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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.
Friday 27th January, 2023: InvesTT Limited hosted heads and members of business chambers from the south, central and east of Trinidad at a business networking event on Thursday 26th, January in Chaguanas to discuss the facilitative role of the agency in the local business arena. The Chaguanas Chamber of Industry and Commerce was a key collaborator in organizing the event which was attended by approximately 50 representatives from the Chaguanas, Couva, Cunupia, Penal-Debe and Tunapuna chambers.
Franka Costelloe - Chairman, InvesTT in her opening remarks stressed the benefits to be realized by investors who seek the free assistance of the IPA stating,
“We look forward to adding your investment projects to the pipeline to ensure that they can be realized quicker than they would otherwise. … We’d like you to leave this event today feeling confident that you have a partner in your investments and that InvesTT is here to facilitate.”
Addressing the gathering, Chaguanas Chamber president Baldath Maharaj indicated his keen interest in the InvesTT product offering while referring to the outlook for local business recovery and growth. He said, “We expect that the expertise which InvesTT has to offer and the synergies between the business community and InvesTT can create opportunities in the non-energy sector.”
During a brief presentation Sekou Alleyne, President, InvesTT shared information about the IPA’s work and the facilitation services that it affords local businesses looking to expand operations or diversify. He highlighted the agency’s recent Open Call for Investment Projects, whereby investors in Manufacturing, Maritime and Logistics & Distribution seeking investment opportunities via partnerships or joint ventures, are invited to submit their project proposals to access the agency's facilitation services in support of their investment goals. He emphasized the agency’s drive to support investments asserting that, “The important focus here is not InvesTT, it is you (the investor). We want to help you realize your investment plans and achieve your investment goals.”
Key officials from two companies who have excellent working relationships with InvesTT were at hand to attest to the quality of InvesTT’s facilitation services. Nyal Khan, Executive Director, Edan K Properties and Garth Baptiste, Director of Properties and Projects at Unicomer.
In his address, Garth Baptiste was open with his accolades to the agency stating, “I’ve never met a more dedicated, professional, knowledgeable staff when it comes to facilitating investments. It really is a joy to have a body like InvesTT that can hold your hand through any investment issue that you have. I have them on speed-dial because when we have an investment, the first phone call that I would make is to InvesTT to assist.”
Nyal Khan was also vocal in his appreciation and expressed his confidence in the work that InvesTT provides. “My engagement with InvesTT over the last 7 years has certainly helped bridge the gap between private investment and state facilitation. As our local IPA, I believe they truly speak the language of the private sector and they understand the importance of timely delivery of projects and investments, not only for individual businesses but also for the wider community. If, as a business, there is a willingness to expand whether locally or internationally, I strongly suggest that you make InvesTT your primary resource when facilitating your investment.”
The event was well received by those in attendance with keen interest shown during the Q&A session about the nature of the free services provided by InvesTT and the capacity of the agency in advocating for improvements within the local business landscape as it applies to regulatory processes. Dhanraj Harrypersad, General Manager of Client Services at exporTT was also on hand to provide feedback in areas of grant funding facilities for SMEs.
With high targets set for this fiscal, the Agency looks forward to follow-up collaboration with heads of the business chambers and members to explore opportunities for business advancement.
Facilitation services provided by InvesTT to investors include but are not limited to:
Contact us via e-mail firstname.lastname@example.org to request more information about our facilitation services.