We assist you throughout your decision-making process and until you set up a business in Trinidad and Tobago.
Find out more
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.
June 10th 2022 - Press Release
Summit Luggage Co., Ltd. (Summit) and Docare Quanzhou Hygienic Product Company Ltd. (DoCare) signed their letters of offer with the Estate’s landlord e TecK at the end of May after months of prudent investment facilitation by InvesTT and the Estate’s contractor Beijing Construction Engineering Group (BCEG). InvesTT and BCEG are working collaboratively with the Embassy of the Republic of Trinidad and Tobago, Beijing to attract Chinese companies to establish operations at PPIE which is the first project in the Caribbean to be implemented under the Belt and Road Initiative.
InvesTT’s president, Sekou Alleyne, says “It’s a significant milestone for the team as we began promoting the Estate in September 2020 and have been working assiduously since then, barring the obstacles posed by the Covid-19 pandemic. Both of these companies are large light industrial manufacturers which, when combined, have the potential to contribute to national economic growth by way of an estimated 220 local jobs and a total investment value of TT$90M. We are currently in negotiations with 2 more companies led by Chinese nationals in our foreign investment pipeline.”
Founded in 2001, Summit has over 20 years of bag manufacturing experience. It began with a small-scale factory and now it stands as one of the largest and leading luggage producers in China, with more than 1,200 employees. Up to 3 million luggage items and bags are produced in its 90,000 sq m plant every year and sold to more than 80 countries in the world.
DoCare is a disposable hygiene care products manufacturer and supplier in China. It offers baby diapers, pull-ups, and wet wipes which are exported to over 120 countries and regions.
The tenants opted for the PPIE after weighing different options of industrial parks in Southeast Asia and Latin America. They cited the following factors which influenced their decision to locate in Trinidad and Tobago:
This announcement comes alongside the confirmations of three local companies, including Ramps Logistics and Global Tobacco, who will also be expanding their operations to PPIE.
In December 2021, anchor tenant PriceSmart International unveiled its intention to invest TT$52 million at the Estate.
Situated on 538,000 sq.m. in Point Lisas and financed by Export-Import Bank of China, PPIE contains five factory shells each at 5,000 sq.m. It plays an important role in the country’s economic development and diversification efforts as it targets firms in the areas of high-value and light manufacturing. PPIE is ideally suited for businesses seeking to grow markets in the Americas and has the potential to become a new industrial cluster and an economic powerhouse in the region.
According to BCEG, the construction of the PPIE is slated to be completed towards early August 2022.
Read more about PPIE here