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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.
Investment opportunities highlighted by the panel also included ship lay-ups. Speaking about the maritime history of Trinidad and Tobago, Ronald Alfred, Director, Maritime Services Division, Ministry of Works and Transport shared that, “Trinidad and Tobago is one of the few areas in the Western Hemisphere where lay-ups occur.” He added that the state welcomes investments in lay-up and transshipment activities. He also noted that there was a lack of marina facilities in Trinidad and emphasized the state’s interest in facilitating an investment of this nature.
New investment criteria that speaks to loyalty, environmental impact and sustainability are also anticipated as a result of increased focus on the environment.
Titled Maritime & Logistics: Distribution Dynamics and the Related Logistics Opportunities for Nearshoring in the Caribbean, the panel discussion was held during Day 2 of the Trinidad & Tobago Virtual Investment Forum. It was moderated by Craig Watkins, Senior Investment Officer, InvesTT while the panel comprised Ronald Alfred, Director, Maritime Services Division, Ministry of Works and Transport, Hayden Alleyne, President, The Shipping Association of Trinidad and Tobago and Sean Patience, Managing Director, Cargo Consolidators Agency Limited.
Browse the digital resources for the Trinidad and Tobago Virtual Investment Forum: Digital Resource Page
Learn more about Maritime and Logistics Opportunities