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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 is pleased to welcome Ms. Franka Costelloe as Director and newly appointed Chairman of the organisation. The appointment which took effect August 24th, 2021 was part of a recent announcement by Senator the Hon. Paula Gopee-Scoon, Minister of Trade and Industry.
Ms. Costelloe who is a Director of Lifetime Roofing Ltd, a full-service speciality manufacturer and contractor of roofing architectural and structural systems, also sits as the Chairperson of First Citizens Trustee Services Limited and is a Director on the Boards of First Citizens Bank Limited, First Citizens Bank (Barbados) Limited and First Citizens Bank (Costa Rica) Limited where she brings expertise in operational negotiations with both governmental and private financial institutions.
Ms. Costelloe brings extensive private sector experience to the role having served as Director and President of the Trinidad and Tobago Manufacturers’ Association for six years until April 2021. She has also served at the executive level in strategic planning, business development, investment analysis and operational negotiations. Ms. Costelloe was instrumental in the design of the 2020-2025 Export Strategy for the Association which aims to stabilise, strengthen, and secure the sector, and sees her appointment as an opportunity to further contribute to the growth of the sector and to national GDP.
“I appreciate the vote of confidence and am honoured to be of service to our country in this new role. I see this as an opportunity to build on the advocacy from the various non-energy sectors over the past year for the need to improve the Ease of Doing Business and to foster trade and economic growth.
I very much look forward to working with the Ministry of Trade and Industry, and on building on the work of InvesTT to create the right environment and incentives to give our country the much needed competitive edge in a post Covid economy.”
In addition to Ms. Costelloe, newly appointed Directors to the Board are: Mr. Christophe Brathwaite, Captain Alicia Hackshaw, Mr. Gerard Noel, Ms. Nola Drayton-Smith, Mr. Bevan Narinesingh and Ms. Tricia Beckles,
Ms. Costelloe holds a BSc in Administrative and Commercial Studies from the University of Western Ontario, an MSc in Building and Construction Management from UWI, and a Masters’ Certificate in Corporate Governance from the Caribbean Corporate Governance Institute.