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Setting up a business in Trinidad and Tobago is quite straight forward.
The Government of the Republic of Trinidad & Tobago (GORTT) encourages foreign direct investment in almost all sectors, with specific focus on the non-energy targeted sectors.
Trinidad and Tobago's success in energy has fueled its rapid development into one of the most industrialized and cost-effective nations in the Caribbean and Central America.
Trinidad and Tobago is a twin island republic situated below the hurricane belt, at the southern-most end of the Caribbean archipelago.
Edan K. Properties manages many complex projects - from purchase to conceptualization, financing and site development. In its role as facilitator, InvesTT has worked alongside Edan K. and played a significant role over the years in the fast-tracking of processes required to implement multi-faceted development projects.
InvesTT facilitated company registration and access to import duty concessions for equipment, engaged the Ministry of Energy & Energy Industries on the placement and inspection of their LPG tanks as well as facilitated smooth entry at Immigration for foreign engineers needed to install equipment and train local staff.
Located in St. Augustine Trinidad, Virtana Inc. is an outsourcing company that delivers high quality robotics software solutions to international technology companies, utilizing engineering graduates based in Trinidad and Tobago.
The Government of the Republic of Trinidad & Tobago (GORTT) encourages foreign direct investment in almost all sectors, with specific focus on the non-energy targeted sectors. Generally speaking, there are no restrictions or disincentives to investment.
Download full list of government incentives
Fiscal Incentives are benefits granted to large scale manufacturers or processing enterprises under the provisions of the Fiscal IncentivesAct, Chapter 85:01 (as amended).
Other incentives include:
Why T & T for Manufacturing
Import Duty Concessions. Locally registered firms engaged in ship building and ship repair are allowed duty free treatment on their machinery, equipment and materials for use in the boat and ship building and repairsindustry. Third Schedule ofthe Customs Act, Chapter 78:01
Free Zones Status. Firms in the Maritime sector can also benefit from Free Zone Status based upon theprovisions of the Free Zones Act, Chapter 81:07; Same as Free Zones Status under the Manufacturing Sector. Free Zones Act, Chapter 81:07
Why T & T for Maritime
Production Expenditure Rebate Programme
Why T &T for Creative Industries
The Tourism Development Act (TDA), 2000 (as amended) provides for benefits to be granted to the owners/operators of various types of tourism projects, once these projects have the potential of contributing substantially to the growth of the tourism sector. The benefits that are offered include
CLICK HERE for link to Application Form (Form A) for Incentives under the Tourism Development Act and Lists of Documents Required.
Why T & T for Tourism
(i) for a single company project - TT $500,000;
(ii) for a business alliance of two or more companies - TT $1,000,000; and
(iii) for patent registration - TT $300,000.
Co-Financing. Companies can enjoy reimbursement, through exporTT, for a portion of the costs associated with entry into selected export markets. A company shall receive financial support on pre-approved investments, purchases, costs or expenses.
Importation of Goods for temporary use. The Comptroller may give permission to any person to import any goods without payment of duty thereon, upon being satisfied that the goods are so imported for temporary use only. Special conditions are applicable. Chapter 78:01 Customs Act