{"id":5987,"date":"2025-05-01T14:35:32","date_gmt":"2025-05-01T18:35:32","guid":{"rendered":"https:\/\/eteck.co.tt\/?p=5987"},"modified":"2025-05-02T13:54:11","modified_gmt":"2025-05-02T17:54:11","slug":"e-teck-becomes-first-entity-granted-a-special-operator-license-ppie-officially-a-special-economic-zone","status":"publish","type":"post","link":"https:\/\/eteck.co.tt\/index.php\/2025\/05\/01\/e-teck-becomes-first-entity-granted-a-special-operator-license-ppie-officially-a-special-economic-zone\/","title":{"rendered":"e TecK becomes first entity granted Operator License: PPIE officially a Special Economic Zone"},"content":{"rendered":"<div id=\"attachment_5988\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-5988\" class=\"wp-image-5988 size-large\" src=\"https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-1024x807.jpeg\" alt=\"\" width=\"1024\" height=\"807\" srcset=\"https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-1024x807.jpeg 1024w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-300x236.jpeg 300w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-768x605.jpeg 768w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-185x146.jpeg 185w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-50x39.jpeg 50w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-95x75.jpeg 95w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM-500x394.jpeg 500w, https:\/\/eteck.co.tt\/wp-content\/uploads\/2025\/05\/WhatsApp-Image-2025-05-01-at-1.43.13-PM.jpeg 1529w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-5988\" class=\"wp-caption-text\">(l-r) Mr. Daniel Duncan, President (Ag.) of e TecK receives e TecK&#8217;s operator&#8217;s license from Stephen De Gannes, CEO of the SEZ Authority<\/p><\/div>\n<p>Evolving TecKnologies and Enterprise Development Company Ltd (e TecK) has been granted an Operator License for the <strong>Phoenix Park Industrial Estate<\/strong>, designating it as a <strong>Special Economic Zone<\/strong>.<\/p>\n<p>As outlined in the SEZ Act of 2022, the regime provides a robust framework for economic investment and diversification. It aims to increase exports, attract both domestic and foreign investment, create new jobs, and encourage greater private sector involvement in our economy.<\/p>\n<p>e TecK is immensely proud to be <strong>the first<\/strong> entity granted an Operator License for an Industrial Park by the Special Economic Zones Authority. Under the Act, industrial parks are purpose-built estates designed to leverage investments in manufacturing, logistics, and distribution industries.<\/p>\n<p><strong>As an Operator, e TecK will enjoy several key benefits:<\/strong><\/p>\n<ul>\n<li>Exemption from property tax obligations for the estate,<\/li>\n<li>Exemption from import duties on approved capital goods, spare parts, raw materials, and building materials,<\/li>\n<li>And stamp duty exemptions on transactions related to land acquisition for zone development.<\/li>\n<\/ul>\n<p>To access the benefits of the SEZ Act, tenants must apply for a Special Economic Zones Enterprise License under Section 49 of the Act. Once approved, our tenants will enjoy a host of advantages, including:<\/p>\n<ul>\n<li>Reduced Corporation Tax,<\/li>\n<li>Reinvestment relief, enhanced relief, and research and development allowances in accordance with the income tax act,<\/li>\n<li>VAT allowances, with zero-rated goods and services supplied within the Zone,<\/li>\n<li>Exemptions from customs duties on approved goods, and<\/li>\n<li>Exemption from property tax obli,gations.<\/li>\n<\/ul>\n<p>At e TecK, we are committed to fostering innovation and creating opportunities for growth. With the Phoenix Park Industrial Estate as a Special Economic Zone, we\u2019re opening the door to a brighter, more prosperous future for Trinidad and Tobago.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Evolving TecKnologies and Enterprise Development Company Ltd (e TecK) has been granted an Operator License for the Phoenix Park Industrial<span class=\"excerpt-hellip\"> [\u2026]<\/span><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":3,"featured_media":5988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-5987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Evolving TecKnologies and Enterprise Development Company Ltd (e TecK) has been granted an Operator License for the Phoenix Park Industrial Estate, designating it as a Special Economic Zone. 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