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Grenada
Caribbean
Lucky Nomads World Index
67.48 / 100
Global rank
#86
Corporate tax
28%
Personal tax
30%
Lucky Nomads Proprietary Indices
22 scoring dimensions scored independently using a deterministic methodology built on primary sources and structured analytical inference.
- SafetyShield Index7.0 / 10
- Affordability Index6.4 / 10
- Entry Ease Index6.9 / 10
- Tax Freedom Index7.6 / 10
- WiFi Index7.1 / 10
- Admin Ease Index6.2 / 10
- Healthcare Index7.3 / 10
- City Comfort Index7.4 / 10
- WeatherComfort Index6.3 / 10
- Banking Index6.7 / 10
- GeoStability Index8.7 / 10
- Justice & Order Index6.8 / 10
- Quality of Life Index7.5 / 10
- Open Society Index6.4 / 10
- Flight Index3.4 / 10
- Environmental Quality Index8.0 / 10
- English Index8.7 / 10
- Wealth Protection Index7.8 / 10
- AI Access Index5.2 / 10
- Economic Openness Index7.8 / 10
- Market Depth Index3.1 / 10
- ClimateShield Index5.8 / 10
Country snapshot
- Capital
- St. George's
- Population (approx.)
- 117,000
- Area (km²)
- 344 km²
- Currency code (ISO 4217)
- XCD
- Currency name
- East Caribbean dollar
- Main airport IATA code
- GND
- Airport name
- Maurice Bishop International Airport
General facts
- Minimum monthly cost
- From $1,670/month
- Main languages
- English
- Jurisdiction type
- Country
- Region
- Caribbean
- Web TLD
- .gd
- Phone calling code
- +1 473
Web TLD and phone codes are general references and can differ for territories or special numbering plans.
Tax system
- Marginal CIT (corporate income tax)
- 28%Very highWorldwide
- Marginal PIT (personal income tax)
- 30%HighTerritorial
Corporate taxation basis: Worldwide. The country generally taxes worldwide income of resident companies.
Resident companies are taxed on worldwide income with no general foreign-source exemption mechanism and no foreign tax credit beyond the United Kingdom double tax convention and the CARICOM Multilateral Tax Agreement of 1994. In practice, the corporate base is overwhelmingly local-source given the limited number of resident multinationals and the absence of a holding company regime, participation exemption, or preferential intellectual property regime.
Flat 28% federal corporate income tax on net profit per the Income Tax Act 1994, Chapter 149. Branches are taxed at the same 28% rate. No surtax, no alternative minimum tax, no participation exemption. Approved enterprises under the Investment Promotion Act 2014 administered by the Grenada Investment Development Corporation (GIDC) may obtain tax holidays of up to 15 years and customs duty exemptions on capital equipment.
Personal income tax basis. Territorial. The country taxes income arising in or derived from its territory. Foreign-source income is generally exempt, subject to source-based rules that may vary by income type.
Resident individuals are taxed only on Grenadian-source income. Foreign salary, dividends, interest, capital gains and foreign pensions are exempt regardless of remittance. The Remote Employment Act 2021 explicitly deems digital nomad permit holders non-resident for income tax and immigration purposes, eliminating exposure on foreign-source income for the duration of the permit.
Three-bracket progressive system per the Income Tax Act 1994. personal allowance (approximately USD 13,300), 15% on income from to , 30% above (approximately USD 22,200). Identical rates apply to residents and non-residents on Grenadian-source income. National Insurance Scheme adds approximately 5% employee contribution. The 30% marginal rate triggers at a low threshold by HNWI standards but applies only to local-source income.
Tax percentages here are editorial reference figures for comparison, not individualized tax advice.
Special tax regimes
For companies
Investment Promotion Act 2014 + Codified Incentives Regime 2016
AvailableUmbrella corporate incentive framework administered by the Grenada Investment Development Corporation (GIDC).
You either qualify for Grenada's special tax regimes, or you don't. GeoCompass determines your eligibility, highlights the applicable conditions, and helps estimate your potential tax exposure.
Check my eligibilityVisa and mobility
Your access
Visa need and length of stay for Grenada. Saved on your device.
Overview
- Citizenship by investment
Available
Grenada Citizenship by Investment Programme
- Residence by investment
Not currently available
- Remote work visa (digital nomad visa)
Available
Programmes
Grenada lists several residency and mobility routes across work (employer sponsored) and remote work visas. Lucky Nomads tracks these programmes as editorial reference points. Thresholds, documents, and personal eligibility are evaluated in GeoCompass against your exact profile.
2 programmes listed · 2 are marked available in our editorial review
Work (employer sponsored)
1 programmeEmployer-linked permits and skilled employment passes for hired professionals.
- Available
Work Permit (Foreign Nationals and Commonwealth Citizens Employment)
Remote work visas
1 programmeRemote work or digital nomad style permits.
- Available
Remote Work Permit (Digital Nomad)
Not all residency routes are accessible. Some require minimum income, investment thresholds, local substance, or strict eligibility conditions. GeoCompass evaluates which options you can actually secure in Grenada.
Evaluate my residency optionsVisa and programme labels reflect editorial research, not individualized legal advice. Thresholds, documents, and personal eligibility are evaluated in GeoCompass. Always confirm rules with official government sources before you plan a move.
Dimensions breakdown
Strongest dimensions
- English Index8.7 / 10Very strong english index
- GeoStability Index8.7 / 10Very strong geostability index
- Environmental Quality Index8.0 / 10Strong environmental quality index
Weakest dimensions
- Market Depth Index3.1 / 10
- Flight Index3.4 / 10
Published ranks by index
One row per leaderboard we publish (the composite index plus each proprietary dimension). A rank appears only when this country is currently in the published top 10 for that list. Open a row to see the full ranking. Hover an index name for the same short definition as elsewhere on the site.
This jurisdiction is not in the published top 10 on any of these lists right now.
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Founder, Lucky Nomads · Wealth manager
Researched from official sources, leading global indices and Lucky Nomads' own scoring.
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