The Ministry of Trade, Water and Sewerage Authority (Wasa) and the Bankers Association of T&T have agreed to remove the requirement for limited liability companies invovled in property transfers to obtain a Wasa clearance certificate.This new initiative will be implemented on a phased basis, starting with property transfers in Port-of-Spain and Chaguanas, where the vendor or purchaser is a limited liability company.
With effect from today, prospective purchasers that meet the criteria can present a revised customer bill when making mortgage applications to banks instead of a Wasa clearance certificate. This revised customer bill can be obtained from Wasa by either the vendor or the purchaser from today.This is part of a package of institutional, legal and administrative reforms aimed at improving the local investment climate.