4. Types of leave

There is no information about the types of leave for this country.
Learn more about types of leave >

Paid time off

Public holidays

Sick days

Maternity leave

Paternity leave

Parental leave

Other leave

5. Employment termination

There is no information about employment information for this country.

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.

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.

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.

6. Working hours

There is no information about the working hours for this country.

General working schedule

Overtime

7. Minimum wage

There is no information about the working hours for this country.

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

8. Employee benefits

There is no information about the working hours for this country.

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.

9. Taxes

There is no information about the working hours for this country.

Corporate tax

There is no income tax, capital gains tax, property tax, inheritance tax, or corporation tax in the Turks and Caicos Islands.

Individual income tax

There is no income tax, capital gains tax, property tax, inheritance tax, or corporation tax in the Turks and Caicos Islands.

VAT, GST and sales tax

There is no sales tax or VAT (value added tax), however nearly all goods are imported and there is a 37.5% tarrif on most goods.

10. VISA and work permits

There is no information about the working hours for this country.

All visitors arriving in the Turks and Caicos Islands will be required to get a TCI Assured Travel Authorization as of July 22, 2020. All guests are required to have a round-trip ticket. Visitors are permitted to remain for 90 days; this is renewed only once. To enter the Turks and Caicos Islands, all tourists must have a passport. Passports must be valid for at least three (3) months prior to expiry in order to enter the Turks and Caicos Islands. This policy will be in place for one year, beginning May 1, 2021, and will be revisited after that.

11. Employer Of Record service terms

There is no information about the working hours for this country.

Employment contracts

In the United States, employment contracts might be verbal, written, or implicit. Contracts, on the other hand, should be in writing with the conditions clearly stated out to protect both the employer and the employee. In practice, the majority of contracts are in writing.

The following are examples of common employment contract terms:

Employer and employee names

The kind and scope of the service to be provided

Salary and payment intervals

Salary and payment intervals

Start and end dates (if for a fixed-term)

Benefits and leave entitlements

Minimum assignment length

There is no set length for assignments. This is usually indicated in the employment contract for fixed-term employments.

Payment currency

United States Dollar

13.Opening a subsidiary in Turks and Caicos Islands

There is no information about the working hours for this country.

How to set up a subsidiary

Subsidiary laws

13. Why choose Rivermate as your Employer of Record / PEO in Turks and Caicos Islands

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.

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