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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.
Media Release: 9th August 2022
The ceremony commemorating the signing of the Letter of Offer between First Caribbean Marketing Company (FCMC) and Evolving TecKnologies and Enterprise Development Co. Ltd (e TecK) was held on Monday 8th August 2022 at e TecK’s Phoenix Park Industrial Estate.
Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry, stated that the ceremony “symbolizes the culmination of years of work by many people across different countries.” Minister Gopee-Scoon indicated that FCMC is the eleventh investor to commit to being a part of the state-of-the-art facility and added that “there are nine more investors currently in the pipeline with whom InvesTT continues to engage and follow up assiduously.”
According to Minister Gopee-Scoon, the Phoenix Park Industrial Estate which targets businesses engaged in Light and Advanced Manufacturing, Logistics, Distribution, and Warehousing, will create as many as 4,500 jobs when fully tenanted and operational. She noted that despite setbacks due in the main to pandemic-related issues, the Government is committed to completing the Park before the end of 2022.
Delivering the opening remarks, Mr. Imtiaz Ahamad, Chairman, e TecK also affirmed that the event marked “a significant step in strengthening the partnership between the People’s Republic of China and the Republic of Trinidad and Tobago.” He stated further that “e TecK stands committed to strengthening collaboration and synergies with all of our stakeholders to operate a modern and successful industrial estate for both local and international investors.”
Mr. Yang Han, Chargé d’Affaires, Embassy of the People’s Republic of China to the Republic of Trinidad and Tobago stated that e TecK’s Phoenix Park Industrial Estate is a flagship project under the Belt & Road initiative and is an important platform for the two countries to deepen and explore potential investment opportunities.
Mr. Charles Xiang Cheng, Founder, FCMC declared Phoenix Park as becoming a manufacturing, trade and logistics hub for the entire Caribbean region. He announced the company’s plans to construct a bonded warehouse in the first phase, predicated on the Government’s proposed incentivized legislation to create a Special Economic Zone at Phoenix Park. Phase two will entail a Trade and Exhibition Center, which can accommodate over 500 manufacturers’ displays, where buyers and sellers can transact in a technology driven environment, utilizing the 5G technology at the Industrial Park. Mr. Cheng stated that approximately 300 jobs will be created during construction and phase 1, and reported that the total investment will be in excess of TT$100 million.
Sekou Alleyne, President InvesTT described the event as an auspicious occasion which signified the “strengthening of economic relations between the People’s Republic of China and Trinidad and Tobago.” The signing ceremony concluded with the formal signing of the Letter of Offer between Mr. Charles Xiang Cheng of FCMC and Mr. Steve De Las - President, e TecK.
Click HERE to learn about the investment opportunities at e TecK's Phoenix Park Industrial Estate.