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.
An Inter-Ministerial Committee has been appointed by Cabinet for the Approval and Facilitation of Investments in the Non-Energy Sector. The Committee aims to provide investors with a predictable and transparent regulatory environment that makes it easier to do business in Trinidad and Tobago. The Committee is specially tasked with, among other matters, facilitating non-energy sector investments over the value of US$5m and simplifying regulatory decision processes in accordance with international best practice.
On May 10th, 2017, Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry, chaired the First Meeting of the Inter-Ministerial Committee with high-level representatives from seven (7) Government Ministries and agencies at Nicholas Tower, Port of Spain.
Addressing members of the Committee, Senator Gopee-Scoon explained the importance of Foreign Direct Investment (FDI) to further the economic diversification and development of Trinidad and Tobago. FDI has numerous direct positive effects including increased employment, generation of foreign exchange, technology transfer, human capital formation, increased business competitiveness and enterprise development that in turn raise the average citizen’s standard of living. However, as local regulatory processes become more cumbersome, service standards fall and FDI finds its way to more competitive markets.
To attract investment and realise the benefits of increased FDI, representatives from various Ministries commit to rework the operability of regulations based on international standards. Local and foreign Investors will benefit from higher standards of service such as shortened processing times. The Committee has set the temporary standard of a maximum of 60 days for approvals for simple projects, and 180 days for more complicated projects, in the interim, while processes are reworked.
As approval processes across Ministries are simplified and shortened, it will become easier to do business and thereby facilitate greater foreign investment. Similar revised service standards based on international best practice are being developed and implemented in all Ministries on the committee including the Ministry of Works and Transport, Ministry of the Attorney General and Legal Affairs, Ministry of Public Utilities, Ministry of Planning and Development, Ministry of Finance, and Ministry of Agriculture, Land and Fisheries.
The formation of the Framework and Inter-Ministerial Committee for the Approval and Facilitation of Investments in the Non-energy sector reinforces the Government’s commitment to sustainable growth and development through increased investment.
The Corporate Communications Unit
Ministry of Trade and Industry