#1Trinidad and Tobago Virtual Investment Forum A Shortlist Location for Business Investment in the LatAm/Caribbean Region mti REPUBLIC OF TRINIDAD AND TOBAGO MINISTRY OF TRADE AND INDUSTRY investī TRINIDAD AND TOBAGO CARIBBEAN EXPORT DEVELOPMENT AGENCY EUROPEAN UNION#21111 invesTT TRINIDAD AND TOBAGO Investment Opportunities In Trinidad & Tobago#3Overview . • InvesTT ● ● • Trinidad & Tobago Overview Investment Opportunity Snapshots • Electricity Intensive Manufacturing, Logistics, Maritime Services, BPO Industrial Real Estate Opportunities . Phoenix Park Industrial Estate, Tamana InTech Park, Moruga Agro-processing & Light Manufacturing Park • Tourism Opportunities • Contact Us InvesTT Limited | 3#4InvesTT Is Your Facilitation Partner MORE S PRE-INVESTMENT Secure investment interest, Site Visits, RFIs, Project incentives, Assist in finding property, Value chain advisory OPERATIONAL Approvals & Applications, Liaise with government agencies, Policy advocacy POST INVESTMENT Aftercare. Resolve bottlenecks, Create business linkages, Identify new opportunities, Expansion approvals InvesTT Limited | 4#51&1 SPIRIT T&T Spirit' Overview of Trinidad & Tobago The Republic of Trinidad and Tobago is the southernmost country in the Caribbean archipelago and is known for its reserves of petroleum and natural gas. It is a robust, welcoming foreign investment destination that boasts economic stability, prime regional positioning, investor-friendly climate and policies, an efficient financial system and healthy economic indicators. It is considered a cosmopolitan hub and vibrant destination, full of artistic culture, diversity and rich historical roots. LO InvesTT Limited | 5#6Geographical Location CAPITAL PORT-OF-SPAIN L TIME ZONE GMT -4 J 2,604 km (1.618 miles) south-east of Miami; 11 km (6.8 miles) off the north- eastern coast of Venezuela. Tobago lies 34km (21 miles) off the north-eastern coast of Trinidad. AREA 5,131 km² LANGUAGE ENGLISH Located at the crossroads of many international shipping & flight lanes InvesTT Limited | CO#7Country Profile Population 1.4 MILLION POPULATION GROWTH 0.2% (2020) LABOUR FORCE 615,100 (Central Bank of Trinidad and Tobago, Dec 2019) LITERACY RATE 98.8% $ GDP (Current Prices) USD$ 21.53 BILLION (World Bank 2020, Current Prices) CURRENCY TTD EXCHANGE RATE US$ TT$ 6.7633 HEADLINE INFLATION 1.1% (Central Bank of Trinidad and Tobago, April 2021) InvesTT Limited | 7#8Market Reach - 997 Million KEY SECTORS OIL/GAS A MANUFACTURING TRADE AGREEMENTS • CARICOM Common Market CARICOM/ EU Economic Partnership Agreement • CARICOM / Cuba SERVICES LARGEST EXPORTS BY VALUE (2020): Natural Gas, Methanol, Ammonia, Petroleum Oils and Ferrous Products CARICOM/Venezuela CARICOM/Colombia CARICOM/Costa Rica Caribbean Basin Initiative CARICOM/Dominican Republic Trinidad and Tobago/Panama (Partial Scope Agreement) CaribCAN (Caribbean Canada) UK Cariforum Economic Partnership Agreement#9Hurricane Safety Mexico TX LA AIS AL Cayman Guatemala B Hon Salvador Nicaragua Costa RE Panama The Bahamas Don Republic Puerto V 17 and N Colombia Venezuela Storm/Hurricane Projected Path Potentially affected areas Anguila Leeward Islands Marin Martinque mdward Islands Trinidad & Tobago Most named storms and hurricanes progress north of the islands of Trinidad and Tobago which lie just within the southern fringes of the Atlantic Hurricane Belt. As a result there is a lower risk for these type of events than on neighbouring islands. Resident businesses therefore benefit from greater costs savings and fewer operational disruptions. Over the last century only 3 hurricanes have affected Trinidad and/or Tobago. InvesTT Limited | 9#10Top Reasons To Invest In T&T Over 450 global companies have chosen Trinidad and Tobago for new investment or expansion. $ 田 IDEAL LOCATION LOW BUSINESS COSTS HIGHLY SKILLED TALENT POOL WIDE RANGING MARKET ACCESS WORLD CLASS INFRASTRUCTURE ATTRACTIVE INCENTIVES InvesTT Limited | 10#11Investment Opportunity Snapshots VOICE CONTACT CENTRE SHIP LAYUP/OFFSHORE TRANSSHIPMENT LOGISTICS ELECTRICITY INTENSIVE MANUFACTURING#12AMADA Electricity Intensive Manufacturing Opportunities exist for manufacturing companies whose operations require ready accessibility to AN ABUNDANT AND DEPENDABLE SUPPLY OF LOW COST ENERGY. • • . Food, Beverage & Tobacco Product Manufacturing Pulp Manufacturing, Printing, and related support activities. Inorganic chemicals, organic chemicals (e.g., ethylene propylene), resins, and agricultural chemicals; includes chemical feedstock.#13Why T&T For Electricity Intensive Manufacturing • • . • LOW COST of utilities. Access to INTERNATIONAL MARKETS. STRATEGIC LOCATION - a gateway to Latin America, the United States and Canada. A specialized highly EDUCATED WORKFORCE. D e#14Comparative Regional Costs of Utilities Comparative Costs of Utilities (US$) Electricity (kWh) Water (Cubic Meter) Prepaid Mobile (2019 Monthly) Fixed Broadband (2019 Monthly) TRINIDAD AND TOBAGO 0.05 0.46 14.70 20.97 Barbados 0.20 3.09 26.61 42.50 Jamaica 0.24 2.60 4.42 26.67 El Salvador 0.14 0.08 11.10 25.00 Honduras 0.18 0.97 15.85 34.00 Costa Rica 0.20 2.06 5.00 17.16 Mexico 0.16 0.31-3.49 3.98 18.14 Panama 0.19 0.33 8.40 31.95 Guatemala 0.16 0.60 26.86 23.81 Colombia 0.15 0.51-0.88 7.13 21.62 Brazil 0.12 1.76-3.87 13.68 10.92 Dominican Republic Guyana 0.14 1.56 12.41 19.69 0.27 0.31 12.64 31.77 Source Source: www.globalpetrolprices.com 2020 gisbarbados.gov.bb/blog/new-water- tariffs/; tariffs.ib-net.org/; www.anda.gob.sv International Telecommunications Union: www.itu.int/net4/ITU-D/ipb/ International Telecommunications Union: https://www.itu.int/net4/ITU- D/ipb/ 14#15Logistics Opportunities exist for the establishment of BONDED WAREHOUSES and THIRD PARTY LOGISTICS HUB to provide integrated logistical solutions to local and regional markets. InvesTT Limited | 15#16Why T&T For Logistics Hub . • Access to INTERNATIONAL MARKETS. STRATEGIC LOCATION - a gateway to Latin America, the United States and Canada. • Developed PORT INFRASTRUCTURE. • 2nd most DEVELOPED ROAD NETWORK in the Caribbean. PROXIMITY TO PORT at Phoenix Park.#1742 Maritime - Ship Layup Trinidad and Tobago is among the world's top destinations. for ship storage and layups. • . Cold Layup opportunities exist for vessels up to five (5) years out of service. Warm Layup opportunities exist for vessels up to twelve (12) months out of service.#18Why T&T For Ship Layup • Large NATURALLY SHELTERED deep and calm HARBOUR. • HURRICANE SAFETY RECORD. T&T's has the lowest downtime impact of the hurricane season in the Caribbean. • • Developed maritime infrastructure as well as INDUSTRY SUPPORT MECHANISMS. ECONOMICALLY VIABLE solution (Example: Transocean) e#19Maritime – Offshore - Transshipment The opportunity exists for the set-up of a ship-to-ship transfer operation within a pre-designated location within the Gulf of Paria, Trinidad and Tobago.#20Why T&T For Offshore Transshipment • • • Large NATURALLY SHELTERED deep and calm HARBOUR. DEVELOPED MARITIME INFRASTRUCTURE as well as industry support mechanisms. HURRICANE SAFETY RECORD. T&T has the lowest downtime impact of the hurricane season in the Caribbean. A specialised workforce - well ESTABLISHED MARITIME SERVICE PROVIDERS and technical level training options.#210 Business Process Outsourcing Multiple opportunities exist to establish English driven Voice customer service and technical support operations to service existing clientele in the North American market.#22Why T&T For BPO • • • LOWER OPERATIONAL COSTS compared to Jamaica, Colombia, Guatemala and Costa Rica (utilities and labour). An UNSATURATED & TALENTED LABOUR POOL with comparable wages to other nearshore destinations. Advanced digital infrastructure allows for EASY TRANSITION TO Work-From-Home MODEL. • CULTURAL AFFINITY to the United States. • ENGLISH LANGUAGE FLUENCY and neutral accent. • 98.8% LITERACY RATE and developed education system.#23Advanced Digital Capacity Trinidad and Tobago - Jan 2021 ESSENTIAL HEADLINES FOR MOBILE INTERNET, AND SOCIAL MEDIA USE. TOTAL POPULATION MOBILE CONNECTIONS INTERNET USERS ACTIVE SOCIAL MEDIA USERS i 1.40 MILLION URBANISATION: 53.3% 1.91 MILLION vs. POPULATION: 136.0% we are. Social 1.08 MILLION vs. POPULATION: 77.3% K KEPHOS 940.0 THOUSAND vs. POPULATION: 67.1% InvesTT Limited | 23#24Industrial Real Estate Opportunities BUILT SPACES LAND LOTS#25e Teck's Phoenix Park Industrial Estate Located on 144 acres of land in Central Trinidad. The Park is 10 minutes away from the nearest international shipping port, the Port of Point Lisas, Phoenix Park is ideally suited for businesses operating in Manufacturing & Assembly, Logistics & Distribution and ICT industries.#26Park Features PORT OF PORT OF SPAIN PIARCO INTERNATIONAL AIRPORT • PORT OF POINT PHOENIX PARK LISAS • INDUSTRIAL ESTATE • • 2 LEASABLE LOTS for Commercial Activity 76 LAND LOTS for Light Industrial Activity 5 FACTORY SHELLS 50,000 sq. ft. per shell 5G networked Asphaltic concrete road network Underground electrical and telecommunication infrastructure leading to each of the lots • Natural gas supply (to approximately 41 lots) LED street lights Boundary high security fencing, a security surveillance system and controlled primary and security entry/exit InvesTT Limited | 26#27Site Map & Lease Rates - PPIE Emergency Ingress & Egress North-East Main Entrance MEROAD Carterer Administration Building South Entrance Phoenix Park Industrial Estate - FACTORY SHELLS First Mover Introductory Rates Year 1 - Rent FREE Year 2 US$0.50 per sq.ft, per month (TT$3.37) Years 3 & 4 - US$0.58 per sq.ft, per month (TT$3.91) Year 5 - US$0.63 per sq.ft, per month (TT$4.25) Year 6 US$0.65 per sq.ft, per month (TT$4.38) - LAND LOTS US$15,800 per acre per annum (TT$106,492) Additional Value added Tax and Common Maintenance charges will apply. InvesTT Limited | 27#28e Teck's Tamana Intech Park Tamana InTech Park offers leasable space for the set-up or expansion of businesses in the industries of Information Communications Technology (ICT), Software Development, Business Process Outsourcing, Animation, Data Processing, Manufacturing and Financial Services.#29Park Features PORT OF PORT OF SPAIN PORT OF POINT LISAS 11 LAND LOTS FLAGSHIP OFFICE COMPLEX Ranging in sizes up to 83,785 sq. m. 1,208 sq. m. of available floor space TAMANA INTECH PARK PIARCO INTERNATIONAL AIRPORT COST SAVINGS: Below market rates | Reduced setup costs and time SECURITY 24 hours Park security | Controlled entry and exit points ZERO DOWNTIME Dedicated onsite power sub-station | Natural gas supply | Full power backup PRODUCTIVITY AND GROWTH Allows for business expansion or consolidation goals | Access to specialized resources | Positive work environment STRATEGIC LOCATION A secure, non-metropolitan area to set-up operations away from city congestion | Conveniently located only 10 minutes from the Piarco International Airport | Approximately 45km from the capital city of Port of Spain READY ACCESS TO SKILLED RESOURCES Ready access to skilled graduates from UTT's onsite campus | Research and development linkages#30Site Map & Lease Rates - Tamana Tank Park Churchill-Recurve Highway Extension GREEN AREA Caripio Rd GREEN AREA GREEN AREA FLAGSHIP OFFICE SPACE US$12.66 per sq. m. monthly Monthly central area maintenance fee - US$3.16 per sq. m. ARKA 5. TATEC 1. GREEN AREA 21 7. 6.20 MORICHE PALM RESERVE 8. 2. 9. UTT & Knowledge Zone North Runway Rd 50.2H 3. Site Map Key 1. Flagship Office Complex 2. Land Lots (Cayman Road) 3. University of Trinidad & Tobago 4. Utilities Building 5. Electrical Sub-station 6. Land Lots (West Taxiway) 7. Alutech Structure 8. Moriche Palm Reserve 9. Wastewater Treatment LAND LOTS US$3.25 per sq. m. monthly Annual provisional charge - US$0.45 per sq. m. Early tenants receive a discounted rate of US$3.00 per sq. m. Premium for each land lot TT$17,300 per acre. InvesTT Limited | 30#31Mora Road Teak Crescent e Teck's Moruga Agro-processing & Light Manufacturing Park The e Teck Moruga Agro-processing & Light Manufacturing Park comprise 18.83 acres of state land, developed to facilitate the processing of agricultural products and supporting industrial activity.#32Park Features - Moruga 6 LAND LOTS Ranging in sizes up to 10,366 m2 5= FACTORY SHELLS Factory shells may be shared by more than one tenant. PORT OF PORT OF SPAIN PORT OF POINT LISAS PIARCO INTERNATIONAL AIRPORT MORUGA AGRO-PROCESSING & LIGHT INDUSTRIAL PARK ACCESSIBILITY All lots are accessible via an established road network UTILITIES Factory shells are outfitted with all major utilities, offices and washrooms facilities. INFRASTRUCTURE All lots have access to electricity, cabling, telephone, internet, water and wastewater treatment. SHOVEL READY Land lots are pre-cleared of heavy vegetation, leveled and offered with ready connections to all utilities. PARKING Each lot has allocated parking for 8 cars InvesTT Limited | 32#33HV 11 Site Map & Lease Rates - Moruga HV HV HV 10 9 SHOEL MAIN PYLON HV HV APORCE Wadewater Trecement PARK 8 ROAD 5 PYLON HV SECONDARY PARK ROAD 3 THESE 6 FACTORY SHELLS TT$1.75 per sq. ft. monthly 1 2 LAND LOTS TT$16,000 per annum/ per acre Premium for each land lot TT$17,300 per acre. InvesTT Limited | 33#347777 HOTEL DEVELOPMENT OPPORTUNITIES Greenfield and brownfield opportunities exist for the development of hotels and/or resorts in Trinidad and Tobago.#35Criche Rives TRINIDAD HOTEL/ RESORT OPPORTUNITIES MAYARO LAGON DOUX ESTATE: 3-4 star 150-300 room resort hotel on approximately 1km of direct beach frontage. • ORTOIRE ECO LODGE: • • 20-30 detached cottage eco lodge with potential for restaurant, nature trails, viewing deck and river tours. NEW MAYARO RESORT HOTEL: 60-80 room resort hotel on beach coastline. BEN DELORAINE NATURE RSERVE: Already with 6 cottages, with potential for 150-300 room hotel, ideal for nature seekers and eco-friendly guests. InvesTT Limited | 35#36TOBAGO HOTEL/ RESORT OPPORTUNITIES • ARNOS VALE ESTATE: 90 acre hillside property. • BLUE HAVEN HOTEL: • Boutique hotel situated on 7.5 acres of prime oceanfront site. KING PETER'S BAY & COTTON BAY: Development of 3 luxury resorts, 56 beach cottages, and 100 villas. SPEYSIDE ESTATE: 400 acres of undeveloped land in seaside village. BACOLET BAY: 134 acres of land offering scenic oceanfront views InvesTT Limited | 36#3730 www HI DA LA K DOWN rocure CUS Incentives $ NEMO MEN AM CUSLE ETTU N OL WYF WYFT TUTAM DE S US TUTAL AMEN#38The National Special Economic Zone (SEZ) Companies operating in a SEZ will have the benefit of the tax breaks and incentives outlined in the SEZ policy. It is anticipated that the legislation will be on stream in 2022. This legislation is currently before the Government of Trinidad and Tobago, with the intent: • TO MODERNIZE Trinidad and Tobago's economic/free zone regime; • TO INCREASE the economic and social impact of economic zones in Trinidad and Tobago; • TO ENHANCE the international appeal of Trinidad and Tobago's economic zone regime; and TO IMPROVE existing and ADVANCE new mechanisms and procedures to EFFECTIVELY develop and manage economic zones. InvesTT Limited | 38#39. • . • Tourism Incentives Tourism Development Act, Chap. 87:22 (TDA). CUSTOMS & EXCISE DUTIES for building materials and articles of tourism equipment. A TAX EXPEMTION not exceeding 7 years in respect of the gains or profits from an approved tourism project. A TAX EXPEMTION in respect of the gains or profits derived from the initial sale of a villa or condominium or the site for a villa or condominium that forms part of an IRD which is an approved tourism project. An ACCELERATED DEPRECIATION of depreciable equipment owned by the owner or operator and used in an approved tourism project. . • • A CAPITAL ALLOWANCE in respect of approved capital expenditure incurred by the owner or operator in the creation of a new tourism project or in the expansion of an existing tourism project. A CARRY-OVER from a tax exemption period, if any, of any loss arising out of the operation or renting of an approved tourism project. DUTY CONCESSIONS on motor vehicles - Payment of Customs duty at a rate of 10%, VAT (12.5%) and no Motor Vehicle Tax InvesTT Limited | 39#40Incentives - Industrial/Technology Fiscal Incentives Act. Corporation Tax Act. • Exemption from CUSTOMS DUTIES on the construction of an approved project. • • • Exemption from VALUE ADDED TAX. Exemption from INCOME TAX on dividends or other distribution, other than interest, out of profits or gains derived from the manufacture of the approved product during the tax holiday period. · • A tax allowance set at 150 percent up to $3 million will be provided to businesses that invest in tech start-ups and new tech businesses A tax allowance set at 150 percent up to $3 million will be provided to businesses that engage in technology solutions and digitalization A tax allowance set at 150 percent up to $3 million will be provided to businesses that create employment in the technology industry, particularly for young people. The Income Tax (In Aid of Industry) Act. Where a person carrying on a trade incurs capital expenditure on the provision of machinery or plant for the purposes of that trade, there shall be made to him, for the year of assessment in the basis period for which the expenditure is incurred, AN ALLOWANCE (in this Part referred to as "an initial allowance") EQUAL TO 90% OF THE EXPENDITURE INCURRED in the provision of machinery and plant for the purposes of that trade. The Customs Act. • Exemptions from Customs Duties on raw MATERIALS, MACHINERY and EQUIPMENT and in some cases PACKAGING MATERIAL based upon the provisions of the Third Schedule of the Customs Act, Chapter 78:01 (as amended). InvesTT Limited | 40#41Contact Us SEKOU ALLEYNE President PRAMILLA RAMDAHANI Vice President, Investments QUINCY FLORES Manager, Investments Thank you for your interest in doing business in Trinidad and Tobago. Please reach out to us with any follow-up questions that you may have. E-MAIL LINKEDIN [email protected] www.linkedin.com/in/investt InvesTT Limited | 41#42Trinidad and Tobago Virtual Investment Forum A Shortlist Location for Business Investment in the LatAm/Caribbean Region JOIN A PANEL DISCUSSION: mti REPUBLIC OF TRINIDAD AND TOBAGO MINISTRY OF TRADE AND INDUSTRY invesTT TRINIDAD AND TOBAGO CARIBBEAN EXPORT ESVELOPMENT AGUNCH 1. Select the 'Breakout Room' icon from the 2. Select the 'Discussion bottom panel on your Zoom Meeting window. Session 1: 9:10 am - 10:00am • Panel' you wish to join from the list of rooms provided. PANEL DISCUSSIONS: ⚫ Business Process Outsourcing: How Digital Transformation Is Shaping BPO Investment Decisions Manufacturing/Renewable Energy: Choosing the Right Nearshore Manufacturing Opportunities to Invest In • Creative Industries: Attractive Investment Opportunities in the Creative Industries 3 Click on the 'JOIN • button to enter the selected room. Session 2: 10:05 am - 11:00am • Fintech: The Fintech Opportunity in Trinidad and Tobago • Agro-processing/Technology: Agro-processing Opportunities in Trinidad and Tobago ⚫ Hotel Development: The Opportunity for Hotel Development in Trinidad and Tobago • Maritime & Logistics: Distribution Dynamics and the Related Logistics Opportunities In The Caribbean#43invesTT TRINIDAD AND TOBAGO www.investt.co.tt @investtrinidad InvesTT Trinidad & Tobago @investt InvesTT Trinidad & Tobago