Page 86 - Caribbean-Central America Profile 2018

GRENADA

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

Official Name: Grenada
Sauteurs
Capital: Saint George’s
Nationality: Grenadian(s)
Official Language: English
Greenville Population Total (millions): 0.11 (2016 est.)
GRENADA Size: 133 square miles
Gouyave
Currency: East Caribbean Dollar (XCD)
Internet Domain: .gd
SAINT
GEORGE’S International Dialling Code: +1 473
Point Salines
International Electricity: 230 volts / 50 cycles
Airport

INVESTMENT INCENTIVES
COUNTRY OVERVIEW
Grenada is one of the region’s most attractive destination for investing. Investment opportunities
q Grenada is known as the Isle of Spice, can be found within several sectors to include Tourism, Agribusiness, Education, Health and
with more spices per square mile than Wellness, Information Communication Technology and Energy. Grenada has undergone a
anywhere else in the world. review of its incentives programs and has revised its Investment Incentive Framework to one
q The islands’ diversity include a that is streamlined, transparent, performance-based and compliant with international laws and
variety of beautiful white and black regulations.
sand beaches, waterfalls, lakes,
sulphur springs, amazing dive sites, The New Investment Incentives Regime will allow for the granting of investment incentives
spice plantations and floral gardens. to qualifying investment projects, subject to registration and certification from the Grenada
Investment Development Corporation. Investment incentives will comprise of:
q Consists of three islands: Grenada, • Investment Allowances
Carriacou, and Petite Martinique.
• Loss Carry Forward
q The capital, St George’s, is located in • Customs Duty Exemptions
Grenada.
• VAT Suspension
Grenada has one of the most pristine • Tax Credits for Training
physical environments in the Caribbean
and offers investors, tourists, migrant • Tax Credits for Research and Development
workers and overseas students a high • Excise Tax Exemption
quality of life and a relatively un-spoilt
natural environment. The physical beauty • Property Transfer Tax Waivers
and tropical climate of the country are • Customs Service Charge Reductions
complemented by its rich history, and
vibrant living cultural heritage. The Government has legislated the Grenada Citizen by Investment Act 2013. This Act allows
people to acquire citizenship and residence in Grenada by registration following investment in
The country’s economic structure the country.
is highly diversified, based on the
contribution of agriculture, manufacturing,
tourism, construction, communications, GRENADA INDUSTRIAL DEVELOPMENT CORPORATION
transportation and government. The The Grenada Industrial Development Corporation provides a “One–Stop Investment Facilitation”
country has made significant progress in service to all investors and displays a high level of competency which is reflected in the quick and
re-orientating its economy from agriculture efficient service provided by its highly trained and qualified staff.
towards a broad services based economy.
While agriculture and manufacturing still Grenada Industrial Development Corporation
plays a key role in the economy, services Frequenté Industrial Park
sector activities as a percentage of GDP St. George’s, Grenada
and exports have grown rapidly in the past Phone: (473) 444-1035
decade.
Fax: (473) 444-4828
E-mail: invest@grenadaidc.com

B-50 Caribbean-Central American Action