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.