We assist you throughout your decision-making process and until you set up a business in Trinidad and Tobago.
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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.
Our robust maritime infrastructure, strategic geographic location, specialized value chain and ecosystem provide the right environment for your commercial maritime operations or leisure marine activities.
T&T’s naturally sheltered, deep harbor in the Gulf of Paria makes it a preferred location for the storage of ships. This will be particularly useful to oil and gas services companies during periods of a business slowdown. There are designated maritime zones for lay-ups which attract competitive fee structures:
Opportunities exist in designated maritime zones in the Gulf of Paria for the establishment of offshore transshipment operations – bulk commodities and energy-related products. Investors will benefit from Trinidad and Tobago’s proximity to source markets in South America, a well-developed maritime infrastructure as well as industry support mechanisms.
There are several ship repair facilities located in Trinidad including one dry dock facility with a lifting capacity of 23,000 metric tonnes (MT) and an overall length of 230 meters. Opportunities exist for investors to engage in joint ventures to expand existing facilities or for greenfield investment to develop new facilities to cater for the increasing demand for ship repair services in the region.
Increased activity in the manufacturing sector and requisite growth in import/export trade has led to growth in the Commercial Maritime services industry. Trinidad and Tobago is now a strategic transshipment sub-hub for exporters wishing to target other smaller Caribbean islands and the mainland in South America.
The country’s leisure marine activities are concentrated in the Chaguaramas cluster tucked in the north-western peninsula of Trinidad.
Key to this cluster is the Chaguaramas Bay which is an exceptionally sheltered natural harbour. It is one of the best locations in the Caribbean for yacht storage and repair centres.
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 repairs industry.
Value Added Tax Exemption
Repair services for ships involved in commercial maritime are exempt from VAT under the provisions of the Value Added Tax Act
Companies are allowed expenses reasonably incurred in the training and retraining of employees up to 150% of such expenditure under Section 10E of the Corporation Tax Act, Chapter 75:02.
Under the Corporate Tax Act, any company which promotes or sponsors yachting will be allowed an allowance equal to 150% of the actual expenditure incurred in respect of such promotion or sponsorship, up to a maximum of $450,000.