Guide to employment, payroll and benefits in

Turks and Caicos Islands

Rivermate offers complete payroll, benefits and compliance services for

Turks and Caicos Islands

01. Overview

Last updated: 

August 19, 2021

Currency
United States Dollar
Capital
Cockburn Town
Ease of doing business
Language
English
Population
38717
GDP growth

02. Grow your team in

Turks and Caicos Islands

with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in

Turks and Caicos Islands

, particularly if you don't have established local relationships. You can hire employees in

Turks and Caicos Islands

effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global employment solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

03. Summary

The Turks and Caicos Islands are a British Overseas Territory that consists of two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and northern West Indies: the larger Caicos Islands and the smaller Turks Islands. They are best known for their tourism and offshore financial center. As of 2012, the resident population was 31,458, with 23,769 living on Providenciales in the Caicos Islands; projections for July 2020 set the population at 55,926. By population, it is the third largest of the British overseas territories. The Turks and Caicos Islands are located southeast of Mayaguana in the Bahamas, northeast of Cuba, and north of Hispaniola. Cockburn Town, the island's capital since 1766, is located about 1,042 kilometers east-southeast of Miami, Florida. The Turks and Caicos Islands have a total land area of 430 square kilometers and have been populated by native Amerindian peoples for centuries. In 1512, the first European sighting of the islands was reported. Several European powers claimed the islands over the years, with the British Empire finally taking influence. Bermuda, the Bahamas, and Jamaica ruled the islands indirectly for several years. The Bahamas got their own governor when they achieved independence in 1973, and have remained a separate autonomous British Overseas Territory ever since.

04. Public holidays

05. Types of leave

Paid time off

Public holidays

Sick days

Maternity leave

Paternity leave

Parental leave

Other leave

06. Employment termination

Termination process

Terminating an employee's employment must be done in a fair manner. To be fair, the employer must demonstrate to the Labour Tribunal that the termination was necessary due to the employee's capability or qualifications for the job; the employee's conduct; redundancy; or the fact that the employment could not continue without violating another ordinance's duty or restriction.


If the employer satisfies this criteria, the Tribunal will determine whether a dismissal is fair or unfair based on whether the employer's reason for dismissal is deemed to be substantial grounds for dismissal in the circumstances.


Unless the employee is dismissed for grave misbehavior (for example, excessive insubordination or dishonesty) and it would be unfair to force the employer to continue the employment relationship, the employee must be given notice of termination.


Unless otherwise specified in a contract, fired employees have no further duties to the employer when they leave.

Notice period

The following are the minimum notice requirements in writing. The notice period is one working day for employees employed for less than one month. The notice period is two weeks for employees employed for less than a month but more than a year. The notice period is one month for employees who have been employed for one to five years. The notice period is two months for employees who have been employed for more than five years.

Severance pay

Severance pay shall be two weeks' basic wage (calculated using the most recent basic wage) for each year of service, and pro-rata for each incomplete year.

Probation period

A new employee may be required to serve a three-month probationary period, which may be extended for shorter periods of time agreed upon by the employer and employee, but not to exceed six months in total. Employers or employees may terminate an employee's employment at any time and without notice during the probationary period.

07. Working hours

General

Overtime

08. Minimum wage

General

The minimum wage in Turks and Caicos is $6.25 per hour.

09. Employee benefits

General

Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits.

10. Why Rivermate as your Employer of Record / PEO?

Establishing an entity in

Turks and Caicos Islands

to hire a team takes time, money, and effort. The labor law in

Turks and Caicos Islands

has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into

Turks and Caicos Islands

simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record solutions in

Turks and Caicos Islands

give you peace of mind so you can focus on running your business.

Please contact us if you'd like to learn more about how Rivermate can help you hire employees in

Turks and Caicos Islands

via our Employer of Record / PEO solution.

Ready to get started? Our friendly staff is ready to assist you with all your questions, let's connect.