Featuring a viewpoint with Mark Laquis, Managing Partner, Pollonais, Blanc, de la Bastide & Jacelon, on the financial services regulatory framework, this chapter provides an overview of T&T’s legal framework, covering a range of topics from intellectual property rights to labour laws and immigration, among others.
This chapter provides an overview of T&T’s tax regime, covering areas of particular interest to investors such as corporate and individual income tax, value-added and Customs tax, as well as tax exemptions, among other aspects. In addition, it features a viewpoint with Angela Lee Loy, Chairman, Aegis Business Solutions, on the tax incentives supporting economic diversification.
The agricultural sector accounts for a tiny portion of T&T’s overall economy. It contributed an estimated 0.5% of GDP in 2014, according to the UN’s Food and Agriculture Organisation, while agricultural exports contributed just 0.01% of GDP. In labour terms, the sector accounted for 3.5% of total employment in 2013, or some 22,000 jobs, according to the central bank. While this is largely...
Buoyed by revenues from the oil and gas industry, education is one of T&T’s strengths. In its “Global Competitiveness Report 2014-15”, the World Economic Forum ranked T&T 44th for the general quality of its education system, 43rd for primary education, 35th for maths and science, and 33rd for its management schools, out of 144 countries. Unsurprisingly, the government has made...
The telecoms and broadcasting markets in T&T are both dynamic and profitable. The two major mobile operators – Digicel and TSTT, operating under its Bmobile brand – are benefitting from rapid growth in mobile broadband internet access. A shake-up in the duopoly is expected following a government announcement in 2014 inviting bids for a third mobile licence, as well as offering spectrum in...
The transport sector is becoming a priority for the government of T&T, as it works to establish a network of transport links capable of supporting economic growth throughout the country. A series of projects are now under way, including the Galeota Port project and the San Fernando-Mayaro highway, both of which are expected to support economic development and contribute to the...
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