Calling all those interested in permanently residing on island time, did you know Turks and Caicos offers tax advantaged living? Though moving to the Caribbean may seem like a big jump, buyers purchasing a second home there can qualify to obtain permanent resident status. Residency is notably touted as being a worthwhile investment, as buyers are guaranteed the title to their property and the U.S. dollar is denominated. Moreover, once the property is paid, no further taxes are associated with ownership.