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Trinidad and Tobago

The ISO code of Trinidad and Tobago is TT according to the ISO 3166 standard. The local name of the country is Trinidad, Tobago. Trinidad and Tobago capital city is Port of Spain. People in Trinidad and Tobago speak the English language. On 31 August 1962, Trinidad and Tobago emerged as a sovereign political entity. In the year 08/31/1962, Trinidad and Tobago emerged as a sovereign political entity. The largest cities in Trinidad and Tobago are Port of Spain, Chaguanas, San Fernando, San Juan.

Trinidad and Tobago is located in the UTC -04:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Trinidad and Tobago is .tt. The International dialing code for Trinidad and Tobago is 1868. People in Trinidad and Tobago drive on the left side of the road. Total land area of Trinidad and Tobago is 5,128 km² (approx. 1,980 mi²). Trinidad and Tobago is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Trinidad and Tobago

Trinidad and Tobago is located in North America. Trinidad and Tobago is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Trinidad and Tobago faces various issues, including water pollution from agricultural chemicals, industrial wastes, and raw sewage, oil pollution of beaches, deforestation, soil erosion.

Doing business in Trinidad and Tobago

We offer various corporate services in Trinidad and Tobago jurisdiction. These services can serve both, people coming from Trinidad and Tobago and foreigners. If you plan on doing business in Trinidad and Tobago you might be interested in contacting us.

To find out about starting your business in Trinidad and Tobago click on company formation in Trinidad and Tobago.

To find out how to open a bank account in Trinidad and Tobago and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Trinidad and Tobago.

Choose preferred service below or continue reading to find out more about Trinidad and Tobago.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Trinidad and Tobago

The total population of Trinidad and Tobago is 1,372,598 people. In Trinidad and Tobago, the population density is 258 people per square kilometer (671 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Trinidad and Tobago is 0.6475. Trinidad and Tobago has approximately 32488 foreign immigrants. The median age is approximately 34.4 years. In Trinidad and Tobago, 59.52 in every 100 people use internet. Trinidad and Tobago has a Human Development Index (HDI) of 0.766.

The majority religion of Trinidad and Tobago is Christianity, Trinidad and Tobago is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Trinidad and Tobago.

Culture of Trinidad and Tobago

People in Trinidad and Tobago speak the English language. According to data on inbound tourists in Trinidad and Tobago, 434,000 tourists arrive in the country each year. The first McDonalds in Trinidad and Tobago was opened on 1 August 2011, and it was located in the Falls at West Mall, Westmoorings. One of the most popular national dishes of Trinidad and Tobago is callaloo. To read more click on culture of Trinidad and Tobago.

Geography of Trinidad and Tobago

Trinidad and Tobago is considered to be a large nation because of its total area. Its total land area is 5,128 km² (approx. 1,980 mi²). Trinidad and Tobago is located in North America. Its capital city is Port of Spain. Trinidad and Tobago has no land borders.

The highest point of Trinidad and Tobago is El Cerro del Aripo, with its official height being 940 m (3,084 ft). Including land mass and EEZ, the total area of Trinidad and Tobago is approximately 79,327 km² (~30,628 mi²). The most notable natural resources found in Trinidad and Tobago are petroleum, natural gas, asphalt.To read more click on geography of Trinidad and Tobago.

Economy of Trinidad and Tobago

The currency of the country is Trinidad and Tobago dollar. The symbol used for this currency is $, and it is abbreviated as TTD. 4.8% of population in the country are unemployed. The total number of unemployed people in Trinidad and Tobago is 65,885. Each year, Trinidad and Tobago exports around $12.86 billion and imports roughly $9.64 billion. The Gini Index of the country is 40.3. Trinidad and Tobago has a Human Development Index (HDI) of 0.766.The Global Peace Index (GPI) for Trinidad and Tobago is 2.07. Trinidad and Tobago has a government debt of 46.6% of the country's Gross Domestic Product (GDP), as assessed in 2012. Trinidad and Tobago is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, food processing, cement, cotton textiles.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Trinidad and Tobago is $43,457 billion. Each year, consumers spend around $11,100 million. The ratio of consumer spending to GDP in Trinidad and Tobago is 0%, and the ratio of consumer spending to the world consumer market is 0.032. The corporate tax in Trinidad and Tobago is set at 25%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. VAT in Trinidad and Tobago is 15%. To read more click on economy of Trinidad and Tobago.

Infrastructure of Trinidad and Tobago

In Trinidad and Tobago, 99.8% of the population has access to electricity. There are 241,690 internet hosts in Trinidad and Tobago. Trinidad and Tobago has 4 airports nationwide.

The number of road motor vehicles per 1000 inhabitants in Trinidad and Tobago is 125. To read more click on infrastructure of Trinidad and Tobago.

Politics of Trinidad and Tobago

Trinidad and Tobago, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, Trinidad and Tobago is 1. Citizens in Trinidad and Tobago experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Paula-Mae Weekes.

According to the World Bank Group, the government effectiveness index of Trinidad and Tobago is 0.29. This indicates that the government of Trinidad and Tobago is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Trinidad and Tobago before considering any business maneuvers.In Trinidad and Tobago, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Trinidad and Tobago is 2.07. The strength of legal rights index for Trinidad and Tobago is 7. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. Trinidad and Tobago is a member of the United Nations (UN). On 18 September 1962, it joined the UN as a full member state. Trinidad and Tobago is a member of the World Bank. To read more click on politics of Trinidad and Tobago.

Environment of Trinidad and Tobago

Trinidad and Tobago emits 37.1 metric tons per capita of CO2. 2260 km² of Trinidad and Tobago's territory is covered in forests. and forest land comprises 44% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Trinidad and Tobago is 125. To read more click on environment of Trinidad and Tobago.

Company formation in Trinidad and Tobago

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Trinidad and Tobago.

When establishing a company in Trinidad and Tobago, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Trinidad and Tobago that will affect the establishment and growth of one's business. Contact us or click on company formation in Trinidad and Tobago to read additional information when setting up a business.

Bank account opening in Trinidad and Tobago

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Trinidad and Tobago. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Trinidad and Tobago, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Trinidad and Tobago or contact us.