Source-cited draft: company formation & entity choice for Trinidad and Tobago (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Governing law
Companies Act (Chap. 81:01)Companies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Common entity types
Private and public company limited by shares; company limited by guarantee (non-profit); unlimited company; external (branch of foreign) company; sole trader and partnership (registered business names)Companies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Liability of members
For a company limited by shares, members' liability is limited to amounts unpaid on their sharesCompanies Act (Chap. 81:01) — https://legalaffairs.gov.tt/faqs.php
Minimum share capital
No statutory minimum share capital; shares have no par value under the Companies Act ((approx — confirm))Companies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Minimum directors
At least one director (at least two for a public company); at least one director must be ordinarily resident in Trinidad and Tobago ((approx — confirm residency requirement))Companies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Name reservation fee
TTD 25, name held for 90 daysCompanies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Incorporation filing fee (profit company)
TTD 520Companies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Core incorporation steps
Reserve company name, file Articles of Incorporation, Notice of Directors, Notice of Registered Office and Secretary, then obtain the Certificate of IncorporationCompanies Act (Chap. 81:01) — https://legalaffairs.gov.tt/incorpcompany.php
Typical incorporation timeline
Approximately 3 to 6 weeks depending on documentation and approvals ((approx — confirm))Companies Registry — https://www.usemultiplier.com/trinidad-and-tobago/company-registration
Tax registration after incorporation
Obtain a BIR (Board of Inland Revenue) file number; register for PAYE, NIS, and VAT (where the threshold is met)Income Tax Act (Chap. 75:01) — https://www.ird.gov.tt/
Annual return filing
Every company must file an Annual Return with the Companies Registry each yearCompanies Act (Chap. 81:01) — https://legalaffairs.gov.tt/faqs.php
Annual tax compliance
File corporation tax return by 30 April, pay quarterly instalments, and account for Green Fund Levy and Business Levy as applicableCorporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/tax-administration
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