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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.
This was one of the key points raised by InvesTT during their presentation of Tamana InTech Park to members of the Delegation of the European Union to Trinidad and Tobago on May 4, 2017. The diplomatic delegation included His Excellency Arend Biesebroek, Head of the Delegation of the European Union to Trinidad and Tobago; His Excellency Hédi Picquart, Ambassador of France to Trinidad and Tobago; His Excellency Tim Stew, British High Commissioner to Trinidad and Tobago; His Excellency Dr. Lutz Goergens, Ambassador of Germany to Trinidad and Tobago; Mr. Emilio Lorenzo Serra, Ambassador designate of Spain to Trinidad and Tobago and Mr. Linley Geeban, Trade Officer attending on behalf of the Embassy of the Netherlands.
Tamana InTech Park spans 1100 acres in eastern Trinidad and is positioned to be a high profiled commercial centre for technology and innovation. The presentation which was aimed at highlighting business opportunities at Tamana, was hosted by newly appointed President of InvesTT, Mr. Christopher Lewis. In his inaugural address, he assured the delegation that InvesTT is ready to assist EU businesses to set up at the Park and in Trinidad and Tobago.
The mission of InvesTT, an agency under the Ministry of Trade and Industry, is to attract, facilitate and retain investments in Trinidad and Tobago. The Agency also has the responsibility to secure local and international tenants for Tamana InTech Park.
Currently, Tamana has 20 fully serviceable land lots varying in sizes from 1 acre to 21 acres available for lease. The Park offers a competitive lease rate of US$3.25 per square meter with the added incentive of a reduced rate of US$3.00 per square meter for the first five tenants. The entire first floor of the Flagship Office Complex which comprises 9,098 square meters is also available for lease. These spaces and other key features of the Park were viewed by the delegates during a tour guided by InvesTT’s sales team. They also had the opportunity to disembark the vehicle and view Moriche Palm trees – indigenous only to Trinidad and Venezuela. Thirty percent of the Park is dedicated to the Moriche reserve.
While emphasis is being placed on the important role of Information Technology in realizing the vision for the Park, it is not the only industry targeted to create enabling clusters at the Park. Other industries of interest are High Value Manufacturing, Financial Services, Business Process Outsourcing and Data Centers.
This tour follows a previous visit by the Diplomatic corps to T&T in February which was hosted by Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry.
Businesses operating in the above mentioned industries interested in establishing offices at the Tamana InTech Park may contact Mr. Sekou Alleyne, Manager Investor Sourcing at 225-4688 ext 2268. Further information on the Park can also be obtained from its website www.tamana.com