Frequently asked questions

What entrepreneurs ask before they register.

How much does sole trader registration cost with BizReg Consulting?

BizReg service pricing starts from TTD $650. The Companies Registry currently lists a TT$220 government filing fee for registering an individual business name. Your quotation should confirm what is included.

How much does limited liability company registration cost with BizReg?

BizReg service pricing starts from TTD $1,500. The Companies Registry currently lists TT$25 for a company name reservation and TT$520 for incorporation of a profit company.

How long is a business or company name reservation valid?

The Companies Registry currently states that an approved name reservation is valid for 45 days.

Can I register a business entirely online?

CROS handles the electronic filing stages. The Registry's current instructions still include a signed-document delivery step for certificate collection.

Does a company have to file annual returns?

Yes. The Companies Registry states that each company must file its annual return within 30 days of the anniversary of incorporation, continuance or amalgamation.

What is the penalty for a late annual return?

The Registry currently states TT$300 for every month or part of a month the annual return remains late.

What is beneficial ownership?

The Registry generally defines a beneficial owner as a natural person who owns or controls 10% or more of the company, exercises ultimate effective control, or, when no person meets those criteria, the senior managing official.

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