SlideShare a Scribd company logo
1 of 11
Giving small business a piece of the
                pie


                                       1
2
3
What is FairShare?
• Opportunity to bring MSEs to the table
• MSEs & Coops public procurement up to
  TT$1,000,000
• Online Portal
• Training in entrepreneurial and business skills



                                      4
How would FairShare benefit me?




                        5
Who is eligible?
Businesses must:
• At least 51% owned by legal residents of T&T
• Register in T&T with the Ministry of Legal Affairs or
  under the Cooperative Societies Act
• Satisfy the requirements of being a MSE
   – Less than 25 employees ( full-time equivalent)
     Less than $1.5 Million ( excluding land and building) in
     assets
   – Less that $5 Million in annual revenue

                                                 6
What is needed to register?
•   Copy of your National ID OR Driver’s
    Permit OR Passport

•   Copy of Business Registration Certificate

•   Three client reference letters 

•   Résumé for owner and/or key employees
                                      7
How will if work for you?
• Online presence
• Bid & Quote
• Gain opportunities based on your price and
  expertise.




                                    8
What FairShare is not
• A source for funding
• A tax trap
• A source for employees




                           9
What FairShare is
• Free
• 2 years certification plus an additional 2 years
• Located:
   – Level 5, Duke Place
     #50-54 Duke Street
     Port of Spain
   – Ph: 299-0300 ext 2161, 2013, 2157, 2158
   – www.fairshare.gov.tt

                                         10
Thank You




                         courtesy the
Ministry of Labour and Small and Micro Enterprise Development

                                                  11

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Vitas fair share pres

  • 1. Giving small business a piece of the pie 1
  • 2. 2
  • 3. 3
  • 4. What is FairShare? • Opportunity to bring MSEs to the table • MSEs & Coops public procurement up to TT$1,000,000 • Online Portal • Training in entrepreneurial and business skills 4
  • 5. How would FairShare benefit me? 5
  • 6. Who is eligible? Businesses must: • At least 51% owned by legal residents of T&T • Register in T&T with the Ministry of Legal Affairs or under the Cooperative Societies Act • Satisfy the requirements of being a MSE – Less than 25 employees ( full-time equivalent) Less than $1.5 Million ( excluding land and building) in assets – Less that $5 Million in annual revenue 6
  • 7. What is needed to register? • Copy of your National ID OR Driver’s Permit OR Passport • Copy of Business Registration Certificate • Three client reference letters  • Résumé for owner and/or key employees 7
  • 8. How will if work for you? • Online presence • Bid & Quote • Gain opportunities based on your price and expertise. 8
  • 9. What FairShare is not • A source for funding • A tax trap • A source for employees 9
  • 10. What FairShare is • Free • 2 years certification plus an additional 2 years • Located: – Level 5, Duke Place #50-54 Duke Street Port of Spain – Ph: 299-0300 ext 2161, 2013, 2157, 2158 – www.fairshare.gov.tt 10
  • 11. Thank You courtesy the Ministry of Labour and Small and Micro Enterprise Development 11