business setup in trinidad and tobago: a guide for investors

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BUSINESS SETUP LAND & BUILDING INCENTIVES IMPORTS LICENSES WORK PERMITS BUSINESS SETUP LAND & BUILDING INCENTIVES IMPORTS LICENSES WORK PERMITS IS YOUR BUSINESS REGISTERED LOCALLY? WILL YOU BE CONSTRUCTING? ARE YOU ELIGIBLE FOR INCENTIVES? WILL YOU BE IMPORTING GOODS? WILL YOU NEED AN INDUSTRY SPECIFIC LICENSE? WILL YOU BE HIRING FOREIGN EMPLOYEES? INVESTOR DECISION TREE Work Permit Application Licenses Application Import Permits Application Import duty Concessions Application Incentives Application Business Registration BIR, PAYE & NIB Registration VAT Registration Ministry of Finance Registration (If applicable) Will you be purchasing? Register Property Construction (Standard Approvals) Construction (Project Specific Approvals) LAUNCH EVENT NO YES YES YES YES NO YES NO YES NO YES NO NO NO Business Setup Work Permit Construction Licenses Incentives Import ENTER LEASE AGREEMENT Business Setup in Trinidad and Tobago Foreign investors thinking about expanding to Trinidad and Tobago will be happy to know that invesTT is the national investment promotion agency and one-stop shop for businesses of all types. We are also poised to assist local companies with any approvals required for expansion. Here are key facts about the investment journey. www.investt.co.tt Chemistry, Food & Drug Telecommunications Authority Accreditation Council (University) Free Zones Fiscal Film Tourism Agriculture Light Manufacturing ICT Business Setup Land & Building Incentives Imports Licenses Work Permits

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Page 1: Business setup in Trinidad and Tobago: A Guide for Investors

BUSI

NES

S S

ET

UP

LAND

& B

UILD

ING

INCE

NTIV

ESIM

PORT

SLI

CENS

ESWO

RK P

ERMI

TSBU

SINE

SS

SE

TU

PLA

ND &

BUI

LDIN

GIN

CENT

IVES

IMPO

RTS

LICE

NSES

WORK

PER

MITS

IS YOURBUSINESS

REGISTEREDLOCALLY?

WILL YOU BECONSTRUCTING?

ARE YOUELIGIBLE

FORINCENTIVES?

WILL YOU BEIMPORTINGGOODS?

WILL YOUNEED ANINDUSTRYSPECIFICLICENSE?

WILL YOUBE HIRINGFOREIGN

EMPLOYEES?

INVESTOR DECISION TREEINVESTOR DECISION TREE

Work PermitApplication

LicensesApplication

ImportPermits

Application

Import dutyConcessionsApplication

IncentivesApplication

BusinessRegistration

BIR, PAYE& NIB

Registration

VATRegistration

Ministry ofFinance

Registration(If applicable)

Will you bepurchasing?

RegisterProperty

Construction(StandardApprovals)

Construction(ProjectSpecific

Approvals)

LAUNCH EVENT

NO

YES

YES

YES

YES

NO

YES

NO

YES

NO

YES

NO

NO

NO

Business Setup

Work Permit

Construction

Licenses

Incentiv

es

Import

ENTERLEASE

AGREEMENT

Business Setup in Trinidad and Tobago

Foreign investors thinking about expanding to Trinidad and Tobago will be happy to know that invesTT is the national investment promotion agency and one-stop shop for businesses of all types. We are also poised to assist local companies with any approvals required for expansion. Here are key facts about the investment journey.

www.investt.co.tt

Chemistry, Food & DrugTelecommunications Authority

Accreditation Council (University)

Free ZonesFiscalFilm

TourismAgriculture

Light ManufacturingICT

Business SetupLand & BuildingIncentivesImportsLicensesWork

Permits