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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.
During the period April 21 – 23, 2023, InvesTT was pleased to host an official delegation from the Jinan Municipal Government, Shandong Province, People's Republic of China. The group, primarily comprised of 10 senior government officials, viewed Trinidad and Tobago as solid ground for trade and investment and specifically identified the tenanting of e TecK’s Phoenix Park Industrial Estate as high on their agenda for collaboration between the two countries.
InvesTT’s Vice President of Investor Services, Stacy Adams notes “This is the 2nd Chinese delegation to visit in the month of April, the first being from the Zhejiang Province. The visits were made possible through weekly virtual collaboration with our Trinidad and Tobago Embassy in Beijing and the marketing arm of the Beijing Construction Engineering Group as we aim to fulfill our mandate to tenant the Estate with at least 10 Chinese companies. We currently have 4 committed tenants from China.”
Head of the delegation, Ms. Chen Baiwei, Deputy Director-General, Foreign Affairs Office of the Shandong Provincial People’s Government, met with Senator the Honourable Paula Gopee-Scoon, InvesTT and exporTT on Friday 21st April and outlined the group’s interest in promoting e TecK’s Phoenix Park Industrial Estate to encourage Chinese companies to establish their operations there. The Estate is the first Caribbean project to be undertaken under the parameters of the Chinese Belt and Road Initiative via a Memorandum of Understanding which was signed by both countries in 2018.
Senator Gopee-Scoon shared this Government’s plans for diversification with a heavy focus on manufacturing and maritime industries and also invited Chinese cooperation in agri-investment, food production, ‘smart’ agriculture and a seed variety programme.
Ms. Baiwei indicated her openness for collaboration, describing Shandong Province as the ‘basket of China’ due to the fact that most of the country’s agricultural output originates there.
Other key topics of mutual interest were:
InvesTT and e TecK hosted the Shandong Province delegation to a tour of Phoenix Park on Saturday 22nd April. The group was excited to see that the Estate is 95% completed and with one of their own nationals, Summit Luggage, first in the process of setting up their manufacturing equipment in one of the completed factory shells.
Shandong is one of China’s top manufacturing provinces and also has a focus on investment cooperation in overseas projects in housing, education, construction and power generation.
Members of the delegation included senior representatives from: