The Inland Revenue Department (IRD) in the Ministry of Finance, Investment & Trade wishes to inform the business community that the moratorium on the issuance of new Contractor’s licenses commenced on March 21, 2025. This moratorium will remain in effect until September 21, 2025, to allow for a thorough review and assessment of the contractor’s licensing category.
This temporary moratorium applies to applications from following entities:
Companies: Where a non-Turks and Caicos Islander or non-Turks and Caicos Islander associate company holds any percentage of shares in the company.
Partnerships: Where one (1) of the partners is a non-Turks and Caicos Islander.
Sole Traders: In cases where the individual is a non-Turks and Caicos Islander.
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