With a Sovereign Credit Rating of BBB+, the government of Turks & Caicos consistently demonstrates its pro-business approach. It has put into place several attractive tax incentives, with no corporate, personal, capital gains, or inheritance tax. While there is a once-off stamp duty and transfer tax of property and title deeds, this is absolute and guaranteed by the British Monarchy. Turks & Caicos has no tax treaties in place with other countries, exempting anyone in the country from foreign tax. With no foreign exchange controls, investors can also move money without any implications. Despite these relaxed conditions, the country is committed to transparency and complies with all FATF, IMF, and OECD standards, while ensuring stringent reporting. Another aspect many investors find appealing is that they may qualify for temporary or even permanent residence.