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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 Trinidad and Tobago International Finance Centre is an onshore financial centre which acts as a gateway to Latin America for financial institutions from North America, Europe and Asia. The agency focuses on attracting foreign institutions as anchor tenants to T&T in the areas of BPO/ Shared Services, Investment Banking, Asset Management amd Professional Services.
Trinidad and Tobago ranks 61st out of 139 economies (see chart below) for the development of its financial market. Sound banking and investment policies and a well- regulated securities exchange ensure that private sector investments are secure.
61st: Trinidad and Tobago
87th: Dominican Republic
Source: Global Competitive Index 2016/2017
The Financial Services Industry includes banking and non-banking services as well as regulatory and administration bodies.
T&T's financial sector is regulated by the Central Bank of Trinidad and Tobago (CBTT) . Commercial bank products and services include local-currency and US-dollar savings and investment instruments, foreign exchange dealings, money market instruments, trade financing, project financing and the floating and underwriting of shares and bonds.
Source of Information: Oxford Business Group
As at December 31st 2015, the Trinidad and Tobago Stock Exchange had 29 listed companies and a market capitalization of USD 17 billion (Source: TTSE)
(Information sourced from TTIFC's website www.ttifc.co.tt)