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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.
on its response to Covid-19
The Covid-19 pandemic has impacted the way business is conducted in Trinidad and Tobago, challenging several businesses to move towards digital utilization and transformation. Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry is today commending the business community for “responding and adapting to the new-norm despite the challenges presented”. She said, “this pandemic has called on several businesses to implement work-from-home policies and offer innovative online services and solutions to ensure business continuity”.
Citing one such example, the Trade Minister commended iQor Trinidad Limited for its response to the pandemic. She noted that “iQor Trinidad Limited, a global Business Process Outsourcing (BPO) which offers support for several international telecommunication and retail companies, has managed to retain its employee base over 1000 persons and has transitioned 95% of its workforce to work at home providing an internet allowance to support team members who required that extra support”.
iQor Trinidad Limited has indicated that their successful transition is due in part to their network of operations, IT and human resource leadership and to the flexibility of their global network and highly virtualized infrastructure, which allow them to facilitate work from home arrangements with minimal disruption to their clients while providing the same high-quality experience.
Minister Gopee-Scoon acknowledged that several businesses have been able to embrace opportunities provided by an online platform which she described as very promising.