Investment Incentives
The Park welcomes local and foreign investors to an array of investment incentives including:
- Tax holidays of up to ten years for the manufacture of products using significant local inputs, or goods produced exclusively for export, or capital intensive businesses investing in excess of TT $50 million.
- Exemptions from the import duty on raw materials, machinery and equipment for industrial projects.
- Exemption from corporation tax on profits, taxes on dividends and value added taxes on inputs for entities exporting 80% of products.
The Government of Trinidad and Tobago has been developing Industrial Parks throughout the nation and offer incentives to companies investing in these parks.
Evolving TecKnologies and Enterprise Development Company (e Teck) has been at the forefront of these developments along with the Ministry of Trade and Industry. Both of these organisations offer the incentives of investing in Trinidad and Tobago and in Industrial Parks such as the Cove Eco-Industrial and Business Park.
Links
Ministry of Trade & Industry: www.tradeind.gov.tt/Trade and Investment/invest_tt.htm
e Teck: www.eteck.co.tt
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