Start Seizing Business Opportunities Quickly!

Your business name is searched, reserved and registered instantly after being approved. Your documents would arrive in 3-5 working days.

We'll Guide You Through The Process

The MyBiz App asks you a few easy questions and automatically fills out the Minitry of Legal Affair's forms. You always have full control, and would be asked to verify the forms before submitting them.

From The Comfort Of Your Home

As a highly productive person, you don't have any time to waste running unnecessary errands. Complete the Entire Process Online and you'll never have to stand in line!

Strictly Confidential

Your information is safe with us. Your Items are securely delivered directly to your doorstep in a sealed, confidential package. All your details are kept strictly confidential and legally bound by our Privacy Policy.

The Entire Registration Process Can Be Done Online

When you Register a Business in Trinidad & Tobago Online, everything would be securely delivered directly to you.

Your Business Name is reserved for you instantly after being approved; documents are delivered to you in 3-5 working days.

We Guide You Through The Entire Process

  1. Click the Register A Business button.
  2. Answer a few basic questions (Name, Address, Name of Business, Owner / Partners / Directors details etc.)
  3. Indicate the type of Business structure that you'd like to start: Sole Trader, Partnership, Limited Liability Company.
  4. Your name search form is automatically generated and used to search a list of companies in Trinidad and Tobago at the Ministry of Legal Affairs - Companies Registry.
  5. The business registration form, registration form for partnerships or company registration form is automatically filled out using the information that you entered.
  6. After Checkout, your Business Name would be reserved and registration form submitted.
  7. All this is done within 24 hours (1 business day) of completing the Online Registration process.
  8. Your documents, including your Certificate of Registration, are delivered to you.

People Who Love MyBiz

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Sole Trader Business example

Rondell DookieRLHN Imports

I feeling good. we should have more online services like this in Trinidad especially for working people who don't have time to run around

Business Registration -
Common Questions & Answers

Although they are often used interchangably, technically, a "Business" is used to refer to a Sole Trader, whereas "Company" refers to Limited Liability.

Why do I need to Register my Business?

Here are some reasons why you should register your business:

  1. It is a legal requirement by the Government of Trinidad & Tobago.
  2. You'll be able to declare tax-deductible business expenses.
  3. Being unregistered prohibits you from growing, since you'll have to avoid being noticed by the Government.
  4. Banks only allow registered businesses to open an account, which you would need in order to accept cheque and linx transactions.
  5. Unregistered businesses cannot do business with legitimate businesses.
  6. Only registered businesses can bid on government tenders.
  7. If unregistered, another person can register the name that you operate under and prohibit you from doing further business under that name.
  8. If you Trade under a business name that even resembles one that has been registered, expect a "cease and desist" letter from their lawyer.

Can a non-citizen register a business in Trinidad and Tobago?

Yes, a non-national may register a Company in Trinidad & Tobago, however, the total amount of shares that all foreign shareholders can control is 40%.
There are a few more considerations that our Online Business Registration process takes into account, such as the nationality of the directors, and if the Company wishes to operate as an External Company (see below for definition) etc.

What is an External Company?

An External Company (also referred to as a Foreign Company) is one that was incorporated outside of Trinidad & Tobago but is allowed to conduct business within Trinidad & Tobago. Non-nationals can also Incorporate a Limited Liability Company that does not operate as a External one.

How To Register A Business in Trinidad?

The Online Business Registration process is very fast and simple:

  1. Click the green "Register Your Business" button below to get started.
  2. Answer a few simple questions (such as the proposed name of the business and owner/owners).
  3. Next, select a "Business Type" and enter a few more details about your proposed Business.
  4. Then, review, adjust and approve the generated forms.
  5. Checkout.
  6. Check your email for updates & account information, we'll notify you when your registration certificate have been mailed.
Register Your Business

What is a Sole Trader Business?

A Sole Trader business is one that is owned by a single individual, and where the business owner is personally responsible for all debts incurred by the business. Basically, the individual is the business. Many professionals choose to register as a Sole Trader because it is the easiest to manage;. In the United States, a Sole Trader business structure is commonly referred to as Sole Proprietorship.

Some Advantages of a Sole Trader business are:

  • Greater flexibility of Management
  • Fewer legal controls
  • Fewer taxes
  • Easy to manage
  • Fast decision making

A Sole Trader pays his / her usual taxes - Income Tax, Health Surcharge. If hiring employees, a Sole Trader must also apply for a PAYE number.

What is a Limited Liability Company (LTD)?

A Limited Liability Company is one that offers protection to its owners, commonly referred to as directors, and is incorporated by multiple individuals. The company becomes a legal entity by itself and therefore pays its own taxes seperately from its directors. Being a legal entity also means that its directors cannot be held personally responsible for the company's debts or liabilities. Think of the Company as its own person.
Limited Liability company names are given the "Ltd" suffix in Trinidad & Tobago. In the United States, the suffix is LLC.

A Breakdown of the phrase: "Limited Liability Company"

WordMeaning
LimitedA Restriction on something.
LiabilityLegal Obligations.
CompanyA business.
Therefore, a Limited Liability Company is a business that restricts liabilities.

Some Advantages of a Limited Liability Company are:

  • Significantly more potential for Growth
  • Personal Asset & Liability Protection i.e. You are not personally held liable for issues with the Company's undertakings
  • A more respected entity, especially among other Businesses, the Government and Banks
  • More tax breaks

What is the difference between a Sole Trader and a Limited Liability Company?

Sole Trader Limited Liability
Sole TraderLimited Liability
Single ownerMultiple owners/directors
One owner makes all the decisionsMultiple directors share the responsibilities of decision making.
Individual owns 100% of the business and keeps all of the profitsProfits are shared amongst all the directors; although profits are usually kept in the Business' account, and the directors draw a salary.
The owner is the Business; they are considered the same entityThe Company is considered to be a seperate entity from the individuals that own it.
A Sole Trader company ceases to exist when the owner dies, retires or unregisters the business.A Limited Liability Company can go on indefinitely and has an operating agreement that makes provisions for continuing the company in the event of an owner's death, resignation or retirement.
The owner's personal assets are the business' assetsThe owners' personal assets are protected. The Company has its own assets.
No Name SuffixCompany name has an "Ltd" or "Limited" suffix

What Type of Business Should I Choose?

That depends on your vision. If you're a self-employed professional who's looking for a quick & simple start, then Sole Trader may be your best option.
If you have co-owners / directors in mind that would like to join your business venture; or you plan to own an establishment with employees, then Limited Liability is more conducive to your goals.

Can I Convert a Sole-Trader Business to a Limited Liability?

Yes. The process involves de-registering the Sole-Trader, while simultaneously applying for a Limited Liability with the same name.

What do I need in order to register a Business in Trinidad & Tobago?

The requirements for registering a Sole Trader Business are:

  • A Valid form of ID - Our Online Business Registration process allows you to pair your mobile phone and snap a picture of your ID; alternatively you can scan your IDs with a scanner if you have one, then upload the image.

The requirements for registering a Limited Liability Company are:

  • A BIR # for each director
  • A Valid form of ID for each director - Our Online Business Registration process allows you to upload a picture of your IDs.

How long does the Online Registration take?

Our Online business registration process can take roughly around 5 minutes for Sole Traders and 10-15 minutes for Limited Liability Companies.

Cost of Registering a Business in Trinidad

The cost of registering a Business in Trinidad depends on the Business' Structure i.e. the type of Business that you wish to register (Limited Liability, NGO, Partnership, SoleTrader).

There are various costs associated with the Ministry's entire Business Registration Process.

  • Name Search / Reservation - $25 TTD
  • Business Registration (Sole Trader) - $220 TTD
  • Business Registration (Partnership) - $220 TTD
  • Notice of Address (Ltd) - $40 TTD
  • Notice of Directors (Ltd) - $40 TTD
  • Notice of Secretary (Ltd) - $40 TTD
  • Certificate of Incorporation (Ltd) - $40 TTD
  • Articles of Incorporation (Ltd) - $500 TTD
We've simplified the process by giving you the grand total of performing a complete Business or Company Registration.
Due to the nature of the documents, all Applications are securely hand delivered, therefore, please note that all prices include the cost of 3 Express Courier Deliveries.
PackageCost
Sole Trader (Minimum)$705 TTD
Sole Trader (FULL)$895 TTD
Partnership (Minimum)$745 TTD
Partnership (FULL)$945 TTD
Limited Liability (Minimum)$1965 TTD
Limited Liability (FULL)$2485 TTD

FULL packages also include a Business Stamp and BIR Registration (for Limited Liability Companies).

We Accept the following Payment Methods:

  • Online Payments using Credit Card
  • Bank Deposit / Transfer (to Republic Bank Limited)

What is the Ministry of Legal Affairs?

The Ministry of Legal Affairs, Registrar General Department is responsible for maintaining the Companies Registry in Trinidad & Tobago. Other responsibilities of the Minisitry of Legal Affairs include:

  • (IPO, Intellectual Property Office) Registration of Intellectual Property, Copyrights, Patents, Trademarks etc.
  • (Companies Registry) Registration of Newspapers
  • (Land Registry) Registration of Land Title Documents etc
  • (Civil Registry) Births - Registration of Births / Birth Certificates etc.
  • (Civil Registry) Marriages - Issue of Marriage Licenses etc.
  • (Civil Registry) Deaths - Registration of Deaths
  • Adoption, Muslim Divorce Certificates
  • Hospital Registry
  • District Registrars Listing / Office Locations

What is a Corporate Secretary?

Corporate Secretaries are the Company’s named representative on legal documents, and it is their responsibility to ensure that the company and its directors operate within the law.

Not to be confused with a regular Secretary (Administrative Assistant), the Corporate Secretary or Company Secretary is a senior official (male or female) on the board of a company. He / She is responsible for ensuring that the organisation complies with relevant legislation and regulation, and keeps board members informed of his / her legal responsibilities.

What is a Tax-deductible business expense?

A tax-deductible expense is one that you do not have to pay taxes on. Let's say for example you've made $100,000 dollars. Normally, you'll have to pay Income Tax on it. If you make a tax-deductible purchase of $20,000, then you'll only have to pay income tax on $80,000

We Love Helping You

Here are additional Business related services we offer that you'll find invaluable.

Annual Returns

File and submit your Annual Returns to the Ministry of Legal Affairs - Companies Registry Online.

Commercial Banking

Open a Commercial Bank Account or apply for a commerial financial service in one of our participating Banks.

VAT Registration

Reclaim your Value Added Tax expenses. Apply for a VAT Registration number for your Business.

NIB / NIS Registration

Hiring? You'll need to register your Business as an Employer and register your Employees.

Support

Got Questions? We're here to support you on your Business venture.

Articles

Learn things you never knew or thought to ask. Ckeck out our Informative Business related Articles.

Get In Touch

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Phone Number

(868) 373-1001

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