Commercial Law Memorandum On Foreign Investment
1. The former restrictive provisions of the Aliens (Landholding) Act have been repealed and replaced by a new Foreign Investment Act, No. 16 of 1990 designed to encourage investment by foreign investors. 2. A foreign investor is defined by the Act to mean:- (a) An individual who is neither a citizen of "a Caricom member country" nor a resident of Trinidad and Tobago; (b) Any firm, partnership or unincorporated body of persons of whom at least one half of its members consist of persons to whom (a) or (c) applies; or (c) Any company that is not incorporated in a Caricom member country, or...
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