- business.services@omgurutt.com
- +1 (868) 742-7741
Organization Management Guru offers Business Registration Service for individuals and organizations looking to register a new business entity in Trinidad and Tobago. Our service includes guidance and assistance throughout the registration process, from choosing a suitable business name to obtaining relevant licenses and permits. We ensure that your business is properly registered with the Companies Registrar, the Board of Inland Revenue, and other relevant government agencies. Our experienced team of professionals provides expert advice and support to ensure that your business is compliant with all applicable laws and regulations. With our Business Registration Service, you can focus on building and growing your business while we take care of the registration process. Contact us today to learn more about our Business Registration Service in Trinidad and Tobago.
A sole trader business is a business that is owned and operated by one person. The owner is responsible for all aspects of the business, including its debts and liabilities.
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You can customize your Package simply add or remove anything you don't want
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A partnership business is a business that is owned and operated by two or more people. The partners share responsibilities and profits according to the terms of the partnership agreement.
Additional $50 Per Partner
You can customize your Package simply add or remove anything you don't want
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A Limited Liability Company (LTD) is a legal entity that provides limited liability to its owners, known as shareholders. This means that the shareholders' personal assets are protected in case the company incurs debts or liabilities.
Additional $50 Per Director
You can customize your Package simply add or remove anything you don't want
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Registering your business is a legal requirement in Trinidad & Tobago. It allows your business to operate legally and to apply for licenses, permits, and other forms of government support. Additionally, registering your business can help to protect your personal assets in case of legal disputes or financial difficulties.
Yes, non-citizens are allowed to register a business in Trinidad & Tobago. However, there may be additional requirements for non-citizens, such as obtaining a work permit or a business visa.
In Trinidad & Tobago, a business refers to any activity that is engaged in for the purpose of making a profit. A company, on the other hand, is a legal entity that is separate from its owners and can enter into contracts, sue and be sued in its own name.
A sole trader business is a business that is owned and operated by one person. The owner is responsible for all aspects of the business, including its debts and liabilities.
A partnership business is a business that is owned and operated by two or more people. The partners share responsibilities and profits according to the terms of the partnership agreement.
A Limited Liability Company (LTD) is a legal entity that provides limited liability to its owners, known as shareholders. This means that the shareholders' personal assets are protected in case the company incurs debts or liabilities.
A Sole trader is a business that is owned and operated by one person, while a Limited Liability Company (LTD) is a legal entity that provides limited liability to its owners.
The type of business you choose will depend on your goals, resources, and risk tolerance. It's important to consult a business advisor or attorney to determine which type of business is best for you.
Our business registration service helps entrepreneurs register their businesses in Trinidad & Tobago with the Ministry of Legal Affairs. We provide assistance with the application process, including document preparation and submission, and ensure that all legal and regulatory requirements are met. Our service also includes ongoing support and advice to help ensure that your business remains in compliance with all relevant laws and regulations.
Yes. Payment plans are available, contact (868)219-4282 to find out how this can be arranged.
Note: There are NO payment plans for CSEC, Computer Science and Foreign Languages (Kids Club) (Monthly Fees)
Payments can be facilitated via the following methods:
Online Bank Transfer
Credit Card – Wipay
Cash - Pay Using WiPay Vouchers
Cash – Local Bank Deposit
Direct on Website via Paypal
In Trinidad & Tobago, a business refers to any activity that is engaged in for the purpose of making a profit. A company, on the other hand, is a legal entity that is separate from its owners and can enter into contracts, sue and be sued in its own name.
The role of the secretary is to ensure that the directors follow proper procedures and fulfill their legal and statutory obligations. The secretary also assists in coordinating the activities of the directors, such as arranging and documenting meetings. Additionally, the secretary is responsible for maintaining the records of the company, including legal and statutory documents, board meeting minutes, and the company's seal for security purposes
It is recommended that every business should maintain a separate bank account. This practice is not only legally required to keep your personal and business funds separate but also has tax benefits.
Having a separate business bank account allows for better organization of your financial transactions, making it easy to track income and expenses. This also simplifies the process of compiling financial information during tax season.
Furthermore, maintaining a clear distinction between your personal and business finances enables you to evaluate the profitability of your business more accurately.
As a director of a limited company, you can withdraw money from the company in three ways:
According to legal requirements, your company must report the following changes:
Changes in directors: Any changes in directors' appointments, names, or addresses must be reported within thirty (30) days of the change by completing and filing the Notice of Directors/Notice of Change of Directors.
Changes in address: If your company's address changes, you must report it within thirty (30) days of the change by completing and filing the Notice of Address/Notice of Change of Address.
Changes in secretary: Any changes in the appointment, name, or address of the secretary must be reported within thirty (30) days of the change by completing and filing the Notice of Secretary/Notice of Change of Secretary
The type of business you choose will depend on your goals, resources, and risk tolerance. It's important to consult a business advisor or attorney to determine which type of business is best for you.
Records about the company such as:
Financial and accounting records:
BIR stands for Board of Inland Revenue and it is the tax authority in Trinidad and Tobago. All companies are legally obligated to register for a BIR file number to be used in payment of taxes and filing of returns.
Note: This number must be quoted on all correspondence to the Board of Inland Revenue.
The fiscal year or financial year for a company is determined by the company itself. Most companies use either the end of the calendar year (December 31) or the end of a quarter (March 31, June 30, or September 30) as their fiscal year end date
For a Sole Trader business in Trinidad and Tobago, the following taxes are required:
For a Partnership business in Trinidad and Tobago, the following taxes are required:
It's important to note that the tax requirements may vary depending on the specific circumstances of the business, so it's always best to consult with a qualified accountant or tax professional for advice.
Limited Liability Companies (LLCs) in Trinidad and Tobago are required to pay several types of taxes, including:
LLCs are also required to file annual tax returns and to keep accurate records of their financial transactions.
Taxes are payable quarterly during each year on the following dates, 31 March, 30 June, 30 September, and 31 December.
It is important for a company to file its annual return to provide an accurate reflection of its state of affairs i.e. officers, shareholdings and any indebtedness. This is required to be filed with the Companies Registrar. The Annual Return should be filed whether or not a company is trading.
VAT stands for Value Added Tax and it is a tax that is applied to both goods and services in Trinidad and Tobago. VAT-registered businesses must collect VAT from customers, submit VAT returns and pay any VAT that they owe to the Inland Revenue Division of the Ministry of Finance. Businesses that sell goods or services worth TT$500,000.00 or more in a twelve-month period must register for VAT. Individuals and businesses must also register if they forecast sales of TT$500,000.00 or more in a twelve-month period.