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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.
Trinidad and Tobago Fine Cocoa Company (TTFCC) announced its investment in a new production plant for the manufacturing of culinary chocolate products for the export market, at its media launch event held on 22nd November 2021, at The Chocolate Box, Hilton Trinidad & Conference Centre in Port of Spain.
According to Ashley Parasram, Founder and Director of the TTFCC, “we don’t just want to see Trinidad’s chocolate as the best but also as fantastic for culinary use”. To achieve this, the TTFCC has partnered with the Institute of Culinary Education in New York and three-starred Michelin chef, Michael Laiskonis. This collaboration will be the catalyst to position Trinidad and Tobago’s award-winning Trinitaro cocoa and chocolate products before North American and European markets. Parasram disclosed that this expansion by the Trinidad and Tobago Fine Cocoa Company is part of a wider investment in a new state-of-the-art cocoa processing facility planned for 2022.
In her remarks at the launch event, Senator the Honourable Paula Gopee-Scoon, affirmed the Ministry of Trade and Industry’s support. She stated that the value-added chocolate bars and chocolate products are really what will take Trinidad and Tobago forward as it will
“contribute to the development of the agricultural sector, ensuring that the cocoa industry makes a finer contribution to our economy.”
Parasram emphasized the importance of building on the partnerships with the Trade Ministry, InvesTT and other public and private agencies, as he credited these partnerships for TTFCC’s ability to create a range of innovative cocoa products. He went on to applaud InvesTT’s continued role in facilitating the expansion of TTFCC’s operations to supply the international market.
InvesTT has remained committed to facilitating the investments of the Trinidad and Tobago Fine Cocoa Company over the past 7 years. The investment promotion agency continues to work on behalf of TTFCC to secure an expanded space to accommodate its most recent expansion into the international culinary arena. Parasram endorsed the services InvesTT offers to investors as he previously shared that
“as a diaspora investor, InvesTT helped me navigate the business environment in Trinidad and Tobago. I can easily pick up the phone and get advice from them. They are a key partner and our best friend in business.”
Visit InvesTT’s corporate website www.investt.co.tt to read more of Trinidad and Tobago Fine Cocoa Company’s success.
Learn about the investment opportunities for agro-processors at e TecK's Moruga Agro-Processing and Light Industrial Park at Moruga Agro-Processing and Light Industrial Park (investt.co.tt)