Though it’s often overlooked as just a fun-in-the-sun destination, the Spice Isle offers is actually brimming with potential as an investment destination. With a range of trade and investment opportunities, coupled with supportive government policies for doing business and attractive fiscal incentives, investing in Grenada has never been more appealing.
Investment Advantage
An isle brimming with potential as an investment destination.
Robust CBI Programme
Grenada’s Citizenship by Investment (CBI) programme is one the most sought after CBI programmes in the world. By making a significant investment into Grenada’s economy, contributing to the National Transformation Fund or buying into an approved real estate venture, this exclusive programme affords investors the opportunity to gain citizenship for themselves and their families to live and work in beautiful Grenada.
When you choose Grenada’s CBI programme, you will be entering a well-known, stable and established investment environment. In addition to this, our CBI programme includes minimal processing fees and no residency requirements before or after citizenship has been granted. There is no minimum education or management experience required, and the application process is confidential. Visit Grenada’s official CBI website to learn more.
Political & Economic Stability
The state of Grenada is a parliamentary democracy with low crime rates, no political violence and economic stability – factors that encourage a positive investment climate. Grenada’s stable economy can be attributed to the continued growth of sectors such as agriculture, resulting in an increase in exports of spices, cocoa, fresh fruits such as soursop, and fish, and manufacturing and tourism. In addition, as a member of the Eastern Caribbean Currency Union (ECCU), Grenada enjoys a favourable US exchange with our currency pegged to the US dollar at a fixed rate since 1976.
Furthermore, the government remains committed to the development of industry and facilitating economic growth by implementing policies that foster a thriving enabling environment. As such, investors can benefit from a framework with no restrictions on foreign currency transactions, and easy movement of capital, profits and dividends, interest and other distributions or gains.
Minimum Entry Requirements
In Grenada, there are no restrictions on who can enter and operate enterprises, and investors are encouraged in all fields of lawful economic activity. The ease of commencing business operations continues to improve, resulting in just 7 steps from forming a company to opening for business.
To get started, any person or entity wishing to operate a business in Grenada must first register a business name or incorporate a company with the Supreme Court Registry, and then register for taxes with the Inland Revenue Department. Non-nationals must have a work permit authorizing the holder to work in Grenada. The Investment Facilitation Manual provides a comprehensive guideline to requirements of starting a business in Grenada, and the IPA team is available to assist with securing necessary licenses, permits and approvals.
Trade & Investment Opportunities
Grenada is filled with untapped potential presenting investment opportunities that include trade with regional and international markets, especially in the priority sectors of Agri business and Manufacturing, Energy, Tourism & Hospitality Services, Information Communication Technology (ICT), and Health & Wellness. While the number of investment projects has increased over the last decade, many opportunities in these sectors have been under-utilized, with some still waiting to be explored.
Grenada continues to work towards an enabling environment for business and industry through the implementation of policy and attractive fiscal incentives for domestic and foreign investors. Learn more about the investment incentive regime.
Skilled & Productive Labour Force
Investors to Grenada can count on a qualified and well-trained workforce to support and grow their business operations. Grenada allocates substantial resources to educational and vocational training each year, through universal primary and secondary education, a number of Caribbean Vocational Qualification certification programmes, and international scholarship awards.
There are three tertiary institutions in Grenada: T.A. Marryshow Community College, University of the West Indies and St. George’s University. T.A. Marryshow Community College, the primary provider of tertiary education, offers a wide range of certificate programmes and associate degrees within the Schools of Continuing Education; Arts, Science and Professional Studies; and Applied Arts and Technology. The University of the West Indies Open Campus offers, in addition to undergraduate and graduate degrees, continuing education certificate programmes in areas such as supervisory management, procurement management and customer service. St. George’s University, best known internationally for its School of Medicine, has made a significant commitment to educating Grenadians through its School of Arts & Sciences, offering undergraduate and graduate degrees in Business, Biology, Information Technology, and Psychology, among others.
Excellent Quality of Life
When you think of paradise, think of Grenada – a country where you can find yourself at home in an unspoiled natural environment while still enjoying modern comforts. However, there’s more to Grenada than relaxing on one of many stunning beaches. Grenada is a multi-faceted country with rich traditions and vibrant culture that have been infused into all aspects of life. Business potential continues to flourish and, when combined with a low crime rate, friendly people, great food and adventures, Grenada gives true meaning to work-life balance.
Additionally, in recognizing the impact an unpolluted natural environment has on the quality of life for citizens, residents and visitors, the Government of Grenada continues to implement measures to reduce the carbon footprint and preserve the natural environment. These measures include improving waste management practices and encouraging and facilitating the development of alternative energy generation.
Bi-Lateral Trade Agreements
To facilitate trade and investment, Grenada has signed on to several trade and investment agreements with regional and international countries. These agreements provide business investors with access to many lucrative markets. Some of these trade agreements include Caribbean Basin Initiative – duty-free entry on exports to the U.S.A for products made in Grenada, and Caribcan – duty-free relief on export to Canada for products that are wholly produced or manufactured in Grenada. The Economic Partnership Agreement, Cariforum-Ec Epa, removes all tariffs and quotas on Caribbean exports to the EU, with the exception of sugar and rice. Additionally, to ensure that investors receive fair, equitable and non-discriminatory treatment, Grenada has signed on to Bilateral Investment Agreements with the United States of America, United Kingdom and CARICOM.
Upgraded Airport & Port Facilities
Grenada is easily accessible, by sea and air, from major hubs in the United States, Canada, United Kingdom, and Europe. The Grenada Airports Authority and Grenada Ports Authority are responsible for managing the air and seaports, and ensuring that they maintain international standards.
Grenada’s main airport, Maurice Bishop International Airport (MBIA), is located in the south of the island, close to the tourism belt. The airport can accommodate large and small passenger and cargo aircraft for day and night landings. A smaller airport, Lauriston Airport, is located on the sister island of Carriacou. For cruise ship passengers, the Melville Street Cruise Terminal in St. George’s is a modern cruise ship terminal with a welcome center and duty-free shopping mall. Sea freight is facilitated at the Port of St. George’s with port services that include berthing, storage and delivery, container rentals, and cargo sorting.
Robust Communications Network
With a stable and liberalized telecommunication market, Grenada can boast of a robust communications network that gives you access to the world, so you don’t need to worry about staying connected. High-speed broadband and mobile talk, text, and data services are widely accessible throughout the country. Regional companies C&W Communications (FLOW) and Digicel, as well as smaller, locally operated companies AIsleCom and Green Dot, offer a variety of home and business solutions.
Our Incentives
Grenada’s Citizenship by Investment (CBI) programme is one the most sought after CBI programmes in the world. By making a significant investment into Grenada’s economy, contributing to the National Transformation Fund or buying into an approved real estate venture, this exclusive programme affords investors the opportunity to gain citizenship for themselves and their families to live and work in beautiful Grenada.
When you choose Grenada’s CBI programme, you will be entering a well-known, stable and established investment environment. In addition to this, our CBI programme includes minimal processing fees and no residency requirements before or after citizenship has been granted. There is no minimum education or management experience required, and the application process is confidential. Visit Grenada’s official CBI website to learn more.
The state of Grenada is a parliamentary democracy with low crime rates, no political violence and economic stability – factors that encourage a positive investment climate. Grenada’s stable economy can be attributed to the continued growth of sectors such as agriculture, resulting in an increase in exports of spices, cocoa, fresh fruits such as soursop, and fish, and manufacturing and tourism. In addition, as a member of the Eastern Caribbean Currency Union (ECCU), Grenada enjoys a favourable US exchange with our currency pegged to the US dollar at a fixed rate since 1976.
Furthermore, the government remains committed to the development of industry and facilitating economic growth by implementing policies that foster a thriving enabling environment. As such, investors can benefit from a framework with no restrictions on foreign currency transactions, and easy movement of capital, profits and dividends, interest and other distributions or gains.
In Grenada, there are no restrictions on who can enter and operate enterprises, and investors are encouraged in all fields of lawful economic activity. The ease of commencing business operations continues to improve, resulting in just 7 steps from forming a company to opening for business.
To get started, any person or entity wishing to operate a business in Grenada must first register a business name or incorporate a company with the Supreme Court Registry, and then register for taxes with the Inland Revenue Department. Non-nationals must have a work permit authorizing the holder to work in Grenada. The Investment Facilitation Manual provides a comprehensive guideline to requirements of starting a business in Grenada, and the IPA team is available to assist with securing necessary licenses, permits and approvals.
Grenada is filled with untapped potential presenting investment opportunities that include trade with regional and international markets, especially in the priority sectors of Agri business and Manufacturing, Energy, Tourism & Hospitality Services, Information Communication Technology (ICT), and Health & Wellness. While the number of investment projects has increased over the last decade, many opportunities in these sectors have been under-utilized, with some still waiting to be explored.
Grenada continues to work towards an enabling environment for business and industry through the implementation of policy and attractive fiscal incentives for domestic and foreign investors. Learn more about the investment incentive regime.
Investors to Grenada can count on a qualified and well-trained workforce to support and grow their business operations. Grenada allocates substantial resources to educational and vocational training each year, through universal primary and secondary education, a number of Caribbean Vocational Qualification certification programmes, and international scholarship awards.
There are three tertiary institutions in Grenada: T.A. Marryshow Community College, University of the West Indies and St. George’s University. T.A. Marryshow Community College, the primary provider of tertiary education, offers a wide range of certificate programmes and associate degrees within the Schools of Continuing Education; Arts, Science and Professional Studies; and Applied Arts and Technology. The University of the West Indies Open Campus offers, in addition to undergraduate and graduate degrees, continuing education certificate programmes in areas such as supervisory management, procurement management and customer service. St. George’s University, best known internationally for its School of Medicine, has made a significant commitment to educating Grenadians through its School of Arts & Sciences, offering undergraduate and graduate degrees in Business, Biology, Information Technology, and Psychology, among others.
When you think of paradise, think of Grenada – a country where you can find yourself at home in an unspoiled natural environment while still enjoying modern comforts. However, there’s more to Grenada than relaxing on one of many stunning beaches. Grenada is a multi-faceted country with rich traditions and vibrant culture that have been infused into all aspects of life. Business potential continues to flourish and, when combined with a low crime rate, friendly people, great food and adventures, Grenada gives true meaning to work-life balance.
Additionally, in recognizing the impact an unpolluted natural environment has on the quality of life for citizens, residents and visitors, the Government of Grenada continues to implement measures to reduce the carbon footprint and preserve the natural environment. These measures include improving waste management practices and encouraging and facilitating the development of alternative energy generation.
To facilitate trade and investment, Grenada has signed on to several trade and investment agreements with regional and international countries. These agreements provide business investors with access to many lucrative markets. Some of these trade agreements include Caribbean Basin Initiative – duty-free entry on exports to the U.S.A for products made in Grenada, and Caribcan – duty-free relief on export to Canada for products that are wholly produced or manufactured in Grenada. The Economic Partnership Agreement, Cariforum-Ec Epa, removes all tariffs and quotas on Caribbean exports to the EU, with the exception of sugar and rice. Additionally, to ensure that investors receive fair, equitable and non-discriminatory treatment, Grenada has signed on to Bilateral Investment Agreements with the United States of America, United Kingdom and CARICOM.
Grenada is easily accessible, by sea and air, from major hubs in the United States, Canada, United Kingdom, and Europe. The Grenada Airports Authority and Grenada Ports Authority are responsible for managing the air and seaports, and ensuring that they maintain international standards.
Grenada’s main airport, Maurice Bishop International Airport (MBIA), is located in the south of the island, close to the tourism belt. The airport can accommodate large and small passenger and cargo aircraft for day and night landings. A smaller airport, Lauriston Airport, is located on the sister island of Carriacou. For cruise ship passengers, the Melville Street Cruise Terminal in St. George’s is a modern cruise ship terminal with a welcome center and duty-free shopping mall. Sea freight is facilitated at the Port of St. George’s with port services that include berthing, storage and delivery, container rentals, and cargo sorting.
With a stable and liberalized telecommunication market, Grenada can boast of a robust communications network that gives you access to the world, so you don’t need to worry about staying connected. High-speed broadband and mobile talk, text, and data services are widely accessible throughout the country. Regional companies C&W Communications (FLOW) and Digicel, as well as smaller, locally operated companies AIsleCom and Green Dot, offer a variety of home and business solutions.
Employment & Hiring
The Government of Grenada understands the need of foreign investors to hire non-nationals with specialized skills. Therefore, the government has approved legislation that will provide for the hiring of a non-national however, the employer must prove to the authority that nationals are unable to fill the position – proof must show that efforts were made to obtain the skill in Grenada; this can be through the form of radio, newspaper or television advertising for the job position.
The employer must also present to the Ministry of Labour the measures that will put in place to train nationals and ensure skills transfer so that a Grenadian can fill that role in the future.
Employers wishing to import labour must complete an application for a work permit. Applications for work permits are processed by the Ministry of Labour.
Monetary Systems
Grenada is a member of the Eastern Caribbean Central Bank (ECCB) and is bound by its general guidelines as a monetary supply and bank regulations. The country uses the Eastern Caribbean Dollar (XCD) which is pegged to the United Stated Dollar and an exchange rate of XCD $2.7169 to USD $1.00.
There are no exchange controls on foreign currencies and securities in Grenada. Therefore, an individual of either local or foreign origin can transact foreign monies and or operate a foreign currency account with any of the commercial banks in Grenada once they offer such services.
The repatriation of capital, dividends, interest, and other distributions and gains can be freely transacted; subject to the paying of all applicable taxes.