We assist you throughout your decision-making process and until you set up a business in Trinidad and Tobago.
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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.
InvesTT welcomes Concargo Transportation, a warehouse, transportation and logistics company based in Indiana USA, that plans to capture their Caribbean and Latin American customer markets from a home-base in Trinidad and Tobago. Concargo is one of the largest minority owned companies in the State of Indiana.
Brighton Dube, the company’s African-American owner/entrepreneur said “My key deciding factors in choosing Trinidad and Tobago were the investment climate, which I found to be very welcoming to foreign investment, the politically stable environment, a relatively low rate of electrical power disruptions compared to other places where I’ve worked and the available supply of an educated pool of workers. Where the job market is not enough to meet the supply of labour, companies like mine find that most attractive.”
Sekou Alleyne, president InvesTT, pinpointed Concargo’s entrance as a boost to the local logistics industry and employment for youths - “We are pleased to welcome Concargo to Trinidad and Tobago. They are young and innovative and have a unique method of delivery that will revolutionize warehousing and logistics in T&T. InvesTT is excited to work with Concargo in expanding their opportunities, specifically the establishment of their BPO dispatch offshore logistics initiative. Our team stands ready to assist Concargo and facilitate their future re-investment into T&T.”
According to Dube “Setting up our own office in Trinidad rather than working with a partner here is certainly more affordable for us. InvesTT was very instrumental in reminding us to keep this country in our expansion plans. The Caribbean as a whole is a big market and we want to be able to use our own employees. We plan to invest a lot of money in training.”
Concargo began operations on Wrightson Road, Port of Spain in July 2022 with a vibrant and energetic office staff of 11 local employees – dispatchers, managers and administrative staff – with plans to recruit at least 10 drivers. The company will introduce house-to-house product delivery via motorcycles, in addition to the more traditional use of vans for larger items in the initial stages. Future plans consist of the provision of dispatch services to other international logistics firms, with Concargo acting as the outsourcing agent.
Dube is already very proud of his initial staff complement in T&T. Kern Phillip, a talented young local Director of Operations who manages the office while Dube is away, also expressed great pride in working with Concargo.
Kern says - “One good thing about foreign companies coming to T&T is that there are lots of new jobs available. I’m a recent university graduate and I’ve seen the struggle to find employment in T&T after graduation - after so many years of studying, you can’t use your talent. In a logistics business like this one, there’s opportunity for self-improvement and growth. Critical thinking skills come into play in order to solve logistic issues because in the transportation business there can be many different ways to move something. Therefore, it requires thinking outside of the box. At Concargo, we believe in teamwork and we treat everyone equally. We encourage a lot of team bonding as this is how we generate ideas. We want to create an encouraging working space where people will want to come to work and enjoy their work. We want people to build their careers with us instead of for us.”
Dube also emphasizes that Concargo Transportation is not just a money-making venture – “In addition to providing efficient and cost-effective solution for our customers, we have a strong interest in corporate social responsibility just like we do in the USA and we’d like to give back to and make an impact in the community in any way that we can.”
For more information on how you can invest in Trinidad and Tobago's Logistics industry,
please call us at 1 (868) 225-4688 or email firstname.lastname@example.org