Hallmark Bank & Trust Ltd. Head Office is located in the Turks & Caicos Islands. The islands are still relatively unknown by investors but they are an excellent base for international business structures. In addition, opportunities abound for real estate investment, whether you are seeking a holiday home in the sun or looking for a more permanent base.

Initially the TCI economy relied upon the export of salt and conch meats (still a local delicacy). In more recent years a growing tourist industry and financial industry have the islands into one of the top destinations in the world for high net worth visitors and investors.

The benefits of TCI are numerous and include:

• A regulated financial center with no direct taxation - income, corporate, capital gains, property, inheritance and estate taxes.
  
• Political and economic stability - TCI is a British Overseas Territory governed under British Common Law.
  
• No tax treaties exist with other countries and there are no exchange controls.
  
• The official currency of the Islands is the US dollar which facilitates global investments and the islands are served by a growing international banking community.
  
• Foreign investment is encouraged with no restrictions on ownership and sale of land.
  
• The local language is English and the islands are located within the Eastern Standard Time zone.
  
• TCI benefits from a temperate, year round climate, with the coolest winter months averaging 70's and the warmest months in the late summer reaching low 90's. The average annual rainfall of 40 inches ensures plenty of sunny days.
  
• All of the above, coupled with virgin sandy beaches, azure waters and diving which is rated one of the top five destinations in the world means that clients often fly in for a short visit and make immediate plans to return for a longer stay!