We assist you throughout your decision-making process and until you set up a business in Trinidad and Tobago.
Find out more
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.
Summit (TT) Luggage Co. Ltd, headquartered in Guangdong, China, is the first mover to e TecK’s Phoenix Park Industrial Estate. Company officials Michael Chen and Sera Huang arrived in Trinidad and Tobago on 3rd February, 2023 to provide direct oversight of the customization and completion of their 5,000 sq. m. state of the art factory shell.
Summit (TT) Luggage is establishing a manufacturing assembly line to produce 90% hard-shell luggage using polycarbonate and polypropylene inputs. They will export their products from Trinidad and Tobago mainly to North American and European corporate clients which include well-known brand names in the luggage and retail industries.
Sekou Alleyne, president InvesTT, notes “We are excited about Summit’s expansion to Trinidad and Tobago as it highlights the increasing global investor confidence in the country as a manufacturing and exporting hub in the Caribbean. We have a huge investment advantage in nearshore manufacturing because of our geographic location between the Americas, alongside the easy access to consumers provided via our international cargo ports and trade agreements.”
According to Michael Chen (Factory Manager) “Many Chinese companies are moving their factories overseas and we chose Trinidad and Tobago primarily for its location so that we can easily reach our clients in the USA. The benefits for us are that shipments from here will take about one week in quick turnaround in addition to the fact that it will be easier for clients sharing the same time zone to visit our TT factory for audits as they are close by.”
Summit Luggage was founded in 2001 and is one of the leading luggage enterprises in China with approximately 1200 workers. Their annual output is up to 3 million pieces of luggage and bags which are currently being sold in more than 80 countries. Summit’s future plans for expansion in Trinidad and Tobago include greater industrial space and the application of plastic injection technology for luggage component manufacturing.
InvesTT’s Investor Services team has been working closely with Summit (TT) Luggage to assist them with work permits, access to incentives, regulatory agency permits and post construction approvals.
e TecK is the landlord for Phoenix Park Industrial Estate with the responsibility for construction oversight of Chinese contractor Beijing Construction and Engineering Group (BCEG). The construction of the Estate is the first project to be undertaken in the Caribbean under China’s Belt and Road Initiative.
For more information on tenancy, please visit e TecK's Phoenix Park Industrial Estate (investt.co.tt) OR send us your request for information via firstname.lastname@example.org