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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’s president, Sekou Alleyne, presented investment opportunities in Trinidad and Tobago to an audience of Saudi investors during 6th & 7th July at the Saudi-Caribbean Investment Forum in Punta Cana, Dominican Republic. The Forum, hosted by the Caribbean Association of Investment Promotion Agencies (CAIPA) in collaboration with the Ministry of Investment for Saudi Arabia (MISA), was attended by representatives of some of the largest firms in Saudi Arabia, in addition to Caribbean IPAs and government representatives from both regions.
Saudi Arabian businessmen showed particular interest in infrastructural projects, Renewable Energy as well as large Tourism developments. The Saudi Arabian Ambassdaor for the region, based in Venezuela, also expressed interest in visiting Trinidad and Tobago to follow up on more specific opportunities for Saudi firms.
According to Mr. Alleyne, who is also a director of CAIPA, “The high participation from companies at this Forum indicates that investors are still eyeing the Caribbean for opportunities. My presence there fit squarely into InvesTT’s FDI mandate to reach out and connect with international investors, with the ultimate aim of persuading them to establish a business in Trinidad and Tobago. It is important for the country to have increased visibility as a short-list investment location as this will directly impact our potential for a speedy post-pandemic economic recovery and growth."
For Fiscal 2022, InvesTT has already surpassed its FDI target for Fiscal 2022 by 146% and achieved its target for local direct investment (LDI) by 100%.
As the national IPA, InvesTT promotes investment opportunities in the areas of Manufacturing, Business Process Outsourcing, Maritime Services and Logistics. The Agency also actively seeks tenants for the GORTT’s industrial estates that are managed by e TecK, such as the Phoenix Park Industrial Estate, the Moruga Agro-Processing and Light Industrial Park and the Tamana InTech Park. In June, the Agency announced the confirmation of 2 Chinese companies to tenant e TecK’s Phoenix Park Industrial Estate.