The 60-second version
Trinidad and Tobago custody exit needs redeem holdings, depot termination, and TTD SWIFT to NRE before India tax residency.
Local or nominee custody — Trinidad and Tobago holdings settle in TTD
Republic Bank Securities / Scotiabank TT Brokerage provide equity and fund custody — obtain holding statement before termination.
Redeem units 30+ days before departure — TTD settlement must clear before bank closure.
Bank lane: Trinidad and Tobago bank guide after custody zero.
Trinidad and Tobago custody wind-down
| Account | Currency | Step |
|---|---|---|
| Republic Bank Securities | TTD | Redeem + close |
| Fund admin | TTD | Redemption confirm |
| Linked bank | TTD | Close after depot |
| NRE | INR/USD | SWIFT receipt |
Closure
Inventory
List holdings.
Redeem
Sell funds.
Tax stmt
Admin summary.
TTD wire
SWIFT to NRE.
Schedule FA
Last FY asset.
Flow
Trinidad and Tobago custody kit
- Holding stmt.
- Redemption confirms.
- Closure letter.
- SWIFT.
- Passport copy.
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US nominee
Many Trinidad and Tobago accounts hold US-listed ETFs via Miami correspondent — close US brokerage guide if account sits onshore.
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Local exchange?
May use local exchange or bank nominee — verify on holding statement.
Schedule FA?
Declare foreign financial asset in last FY held.
FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
vs bank?
Close bank after custody zero — see Trinidad and Tobago bank guide.
CG tax?
India may tax on sale in overlap year — Form 67 if foreign tax paid.
Trust?
Trustee must sign if legal owner is trust.
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