Industry: Industry Region: Trinidad and Tobago Transaction Price: Not Disclosed Transaction Method: Equity Investment
Description: Trinidad and Tobago (referred to as Trinidad and Tobago) is located in the southeast of the Caribbean region, consisting of two islands, Trinidad and Tobago, with an area of 5,128 square kilometers and a population of 1.3 million. In 2002, the per capita GDP exceeded 7100 US dollars, the economy is relatively developed, the industrial categories are relatively complete, the most important of which is the energy industry based on oil and gas exploitation and smelting, petroleum, liquefied natural gas, methanol, ammonia, iron and steel and natural asphalt as its main export products, imported products mainly machinery, chemical products and food. In addition, the business of Taiduo is also relatively developed, known as the "business capital of the Caribbean", and the Caribbean branches of many famous large multinational companies in the world are also located in Taiduo, such as Nestle; The transportation facilities are perfect, air and sea routes are well connected, the island's roads and other infrastructure are relatively perfect, and the cost of inputs such as water and electricity is the lowest in the region.
Details: The Lisa Ras Industrial Port Processing Zone is located in the central island of Trinidad, which is the largest export processing zone in Trinidad, with a deep-water port with sound facilities, a global communication station, natural gas supplied by pipelines and an integrated service building, which can provide complete supporting services for export processing enterprises.
infrastructure
Compared with neighboring countries, most infrastructure is more developed, and the hardware conditions for investment are better, such as:
1. Superior geographical location, convenient and fast access to the international market.
Located just 7 miles from the South American continent, Tedo is well served by regular flights and liners to major regions and markets around the world. It can also provide manufacturers, assemblers, traders with international standards, as well as a variety of supporting services, with priority access to the North and South America, Europe and the Caribbean market.
2. Perfect aviation services
BWIA (West India Airlines) is headquartered in Tedo, and Piaco International Airport is the most modern airport in the South Caribbean and North Latin America. BWIA and several other airlines offer flights from Piaco Airport to all parts of the world.
Enterprises in the Limited-Duo Free Zone or applying for the Free Zone treatment can enjoy a variety of preferential treatment, mainly including:
--Capital goods, spare parts, raw materials, etc. used in plant construction and decoration required for approved projects or business activities are exempted from customs duties;
--No need to apply for import and export licenses;
- exemption from land and building taxes;
--Free work permits;
--No property ownership restrictions;
- Enterprises in approved free zones are exempt from income tax, corporate tax and tax on repatriation of sales income or profits;
--VAT exemption on goods supplied to enterprises in free zones;
- No foreign exchange restrictions, no capital gains tax;
--Provide high-quality labor resources;
--Customs procedures are fast and efficient.
Approval criteria
1. The production of oil, natural gas, primary chemical products or production activities with oil, natural gas and chemical products as the main input (even if used as fuel), and investment activities with an investment amount of more than 50 million US dollars are not within the scope of free zone business.
2. Free zone projects should meet the following conditions:
--Export of goods or services
• Job creation
• Injecting new investment
--Improve employee skills
--Enter foreign markets
3. The free zone project must be conducive to export, but the company of the free zone may authorize the free zone enterprise to sell goods not exceeding 20% of its total export value to the territory of the free zone after completing all normal import procedures and paying the relevant taxes.
4. The free zone enterprise must be a company registered and operated in the free zone, and its business activities in the free zone must be its sole business activity in the free zone.
Although the economic and trade relations between China and the special number of countries have developed relatively fast in recent years, the development is still unbalanced and the potential is still huge. It is hoped that domestic enterprises interested in overseas development will seriously study the various preferential conditions of the special free zone and explore the possibility of investing and setting up factories in the free zone. As long as it is prudent in decision-making, scientific management and accurate positioning, Chinese enterprises should be able to make a difference.