We assist you throughout your decision-making process and until you set up a business in Trinidad and Tobago.
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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.
InvesTT, the country’s national investment promotion agency (IPA), continues to provide the right support to local and international investors seeking to invest or expand business operations in Trinidad and Tobago. Since its inception in 2012, the IPA has facilitated a total of 117 site visits and secured 25 investment projects with a total value of TT$3 billion. Eight investment projects were closed in fiscal 2017-2018.
“We had a target of securing 4 investments this year and we surpassed our goal by 100%. Three of the investments are from foreign companies which we facilitated until they made their final decision to establish themselves here. The other five are reinvestments from local companies for whom we have been providing regulatory assistance. For both types of investments we acted as the primary contact through which all their business registration processes, issues, concerns, site visits and requests for information were channelled, so that their investment goals could be achieved within a reasonable timeframe.”
The investments closed by InvesTT in 2018 are from companies operating within the Manufacturing, ICT, Maritime, Agro-Processing, Services and Creative Industries, which have been targeted by the Government for growth and development in its overall economic diversification strategy. One of the companies will be the newest tenant at Tamana InTech Park which offers 20 land lots for lease within its 1100 acres of prime industrial real estate.
The IPA’s role in diversification is to scan the local environment for lucrative investment opportunities and promote them to foreign and local investors. It is also set up to make it easier for investors to establish and/or expand their business in the country by providing pertinent business information, creating value chain business linkages and acting as the liaison between the investor and government entities e.g. Town & Country Planning Division, the Environmental Management Agency, the Commission of State Lands, Immigration Division.
InvesTT applies best practices in Investment Promotion and in 2017 was commended for its expansion and reinvestment strategy by fDi Intelligence - a service from the Financial Times and the largest FDI centre of excellence globally. It was also voted a top investment promotion agency in 2015 and 2017 by Site Selection Magazine.
The IPA continues steadfastly on its mission to attract, facilitate and retain investments in Trinidad and Tobago and has already set itself to achieve greater heights with an active pipeline for Fiscal 2019.
To find out more about InvesTT and doing business in Trinidad and Tobago, please set up an appointment with a member of our team at +1 (868) 225-4688 or email us at firstname.lastname@example.org.