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Incentives

Making Your Investment Work for You

Providing Incentives to Any Size Organisation

Cove Tobago welcomes local, regional and international investors with an array of investment incentives. Tenants of Cove Tobago benefit from investment incentives offered by E-IDCOT, The Tobago House of Assembly and the Government of the Republic of Trinidad and Tobago. 

Built Space Incentive
A waiver of lease payments is offered on the first six (6) months. This is not applicable to common services fees.

Land Space Incentive
A waiver of lease payments is offered on the first twelve (12) months. This is not applicable to common service fees.

Incentives for Land Based Tenancy at the Cove, Tobago

Special conditions for qualifying prospects will be based on the acreage to be accessed as outlined below.


Buccoo Anchor 

Offer to Prospective Land Based tenants at Cove, Tobago from E-IDCOT

  • Free access to 10 acres for a period of 5 years
  • Free Project Procurement and Management Services for 12 months
  • Free Business Support and Professional Services

Special Conditions:

In addition to satisfying the tenancy application requirements, prospective tenants that do qualify must commit to the following:

  • Shareholding in the operating Company by E-IDCOT of minimum 5%
  • Use of the Company’s Corporate brand in promoting the Cove and E-IDCOT
  • Commitment to minimum employment level of 80 for locals after 3 years 

Castara Prime

Offer to Prospective Land Based tenants at Cove, Tobago from E-IDCOT

  • Free access to 5 acres for a period of 5 years
  • Free Project Procurement and Management Services for 9 months
  • Free Business and Professional Support Services

Special Conditions:

In addition to satisfying the tenancy application requirements, prospective tenants that do qualify must commit to the following:  

  • Shareholding in the operating Company by E-IDCOT of minimum 10%
  • Use of the Company’s Corporate brand in promoting the Cove and E-IDCOT
  • Commitment to minimum employment level of 20 for locals after 3 years 

Cove Start-up

 Offer to Prospective Land Based tenants at Cove, Tobago from E-IDCOT

  • Free access to 1 acre for a period of 5 years
  • Free Business and Professional Support Services

Special Conditions:

In addition to satisfying the tenancy application requirements, prospective tenants that do qualify must commit to the following:  

  • Use of the Company’s Corporate brand in promoting the Cove and E-IDCOT
  • Commitment to minimum employment level of 10 for locals after 3 years 

Other terms and conditions to be negotiated.

Offer available for a limited time.

FROM THE TOBAGO HOUSE OF ASSEMBLY (THA) - Loan funding up to TT$250,000.00 at a 5% fixed interest rate offered to small and medium sized businesses.

TRINIDAD AND TOBAGO
Investors may qualify for national incentives offered by the Government of Trinidad and Tobago. These incentives are applicable across sectors and specific incentives are available to the following sectors: 

  • Manufacturing
  • Creative
  • Tourism
  • Agriculture
  • Marine
  • Energy
  • Sporting

FISCAL INCENTIVES FOR MANUFACTURING 

  • Tax holidays of up to ten (10) years for the manufacture of products using significant local input or goods produced exclusively for export or capital-intensive businesses investing in excess of TT$50 million (US$8.3 Million)
  • Exemption from Customs Duties on capital items (once project approval is secured)
  • Value Added Tax (VAT) Exemptions on imports for highly capital-intensive industries.
  • Income Tax exemption on dividends, other than interest on profits and gains derived from manufactured products prior to the tax holiday period.
  • Import Duty concessions on raw materials, machinery, and packaging materials.

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