Foreign Investment FAQs
Q
Are there any restrictions on foreign investment (including authorisations required by central or local government)?
There is little regulation of foreign investment. A foreign investor (whether a limited liability company or an individual) investing in land or real property must obtain a licence from the central government (Aliens (Land-holding Regulation) Act). If the licence is not obtained, any land, equity or security interest in land the foreign investor acquires can be forfeited to the state.
Q
Are there any exchange control or currency regulations?
There are only minimal foreign exchange control restrictions (a substantial part of the Exchange Control Act (Cap 93 of the 1990 Revised Laws of Grenada) is currently suspended). However, banking and antimoney-laundering regulations can apply.
Q
What grants or incentives are available to investors? Are any of these aimed specifically at foreign investors?
There are a variety of grants or incentives available to foreign investors, most of which are tax-concession based. For further information, see
http://www.grenadaworld.com.
