Overview of Foreign Ownership Rules
Yes, foreigners can buy property in Trinidad & Tobago — but there's one key requirement. Non-nationals must obtain a Foreign National Licence from the Minister of Finance before the sale can be legally completed.
The licence process is straightforward and well-established. Your local attorney will handle the application on your behalf, and approval is granted in the vast majority of cases.
The Licence Application Process
The Foreign National Licence application requires standard documentation including proof of identity, a police certificate of good character, and the agreement for sale. Processing typically takes 3–6 months.
Tax Implications for Foreign Buyers
Trinidad & Tobago has no capital gains tax, no inheritance tax, and no restrictions on repatriating sale proceeds. Property tax rates are among the lowest in the Caribbean, making Tobago an attractive jurisdiction for international property investors.