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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 is set to target regional and international investors at the upcoming Caribbean Investment Forum (CIF 2022) which takes place in Trinidad and Tobago during 8th to 11th November, 2022.
As the national investment promotion agency, InvesTT will be making its country pitch for foreign investment into selected sectors such as Manufacturing, Logistics & Distribution, Maritime Services, Business Process Outsourcing, ICT, Renewable Energy and Agribusiness. The event falls squarely into the Agency’s mandate to support the Government’s economic diversification thrust through investment promotion and securing of investments.
CIF 2022 is well-subscribed at this time as approximately 400 participants have registered to attend the largest business forum to be physically convened in Trinidad and Tobago since the onset of the Covid-19 pandemic. Thus far, the majority represent private sector firms from 17 countries including CARICOM, Haiti, Dominican Republic, United States, India, South Africa, Rwanda, Ghana, United Kingdom and the United Arab Emirates. Thirteen investment promotion agencies from the Caribbean will also be seeking foreign direct investment at the event.
According to Sekou Alleyne, President InvesTT – “We are excited to be a part of this significant Forum which will bring Caribbean economies together to attract foreign investments that have the potential to transform our economies. We have a united voice yet we are unique in our approach and the myriad of investment opportunities available on each island. It is an excellent way for a foreign investor to view the Caribbean as a whole and recognize how regional linkages can add value to his/her business model.”
At the end of Fiscal 2022 (30th Sept. 2022) InvesTT exceeded its investment goal by 111% with a value of TT$486.3Mn in total facilitated investments, 29% of which represented secured foreign investments in areas such as BPO and Logistics/Distribution.
“The Caribbean Investment Forum presents an ideal platform from which we can widen our investor outreach to increase investments, particularly in Manufacturing which is a sector of key focus going forward this Fiscal.” – Sekou Alleyne.
InvesTT’s role at CIF 2022 also includes:
Thursday 11th November - Invest in Trinidad and Tobago