The Trinidad and Tobago Special Economic Zones Authority (SEZA) provides a clear regulatory framework to ensure compliance, operational efficiency, and sustainable business practices within Special Economic Zones (SEZs). These policies are designed to attract investment, streamline operations, and promote economic diversification while upholding the highest governance and environmental standards.
Licensing & Registration Requirements
All businesses operating within an SEZ must be licensed by SEZA under the Special Economic Zones Act, 2022. SEZA oversees the application and approval process for three types of licenses:
- Operator License – For entities responsible for developing and managing an SEZ.
- SEZ Enterprise Licence – For businesses conducting approved commercial activities within an SEZ.
- Single Zone Enterprise Licence – For businesses operating exclusively within a single SEZ while also managing its development.
- Applicants must submit detailed business plans, financial projections, and compliance documentation as part of the approval process.
Compliance & Reporting Obligations
SEZA requires all licensed entities to adhere to strict reporting and regulatory compliance measures. Businesses must:
- Submit periodic financial statements to ensure transparency and adherence to local and international accounting standards.
- Provide operational reports detailing business activities, workforce statistics, and investment performance.
- Demonstrate ongoing compliance with environmental, labor, and tax regulations.
SEZ Incentives & Benefits
SEZA facilitates an investment-friendly environment through targeted fiscal and non-fiscal incentives, including:
- Reduced Corporate Tax Rate – SEZ enterprises benefit from a 15% corporate tax rate.
- Customs & VAT Exemptions – Approved entities receive import duty exemptions on qualifying goods, raw materials, and capital equipment.
- Enhanced Capital Allowance – Businesses investing in machinery, technology, and infrastructure qualify for a 150% initial capital allowance.
- Property Tax Exemptions – SEZ businesses receive full exemptions from property tax.
Environmental & Social Responsibility Standards
SEZA mandates that all SEZ operators and enterprises follow Environmental, Social, and Governance (ESG) principles, ensuring that economic growth is sustainable and socially responsible. Businesses must:
- Implement eco-friendly operations to minimize their environmental footprint.
- Develop workforce training programs that enhance local employment opportunities.
- Adhere to ethical labor standards, ensuring fair wages and safe working conditions.
Dispute Resolution Mechanisms
To maintain a stable and investor-friendly business environment, SEZA provides clear guidelines for dispute resolution between:
- SEZ operators and enterprises.
- Investors and regulatory authorities.
- SEZ entities and government agencies.
Disputes may be resolved through formal mediation, arbitration, or regulatory intervention in accordance with SEZ regulations.
Get in Touch with SEZA
For detailed guidance on SEZ policies, licensing, and compliance, contact SEZA’s regulatory team:
- info@seza.gov.tt
- +1-868-226-5593
