership, accounts, and a staff list or a certificate from the Commissioner on non-work-permit employment. The business is held for five years. A sale inside that period requires reinvestment of the same sum within twelve months. The route is inside the investment quota. The quota number was not found. Fees are USD 25,000, plus a USD 1,500 undertaking fee and a USD 150 administrative fee. A spouse or child endorsement is USD 200 and does not include work. Naturalisation as a British Overseas Territories Citizen follows five years of residence. The Immigration Bill 2026 is not in force.
Last verified Oct 9, 2026
Last changed Oct 10, 2026Source
Change history
Added
created from regulation 13(2)(g) and the Citizenship Commission PRC page (tcifsc.tc).