Promote:
Invest in Grenada
A short guide for companies expanding into Grenada: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Grenada at a glance
PopulationEstimate
117,303
The World Bank reports a population of 117,303 in 2025.
Source: World Bank, Grenada population, 2025 (opens in a new tab) · as of 2025
GDPEstimate
US$1.42 billion
The World Bank reports GDP of US$1,420,173,228.57 in 2025, in current dollars.
Source: World Bank, Grenada GDP, 2025 (opens in a new tab) · as of 2025
GDP per personEstimate
US$12,107
The World Bank reports GDP per person of US$12,106.88 in 2025, in current dollars.
Source: World Bank, Grenada GDP per person, 2025 (opens in a new tab) · as of 2025
Real GDP growthEstimate
4.4%
The World Bank reports real GDP growth of 4.4 percent in 2025.
Source: World Bank, Grenada real GDP growth, 2025 (opens in a new tab) · as of 2025
Inflation
0.7%
Year-on-year inflation was 0.7 percent in March 2026, the Ministry of Finance reports from Central Statistical Office data.
Source: Ministry of Finance, Medium-Term Fiscal Framework 2027-2029 (opens in a new tab) · as of March 2026
Foreign direct investment inflows
US$207 million
UNCTADstat reports inward foreign direct investment flows of US$207.022 million in 2025, on an asset and liability basis.
Source: UNCTADstat, Grenada inward FDI flows, 2025 (opens in a new tab) · as of 2025
The currency is the Eastern Caribbean dollar.
Source: Ministry of Finance, Medium-Term Fiscal Framework 2027-2029 (opens in a new tab) · as of 2026
2. Before you set up
The investment agency, any one-stop route, the sectors reserved for nationals and the zones, as the guide found them.
The Grenada Investment Development Corporation is the state body charged with promoting and facilitating foreign and local investment.
Source: Grenada Investment Development Corporation Act, 2016 (opens in a new tab) · as of 2016
The Investment Act, 2014 has the agency help investors with incorporation and licenses, and requires every investment entity to register with it.
Source: Investment Act, 2014 (Act No. 42 of 2014) (opens in a new tab) · as of 2014
The Investment Act lets the Minister designate strategic activities in which a foreign investor may own less than 50 percent; no designating regulation was found.
Source: Investment Act, 2014 (Act No. 42 of 2014) (opens in a new tab) · as of 2014
The 2026 Budget Statement describes investment incentive approvals and names no free zone; no designation order under the Free Trade and Processing Zone Act, 2015 was found.
Source: Ministry of Finance, 2026 Budget Statement, December 2025 (opens in a new tab) · as of December 1, 2025
3. Steps to set up
The main steps, in order, each with the body responsible and its official page.
Setting up in Grenada
- Incorporate a company, or register an external company, with the Registrar under the Companies Act before it begins business in Grenada.Grenada Corporate RegistryOfficial page (opens in a new tab)
Source: Companies Act, Cap. 58A (opens in a new tab) · as of October 30, 2026
- Register the investment entity with the Grenada Investment Development Corporation, which keeps the register of investment entities and helps with incorporation and licenses.Grenada Investment Development CorporationOfficial page (opens in a new tab)
Source: Investment Act, 2014 (Act No. 42 of 2014) (opens in a new tab) · as of 2014
- Get a tax identification number from the Comptroller of Inland Revenue, which the Tax Administration Act assigns to every taxpayer.Inland Revenue DivisionOfficial page (opens in a new tab)
Source: Tax Administration Act, 2016 (Act No. 14 of 2016) (opens in a new tab) · as of 2016
- Ask the Grenada Investment Development Corporation about investment incentive certificates, which it issues to qualifying investors.Grenada Investment Development CorporationOfficial page (opens in a new tab)
Source: Grenada Investment Development Corporation Act, 2016 (opens in a new tab) · as of 2016
Show 3 more set-up steps
- If your business is insurance, credit unions or money services, check licensing with GARFIN, which regulates the non-bank financial sector.Grenada Authority for the Regulation of Financial InstitutionsOfficial page (opens in a new tab)
Source: GARFIN, history and legislation administered (opens in a new tab) · as of October 30, 2026
- Apply for a work permit for each foreign national or Commonwealth citizen you employ, unless an exemption or CARICOM skilled nationals rules apply.Ministry responsible for labourOfficial page (opens in a new tab)
Source: Foreign Nationals and Commonwealth Citizens (Employment) Act, Cap. 115 (opens in a new tab) · as of 2001
- Apply for an alien land-holding license from the Minister before you hold land, unless a short interest within the five-acre limit suffices.Minister responsible for national securityOfficial page (opens in a new tab)
Source: Aliens (Land-Holding Regulation) Act, Cap. 13 (opens in a new tab) · as of 2009
4. Organizations that help investors
Start with GIDC and Customs and Excise. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
Investment and business setup
- Get advice
Investment promotion agency
GIDC
Grenada Investment Development Corporation
Promotes and facilitates foreign and local investment, issues investment incentive certificates and helps small businesses start and expand.
- Meet requirements
Company registry
Corporate Registry
Grenada Corporate Registry
Registers companies, including external companies, under the Registrar of Corporate Services and Intellectual Property.
Show 3 more organizations
- Find finance
Regional development bank
CDB
Caribbean Development Bank
Regional body
Funds development projects in its Caribbean member countries and publishes country data and reports.
Visit CDB (opens in a new tab)Source: Caribbean Development Bank, home page (opens in a new tab) · as of October 30, 2026
- Find finance
Regional development fund
CDF
CARICOM Development Fund
Regional body
Gives financial and technical assistance to its member countries, which include Grenada, through country assistance programs and other facilities.
Visit CDF (opens in a new tab)Source: CARICOM Development Fund, home page and member countries (opens in a new tab) · as of October 30, 2026
National legislature
Parliament
Grenada Houses of Parliament
Publishes Grenada's acts, bills, statutory rules and orders, and the Government Gazette.
Visit Parliament (opens in a new tab)Source: Grenada Houses of Parliament, home page (opens in a new tab) · as of October 30, 2026
Customs and tax
- Meet requirements
Customs authority
Customs and Excise
Customs and Excise Division
Takes export entry declarations through its computerized system and administers drawback and the rules on restricted exports.
- Meet requirements
Tax authority
Inland Revenue
Inland Revenue Division
Assigns tax identification numbers and administers taxes under the Tax Administration Act.
Show 1 more organization
Finance ministry
Finance Ministry
Ministry of Finance
Manages economic planning and the budget, and publishes budget statements, fiscal frameworks and debt reports.
Chambers and industry associations
- Get advice
National chamber of commerce
GCIC
Grenada Chamber of Industry and Commerce
Represents private sector members through advocacy, networking and visibility in local and regional markets.
Visit GCIC (opens in a new tab)Source: Grenada Chamber of Industry and Commerce, home page (opens in a new tab) · as of October 30, 2026
5. Worth knowing
Climate and water
The IMF's 2025 Article IV lists vulnerability to natural disasters among Grenada's key downside risks, beside tourism and import dependency.
What to do: Confirm insurance cover and delivery schedules for hurricane season before you sign contracts.
Source: IMF, Grenada 2025 Article IV press release, January 2026 (opens in a new tab) · as of January 21, 2026
Reserved sectors
The Investment Act lets the Minister designate strategic activities that foreign investors may own less than 50 percent; no designating regulation was found.
What to do: Ask the Grenada Investment Development Corporation whether your sector is designated.
Sources: Investment Act, 2014 (Act No. 42 of 2014) (opens in a new tab); Investment (Amendment) Act, 2016 (opens in a new tab) · as of October 30, 2026
Land and property rules
An alien needs a license from the Minister to hold land, and land held without one is forfeited to the Government, with limited exceptions.
What to do: Apply for the license before you sign any purchase of land.
Source: Aliens (Land-Holding Regulation) Act, Cap. 13 (opens in a new tab) · as of October 30, 2026
Tax concessions
The Ministry of Finance intends to rationalize tax concessions and phase out temporary tax relief introduced after Hurricane Beryl.
What to do: Confirm the incentive terms in force with GIDC before you build them into project costs.
Sources: Ministry of Finance, Medium-Term Fiscal Framework 2027-2029 (opens in a new tab); Ministry of Finance, 2026 Budget Statement, December 2025 (opens in a new tab) · as of October 30, 2026
6. How Promote:Global helps
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Promote:Grenada is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of October 30, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.