Grenada
| Pros |
|---|
| Attractive Citizenship by Investment program for enhanced global mobility and strategic tax planning. |
| Absence of capital gains, inheritance, and gift taxes for residents within a favorable fiscal framework. |
| Stable democratic environment with relatively low corruption levels compared to regional neighbors. |
| Cons |
|---|
| High import duties and complex customs procedures as factors for elevated operational costs. |
| Limited physical infrastructure and high utility prices as barriers to industrial scalability. |
| Small domestic market size and significant economic vulnerability to external tourism shocks. |
Long story short: For about $235,000, you can buy a Grenadian passport along with near-zero tax on foreign income, capital gains, and inheritance. The island has turned citizenship-by-investment into a genuine cash machine, and the local administration rolls out the red carpet for anyone showing up with hard currency.
The catch: the economy stands on three shaky legs (tourism, agriculture, citizenship program), the local market is tiny, and banks remain cautious with foreigners looking to open a business account, a legacy of the offshore banking scandals of the 90s.
Besides that: in upscale areas like Lance aux Epines or Grand Anse, crime simply isn't a real concern. Food is excellent, local spices are a draw (the island is one of the world's biggest nutmeg producers), scenery is stunning, but infrastructure and power cuts remind you fast that you're on a small tropical island, hurricane season included.
Will your income be taxed?
Long story short: NO.
Grenada doesn't tax personal income, and nobody comes sniffing around when you settle in. No withholding, no tax return, no centre-of-vital-interests trap waiting to snap shut.
Earn what you want: the taxman here simply doesn't know your name.
Will your wealth be taxed?
Long story short: NO.
Grenada keeps its hands off what you hold. No capital gains tax, no annual wealth grab, no inheritance regime.
Your portfolio compounds in peace and leaves the way it came in; nobody's standing at the door with their palm out.
Easy to run a company there?
Long story short: YES.
Grenada runs no corporate income tax and no criminal liability for misuse of corporate assets: fiscally and legally featherweight.
The catch: registries are public, so your name as shareholder is one search away for any curious stranger. They won't tax you, they won't prosecute you. They'll just put you in the shop window.
A good fit for a holding?
Long story short: NO.
Grenada has no treaty network at all, which buries the holding question, full stop.
Every dividend in or out eats the statutory withholding at full rate, and no domestic regime can patch a hole that sits on the source side. Don't park a holding here.
| Country | Status | Dividends | Interest | Royalties |
|---|---|---|---|---|
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| ∅ // no treaties match | ||||
Easy to come and go?
Long story short: LITTLE.
Coming and going from Grenada costs you nothing worth mentioning. Territorial regime (foreign income stays foreign), no exit tax at the door.
You show up with your stuff, you leave with your stuff, plus whatever you earned abroad in between. Borders the way they should all work.
Is your money watched?
Long story short: PARTLY.
Grenada has signed most of the standard exchange frameworks and runs a public corporate registry. Your accounts get reported to your home tax office, and your shareholdings sit in the shop window.
Watched on both axes: not wall-to-wall, but don't come here for discretion.
Is it blacklisted?
Long story short: SOMEWHAT.
Grenada is flagged by a few national tax administrations (drawn from FR/ES/PT/BR) and sits outside the FATF club.
The friction is selective: anti-abuse rules fire on specific corridors, and counterparties ask more questions than usual. Neither the FATF nor the EU has it on their lists, which keeps the damage contained: a nuisance, not a scarlet letter.
Do you feel free there?
Long story short:
Not enough data to tell how free you'd actually feel in Grenada.
Connected to the world?
Long story short: POORLY CONNECTED.
The two rails that matter are both dead in Grenada. Stripe won't onboard you, so card payments mean a foreign structure or a local processor with its own rules. Amazon doesn't deliver either.
Some secondary services run (4/11), but for an online business this is swimming against the current.
Other jurisdictions worth comparing
Picked by similarity of strategic profile to Grenada. No editorial ranking — neighbours in the same scoring space.