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GRENADA
We have a dedicated team of professionals ready to assist with all your business needs, so you can focus on expanding into Grenada confidently.
WHY GRENADA?
• Positioned in the southern Caribbean, Grenada offers access to regional markets through CARICOM and OECS, alongside visa-free access for investors via its Citizenship by Investment (CBI) program.
• It enjoys political stability, low crime, and a thriving tourism-driven economy, supported by vibrant sectors such as hospitality, agro-industry, and ICT.
• The CBI program allows investors to gain passports with visa-free travel to over 145 countries and access to the U.S. E-2 Investor Visa.
ADVANTAGES
Natural & Strategic Assets
Stunning landscapes (“Island of Spice”) and strong export commodities like nutmeg and cocoa.
Diverse Opportunity Sectors
Includes tourism, agribusiness, ICT, renewable energy, wellness, and creative industries.
Quality Infrastructure & Workforce
Reliable utilities, fibre-optic connections, port and airport facilities, and a highly literate, skilled labor pool including graduates from St. George’s University.
Strong Investment Climate
Competitive costs, favorable ease-of-doing-business rankings, and supportive policy incentives for priority sectors.
SIMPLE TAX REGIME
Territorial Tax System:
Only income earned within Grenada is taxed; no tax on foreign-sourced income.
Zero Capital Gains, Wealth, or Inheritance Tax
These are fully exempt—investments and assets remain protected.
TAX SLABS – AND RATES
INCOME TAX RATES
- Personal Income Tax (PIT):
- 0% on the first EC$36,000
- 10% on the next EC$24,000
- 28% on amounts beyond EC$60,000
CORPORATE TAX RATES
- Resident Companies: Flat 30% on worldwide income.
- Non-Resident Companies: Taxed at 30% on income sourced from Grenada. Withholding tax of 15% applies to interest, royalties, and dividends.
- Alternative Viewpoint: Some sources place the corporate tax rate at 28%, following deductions—for both residents and non-residents.
OTHER TAXES
- VAT: Standard rate of 15%; tourism accommodation taxed at 10%; staples like water and food exempt.
- Annual Stamp Tax: Charged on gross receipts—0.25% for revenue between EC$30K–100K, 0.5% above EC$100K.
- Social Security (NIS): Total rate about 13% (employee ~6%, employer ~7%) for 2025.
- Withholding Taxes (non‑residents): 15% on dividends, interest, royalties.
GRENADA COMPANIES
Our team supports you through every stage of company setup and operation in Grenada:
Incorporation & Licensing
Fast, streamlined processes—especially beneficial for real estate and CBI-linked developments.
Compliance & Reporting
Assistance with VAT filings, corporate tax submissions, NIS contributions, and stamp tax
Infrastructure & Sector Support
Helping align your project in areas like tourism, agriculture, ICT, or renewable energy with available incentives and citizenship-linked opportunities.
Contact Us
Get in touch with the right people to get the right help in setting up your business in Grenada .
enquiries@chandrawatpartners.com.