Nearshore Americas is organizing a webinar on July 1st to debate the advantages and challenges of launching global services operations in Trinidad & Tobago.
Speakers at the webinar include Vasant Bharath, the country’s minister of trade, industry and investment; Richard Young, Chairman of Economic Development Board of Trinidad & Tobago; Kirk Laughlin, Managing Director of Nearshore Americas and Lisa Erickson-Harris, an IT analyst with Nearshore Americas.
Low energy costs, a strong English-speaking population and tax incentives are some of the major advantages luring foreign firms into setting up shop in the island nation. The country has also reduced the time required to launch a business from 43 days to just three.
Several large international financial institutions, such as Scotiabank, have already seized on these advantages. Scotiabank is operating a shared services center, creating about 400 new jobs, while KPO firm Quatrro Global Services and the Caribbean Electronic Payments Systems have announced plans to launch BPO operations.
Home to about 2,000 chartered (CPA equivalent) accountants, Trinidad & Tobago has the highest per-capita population of accountants in the world. Therefore, industry analysts have often said that the Caribbean country may prove a good location for launching BPO services in finance & accounting (F&A outsourcing). Trinidad & Tobago already has the infrastructure to support high-level financial operations. Telecom capacity vendor Columbus Communications is laying additional fiber to bolster its broadband service and is also preparing to launch a data center next year. In Barataria, Fujitsu is already operating an 87 rack, tier-three data center.
The webinar includes details of a new Nearshore Americas’ study on the suitability of global services’ operations in Trinidad and a roundtable discussion that will include audience participation. Register here for this special program.