Trinidad and Tobago 2012 - invesTT

A GUIDE TO INVESTING IN TRINIDAD AND TOBAGO (2012)
Section 6
The cost of incorporating a company is as follows:
(i) For proft – five hundred and sixty dollars, Trinidad and Tobago
currency (TT$560.00)
(ii) For non-profit – six hundred and sixty dollars, Trinidad and
Tobago currency (TT$660.00)
If however, he/she chooses to manually complete and submit an
application, the relevant forms must be completed separately.
The Articles of Incorporation are required to set out:
• The proposed name of the company
• Whether the members’ liability is limited or unlimited
• The number of directors
• The classes of shares
• Whether the right to transfer shares is restricted
• Any restrictions on the business that the company may
carry on
• Whether the company is profit/non-profit
The Articles of Incorporation must be completed by the applicant
and is subject to the payment of Stamp Duty to the Board of Inland
Revenue before it can be filed at the Companies Registry. Upon
payment of the Stamp Duty the Articles will be embossed by the
Board of Inland Revenue with the appropriate stamp value.
In the manual process, the applicant is required to submit, in
person, duplicate copies of the documents outlined above to the
Companies Registry along with the applicable fees to obtain the
Certificate of Incorporation. These documents include: Form 1 or
2 (Name approval), Form 31 (Declaration of Compliance) along with
Form 4 (Notice of Address of Registered Office), Form 8 (Notice
of Directors) and Form 27 (Notice of Secretary). This submission
can be done online on TTBizLink or the forms can be manually
completed and then submitted to the Companies Registry. When
the documents have been reviewed and accepted as being
compliant with all of the required procedures, the applicant is then
notified at the point of submission by the Companies Registry as to
the date for collecting the Certificate of Incorporation.
A Certificate of Incorporation is issued within two (2) working weeks
of filing all of the documents outlined above and gaining approval
of same by the Registrar. Once the Certificate of Incorporation is
received, the company is deemed to be duly registered under the
Companies Act, 1995.
Once the company has been incorporated under the Companies
Act, it may make its by-laws (optional).
The by-laws of a company govern the conduct and affairs of the
company. They are prepared by the company for the company’s
use. By-laws are not required to be filed at the office of the Registrar
of Companies.
Once incorporated, a company is required to complete and file its
annual returns (Form 28 for a profit company, and Form 29 for a nonprofit
company) not later than thirty (30) days from the anniversary
date of its incorporation.
Post Registration Requirements
The following post registration requirements can, at the moment,
only be done manually. These will be included in phase II of TTBizLink
which will cater to persons conducting these transactions online.
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