Funding
Manufacturing
Ongoing
Small Company Status Incentive
Ministry of Trade and Industry
Corporation Tax exemption for approved manufacturing small companies, including agro-processing companies, for up to six consecutive years commencing 2023-01-01. Certificates are issued for two years and may be renewed, subject to continued eligibility.
Eligibility
- Must be a manufacturing company, including an agro-processing entity
- Must be locally owned and controlled as defined in section 16(9) of the Corporation Tax Act, Chapter 75:02
- Machinery, equipment and working capital must not exceed TTD 1,500,000 in value
- If incorporated on or after 1988-01-08, must not result from splitting or reconstructing an existing company
- Must not have another company as a direct or indirect shareholder
- Must maintain accounts audited by members of the Institute of Chartered Accountants of Trinidad and Tobago
- Must have the potential to create permanent jobs
- Must have at least five permanent employees
- Must make optimum use of locally produced raw materials
Official sources
Opportunity details can change. Always confirm eligibility, deadlines, and application requirements with the official provider before applying.