Ease of Doing Business in

Trinidad and Tobago

Trinidad and Tobago Download Profile (1898.4KB, pdf)
Region Latin America & Caribbean
Income Category High income
Population 1,360,088
GNI Per Capita (US$) 18,600
City covered Port of Spain



DB 2017 Rank



DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 96 92 down
60.99 61.07 down
Starting a Business 69 69
88.59 88.33 up
Dealing with Construction Permits 149 149
59.21 59.20 up
Getting Electricity 31 24 down
84.36 84.30 up
Registering Property 150 151 up
47.51 47.50 up
Getting Credit 44 42 down
65.00 65.00
Protecting Minority Investors 53 51 down
60.00 60.00
Paying Taxes 145 142 down
57.33 57.33
Trading across Borders 123 114 down
62.60 63.48 down
Enforcing Contracts 168 167 down
36.55 36.55
Resolving Insolvency 70 66 down
48.74 48.97 down

DB 2017 Rank: 69

DB 2016 Rank: 69

Change in Rank: 0

DB 2017 DTF (% points): 88.59

DB 2016 DTF (% points): 88.33

Change in DTF (% points): up0.26

Indicator Trinidad and Tobago Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 7.0 8.3 4.8
Time – Men (days) info_outline 10.5 31.6 8.3
Cost – Men (% of income per capita) info_outline 0.6 31.5 3.1
Procedure – Women (number) info_outline 7.0 8.3 4.8
Time – Women (days) info_outline 10.5 31.6 8.3
Cost – Women (% of income per capita) info_outline 0.6 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
No. Procedure Time to Complete Associated Costs

Request the company name

Agency: Companies Registry

Company name search is done through the Single Electronic Window at www.ttbizlink.gov.tt.
Less than one day (online procedure) TTD 25

Register with the Companies Registry

Agency: Companies Registry

The completed documents are filed in person with the Commercial Registry, along with payment of the required fee. The company is legally registered and acquires its own legal personality on the day on the date shown on its Certificate of Incorporation. However, it takes about 4 business days to obtain the certificate of incorporation, which provides required evidence for the company to undertake other procedures (for example, registering with tax authorities).

The following documents must be filed in duplicate: (a) Form 1 (now also includes form 31), the embossed articles of incorporation; (b) Form 6, Notice of address of registered office; (c) Form 8, Notice of directors; and (d) Form 27, Notice of secretary. All forms are available at the Government Printer.

As of April 2013, online registration is available at www.ttbizlink.gov.tt.

Once the incorporation is approved, the original signed forms must be submitted in person to the Registry, where they are stamped and processed. Then, the Certificate of Incorporation along with accompanying documents can be received the same day. If the subscription account was not chosen to pay for the incorporation, then payment for the incorporation has to be paid at the cashier.   
3 days TTD 560 (TTD 400 for Articles of Incorporation Form + TTD 40 for Notice of Address of Registered Office Form + TTD 40 for Notice of Directors Form + TTD 40 for Notice of Secretary Form + TTD 40 for Certificate of Incorporation)
* 3

Make a company seal

Agency: The OfficeWorks Limited

The TTD 150 quoted is for a rubber company seal with no logo. A self-inking rubber seal would be around TTD 300. A metal seal costs about TTD 400.
2 days (simultaneous with previous procedure) TTD 150 + VAT

Apply for tax payer identification number

Agency: Board of Inland Revenue

To apply for a taxpayer identification number, the company applies with the Board of Inland Revenue for a corporate file number and a pay-as-you-earn file number.
1 day no charge
* 5

Apply for Registration as an Employer

Agency: National Insurance Board

To obtain a national insurance number, the company must apply to register as an employer by completing an application form (NI.1) and filing it with the National Insurance Board of Trinidad and Tobago. Employer registration is effective immediately upon receipt of the application except when the system data indicates previous registration of the employer. A Certificate of Registration is issued in the name of the company immediately following registration.
1 day (simultaneous with previous procedure) no charge
* 6

Apply for Registration of Employees

Agency: National Insurance Board

After applying to be registered as an employer and receiving a national insurance number, the company must enroll with the National Insurance Board any qualifying employee who has not been enrolled previously. The employer must submit N1.4- Application to Register an Employed Person to the National Insurance Board Service Centre within 14 days of hiring the employee. The employee is then required within 7 days of employment, to provide the company with the information needed to complete Form NI.4. This form must be signed by the company and filed with the authority. It takes 4 weeks for the National Insurance Board Service Centre to notify the company that the application is in order and to supply the company with the employee's national insurance number.
4 days (simultaneous with previous procedure)
no charge
* 7

Register for VAT

Agency: Value Added Tax ('VAT') Office, Board of Inland Revenue

If the company earns gross income over TTD 500,000 per year or if it anticipates earning such an income within 12 months from the date that it applies for VAT registration, it may apply by completing, signing, and filing two forms (VAT No. 1 and VAT No. 2) with the required supporting documentation. The company can start operating without being registered for VAT and apply only once it has reached the TTD 500,000 threshold. Upon registration, it will receive a certificate and a VAT registration number.
7 days (simultaneous with previous procedure)
no charge

* Takes place simultaneously with another procedure.