Factor scores

How Trinidad and Tobago performs

Tax

76.1

Very strong

On the high side. Taxes here are heavier than in most countries we cover (75th of 123). Worth taking tax advice before you move. Personal income tax 25 or 30%, corporate tax 0% -50%, VAT 12.5%.

Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)

Safety

60.8

Moderate

Average safety. Safety here is about average for the countries we cover: Trinidad and Tobago is 67th of 117.

Source: Institute for Economics and Peace, Global Peace Index

Cost of Living

69.2

Strong

Fairly expensive. Everyday life costs more here than in most countries we cover (92nd of 118). Budget for it.

Source: Numbeo Cost of Living Index

Education

36.3

Weak

Below average. Education here is weaker than in most countries we cover (80th of 120). Families may want to look at international schools.

Source: UNDP & MBRF, Global Knowledge Index

Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.

Tax and citizenship

The detail behind the scores

Taxation

Corporate income tax	0% -50% Applicable tax rate varies based on the nature of the business
Personal income tax	25 or 30% any income in excess of TTD 1 million is taxed at 30%
Standard VAT	12.5%

Rates change without notice. Confirm with the relevant tax authority before acting.

Naturalization Requirements and Immigration Pathway

Residence for naturalization: 5 years
Language requirement: Yes
Adequate knowledge of the English language
Investment Immigration Pathway: Not applicable
Official language: English
Dual citizenship: Allows with conditions

Compare

Elsewhere in Caribbean

#54 baseline

Dominican Republic

Baseline score 65.2

#103 baseline

Jamaica

Baseline score 59.1