General Overview. Trinidad and Tobago is a Caribbean country, which is known for its active energy production, food industry, financial services and modern infrastructure. Offshore business is not so popular in Trinidad and Tobago as in several offshore countries of the region, as this jurisdiction is engaged in petrol and natural gas production, which is a significant source of state income. Therefore, this jurisdiction has not outlined financial services as the most important economic sector of the country, and due to its less attractive taxation regime than that of neighboring countries, it is not that frequently chosen for classical offshore business purposes by international private and corporate entities.

Banking Sector. A number of international banks established their branches in Trinidad and Tobago. At present banking sector is well developed in the jurisdiction and provides modern banking services to international clients and investors.