Congratulations on your decision to register your Company in Trinidad and Tobago. The registration process has changed drastically, and as a result, there is a much more significant focus on the accuracy of the paperwork and legal compliance. This document contains the steps and information necessary to incorporate a company that adheres to the new laws governing Limited Liability Company Registrations so that you can avoid legal issues and penalties.

First, a little background on the genesis of these changes so that you understand the seriousness of your company registration.

On April 3rd, 2016, an international whistleblower leaked 11.5 million documents detailing financial and attorney-client information for 214,488 offshore entities.

These documents would forever change the world, as they revealed that entities laundered billions of dollars globally, having devastating, crippling effects on governments and the economy. We refer to these leaked documents as "the Panama Papers."

The inter-government policy-making body known as the "Financial Action Task Force" has mandated the participating governments of the world (including Trinidad & Tobago) to enforce legislation that effectively combats money laundering.

You have already begun seeing its effects. For example, remember the changing of the 100-dollar notes? It had little to do with counterfeit notes and was more about detecting company tax evasion. It was just a tiny part of all the changes yet to come. The scope of these changes is beyond any political party (UNC or PNM) and is part of an international mandate.

New Process

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

Steps to Register A Company

In summary, the steps to Incorporate a Company and make it compliant in Trinidad and Tobago are:

  1. Name Reservation - Submit 3 available company names that meet the criteria outlined in the Companies Act 81:01. You must repeat this step if the names were rejected.
  2. Company Incorporation - Submit a registration application using the name that you reserved. The application must adhere to the legislation outlined by the "Companies Act 81:01" and includes:
    1. Articles of Incorporation
    2. The Notice of Address
    3. The Notice of Directors
  3. Certificate Collection - Schedule an appointment to sign the forms and collect the certificate of incorporation. Reschedule & Repeat if necessary.
  4. Post Incorporation
    1. Notice of Secretary - Schedule an appointment to file the notice of secretary.
    2. Preparation of Form 40
    3. Preparation of Form 42
    4. Preparation of Form 45
    5. Preparation of Form 46
    6. Carry form 42 to get stamped by a Commissioner of Affidavits
    7. File forms 45 & 46 at the Ministry of Legal Affairs
  5. Company Stamp - A Compliant Company Stamp used to notarizing documents must follow specific criteria.
  6. Company By-Laws - Generic Company By-Laws
  7. BIR Registration - The Company must have its own BIR Number which is obtained from the Board of Inland Revenue.
  8. VAT Registration - The Company must become VAT registered if it earns $500,000 TTD per year or more.

  9. Ongoing 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.

There is an Easier Way!

Register Your Company Through MyBiz

MyBiz would complete your entire company incorporation and make your company compliant. All you have to do is sign.

The Main Purpose of MyBiz

MyBiz became necessary to keep companies compliant and out of the legal issues that arise from an inaccurate (or incomplete) incorporation.
Due to the strict criteria and new process, many applicants are discouraged or unsuccessful in registering their companies had it not been for MyBiz. The Ministry has also sent numerous letters to individuals who incorporated their companies incorrectly or incompletely. In addition to letters, the Office of the Attorney General and Ministry of Legal Affairs publishes warnings like the one below:

Non-compliant company incorporations incur severe penalties and even jail.

The Main Benefits of MyBiz are:

  1. Accurate 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 Company

The Requirements

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 Company 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 "COMPANIES ACT - CHAPTER 81:01."
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.

Company Incorporation

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.

Register Your Company Through MyBiz

Post Incorporation

Improper or 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

Successful Companies Use MyBiz

A picture is worth a thousand words.

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


Company 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 A Compliant Company

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