Cost of Doing Business T&T

8/6/2019 Cost of Doing Business T&T

1/15

invest t&t

the cost of doing business


2/15

trinidad & tobago is a nation on the rise.

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plcl .

We are building one o the worlds next diversifed economic

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3/15

we are trinidad & tobago.we are next.

Welcome.

Tese are truly exciting times or rinidad & obago. Here in the frst years

o the new millennium, our twin-island nation has evolved signifcantly, rom

a ar outpost o the British Empire into a regional economic powerhouse.

In addition to having the most dynamic economy in the English speaking

Caribbean, & has emerged as one o the major players in the multilateral

trading system. With one o the highest rates o FDI in the region, our nation xpc 15 l cc gw, pv

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& is one o the most prosperous, highly diversifed and industrialised

countries in the Caribbean, and a dominant player in CARICOM. While our

economy is energy based, with large exports o oil, gas and downstream

energy products providing the bulk o the countrys revenue, we have a

highly developed industrial base, and a deeply entrenched manuacturing

and services sector, especially fnancial services.

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trade agreements; a commitment to ree market policies and strong

cc .

Te Ministry o rade and Industry (MI) invites you to read this publication xpl w g b v pp

wc c .

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ccg b w .

the ministry o trade and industry


4/15

P O Sp, T

E BSl Pp & Pp

L Ul Lbl

N-P Cp

Exl Cp

T T T

H RM Wg

Scl Sc Cb

Slc Wg Sl

Tlp R

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I R

UElcc

W

Nl G

Tp

I S F

S P R

U C

6

7

10

14

16

17

1

20

table ocontents


5/15

the cost o doing business 8 www.investtnt.com 9

t&t

S Pp PpSc F

Rg F

Cc Rg

Ip L ULy CpySc F

Flg Acl Icp

Flg S Dcl Cplc

Flg Nc Dc

Flg Nc A

Cc Icp

Ip N Pf CpySc F

Flg Acl Icp

Flg S Dcl Cplc

Flg Nc Dc

Flg Nc A

Cc Icp

R E CpyRg F

Flg Applc Rg

Flg Afv Sl Dcl

Dcl A--Lw

Pw A

Cc Rg F

establishing a businessCp p Cp A, 15,

R G, My O L A.

Source: Ministry o Legal Aairs, Companies Act, 1995

te o business

TT$.

.

.

5.

4.

4.

4.

4.

4.

5.

5.

4.

4.

4.

4.

,.

4.

4.

4.

4.

4.

US$3.17

31.75

3.17

3.97

63.49

6.35

6.35

6.35

6.35

3.97

79.37

6.35

6.35

6.35

6.35

317.46

6.35

6.35

6.35

6.35

6.35

taxation in trinidad & tobago y T T B I R.

P I TIc v tt$6,

Cp TBc R

Pccl/Pl Mg Cp

Cp x Lg- Ic B

B Lv >200k, 0.20 g l cp

G F Lv, 0.0 g l cp

Ic P x

Fcl Svc x

Hl Acc x

Vl A x (VA)

Pl P x

P Pf TUpl Lv

Spp P TL Op

M Op

W TMx v

Mx p

& bg bl x g w llwg: C,

CARICOM, C, D, Fc, G, I, Il, Lxbg, Nw, Sw,

Swzl, U Kg, U S Ac, Vzl.

Source: Board o Inland Revenue, www.ird.gov.tt

%5

5

35

15

6

15

1

15

5

5

1

36

15

selected tax rates

selected tax rates


6/15

the cost o doing business www.investtnt.com

t&t

Nl M Wg

N Wk DyF 4 v

Nx 4 v

Sy P HyF 8

A 8

Scl Sc cb, Nl Ic cb, pbl b b pl pl

Nl Ic Ac. Epl q b lw p cb bl ll pl

p ppc. Nl Ic b Nl Ic B cv l

g v c, , vl, j jb, .

human resourcesM : M y M W A. N k

p y, k p.

Sources: Ministry o Labour, www.labour.gov.tt / National Insurance Boar d, www.nibtt.co.tt

national minimum wage er hour

1.

1 l

l

l

3 l

US1.59

WkyE

TT$1. 199.99

. 69.99

7. 359.99

36. 449.99

45. 549.99

55. 659.99

66. 769.99

77. 879.99

88. 19.99

11. 119.99113. 159.99

16. 1399.99

14. 1549.99

155. 1719.99

17. 1914.99

1915. v

Epy Wky

CTT$

5.6

8.3

11.3

14.18

17.5

1.18

5.3

8.88

33.8

37.4541.83

46.55

51.63

57.3

63.61

67.3

Epy Wky

CTT$

11.

16.45

.5

8.35

35.

4.35

5.5

57.75

66.15

74.983.65

93.1

13.5

114.45

17.3

134.5

T Wky

CTT$ / US$

16.8 / .67

4.68 / 3 .9

33.8 / 5.5

4.53 / 6.5

5.5 / 8.33

63.53 / 1.8

75.8 / 11.9

86.63 / 13.75

99.3 / 15.75

11.35 / 17.8315.48 / 19.9

139.65 / .16

154.88 / 4.58

171.68 / 7.5

19.84 / 3.9

1.8 / 31.9

overtime

social securit contributions

national insurance contributions 8

PQl Cl cc

Acc Cl

Pc Spv

MgS Sc Ofc

Rcp

Ofc A

Cl/p

Mcc

C

Dlv Dv

Average Annual Base SalariesAll Industry

PC Fcl Ofc

Mg, Gl Accg

H Rc Mg

Mg, I clg Plg

Mg Mg

Acc Excv

Nl Sl MgCp Sc

H O Cp Cc

Pcg Mg

W Spv

H Hl, S Ev

S Pl Mg

Pc Mg

Mg, EggQl Ac Mg

human resourcesW : Cp y .

y p

T T.

I f , ,

.

Sources: Ministry O Labour, www.labour.gov.tt / Research and Planning U nit, Ministry O Labour & Small &

Micro Enterprise Development (Utilising Te Compensation Report 2005-2006, HRC Associates Management

Consultants 2007-08)

selected monthl wages

TT$3,73.

,8.44

9,33.

,16.673,15.67

4,681.5

,46.

,55.

4,84.

,966.

,318.

TT$555,469

88,31

39,987

3,13

37,47

31,8

43,19

39,31

347,158

395,74

165,94

384,39

38,87

4,48

334,5344,445

US$59.95

447.68

1,479.84

337.5751.4

743.1

381.9

4.8

765.71

47.8

367.94

US$88,169.68

45,76.6

38,93.17

35,43.63

59,1.54

36,796.83

68,84.44

61,941.43

55,14.44

6,813.33

6,5.4

6,99.3

6,773.33

67,6.3

53,1.633,451.59

executive salaries


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the cost o doing business www.investtnt.com 3

t&t

TSTTRFx l x l

Fx l bl

Fx l w

RPg 1 Gl (Ul)

Pg Slv (9 )Pg 3 Bz (5 )

BPg 1 Gl (5, )

Pg Slv (,5 )

Pg 3 Bz (1,5 )

FRFlw Flw cll

Fx l bl

Fx l w

RPg 1 U-l Bb

Pg U-l w/ Bb

Pg 3 U-l l (3 )

Pg 4 U-l ll U Dp (1, )

Dy R P M

USA, C, U Kg

CB, Bb, Dc, Dc Rpblc,

Jc, P Rc, S. Lc, S. Vc &

T G

GEpA, Blg, Fc, G, Il, Nl,

Nw, Sp, Swzl

C S AAg, Blz, Cl, Clb, C Rc

S

Vzl

O IB

C, Hg Kg

I

Jp

Ml, S Ac

telecommunicationsT S T T (TSTT) F

p p T T. I A

C T T 6.

domestic rates

TT$

.7

.9

.46

87.5

7.115.

1,15.

575.

87.5

TT$

F

.79

.1

.

34.99

99.99

49.99

TSTTTT$ / US$1.5 / .

1.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

.5 / .4

US$

.4

.18

.7

45.63

3.8618.5

18.54

91.7

45.63

US$

.13

.3

5.55

15.87

39.68

FTT$ / US$.58 / .9

1.44 / .3

.3 / .37

3.45 / .55

3.45 / .55

.3 / .37

1.15 / .18

3.45 / .55

1.73 / .7

1.15 / .18

1.73 / .7

3.45 / .55

selected international rates

B P P PM TT$ US$1 75. 11.9

14. .

4 6. 41.7

telecommunications

Source: S, www.tstt.co.tt, www.bmobile.co.tt, www.blinkbroadband.tt / Flow rinidad Ltd,

www.owtrinidad.com / Digicel rinidad & obago, www.digiceltt.com

cellular rates

TT$

79.

149.

9.

349.

699.

799.

149.

1,799.

,99.

,399.

,599.

5,49.

69.99

189.99

349.99

689.99

63.49

1,149.99

,99.99

5,174.99

US$

1.54

3.65

36.35

55.4

11.95

16.8

198.5

85.55

333.17

38.79

41.54

833.17

11.11

3.16

55.55

19.5

1.4

18.54

365.8

81.43

TSTTBk BResidential

Pg 1 56B w, 64B p

Pg 51B w, 18B p

Pg 3 1MB w, 56B p

Pg 4 MB w, 768B p

Pg 5 Up 1MB w, 768B p

Business

Pg 1 51B w, 18B p

Pg 1MB w, 56B p

Pg 3 1MB

Pg 4 MB w, 768B p

Pg 5 3MB w, 768B p

Pg 6 4MB w, 768B p

Pg 7 6MB w, 768B p

FH Sp I A R

Residential

Pg 1 -clc

Pg -clc l 1, MB w, 56B p

Pg 3 -clc l , 6MB w, 1MB p

Pg 4 -clc l 3, MB w, 768B p

Business

Pg 1 B L, 1MB w, 51B p

Pg B 1MB w, 1MB p

Pg 3 B 6MB w, MB p

Pg 4 B 39MB w, 3MB p

D

M TT$ US$1 95. 15.8

4 185. 9.37

36 55. 4.48

internet service rates


8/15


9/15


t&t

D RM Bll

C Cg

Eg Cg p W

14 W

411, W

Ov 1, W

C RM BllC Cg

Eg Cg (14 W)

I RD1M Bll

D Cg p KVA

Eg Cg (14 W)D2M Bll

D Cg p KVA

Eg Cg (14 W)

DM Bll

D Cg p KVA

Eg Cg (14 W)

Vy L IM Bll

D Cg p KVA

Eg Cg (14 W)

utilitiesEy T T y T T Ey

C (TTEC).

electricit rates

TT$x C Cg

6.

.5

.31

.36

x C Cg

5.

.39

RCC*

5.

.19

RCC

5.

.1

RCC

4.5

.17

RCC

41.

.13

US$

.95

.4

.5

.6

3.97

.6

RCC

7.94

.3

RCC

7.94

.3

RCC

6.75

.3

RCC

6.51

.

*RCC = Rv Cpc Cg

Source: rinidad & obago Electricity Commission, www.ttec.co.tt

Quarterly

D UAnnual axable Value (AV)

5

511

11

Ov

A U

D MUp 15 cbc

Abv 15 cbc

M Cg

I U

I MM Cg

C U

C MM Cg

Lg Il & Ccl U

Lg Il U

utilitiesW T T p y W A

S Ay (WASA).

TT$

18./q

118./q

3./q

7./q

15./

1.75/q

3.5/q

3./q

474./

3.5/

35./

474./

3.5/

35./

US1.7 p ll BU

Ngbl b pc/q

US$

17.14

18.73

3.

4.85

16.66

.8

.56

4.76

75.4

.56

5.56

75.4

.56

5.56

Source: Regulated Industries Commission, www.ric.org.tt / National Gas Company o rinidad & obago,

www.ngc.co.tt

R

95% AV

81% AV

54% AV

47% AV

15% AV

P cbc

P cbc

P cbc

P cbc

water rates

natural gas rates


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the cost o doing business 8 www.investtnt.com 9

t&t

G C P O Sp :Bgw, Bb

Kg, Jc

M, USA

Nw Y, USA

, C

L, UK

F P Sp :Bgw, Bb

Kg, Jc

M, USANw Y, USA

, C

L, UK

, Jp

transortation

ocean reight rates

20 . C16.

186.

1466.

.

658.

1837.

40 . C1957.

144.

47.

85.

3461.

94.

R clv BL, OHC .

Source: Alstons Shipping Limited, www.alstonsshipping.com (Agents: Hapag-Lloyd And Bernuth) /

Caribbean Airlines rinidad & obago Limited, www.caribbean-airlines.com

M. C6.

6.

6.6.

6.

1.

15.


11/15


t&t

Slc w b, p l

Pbl c, g

Lv cc, 454g

Egg, lg 1 z

Pw l, 8g

C, 1g

S , 5l

Oc g , 1 l

Bl w, 65l

Gl, l, p l

Dl, p l

P Ng*

(p g)

bg (p g)

Cy

US 1

CAN 1

GBP 1

YEN 1

EURO 1

selected rices and rates

*R v ll

Sources: Central Statistical Ofce o rinidad and obago (CSO) / ourism Development Company Limited,

www.tdc.co.tt / Central Bank o rinidad and obago, www.central-bank.org.tt

rices o selected consumer items

selected hotel rates *

selected exchange rates

TT$9.5

15.13

5.63

13.8

45.4

55.1

.53

8.99

.49

3.

1.5

S (US$)847

833

By6.

4.96

8.91

.69

8.67

US$1.51

.4

.89

.19

7.15

8.75

.4

1.43

.4

.48

.4

D (US$)9577

1155

S6.3

5.4

9.4

.71

9.8

91 Bll R

Bc P R

Ov R

Rl E Mgg

C Ppy*Lc

P O Sp, S F,

Scbg, bg

S R R P O Sp B Ap

4 B w

4 B H

selected rices and rates

selected interest rates

My R R (p q. )TT$

3. 35..

1. .

My R R9, 1,

18, 1,

7, 3,

real estate rices

Sources: Central Bank o rinidad and obago: www.central-bank.org.tt, December 2007 / *Factory Shells range

rom $1.60 to $2.75 Monthly (US$0.25 to US$0.44) Per Square Foot, Evolving ecKnologies and Enterprise

Development Company Limited (e ecK), www.eteck.co.tt / Association O Real Estate Agents, www.areatt.com

N:

C R c Ocb 8

US cv cp g US1 = 6.3, vg Ocb 31, 8

Pc R cl Vl A x (VA) 15% w pplcbl, xcp l lp

lcc .

T c bc b p c g b & bg

c bjc cg . F , pl cc cK.

N. 2007.%

13.%

13.%

13.%

US$

4.76 5.563.17

1.59 3.17

1,5 ,

3, 3,5

4,5 5,


12/15

the cost o doing business www.investtnt.com 3

t&t

A C C T T6 Mvl R, NwwP Sp, t: (868) 6-34, : (868) 68-948e: [email protected], : www.c.c

B I R H, S. Vc SP Sp, t: (868) 63-111, : (868) 67-7967e: [email protected]., : www..gv.

B Dp Cpy151B Cl SP Sp, t: (868) 63-557, : (868) 64-3919e: @bc.c. , : www.bc.c.

C S O (CSO)Nl Sc Blg, 8 Ipc SqP Sp, t: (868) 63-6495, (868) 63-759: (868) 65-38e: @c.gv., : www.c.gv.

C E DNcl CP Sp, t: (868) 65-3311, : (868) 65-4138

TKT A, D Mgl R ExEl Sc, t: (868) 675-1989, : (868) 675-915, (868) 675-878e: @c.c., : www.c.c.

I Dp67 Fc SP Sp, t: (868) 65-3571, : (868) 63-75

My Ey Ey I

w C- Eg & bgIl W C, 1 Wg RP Sp, t: (868)63-678, (868) 6-MOEEI: (868) 65-36: p://g.gv.

My F AKwl Blg, 1 Q P WP Sp, t: (868) 63-4116, : (868) 64-4e: [email protected]., : www.g.gv.

My TClc H17-19 D SP Sp, t: (868) 64-143, : (868) 65-185e: @.gv., : www..gv.

My T IyNcl w, 6-65 Ipc SqP Sp, t: (868) 63-931-4 , : (868) 67-, (868) 67-8488e: @.gv., : www..gv.

S C Iy C I.S 313, C Sppg CL Hl Av, .o. bx 8S F, t: (868) 65-5613, : (868) 653-4983e: [email protected], : www.cc.g

T H AyCl Hll Av CplxCl Hll, Scbg, bgt: (868) 639-341, : (868) 639-5959w: www..gv.

T Dp Cpy LLvl 1, M C, 9 AvB, t: (868) 675-734-7, : (868) 675-743e: @c.c., : www.c.c.

T T B S1- C Dv, c Il EMc, t: (868) 66-887, : (868) 663-4335e: [email protected]., : www.b.g.

T T C Iy CCb Blg, Clb CclWg, t: (868) 637-6966, : (868) 637-745

e: [email protected]., : www.cb.g.

T T M AMA Blg, 4 AvB, t: (868) 675-886, : (868) 675-9e: @.c, : www..c

useul contacts

C G Rp T T, M, USA1 Bcll Av, S 8M, FL 33131-347 USAt: (35) 374-199, : (35) 374-3199e: @wl...

C T F ORp T TC Ngc MCll 3 76 78, Ec BjgP N. 1, Oc 14, M , Mcp PlHv, Cbt: 537-4-44, : 537-4-446: www..gv.

Ey Rp T T,B, BAv L F 14115 Bl, Blgt: 11-3-76-94, 11-3-76-9415: 11-3-77-783e: @bg.b

Ey Rp T T,B, BzSHIS QL Cj , C 1

71665-8-Bl D.F., Bzlt: 11-5561-3365-3466, 11-5561-3365-357,11-5561-3365-113, : 11-5561-3365-1733e: [email protected], lx: 611844 bb

Ey Rp T T,L H, CAv. 5. N 663 66 68, M, PlC Hv, Cbt: 11-537-7-963, : 11-37-7-964e: [email protected]

Ey Rp T T,C, Vz-1 Q P c, Av 6

7 vl Al, Mcp A

Cc E M, Cct: 11-58-1-61-3748, : 11-58-1-61-981e: b@cv.

H C Rp T T, O, CT Lvl, F Av OwO C K1S G6t: 1-613-3-418/9, : 1-613-3-4349e: [email protected], : www..c

H C Rp T T, N D, IB-3/6, V VNw Dl, 11 57 It: 11-9111-46-75, : 11-9111-46-755e: @c.

H C Rp T T, K, J

7 Fl, P Cbb Blg6 K BlvKg 5, Jct: 1-876-96-5739, 1-876-96-573,1-876-968-588, : 1-876-96-581e: &[email protected]

H C Rp T T, Aj, NN. 7 Cblc S(O Nb S, O A K Cc)W II, Abj, F.C.., Ngt: 11-34-9-53-7534/6417, : 11-34-9-53-7684e: [email protected].

H C Rp T T, Kp, U44 Cw II Plc, Mb, .o. Bx 415 NwKpl, Ugt: 11-56-414-56-4-5: 11-56-414-3-318/9e: [email protected]

H C Rp T T, L, U K4 Blgv Sq L, SW1X 8Nt: 1-144-7-45-9351, 1-144-7-1-965: 1-144-7-83-165e: [email protected]

P M Rp T T Oz A S178 Mc Av, N.W.Wg DC 36-1975, USAt: 1--467-649/3, : 1--785-313e: @bw.c

P M Rp T T U N, G, Sz37-39 V1 Gv, Swzl

t: 11-41-918-38, 11-41-918-39: 11-41-7349138e: M.-bg@..: p://www3../MISSIONS/-bg

P M Rp T T U N, N Yk, USAC Blg, 1 4 S, Fl 39Nw Y, NY 1168, USAt: 1-1-697-76, : 1-1-68-358e: @UN.IN

overseas missions or the reublic o trinidad & tobago


13/15

P L., p TT p

the reublic o trinidad & tobago: we are next l

Iv P b vlp b cK Spcl Pp

S Ep M I v & bg l c. cK vlpg p

vc ccll bl, clg v,

environmentally accountable, community oriented and knowledge based,

cg lw l .


14/15

www.investtnt. com +1 (868) 638-0038

A variety o incentive programmes are available or qualifed g c v

v . I wl l bcg p wl

x v b p, pl cc .

Pc b Evlvg cKlg Ep Dvlp Cp L ( cK), Fb. 9


15/15

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