Last Updated: Tuesday 11th April, 2023
We encourage our clients to ensure their businesses are fully compliant under the laws of Trinidad and Tobago; this includes meeting company filing requirements at the Companies Registry and meeting tax requirements at the Board of Inland Revenue. Presently, there are amnesties at both the Companies Registry at the Ministry of the Attorney General and Legal Affairs and at the Board of Inland Revenue at the Ministry of Finance. These amnesties give businesses and individuals the chance to submit late filings without having to pay any accompanying late fees or penalties.
Any person who wishes to start and run a business in Trinidad and Tobago should have the business registered – especially if the business is going to be run using a name other than his or her own. So how do you register a business in T&T?
WHAT IS A PARTNERSHIP?
A partnership is a business structure that involves two or more persons going into business together with a view of making a profit.
WHAT IS A SOLE TRADER?
A sole trader is the simplest form of business structure - in which one individual runs and owns the entire business. This business structure is especially popular amongst those going into business on their own for the first time. It is relatively easy and inexpensive to register.
You’ve decided to register a company but you’re not exactly sure where to begin. What does having a company mean? Are there different types? Are there restrictions on the names the company can have?...
Here are 17 things you should know before registering a company in T&T:
WHAT ARE ANNUAL RETURNS?
Once you have successfully registered a company you are required to file annual returns at the Companies Registry every year. But what exactly are annual returns?
We've all noticed those "NO REFUND, NO EXCHANGE" signs in some stores in T&T. Or, we've seen it printed on the receipts we've received after we've made a purchase. But have you ever wondered if these policies are legal?