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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 launch of Crowe Horwath International’s accounting network in T&T shows that foreign investors remain interested in investing in the country said Trade Minister Paula Gopee-Scoon.
“The establishment of a presence in both islands reflects the strength of the domestic business environment, the country’s stable political system and the human resource capabilities residing in this country,” Gopee-Scoon said.
She was speaking at the Crowe Horwath International’s “Newest Expansion in the Caribbean” Breakfast Launch on Tuesday.
Scoon noted that: “T&T’s sustained ability to attract companies in the services and other sectors reflects a robust foundation upon which the eighth largest global accounting network will flourish as it promotes its suite of audit, tax and advisory services”.
She said that there are attractive features which position T&T as an ideal destination in which to do business which included the country’s easy access to North and South America, its strategic location as a transhipment hub for exports, preferential access to the markets of CARICOM and other regional and international markets through trade agreements with the United States of America, Canada and the European Union, low utility cost, developed communications infrastructure and access to generous fiscal incentives.
“The establishment of a presence in both islands reflects the strength of the domestic business environment, the country’s stable political system and the human resource capabilities residing in this country.”
The services sector is important to the country’s economy, contributing approximately 56 per cent to total Gross Domestic Product (GDP).
The Ministry of Trade and Industry, recognising the services sector’s potential, has been working to create opportunities, bolster competitiveness and support trade facilitation to stimulate investment in services through strategic interventions.
Gopee-Scoon welcomed the Crowe Horwath International staff and expressed anticipation of a long and fruitful, mutually beneficial relationship.
Juan Carlos Lara-Povedano, Regional Executive, Crowe Horwath International assured the audience of the company’s commitment to contribute to the growth and development of Trinidad and Tobago for the future.
Source: Guardian Trinidad and Tobago