Congratulations on your decision to start your own Business in Trinidad and Tobago. If set up correctly, it'll become the best money-generating machine in your life; but it can be a nightmare of legal issues and penalties if done incorrectly.

The registration process has changed drastically. As a result, there is a much more significant focus on the accuracy of the paperwork and legal compliance.

The Companies Registry & MyBiz

The Ministry of Legal Affairs issues all certificates of registration. MyBiz is a private company that works alongside the Ministry of Legal Affairs to register businesses on behalf of the public. All documents are compliant and filed with the Company Registry so that the business is registered legally in the Republic of Trinidad & Tobago.

In summary, the steps to register a business in Trinidad and Tobago are:

  1. Decide on a Business Type - The type of business would indicate the legislative criteria that must be adhered to when naming your business. The criteria for naming a Sole Trader are different from those for naming a Partnership or Limited Liability Company.
  2. Name Reservation - Submit an available business name that meets the criteria outlined in the "Registration of Business Names Act" or "Companies Act" if incorporating a Limited Liability Company. Repeat if the name is rejected.
  3. Business Registration - Submit a registration application using the name that you reserved. The application must adhere to the legislation outlined by the "Registration of Business Names Act" or "Companies Act" if incorporating a Limited Liability Company. Repeat if the application is queried.
  4. Certificate Collection - Schedule an appointment to sign and collect the certificate. Reschedule & Repeat if necessary.
  5. Compliance - Throughout the process, you must remain compliant with the legislation. After incorporation, you must file post-incorporation documents. There are severe penalties for not being compliant.

But there is an Easier Way!

The Main Purpose of MyBiz

Due to the strict criteria and new system, many applicants are discouraged or unsuccessful in registering their businesses. The Ministry has also sent numerous letters to individuals who registered their business incorrectly. Also, Improper registrations incur penalties due to a lack of compliance.
Because of the numerous verification checks and impeccable understanding of the criteria and laws governing Business Registration, MyBiz became necessary to keep Businesses compliant and out of legal issues that arise from an inaccurate registration.

The Main Benefits of MyBiz are:

  1. Accurate Paperwork and a Legally Compliant Registration. As mentioned earlier, an improper registration would attract legal issues and penalties.
  2. MyBiz handles all the paperwork and errands while communicating with you via Email, WhatsApp & Phone. It's a straightforward online process, convenient, and total peace of mind.
  3. Excellent support and service. Even after your registration process is complete, we will always be available to you to ensure your business remains compliant.
  4. If your business name gets rejected by the Registrar General, you won't have to pay and repeat the process. Instead, we would adjust your Application with amendments under the advisement of our Application manager.
  5. Beyond Registration, MyBiz also enables you to open a commercial bank account and get customers after your business is registered.
  6. Extremely Responsive Communication. Throughout the process, you would speak to MyBiz representatives via WhatsApp, DMs, Email, and Phone.
  7. You may pick up your package at any time or have it delivered. You don't have to schedule an appointment and wait weeks to collect your certificate.
Use MyBiz To Register Your Business

Decide On A Business Type

First, decide on your Business' type: Sole Trader, Firm / Partnership, or Limited Liability Company.

Sole Trader - A Sole Trader is a business owned by a single person known as the proprietor. The owner is personally liable for any debts incurred when operating the business.

Firm / Partnership - A business that two or more persons own. You may also form a Partnership between persons and companies or other firms. Each partner is liable for any debts incurred by the firm.

Limited Liability Company - A Limited Liability Company, as the name suggests, limits the liability of its directors and shareholders. The company is a legal entity by itself and therefore protects its directors and shareholders from any debt and legal issues that arise against the company.

The Requirements

Sole Trader Requirements:

  • A valid (non-expired) form of ID
  • The individual must be over the age of 18
  • An address in Trinidad & Tobago where the Government can send mail. The individual may even reside outside T&T, but the business must have a local address.
  • Supplemental annex schedules, documents, paperwork, and qualifications may need to be attached, depending on the nature of the business.

Partnership Requirements:

  • At least two partners (a partner can be an individual, firm, or company)
  • A valid form of ID for each individual
  • Each individual must be over the age of 18
  • An address in Trinidad & Tobago where the Government can send mail. Partners may even reside outside T&T, but the business must have a local address.

Limited Liability Company Requirements:

  • At least two directors
  • A person to act as the incorporator (a director may also be the incorporator)
  • A person to serve as the Corporate Secretary (a director may also be the Corporate Secretary)
  • Each individual must be over the age of 18
  • An address in Trinidad & Tobago where the Government can send mail. Directors may even reside outside T&T, but the company must have a local address.

Reserving Your Business Name

Before being allowed to proceed with your registration, you must first get your name approved and reserved. Unfortunately, most people mistakenly think they can automatically get a business name if it's available. That couldn't be further from the truth, and the reason is mainly that the name doesn't meet the criteria and legislation outlined in the "Registration of Business Names Act."
Of course, cooperating with the MyBiz Application manager would solve this for you, making this part of the process a breeze. In addition, all MyBiz representatives fully understand the legislative criteria for naming and registering businesses, as they have repeatedly done so for thousands of applicants every month.

Register Your Business Through MyBiz

Business Registration

After the Companies Registry reserves the name you would like to register, the next immediate step is submitting the business registration since the name reservation expires after a couple of weeks.

The Registration of Business Names Act is currently a 34-page legal document that outlines the particulars for registering businesses and filing changes. It also outlines the penalties for inaccurate and misleading information.
In addition to the business registration form, the MyBiz Application Manager would attach various documents like an annexed schedule, qualifications, utility records, and other supplemental paperwork depending on the nature of the business.

The business registration documents must be "approved in principle" by the Ministry of Legal Affairs before the Applicant can sign them. MyBiz then prints the pre-approved forms and presents them to the proposed business owner for a signature.
The signed forms are then exchanged for the Certificate of Registration at the Ministry of Legal Affairs - Company Registry.

Company Incorporation

Like a Business Registration, after the Companies Registry reserves the name you would like to register, the next immediate step is submitting the company incorporation documents since the name reservation expires after a couple of weeks.

The "Companies Act" is the law that governs the incorporation of Companies and is currently a 627-page document. It outlines many compliance documents that one must declare after the company's incorporation. There are severe penalties and jail time for incorrect or lack of declarations.

The company incorporation documents must be "approved in principle" by the Ministry of Legal Affairs before the incorporator and director can sign them. MyBiz then prints the pre-approved articles of incorporation in duplicate and presents them to the director for a signature.
The signed articles are then exchanged for the Certificate of Incorporation at the Ministry of Legal Affairs - Company Registry.

Not filing the following post-incorporation documents would attract severe penalties:


A Corporate Secretary (not to be confused with an administrative secretary) must be appointed within 30 days of the company's incorporation.


The Beneficial Owners declaration is a collection of around four forms, forms 40, 42, 45, and 46.
They're designed to ensure transparency concerning the beneficial ownership of companies incorporated under the Companies Act Ch. 81:01, i.e., its shareholders.

Let MyBiz Handle Your Registration

A Few Happy MyBiz Customers

A picture is worth a thousand words.

Even behind the mask you can see the smiles :-)


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"

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
Registering your Business using MyBiz costs less than manually registering yourself.
See The True Cost of Registering A Business in Trinidad in the Business Blog

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 a Courier Delivery.
Sole Trader (Minimum)$750 TTD
Sole Trader (FULL)$895 TTD
Partnership (Minimum)$795 TTD
Partnership (FULL)$995 TTD
Limited Liability (Minimum)$1900 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

Register Your Business

Get In Touch

If you have any questions, feel free to contact us.

Phone Number

(868) 465-4BIZ (4249)

Or Send A Message Using The Form

We are Located at:
Level 2, Invaders Bay Tower,
Invaders Bay off Audrey Jeffers Highway
Port of Spain