Below are some of our most Frequently Asked Questions.
All businesses must complete the first step in the process which is the reservation of a business name. The second step is different for Limited Liability Companies (LLC) which file articles of incorporation. You will use the following online tools to complete this processRead More
The GORTT generally only gets involved in foreign investments when the investor is seeking government incentives or concessions such as tax holidays, duty-free imports of equipment and materials, or exemption from VAT on inputs. The government also becomes involved when an investor wishes to lease land in one of the government-owned industrial parks, and when a planned activity requires a license, such as mining or drilling. Nationals and non-nationals are generally treated equally with respect to obtaining licenses.Read More
Minimum wages are set by the Minimum Wages Act. Normal working hours are 8 hours per day 5 days per week, inclusive of meal break and rest period.
Compensation varies according to the industrial sector. Other fringe benefits such as health insurance, meals, travel allowances and bonuses may also apply.
Average wage earnings for high level occupation groupings - US$60,000 per annum
Minimum wage - TT$15.00 per hour (approx. US$2.22)
A foreign national wishing to work in Trinidad and Tobago must apply for a work permit through the Ministry of National Security. Each work permit is issued to a particular person for a specified period of time and for attachment to a particular company or institution, as described in the permit.Read More