BUSINESS LICENCE RENEWAL PERIOD 2026
Providenciales, Turks and Caicos Islands – Wednesday, 18th March 2026: The Inland Revenue Department (IRD), under the Ministry of Finance, Economic Development, Investment, and Trade, wishes to advise the business community and the general public that the renewal period for Business Licences for the Financial Year 2026/2027 will commence on April 1, 2026, and end on April 30, 2026.
Businesses are strongly encouraged to submit their renewal applications and payments within this period. Please note that no extensions will be granted beyond the April 30, 2026 deadline.
In accordance with the newly implemented Business Licensing Act 2026, the following measures will apply to licences that are not renewed within the prescribed period:
- Any Business Licence not renewed on or before April 30, 2026 will be automatically suspended effective May 1, 2026.
- Suspended licences will enter a one-month reinstatement period from May 1 to May 31, 2026, during which time the licence holder may apply for reinstatement and complete the renewal process.
- If the licence is not reinstated by May 31, 2026, the Business Licence will be cancelled.
To facilitate a smooth renewal process, customers are reminded of the following requirements:
- Registered companies must submit copies of their Director Register, Members/Shareholders Register, Beneficial Owner Register, and evidence of Good Standing from the Financial Services Commission (FSC) at the time of renewal.
- Sole traders and partnerships are required to submit a valid Business Name Registration Certificate issued by the FSC.
Please be advised that the list of certifications required for renewal has been revised. Only hotels and other short-term rental providers are required to submit proof of Accommodation Licensing along with their FSC Registration. Additionally, Tourism Service Providers must obtain and display a valid Tourism Licence issued by the Tourism Regulation Authority.
The Inland Revenue Department encourages all businesses to prepare the required documentation ahead of the renewal period to ensure timely processing and compliance with the new requirements.
For additional information, persons may visit the Inland Revenue Department’s website at https://www.gov.tc/revenue/ or contact the Department’s offices in Providenciales 338-5234 and Grand Turk 338-2069, or the District Commissioner’s Offices in the Family Islands.
ENDS