1. Special Economic Zones and Entities
About the New Special Economic Zones
The Special Economic Zones (SEZ) Act, 2022, was partially proclaimed on 31 January 2022,
to allow for the establishment of the Trinidad and Tobago Special Economic Zones Authority
(SEZA); the appointment of the Board for the Authority; and the staffing and setting up of the SEZA.
The full proclamation of the SEZ Act was made on 5 July 2024, which repeals the Free Zones Act,
to bring into effect the SEZ Regulations, 2023, and allows for any public, private or public-private
partnership to the SEZA for specific licences in which to function in the new regime.
2. About the Trinidad and Tobago Special Economic Zones Authority
The Trinidad and Tobago Special Economic Zones Authority (SEZA) will provide the necessary
supervision and regulation of SEZs, and will be the critical part of the overarching governance
of the new SEZ regime whose function are to review, assess and determine applications for Operator
Licences, Special Economic Zone Enterprise Licence and Singe Zone Enterprise Licences.
3. Benefits and Eligibility Criteria for SEZ Entities
Schedules 1, 2 and 4 specify the benefits and eligibility criteria for Operators, SEZ Enterprises and Single Zone Enterprises.
Where applicable, the benefits for Operators and SEZ Enterprises/Single Zone Enterprises can
result in corporation tax at the rate of 15%, exemption from property tax, exemption on approved
import duties and zero-rating of VAT on approved capital goods and other articles.
Government of the
Republic of Trinidad and Tobago
