InvesTT

InvesTT
Agency overview
Formed	October 2012
Jurisdiction	Republic of Trinidad and Tobago
Headquarters	Level 19, Nicholas Tower, Independence Square, Port of Spain
Employees	~20 (2016)
Agency executive	Moonilal Lalchan, Chairman; Shyamal Chandradathsingh, Vice President, Investor Sourcing; Stacy Adams, Vice President, Investor Services;
Parent agency	The Ministry of Trade and Industry of Trinidad and Tobago
Website	investt.co.tt

Overview

InvesTT Trinidad and Tobago (also known as InvesTT) is an investment promotion agency of the Republic of Trinidad and Tobago^[1] founded in October 2012. The agency was formed when 13 separate agencies were combined to form a single one stop shop for investment promotion in Trinidad and Tobago.^[2] The agencies were combined to simplify foreign direct investment in the country.^[3]^[4]

Sectors of Focus

InvesTT is to lead in the economic transformation of the country through the stimulation of GDP growth in mandated non-oil and gas sectors. The InvesTT mandated sectors as identified by the Government of Trinidad and Tobago in their Development Framework are -

Agriculture and Agro-Processing
Fishing and Fish Processing
Aviation Services - Aircraft Maintenance and Repair
Creative Industries - Film, Music, Entertainment, Fashion and Design
Maritime - Shipbuilding, Ship Repair, Drydocking and Yachting
Software Design and Applications

Membership

InvesTT is a member of the following organizations

WAIPA^[5]
CAIPA - the Caribbean Association of Investment Promotion Agencies.^[6]

Multinationals in Trinidad and Tobago

The local business landscape in Trinidad and Tobago has seen the presence of multinational corporations operating in key sectors of the economy. Due to the country's oil and gas reserves and overall strong economic profile, many multinationals have set up operations, notably energy companies however there are several international banks and manufacturing entities located in the country as well. Key MNCs in the country include -

Awards

UNCTAD - Winner of UNCTAD’s Investment Promotion Award for Excellence in Promoting FDI for Sustainable Development 2014^[7]
Site Selection Magazine - Winner of Site Selection Magazine’s Best to Invest Top Agencies Award 2015 (Latin America and the Caribbean)^[8]

Services

InvesTT is the first point of contact for an investor, the agency promises to provide all the necessary and valuable information for the decision process for a specific industry or sector. Its task is also to provide potential investors current data and information on business climate, investment environment and investment opportunities in Trinidad and Tobago.

InvesTT provides the following services via their Investor Sourcing and Facilitation team:

Delivery of key sector information
Real Estate surveys
Market and investment opportunity identification
Value Chain advisory
Site visit facilitation
Aftercare services (including issue resolution, opportunity identification and policy advocacy)
Quality of life information^[9]^[10]

Overseas Offices

InvesTT Trinidad and Tobago, in partnership with the country's Embassies, High Commissions, Consulates and residing Trade Officers promote Foreign Direct Investment into Trinidad and Tobago.

There are missions in the following locations:^[11]