# Grenada

 Country code: GD · Currency: XCD · Language: English

**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.

**01.1 Income tax**

| Metric | Value | Detail |
| --- | --- | --- |
| Personal income tax | NONE | no personal income tax framework |

**01.2 Tax residence test**

| Metric | Value | Detail |
| --- | --- | --- |
| 183-day rule | does not exist here |  |
| Economic interest | does not exist here |  |
| Family centre | does not exist here |  |
| Habitual abode | does not exist here |  |
| Extended-stay test | does not exist here |  |

## 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.

**02.1 Investment income**

| Metric | Value | Detail |
| --- | --- | --- |
| Capital gains | NONE | no capital gains regime |
| Dividend tax | NONE | no dividend tax |
| Interest income | NONE | no interest income tax |

**02.2 Wealth & estate**

| Metric | Value | Detail |
| --- | --- | --- |
| Wealth tax | NONE | no annual wealth tax · no real-estate wealth tax · no net-worth assessment |
| Inheritance system | NONE | no estate tax · no heir-based duties · no succession tax framework. Wealth transfers across heir-classes are not taxed in this jurisdiction. Only standard probate / registration fees may apply. |

**02.3 Crypto**

| Metric | Value | Detail |
| --- | --- | --- |
| Crypto · tax regime | ZERO TAX | Rate: 0% · Grenada does not impose a Capital Gains Tax on individuals, making casual cryptocurrency investment gains effectively tax-free. Crypto-assets are generally classified as intangible property. However, if an individual's activity is deemed 'professional trading' or a 'business venture,' profits are treated as ordinary income and taxed at progressive rates (10% and 28%) after a personal allowance of XCD 36,000. |
| Crypto-to-crypto | NEUTRAL | a swap is not a taxable realisation event |
| FATF travel rule | NOT SIGNED | no information-sharing obligation on VASP transfers |

## 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.

**03.1 Rates**

| Metric | Value | Detail |
| --- | --- | --- |
| Corporate tax | NONE | no corporate income tax framework |
| VAT standard rate | NONE | no general VAT · no consumption tax framework |

**03.2 Regime & registry**

| Metric | Value | Detail |
| --- | --- | --- |
| IP Box · Patent Box | NONE | no IP regime · IP income taxed under standard corporate rules |
| Misuse of corporate assets | NO CRIMINAL | no criminal liability · Grenada is a common law jurisdiction where the misuse of corporate assets by a sole shareholder-director of a solvent company is treated as a civil breach of fiduciary duty or an illegal distribution (Companies Act, Cap. 58A, Sections 51, 53, and 97) rather than a criminal offense. Under the Criminal Code (Cap. 72A), offenses such as 'fraudulent conversion' or 'theft' require an element of 'dishonesty' or 'intent to defraud'; since the sole owner-manager is the 'mind and will' of the company and consents to the transaction, and the company remains solvent (meaning no creditors are defrauded), the criminal threshold is not met. |
| Shareholders privacy | PUBLIC PAYWALL | Corporate Affairs and Intellectual Property Office (CAIPO) |
| Directors privacy | PUBLIC PAYWALL | Corporate Affairs and Intellectual Property Office (CAIPO) |

**03.3 Incorporation cost**

_In this country, the most standard company form is called Private Limited Liability Company. The costs below are for incorporating a company in its simplest form, for reference only._

| Metric | Value | Detail |
| --- | --- | --- |
| Government Registration Fee (CAIPO) | USD 222 |  |
| Professional Legal/Incorporation Fees | USD 963 |  |
| VAT on Professional Fees (15%) | USD 144 |  |
| Name Search and Reservation Fee | USD 4 |  |
| Company Seal and Notice of Secretary | USD 28 |  |
| Total | USD 1,361 |  |

## 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.

**04.1 Substance & exemptions**

| Metric | Value | Detail |
| --- | --- | --- |
| Territorial · individuals | TERRITORIAL | territorial — foreign-source income generally untaxed |
| Territorial · corporates | WORLDWIDE | worldwide corporate taxation |
| Participation exemption | NONE | no dividend participation exemption regime |
| CFC rules | NONE | no controlled foreign corporation regime · foreign-source corporate income out of scope |

**04.2 Withholding tax · non-resident**

| Metric | Value | Detail |
| --- | --- | --- |
| WHT · dividends | NONE | no withholding on outbound dividends |
| WHT · interest | NONE | no withholding on outbound interest |
| WHT · royalties | NONE | no withholding on outbound royalties |
| Tax-haven WHT | NONE | no punitive rate on record |

**04.3 Treaty network**

| Metric | Value | Detail |
| --- | --- | --- |
| Treaties signed | 0 | active |
| Treaties pending | — | in negotiation |

## 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.

**05.1 Exit & dual nationality**

| Metric | Value | Detail |
| --- | --- | --- |
| Exit tax | NONE | no triggers active · residence change tax-free · no deemed-disposal mechanism |
| Dual citizenship | ALLOWED | naturalised citizens may keep their existing nationality |

**05.2 Citizenship paths**

| Metric | Value | Detail |
| --- | --- | --- |
| Residence | 6 years | available path to naturalisation |
| Marriage | — | not available |
| Birth | jus soli | available path to naturalisation |
| Descent | 1 gen | available path to naturalisation |
| Investment | USD 100,000 | available path to naturalisation |

## 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.

**Multilateral reporting frameworks — 3/9 active · 3 pending**

| Item | Status | Detail |
| --- | --- | --- |
| CRS | Signed | 2018 |
| CARF | None | — |
| FATCA | In force | 2014 |
| MLI | None | — |
| BEPS | Signed | — |
| MAAC | In force | 2018 |
| GLOBAL FORUM | Signed | — |
| EOIR | In force | — |
| CRYPTO TRAVEL RULE | None | — |

## 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.

**Blacklist exposure — Listed by 2 authorities**

| Item | Status | Detail |
| --- | --- | --- |
| EMBARGO | Clear | un / us / eu sanctions |
| FATF | Clear | grey / black list |
| EU | Clear | non-cooperative list |
| FRANCE | Clear | ETNC list |
| SPAIN | Clear | tax-haven list |
| PORTUGAL | Listed | favourable regimes |
| BRAZIL | Listed | low-tax list |

## Do you feel free there?

Long story short:
Not enough data to tell how free you'd actually feel in **Grenada**.

**08.1 Press freedom**

| Metric | Value | Detail |
| --- | --- | --- |
| Press freedom · RSF index | — |  |

Central bank digital currency

NONE

no announced CBDC program · no pilot · no retail or wholesale prototype on record

## 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.

**Accept payments — 2/6 available**

| Item | Status | Detail |
| --- | --- | --- |
| Stripe | Not available | card payments |
| PayPal | Available | wallet payments |
| Adyen | Not available | enterprise psp |
| Mollie | Not available | eu payments |
| GoCardless | Not available | direct debit |
| Paddle | Available | merchant of record |

**Bank and move money — 1/3 available**

| Item | Status | Detail |
| --- | --- | --- |
| Wise | Available | multi-currency |
| Revolut | Not available | personal banking |
| Revolut Business | Not available | business banking |

**Buy and sell on Amazon — 1/2 available**

| Item | Status | Detail |
| --- | --- | --- |
| Amazon | Not available | consumer delivery |
| Amazon Seller | Available | marketplace selling |

  SEE ALSO## Other jurisdictions worth comparing

Picked by similarity of strategic profile to Grenada. No editorial ranking — neighbours in the same scoring space.

  PROFILE-ADJACENT Same shape, comparable overall friction.

 [   Antigua & Barbuda AG  → ](https://stateless.sx/en/country/ag) [   St. Kitts & Nevis KN  → ](https://stateless.sx/en/country/kn) [   Montserrat MS  → ](https://stateless.sx/en/country/ms)

  NOTABLY MORE FAVORABLE Same family of strategies, higher total score.

 [   Oman OM  → ](https://stateless.sx/en/country/om) [   Mauritius MU  → ](https://stateless.sx/en/country/mu) [   Jamaica JM  → ](https://stateless.sx/en/country/jm)

  NOTABLY LESS FAVORABLE Same family of strategies, lower total score.

 [   Congo - Kinshasa CD  → ](https://stateless.sx/en/country/cd) [   San Marino SM  → ](https://stateless.sx/en/country/sm) [   Dominica DM  → ](https://stateless.sx/en/country/dm)