"Providenciales is at the hub of economic development in the TCI and has witnessed tremendous growth in the tourism sector over the last decade"
Caesar Campbell, Executive Director,
Turks and Caicos Hotel & Tourism Association (TCHTA)

Providenciales or "Provo" is the most well known of the Turks and Caicos Islands and is at the heart of economic activity, with a wide range of legal, accountancy firms as well as world class hotels, restaurants, retail outlets, golf, tennis and other sports facilities.

The island covers an area of 38 square miles and is the most developed island of the Turks and Caicos group. The prize 12-mile Grace Bay beach referred to by Conde Nast as the “world’s best beach” is the location for a number of high class hotels and condominium resorts. In spite of the development, Provo remains a destination for those who want to escape their busy schedules and relax. The direct air service that comes to this island ensures that the majority of tourists stay here.

Some visitors stay long after their vacations have ended. Over the last decade, thanks to the strong economy, Provo has a diverse population from the region as well as from the USA, Canada, UK and Europe.

The two main and oldest settlements on the island are the Bight and Blue Hills. Both locations give a real feeling of Caribbean villages with small craft shacks, bakeries, bars and restaurants serving local delicacies, provided by the local fishermen.

Yet modernity is always only a step away.

Provo offers residents, businesses and investors state of the art technological services, cable television, internet as well as banks and off-shore finance specialists.

Grace Bay is the location for most of the tourism infrastructure. However the national parks, secluded beaches, marinas, typical Caribbean settlements offer alternative tourism and other business opportunities. Tourists who come to the island can enjoy a wide variety of watersport activities including diving, windsurfing, kayaking, sailing, deep sea fishing, bone fishing and snorkeling.

Provo is home to galleries, restaurants, retail outlets, a hydroponic plant and the Caicos conch farm which succeeds as both an internationally acclaimed mariculture enterprise and a popular attraction.

The demand from the tourism industry for auxillary services is on the increase from activities such as sports, retail, shipping, agriculture, light manufacturing related businesses. In addition demand is growing in the investment / financial services sector in particular for those visitors wishing to purchase their own private piece of paradise and seeking banking, surveying, accountancy and real estate services.

Providenciales is rich in history with the plantation ruins of Cheshire Hall as well as the stones engraved by sailors on Sapodilla Hill centuries ago. Like the stones on Sapodilla Hill - many international businesses such as KPMG, REMAX, Nova Scotia, FedEx, Cable & Wireless, Sandals and hundreds of other international and national companies have made their mark in the Turks and Caicos Islands and continue to flourish here. Now we invite you to come and make your mark.

Investors who develop on Providenciales will have an import duty concession not less than 10% or as negotiated in a development agreement and land transfer rates of 6.5 % for properties $25k and over and 9.5% for properties $75k and over.