Doing Business with Grenada

A comprehensive guide to doing business, exporting, investing, and manufacturing in Grenada.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Grenada Investment Development Corporation

GIDC logo - International Trade

Tel: +1 473 444 1033 – 35
Email: [email protected]
Web: www.gidc.gd

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Grenada Customs and Excise Division

Grenada Customs logo

Tel: +1 473 440 2239
Email: [email protected]
Web: www.grenadacustoms.com

National Chamber of Commerce

Grenada Chamber of Industry and Commerce

Grenada Chamber logo

Tel: +1 473 440 2937
Email: [email protected]
Web: www.grenadachamber.org

Ministry of Economy Information

Ministry of Finance, Grenada

Grenada Ministry of Finance arms

Phone: +1 473 440 2731 – 34
Email:
[email protected]
Web: www.finance.gd

  • Type of Government: Parliamentary democracy and constitutional monarchy
  • Population: Approximately 112,000
  • GDP: Around $1.2 billion USD
  • Corporate Tax Rate: 28%
  • Personal Income Tax Rate: 10% to 30%
  • Major Exports: Nutmeg, cocoa, bananas
  • Major Imports: Food, manufactured goods, machinery

Exporting to Grenada involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Grenada’s import regulations and standards for your product.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents in Grenada.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
  4. Customs Declaration

    • Work with a customs broker to facilitate the clearance process. Pay duties and taxes.

Key Contacts

Importing goods into Grenada requires following established customs procedures and obtaining specific licenses where necessary.

  1. Verify Import Regulations

    • Ensure your goods comply with Grenadian import regulations.
  2. Classify Your Goods

    • Determine the correct tariff classification using the Harmonized System (HS) codes.

Incorporating a company in Grenada involves several legal steps managed by **CAIPO**:

  1. Choose a Company Structure

    • Decide on the type of company (e.g., Private Limited).
  2. Register a Company Name

    • Reserve the name through the Corporate Affairs and Intellectual Property Office (CAIPO).
  3. Obtain Tax ID (TIN)

    • Register with the Inland Revenue Department to obtain a TIN for your company.

Key Contacts

Setting up a manufacturing plant in Grenada provides access to the CARICOM market:

  1. Choose a Suitable Location

    • Identify industrial zones with necessary infrastructure.
  2. Secure Financing

    • Explore funding options and government incentives through GIDC.

Key Contacts

  • Grenada Investment Development Corporation (GIDC): GIDC Website

Protecting your brand in Grenada is managed by **CAIPO**:

  1. Trademark Search

    • Ensure your trademark is unique via the CAIPO database.
  2. Registration and Certification

    • If no oppositions arise, the trademark is registered for a period of **10 years**.

Disputes can be settled through Negotiation, Mediation, or the Court system:

  1. Mediation & Arbitration

    • Often quicker and less formal than court proceedings.
  2. Litigation

    • File a lawsuit in the appropriate commercial court if ADR fails.

Key Contacts

Our Members Include Leading Organizations in Grenada

Ask our Experts on Doing Business in/with Grenada

If you’re looking to do business or invest in Grenada, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.