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Turks and Caicos “Open for Business” After Melissa

turks and caicos

The Turks and Caicos Islands are once again fully open for business following the passage of Tropical Storm conditions from Hurricane Melissa. Experience Turks and Caicos, the destination’s exclusive tourism authority, confirmed that operations have resumed smoothly across all islands. Government officials issued an All-Clear notice, allowing for the full reopening of businesses, resorts, and […]

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New “Streamlined” Bonaire Visitor Tax Set to Launch 

bonaire tax

Bonaire’s new entry tax for visitors will take effect on July 1.  The tax is what officials call a “streamlined” tax, meaning it will take the place of the island’s current room tax and rental car tax.  The new tax will be a $75-per-visit levy, aimed at supporting the island’s infrastructure, tourism product, eco efforts […]

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Solving the Caribbean Air Tax Problem

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It’s been an issue in the Caribbean for years: air taxes.  But now, the tide seems to be turning, with the recent news that the Caribbean Community would be launching a review of taxes and fees on airline tickets in the region.  To learn more about the issue, and ways to solve it, Caribbean Journal […]

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Why OLEA is the Cayman Islands’ Hottest Real Estate

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The waterfront town of Camana Bay, located just across from Seven Mile Beach, has long been a vibrant destination in Grand Cayman.  And now it’s home to one of the Cayman Islands’ newest and arguably hottest real estate offerings, too.  It’s called OLEA, and it’s the first-ever for-sale residential real estate at Camana Bay, set in the […]


Solving the Caribbean Air Tax Problem

By Joe Pike, Special Contributor Turks and Caicos has extended its reduced stamp duty, on all real estate purchases of property valued at up to $2 million now through Dec. 20. Turks and Caicos has no annual property taxes. The stamp duty is a one-time tax levied on real estate transactions, typically 10 percent of […]

Op-Ed: A New Beginning for Puerto Rico

By Ricardo Álvarez-Díaz Two years ago last month, Hurricane Maria ravaged Puerto Rico, ultimately taking more than 3,000 lives. It also exposed the structural vulnerabilities of existing buildings, and further exacerbated the already painful impact of a more than decade-long recession. However, there was a silver lining to Maria. Despite all the pain and hardship […]

How Citizenship by Investment Is Fueling Caribbean Hotel and Real Estate Development

By Joe Pike, Special Contributor Citizenship by investment programs, which confer citizenship for buyers who meet a certain investment threshold, have been quietly fueling a surge in resort and real estate developments across the Caribbean. At the forefront of that push is Range Developments, behind two of the most celebrated resorts in the region in […]

Airbnb Signs Tax Deal with Quintana Roo

Airbnb is making major moves in the Mexican Caribbean. The home sharing giant recently announced the signing of a tax deal with the Mexican state of Quintana Roo, home to the country’s Caribbean destinations like Cancun and Tulum. As part of the agreement, Airbnb will begin taking the “necessary steps” to begin collecting the 3 […]

Puerto Rico to Hold Major Investment Forum

Puerto Rico is holding its first-ever Invest Puerto Rico Forum next month, Governor Ricardo Rossello announced this week. The forum will take place Sept. 20-21 at the Puerto Rico Convention Center, gathering more than 500 investors and entrepreneurs with an interest in exploring business opportunities on the island. “We have established an economic development model […]

Antigua and Barbuda Is Abolishing Its Personal Income Tax

Another Caribbean island will soon be without a personal income tax. Antigua and Barbuda will be abolishing its personal income tax beginning in April, the government announced this week. The personal income tax, which had been introduced in 2004, had placed a tax of 8 percent on people earning an income above $3,500. It had […]

How Passenger Taxes Are Hurting Caribbean Aviation

By By Cdr. Bud Slabbaert Op-Ed Contributor What the Caribbean needs is so simple: rapid, reliable mobility at reasonable rates. What makes it so difficult? It is almost as short and simple to explain. There are two players; the aviation industry and the governments. The aviation industry is not really the problem. They have the […]

US Virgin Islands Braces for Increased Hotel Room Tax

Hoteliers in the US Virgin Islands are bracing for the introduction of an increased hotel tax on the island. The new hotel room tax will rise from 10 percent to 12.5 percent beginning Jan. 1, 2016. The tax rate will apply to every guest that resides in a hotel, villa, time share, inn or any […]