Turks and Caicos Islands

Employer of Record (EOR) in Turks and Caicos Islands

Only 399 EUR per employee per month

Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Turks and Caicos Islands . We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business. Our Employer of Record (EOR) solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will find employment information for Turks and Caicos Islands.

Employer of Record people
A coin
Currency
United States Dollar
A pin
Capital
Cockburn Town
A paper airplane
Region
Americas
Megaphone
Language
English
Hire remote employees
Population
38717
A pile of gold
GDP
Line graph
GDP growth
Business suitcase
Ease of doing business
Planet earth
World GDP share

1. Grow your team in Turks and Caicos Islands with Rivermate as your Employer of Record (EOR) / PEO

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 Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Summary

The Turks and Caicos Islands are a British Overseas Territory comprised of the larger Caicos Islands and smaller Turks Islands, two sets of tropical islands in the Atlantic Ocean and northern West Indies' Lucayan Archipelago. They are most renowned for tourism and as an offshore financial center. In 2012, the resident population was 31,458, with 23,769 living on Providenciales in the Caicos Islands; predictions for July 2021 placed the population at 57,196. By population, it is the third biggest of the British overseas territories.

The islands are located in the Bahamas island chain, southeast of Mayaguana, and north of Hispaniola (Haiti and the Dominican Republic). Grand Turk (Cockburn Town), the island's capital since 1766, is located around 1,042 kilometers (647 miles) east-southeast of Miami, Florida. They cover a total area of 430 square kilometers (170 sq mi).

Indigenous peoples have lived on the islands for ages. They were first seen by Europeans in 1512. Several European nations claimed them in later centuries, with the British Empire finally acquiring possession. They were administered indirectly for many years via Bermuda, the Bahamas, and Jamaica. When the Bahamas obtained independence in 1973, they were given their own governor and have been a self-governing territory ever since.

Hiring talented employees in a short span is not an easy task. Partnering with an Employer of Record (EOR) like Rivermate in Turks and Caicos Islands is your best option, giving your organization enough time to focus on other aspects of international expansions like project management and inventory management. The EOR takes care of all the compliance and legal issues while helping you speed up hiring using their knowledge of domestic employment practices and virtual onboarding tools. Top EORs also have provisions for the e-signing of documents to enable faster onboarding.

3. Public holidays

4. Types of leave

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

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 minimum wage for this country.

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

8. Employee benefits

There is no information about the employee benefits 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 taxes 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 VISA and work permits 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 Employer of Record (EoR) service terms 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

With Rivermate being your Employer of Record (EoR) in Turks and Caicos Islands, you do not have to worry about the employment contracts, as we take care of that.

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 (EOR) 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 (EOR) / PEO solution.

A woman relaxing and drinking coffee
Hire anyone, anywhere
Ready to get started?
Get started