Over the past few years, the island nation of the Republic of Trinidad and Tobago has become an attractive jurisdiction for doing business. The economy of Trinidad and Tobago is gaining fast industrialization among the Caribbean, so if you want to open a company in Trinidad and Tobago, this will be a profitable business management solution. Registering a company in Trinidad and Tobago is beneficial for the owners of the tourism business, as well as businesses related to Cuba.
To set up a company in Trinidad and Tobago, you need to submit documents to the Central Statistical Office of Enterprises (CSO), located in the island state. The state fee, when registering an enterprise in Trinidad and Tobago will be $25 Trinidad and Tobago (TTD) - which is equal to 3€.
To open a company in Trinidad and Tobago, you must be guided by the Law on Business Names, adopted in the Republic of Trinidad and Tobago. This law prohibits the registration of identical company names. Therefore, entrepreneurs, who want to register a commercial firm in Trinidad and Tobago, must register the name of the company, which is not yet in the general register of companies on the island. It is worth mentioning, that each search request for companies, that are registered on the island of Trinidad and Tobago will cost 2,5€. After confirming the official name of the company, the founders make a contribution to the island tax office for receiving constituent documents for the company in the amount of 25 TTD (3€). The application for opening a company in Trinidad and Tobago is submitted to the Commercial Register. The procedure for registering a company in this island state takes approximately 4 days. After the confirmation from the Commercial Register, a company in Trinidad and Tobago submits a registration application to the Internal Revenue Service. If you decide to set up a company in Trinidad and Tobago, you need to order a wet seal. For the manufacture of rubber stamps, the island country takes 115 TTD (13€), for the stamps made of metal takes 400 TTD (48€). A company in this jurisdiction must also obtain a tax identification number. Entrepreneurs, who wish to establish a company in Trinidad and Tobago, must apply to the tax registry to register as an employer.
Therefore, a full company registration in Trinidad and Tobago will take about 30 business days.
- a Limited Liability Company (LLC);
- a Limited Liability Partnership (LLP);
- a self-employed.
The Republic of Trinidad and Tobago charges a 15% value added tax (VAT) on goods and services to be paid to the Internal Revenue Division of the Ministry of Finance.
If you decide to start a business in Trinidad and Tobago, the competent specialists of YB Case will provide you with full support in the registration process.
Please, check with our specialists for possible solutions for your business.