Investment Incentives

The Cove Eco-Industrial and Business Park welcomes local, regional and international investors to an array of investment incentives from the Government of the Republic of Trinidad and Tobago which include:-

- Investment Location

- National Incentives

  • Equity Investment for approved companies of up to thirty percent (30%) is available for medium to long term investors.
  • Tax Credit of twenty-five percent (25%) on chargeable profits for an approved small company.
  • Exemption from Corporation Tax on profits, taxes on dividends and value added taxes on inputs for entities exporting eighty percent (80%) of their final production

Fiscal Incentives for Manufacturing include:-

  • Tax holidays of up to ten (10) years for the manufacture of products using significant local input or goods produced exclusively for export or capital- intensive businesses investing in excess of TT$ 50 million (US$ 8.3 Million).
  • Exemption from Customs Duties on capital items (once project approval secured)
  • VAT Exemptions on imports of highly capital intensive industries
  • Income Tax exemption on dividends, other than interest of profits and gains derived from manufactured product prior to the tax holiday period.
  • Import Duty concessions on raw materials, machinery and packaging materials.

Free Trade Zone status - applicable if 80% of manufacturing is soley for export and or international trading whereby participants will access:-

  • Exemptions from Corporation Tax on profits, taxes on dividends and value added taxes on inputs for entities exporting eighty percent (80%) of their final production.
  • Exemption from tmport duties on capital goods, equipment, raw material and associated with manufacturing.
  • Vat Exemptionvon imports of highly capital intensive industries
  • Container examination costs waived
  • Work Permit, Land & Building taxes waived.

- Unique to Cove Eco-Industrial and Business Park

  • Modern, state-of-the-art utilities, infrastructure and facilities
  • Business development and facilitation infrastructure (innovation centre, business incubators, factory shells)
  • Competitive lease rental rates for land and factory shells
  • Low-cost electrical energy and on-site natural gas
  • Access to a cadre of skilled/semi-skilled workers