Trinidad and Tobago 2012 - invesTT

Investment Incentives
These incentives include:
• Exemption from customs duty on the importation of
capital goods, parts and raw materials for use in connection
with the approved free zone activity
• Exemption from Value Added Tax
• Exemption from corporation tax
• Exemption from business levy
• Exemption from withholding taxes on remittance of
profits, dividends and other distributions;
• Exemption from container examination fees;
• Exemption from work permit fees and land and building
taxes
Approval may be granted for a portion of exports from the Free
Zones to the Trinidad and Tobago market which would be subject
to all applicable import requirements and in the case of Services,
to payment of taxes on the proportion of profits relative to the
domestic sales.
Free Zones Company
The Trinidad and Tobago Free Zones Company Limited (TTFZ)
accepts business plans from limited liability companies incorporated
or registered in Trinidad and Tobago who wish to undertake activities
in a free zone. The business plan must include detailed information
regarding jobs, skills, export markets, environmental and planning
considerations, feasibility studies and evidence of compliance with
provisions of the Free Zones Act, 19 of 1988 (as amended) and
other relevant regulations.
Once a business plan satisfies the established criteria, The TTFZ
will provide the company with the appropriate Free Zone application
form for designation of a Free Zone and/or approval of an activity.
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