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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.
Amidst a globally challenged economic climate brought on by the ongoing pandemic, Trinidad and Tobago continues to forge ahead with its goal of economic diversification and growth. Through the investment targeting strategies of InvesTT, under the direction of the Ministry of Trade and Industry, in-roads of collaboration are being made into foreign territories with which this country has diplomatic ties. The China-Trinidad and Tobago Cooperation Forum held on September 22, 2021, was one event aligned to the Investment Promotion Agency’s strategic approach to investment sourcing for the period 2020 to 2021. The Cooperation Forum marks the commitment of the two countries to the mutual advancement of economic goals.
The event was well attended by approximately 60 firms and included representatives from provincial governments and businesses in China, as well as from investment and trade promotion entities, industrial associations and businesses in Trinidad and Tobago. They were engaged by the ongoing discourse and presentations from a distinguished panel of business leaders and trade experts that covered the latest developments and policies related to the investment cooperation between China and Trinidad and Tobago. These included new areas for potential cooperation such as climate change, safer transit of persons between countries post-pandemic, and the establishment of a digital economy.
Well established names were among the presenters and included Huawei, BCEG, Yutong and China Railway Construction Investment Group who have all been doing business in Trinidad & Tobago for some time. Also presenting was the First Caribbean Marketing Company, a Trinidad & Tobago based firm owned and operated by Chinese nationals.
H.E. Ambassador Fang Qiu, in his opening remarks stated that Trinidad and Tobago is one of China’s most important partners as it was the first country in this region to join the Belt and Road Initiative and that China attaches great importance to Trinidad and Tobago. He went on to further comment that at this stage, bilateral relations have entered the best period in history.
President of InvesTT, Sekou Alleyne commented that the Forum represents another avenue to identify and promote opportunities in the country from which Chinese firms can benefit as part of their global expansion plans.
Similarly, Trinidad & Tobago firms can also be exposed to opportunities to partner with Chinese firms both locally and abroad, to seek mutually beneficial outcomes. He further iterated that this Forum was just the first installment of the opportunities that lie ahead for both countries.
Chinese investors eye operations at Phoenix Park Industrial Estate