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.
Oldendorff Carriers saved shipping costs and reduced carbon emissions by investing in a Trinidad and Tobago transshipment hub. Now with the transshipment operation in Trinidad, Oldendorff Carriers can utilize large ships with up to 200,000mt capacity.
Prior to the 2012 investment, shipping iron ore from the Amazon and Orinoco River was carried out in medium size vessels due to the draft restrictions within the rivers.
It took 4 of these ships over 75 days to supply 1 shipping order to China, racking up Oldendorff Carriers’s fuel costs and carbon emissions. Large ships holding more cargo would make the transport of material more efficient.
The company needed a base close to Brazil or Venezuela where they could transfer ore from smaller ships into larger vessels for the long voyages to China and the Middle East. Trinidad's Gulf of Paria provided deep water anchorage for the large draft ships and calm, protected marine space.
Oldendorff Carriers specializes in carrying raw materials, thus the name bulk shipping. The company operates on average 500 vessels and each year carries around 300 million tons of bulk and utilized cargo as well as performs 14,000 port calls in 125 countries.
The company was founded in 1921 by Egon Oldendorff in Luebeck, Germany which still serves as the head office. Oldendorff's global operations are today coordinated from 18 offices world-wide by 2,100 employees of 60 different nationalities.
“We dealt with a lot of other countries and I was very impressed with the level of professionalism, the quality of questions, and issues we had to go through. I found it to be very reasonable.”
Saving costs and carbon emissions
Skilled labour force
InvesTT came to the rescue by facilitating the investment process so that Oldendorff could begin operations. The experience helped build capacity for making future maritime investment even faster and simpler.
This transshipment hub is a first for the country’s maritime industry and the project had to get done quickly. The agency quickly understood all that was required for Oldendorff and walked the company through the process, using the resources of its strategic alliances.
Within five months, InvesTT helped Oldendorff:
InvesTT continues to assist Oldendorff in its current operations.