Employer Of Record in Trinidad and Tobago

We make it easy and painless to expand your business into Trinidad and Tobago. Forget about dealing with local regulations, confusing tax laws and international payroll management. We take care of all that so you don't have to.

Accelerate your growth into Trinidad and Tobago Compliantly and hassle-free

At Serviap Global we handle all employee onboarding, payroll, compliance, risk, mitigation and benefits, so you can focus on what matters most – your business.

How we can help you expand in Trinidad and Tobago

As your EOR in Trinidad and Tobago we’d help you expand by hiring employees and running their payroll without establishing a local branch office or subsidiary. 

Your candidate is hired by a PEO in Trinidad and Tobago provider in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. Shortly after, your new employee will be working for you, just like any other member of your team. 

Expand to Trinidad and Tobago with Serviap Global

Through our PEO and EOR services, you can hire qualified talent in your industry without the trouble of opening your own legal entity. 

In just a few days, you can easily and safely build a presence in Trinidad and Tobago being sure that your staff will be hired in compliance with labor and tax regulations

Table of Contents

Quick Facts

Currency:
Trinidad and Tobago Dollar (TTD)

Capital:
Port of Spain

Payroll Cycle:
Monthly

Language:
English

Trinidad and Tobago is a country made up of two main islands and other smaller islands. It is located north of Venezuela, with an ocean boundary connected to Grenada and Barbados, and it is part of the West Indies. Its official name is the Republic of Trinidad and Tobago. Trinidad and Tobago obtained independence in 1962 and became a republic in 1976. The country is rich in petroleum and gas and has developed a strong industrial economy. The nation’s currency is the Trinidad and Tobago Dollar (TTD). About 38 thousand people visit Trinidad and Tobago every year, and to get around people use mainly buses operated by the Public Transport Service Corporation. The major cities are Chaguanas, Mon Repos, San Fernando, and Port of Spain.

The Economy

The Republic of Trinidad and Tobago relies heavily on its energy resources, particularly petroleum and gas, which account for 80% of its exports. Other main industries are chemicals, food processing, cement, and beverages. The country’s main export partners are the United States, Jamaica, and France. Its natural resources have placed the country as one of the strongest economies in the Caribbean and it continues to attract international investors.

Small and Medium Businesses

Small and medium businesses make up about 45% of Nicaragua’s GDP and they account for 74% of jobs. The country has improved its investment climate by reducing the time needed to get a business license or construction permits. There are also improvements in access to patents and trademarks. The United States has provided grants to the food agribusiness, clothing textiles, leather goods, wooden furniture, and artisan products. The Nicaraguan Ministry of Labor has trained many small and medium businesses on worker health and safety to reduce turnover and absenteeism. SMEs should continue to provide growth for the country.

Starting a Business

Any person from any nationality may start a business in Trinidad and Tobago. An investor will have the choice of creating a Limited Liability Company, a Partnership, or a Sole Proprietorship. To register a business, the investor will need to complete online registration using a Single Electronic Window portal. The fee to register a business name is TT$25.00 and the fees to register legal status of the business is TT$220.00. The business becomes legal once it has received the Certificate of Business Registration. This is the third wealthiest area in the Caribbean, and is recognized as a high-income economy. This is due to the large reserves of oil and natural gas. With a high growth rate, this is a good place to start a business, especially in liquefied natural gas and petrochemicals, aluminum and plastics. It also supplies a wealth of food and beverages, and cement.

Payroll

Payroll CyclePay is made monthly
Minimum WagePay is received bimonthly, otherwise employees in manual work are paid weekly.
TTD$ 17.5
    WagesThe standard working week is 48 hours and overtime pay is 100% of the regular salary. There is a maximum of 9 hours a week, and 3 hours a day. If employees work on a rest day, they receive above 100%. Pregnant employees cannot perform night time work.
The median salary3.994 euros per month
OvertimeOvertime work is paid at a rate of 150% for the first four hours and then bumps to 200%
Leaves of Absence
Employees have the right to paid absences for the following things:Paid time off, and sick days vary depending on the industry. There are 14 weeks for paid maternity leave, which can be extended, and there are no stipulations for paternity leave

Tax advantages

The country of Trinidad and Tobago offers foreign tax credits to avoid double taxation. Registered foreign companies also benefit from a tax holiday which lasts up to 10 years. The exemption may be total or partial. Profits may be shared tax free and net losses can be carried forward for 5 years for set offs. The Tourism Development Act 2000 allows for approved tourism development projects, like hotels and resorts, to benefit from a tax holiday for 7 years. A Free Zone allows certain companies, like manufacturing, to be tax free. Promotional expenses for services and produced goods are tax deductible as an expense at 150% and companies grating scholarships can deduct the amount. There is a 150% allowance for audiovisual expenses and if a company chooses to set up a child care facility for a maximum of TTD$ 500,000. There is a 150% deduction for wear and tear of equipment and machinery and a company can claim a deduction of 150% for training employees. All of this ensures that businesses can remain running, and give their employees good benefits.

Business Culture

The country has a long history of trade with global partners, and it enjoys a high living standard.
  • Be Kind
People from both islands are kind and thoughtful. People have a high regard for the clergy and for the elderly, and they are known for their ability to get along.
  • The Difference
Trinidad considers itself a modern metropolitan island, while Tobago is usually considered more laidback.
  • English Speaking
The language of business is English, but many professionals speak versions of Creole based on French, Spanish, Hindu, and Chinese languages
  • Make Friends
Relationships matter more than memberships in companies, so it is important to spend time getting to know each other.

Food Culture

People eat a lot of seafood, a variety of fruits, and leafy vegetables. It is a land where many cultures have crossed, and it shows in the variety of dishes. People like to make dumplings such as the Aloo pie, which is a soft fried pastry filled with vegetables. But Indian desserts and sweets are popular. On the street, people can readily find gyros, kebabs and wontons. Ice-cream is also a local favorite and is often made with coconut milk and condensed milk.

Population

Trinidadians and Tobagonians have diverse ethnic roots coming from India, Africa, Europe, and Asia. Most people are of Indian (35%) or African (34%) descent. The religious landscape is varied. They value family relationships and will typically leave close to extended family. The majority of people consider themselves Christians, but there are also many Hindus and Muslims. They also love music and invented the now famous calypso drum.

Geography

The country is an archipelagic republic in the southern Caribbean, northeast of Venezuela. It enjoys a tropical climate with dry and wet seasons. The southern part of Trinidad island is rich in oil and has the world’s biggest asphalt deposit on the southwest side of the island, which is called Pitch Lake. Tobago is a much smaller island that is known for its amazing coral reef called the Buccoo Coral Reef. This reef is popular with divers.
  • Chaguanas
This is the biggest city in terms of population and is located in Trinidad and has nearby sugar, cocoa and coconut estates. It is the fastest growing city in the country. Its economy is based around retail with a lot of malls but is also the home to the banking headquarters.
  • San Fernando
The second most populated city is located along the southwest coast of Trinidad, and it grew mostly due to surrounding sugar plantations but cacao and petroleum led to further growth. Today the economy relies on that petroleum, therefore, this city is known as the industrial capital.
  • Port-Of-Spain
This city is the capital of Trinidad and Tobago and the economy is based on public administration, as well as shopping centers and commercial businesses. It became the capital in 1757 and grew due to the increase in commercial activity.

General Highlights

Year2022
CountryTrinidad and Tobago
CapitalPort-Of-Spain
  Num. States / ProvinceThere are 9 regions Couva/Tabaquite/Talparo, Diego Martin, Mayaro/Rio Claro, Penal/Debe, Princes Town, Sangre Grande, San Juan/ Laventille, Siparia, Tunapuna/Piarco.
LanguageEnglish
Local CurrencyTrinidad and Tobago dollar
Major ReligionChristianity
Date Formatdd/mm/yyyy
Thousands Separator Format999,999,999,99
Country Dial Code+868
Time ZoneGMT-4
Population1.399m
Border CountriesIsland in the Caribbean Sea, close to Venezuela
Continental surface1,980 mi²
Fiscal YearOctober 1st – September 30th
VAT %12.5%
Minimum Wage$17.50/hour
Taxpayer Identification Number Name in the countryNuméro National (NN)
Current PresidentPaula-Mae Weekes
What you need to know about employing personal in Trinidad and Tobago:

Laws and Agencies that regulate labor relationships

Trinidad and Tobago are part of the International Labor Organization, and these laws govern how employment is handled. However, there is flexibility between the employer and the employee.
LawsBrief Description
Constitution of the Republic of Trinidad and TobagoThis constitution was published in 1976
    Organization membership –ACP, AOSIS, C, Caricom, CDB, CELAC, EITI (compliant country), FAO, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC (NGOs), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), LAES, MIGA, NAM, OAS, OPANAL, OPCW, Pacific Alliance (observer), Paris Club (associate), UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO
National Insurance Board (NIBTT) and Board of Inland Revenue (BIR)Every employee that is hired needs to be reported to the NIBTT within the first 7 days. And also the BIR
    Social Security1934 (public-sector mandatory occupational pension), 1939 (old-age social pension), 1951 (social assistance), and 1971 (social insurance). Social Security does not always cover a self-employed person or certain employees of international organizations. An employer pays 2/3 of 13.2% of weekly or monthly reference payroll, based on 16 wage classes

Key Tax and Labor Authorities

Trinidad and Tobago Revenue Authority (TTRA)Collects government revenue
Ministry of FinancePrincipal tax collecting agency
Inland Revenue DivisionPrincipal tax collecting agency
  The Industrial Stabilisation ActDuring the 1950s to early 60s, there were an increasing amount of strikes and instability in the economy due to labor disputes. The government put the Industrial Stabalisation Act in place, which introduced the concept of compulsory arbitration and the Industrial Court

Labors Contracts

Several Contracts Can be Agreed Upon•          Permanent contract •          Part-time contract •          Fixed-term contract •          Agency contract •          Contractor agreement •          Casual contract.
Verbal vs Written ContractsContracts in Trinidad and Tobago can be verbally or explicitly expressed.
Compensation LawsAn employer must provide an employer a written payslip, which contains information about earnings, tax deductions and NIS numbers.
Collective Bargaining AgreementsCollective bargaining agreements happen between companies and the recognized majority union. And the employee and employer can also bargain collectively. The Industrial Relations Act regulates the process of this bargaining.
Work HoursPeople work 8 hours a day, five days a week, or 40 hours a week.
Annual Taxable Income The personal income tax rate in Trinidad and Tobago is 25%. It is imposed on different sources of income, like labor, pensions, dividends and interest. This source of income is important to the government. Those who are a resident, or domiciled, are taxed based on their worldwide income. However, a non-resident is taxed on income only from Trinidad and Tobago, except where applicable double taxation treaties apply. Corporate Tax Rates The standard corporation tax rate is 30%, but different types of corporations have different levels of taxation.
Corporation TypeTax Rate %
Ordinary Companies30
Petrochemical Companies/ banks35
Life Insurance Companies0/15/25/30
Petroleum Production Companies50
Petroleum Production Companies (deep sea)35

Public Holidays

The Labor Code provides for public holidays that are observed in Trinidad and Tobago:
DateHoliday Name
1 JanuaryNew Year’s Day
30 MarchSpiritual Baptist/Shouter Liberation Day
15 April, Friday before EasterGood Friday
18 April, Monday after Good FridayEaster Monday
2-3 MayEid al-Fitr
30 MayIndian Arrival Day
16 JuneFeast of Corpus Christi
20 JuneLabour Day
1 AugEmancipation Day (of Trinidad and Tobago)
31 AugIndependence Day
24 SepTrinidad and Tobago Republic Day
24 OctDiwali
25 DecemberChristmas Day
26 DecemberBoxing Day

Termination 

There must be grounds for dismissal when letting an employee go in Trinidad and Tobago, with an open ended contract.
Type of TerminationBrief Description
Justified DismissalThere must be a valid reason to let an employee go. Therefore, the employer must investigate any misconduct. If the employee has broken any policies, then they must be told so and given the opportunity to respond. The employee must always be warned that their job is in jeopardy and given fair trial. However, if there is gross misconduct, the employer does not need to give notice.
Unjust DismissalWhen an employee alleges unjust dismissal, he or she may seek union representation, and if there is no settlement, it can be taken to Industrial Court. There they could argue for reinstatement or re-employment, compensation or damages, which include exemplary damages in lieu of reinstatement. There is no law the court is bound to follow. They will base their decision on an opinion of fairness.
Other forms of compensation upon termination include: Severance pay is officially only given to employees terminated due to redundancy, or ‘retrenched’. Some em- ployees may still give payment other than in cases of redundancy, however, it is rare when the employee is terminated for cause. Terminated employees are owed their accrued benefits.

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