Our Impact

Change the face of Grenada

The Government of Grenada recognizes the contribution of private enterprises towards the growth of Grenada’s economy. As a result, Government continues to offer a wide range of incentives to potential and existing investors to encourage the establishment and development of new businesses. All projects/businesses operating in the growth sectors are eligible for these incentives, which were intentionally designed to make investing in Grenada more accessible and profitable.
Some of these incentives include:


100% investment allowance up to 15 years.

Duties exemptions on building materials, furnishings, fixtures, equipment, packaging materials, raw materials and commercial vehicles.

150% tax credit for training, research and development.


50-100% waiver
on property transfer tax.

50-100% waiver
on withholding tax.

Waiver of VAT on initial importation of capital goods.

Investors are encouraged to engage in lawful economic activity and benefit from investment advantages such as; minimum entry requirements, adequate physical and technological infrastructure, attractive fiscal incentives and efficient business support services among others. Grenada offers a range of diverse investment opportunities within five (5) key growth sectors namely, Agri-Business, Tourism & Hospitality Services, Information Communication Technology, Energy and Education, Health & Wellness. A favourable investment climate is present on the island and is inclusive of competitive cost levels for the labour force and utilities.