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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.
Trinidad and Tobago's animation industry is at an embryonic stage with the presence of one major studio and several smaller ones. Production is centered on advertisements for ad agencies, public service shorts for government ministries and renderings/flythroughs for the construction sector. The University of Trinidad and Tobago (UTT) offers an under graduate degree in Digital Media Studies - Animation. UTT also offers a Certificate in Animation over 12 months. A matriculation path exists for students who wish to pursue the degree in animation after completion of the certificate programme. The university produces at least 50 graduates in 2D animation annually.
Tamana InTech Park
The investment opportunity is to establish a 50-60 seat animation studio that can leverage huge cost advantage in relation to the North American market. The studio’s focus should be on 2D production work that would include: Modeling, Character Rigging, Voice Recording, Layout, Screenplay, Storyboarding, Visual Development, Lighting, Texturing, Composting, Sound Effects, Music Content, Repurposing and Digital Management.
Cost advantage: A 22 to 24 minute episode would cost between US$200,000 and US$250,000 in the US and Canada, and between US$250,000 and US$300,000 in Europe. However, in India, the production cost works out to be about US$60,000, and in Trinidad and Tobago approximately US$62,000 to US$65,000.
Strong academic-government collaboration: Certificate, diploma and degree programmes at the University of Trinidad and Tobago, and Retraining programme of the Ministry of Education in 2D animation.
Technological support for the industry: (Robust fibre and copper networks, wireless technologies, radio; Digital fibre optic backbone network (FOBN); Nationwide radio microwave terrestrial network; Next generation networks (NGN), characterized by the use of Internet Protocol (IP), Multi-Protocol Switching (MPLS) and Wave Division Multiplexing (WDM).