“Caribbean reality represents the wildest imagination,” wrote Nobel-prize winning novelist Gabriel Garcia Marquez, who would have revered the preservation of heaven-like reality that still exists today in the Caribbean Sea. Hidden among the gems of the North Atlantic Ocean and only a 75-minute flight from Miami International Airport, the Turks and Caicos Islands are an archipelago of forty islands and cays with a land mass just over 417 square kilometers, surrounded by turquoise sparkling crystal waters, a thriving reef home to millions of wildlife species, and tranquil beaches of white sand that glitters year-round in the warm sun. It easily looks and feels like a place where dreams are built, and has become just that for many global entrepreneurs seeking to add to their portfolios and thrive in a setting of the ultimate luxury and beauty.
Booming Economy of Providenciales
Providenciales, the main island of Turks and Caicos, is home to 75% of the inhabitants, and is a booming haven of luxury and adventure tourism, with an explosive gross domestic product that has soared from $358 million in 2001 to over $1.002 billion in 2018. A private banking refuge, international glliterati have built mansions like the Emerald Cay Estate which sold for $21 million in 2012 and boasts a tennis court, private beach, private dock, and draw bridge in the illustrious Chalk Sound neighborhood. Celebrities alike have flocked to the island with the Kardashians, Jenners, and artists like Lil Baby and Drake known as frequent guests.
As an elite hub for tourism, business has boomed for real estate acquisition markets in both the residential and commercial sectors—the Ritz Carlton is currently building a hotel and residences on Grace Bay, a twelve mile stretch of unparalleled beauty where Jojo the island dolphin is known to pop-in for an impromptu swim with guests of his own accord. The Grace Bay Community, which is the most developed area of the island, boasts small mom-and-pop restaurants of the most delicious cuisine from around the world and shopping suited to entice the many heavy-pocketed visitors. And yet, with all of that, opportunity abounds throughout the islands with many industries playing catch-up to the development that booms on Providenciales.
Catchin’ Caicos is a premier fishing boat charter company located in Turtle Cove on Providenciales, headed by an international businessman who has invested in both property and industry in Turks and Caicos. The company’s Captain Roy commands a 60 foot Hatteras fishing yacht which takes guests into the Atlantic for days of capturing marlin and snapper, and much more depending on the season. “The experience fishing in Turks and Caicos is unlike fishing anywhere else in the world,” says a spokesman, “Our guests come back because there is no comparison to the waters of the Caribbean Sea in TCI and our Captain Roy is famous for his lucky catch on a daily basis.”
Working Remotely from the Turks and Caicos Islands
The adventure tourism sector, one of the more developed industries, of the Turks and Caicos Islands serves a multitude of tourists seeking the thrill of island life from those to whom it is either home or second nature. Jamesly Joseph who grew up in Provo (as the locals call it) has found incredible success with his businesses Tropical Waves TCI a jet-ski company located on Sapodilla Bay, Real Adventures—an ATV tour company on Chalk Sound, and Chalkies Sports Bar in the same area. “Our guests come to Turks and Caicos looking to relax and have fun—we take it to another level by giving them as many high-end options as they need, while providing the freshest seafood caught daily by our fisherman. We have found a sweet-spot of balance in Provo between building posh and luxurious accommodations, while still maintaining the authenticity and natural beauty of the island,” said Mr. Joseph.
The main island of Providenciales boasts not one but two private airports, and a wealth of untapped opportunity for those who can afford to invest. In the modern slump of Covid-19 lifestyle changes, entrepreneurs working remotely could find themselves in heaven (as this writer has done) with a calmer season of tourism than the usual over one million guests and access to a bevy of waterfront villas for possible longterm tenancy where the past has seen weekly high rates that soar into the hundreds of thousands and beyond. The outer islands of North and Middle Caicos, still early in the development stages, boast one and two acre beach front properties that sell for well under a million dollars— reminding of the past when properties in Providenciales now worth five and six million dollars were once similarly priced. The fantastic opportunities available in this pristine heaven, are fit for those looking to take a small risk to find a vast reward.
Would you consider working remotely from the Turks and Caicos Islands? Let us know down in the comments.
This article originally published on GREY Journal.