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Grenada Industrial Development Corp.
Frequenté Industrial Park
St. George's
Grenada, West Indies

Phone: 1 (473) 444-1033-35
Fax: 1 (473) 444-4828



Incentives for Investment



The following categories of business enterprises are granted investment incentives:

  • Business enterprises carrying out a priority investment project
  • Business enterprises operating within priority industries/sectors
  • Business enterprises located within a priority geographic areas of the country


Priority Investment projects are projects which are in excess of EC$500,000 or employing in excess of 20 Grenadians and contributes the following to the Grenadian economy:

  • Increase foreign exchange, either through exports or import substitution
  • Technology transfer/acquisition
  • Reduce dependence on imported energy
  • Enhance skills development and skill-based employment
  • The sustainable use of domestic raw materials, supplies and services
  • Incremental economic diversification with significant value-added
  • Linkages between emerging & traditional economic sectors


Priority Industries/Sectors are industries or sectors which Government considers will make substantial contribution to the socio-economic development of Grenada. These are:

  • Tourism
  • Manufacturing
  • Agriculture, & Agri-business
  • Information Communication Technology (ICT)
  • Financial Services
  • Education & Training
  • Health & Wellness
  • Creative
  • Energy
  • Research and Development


Priority Investment Areas are geographic areas of the country which the government deems necessary to encourage investment. Government is in process of defining these areas.





Fiscal incentives granted to qualifying business enterprises are follows:

  • Exemption from customs duties on plant, equipment and raw materials.


Non Fiscal Incentives are as follows:

  • No restrictions on foreign ownership
  • No restrictions on foreign currency transactions
  • No restrictions on the repatriation of profits, capital and dividends
  • Double Taxation Relief




  • Completed application form
  • Business Plan
  • Certificate of good character (police record from home country)
  • A registered business name (A Business Name Certificate or Certificate of Incorporation, Articles of Incorporation, Notice of Directors and Notice of address)
  • Tax identification number (tax registration certificate)
  • A social security number (NIS registration certificate)
  • Tax/NIS compliance certificates(if already in operation)
  • Evidence of project funds (letter from funding bank stating loan purpose, funds approved, terms/draw down schedule or verification of equity capital)
  • Evidence of property ownership in the form of conveyance or lease
  • Outline (preliminary) Planning Permission


Information to be provided in the investment application form is as follows:

  • The name and address of the proposed business enterprise and its legal form
  • The proposed location where the activity is to be carried on
  • Profile of the project promoter(s); (including the name and address of each director or partner, the name, address, nationality and shareholding of each shareholder, the qualification, experience and other relevant particulars of the project management
  • The nature of the proposed business activity
  • The level of planned capital investment;
  • The estimated number of persons to be employed and categories of jobs to be created;
  • The nature and volume of waste which shall be generated by the enterprise’s operations, and the proposed methods, of its management;
  • The nature of support and facilitation which the investor is seeking from GIDC



Information to be provided in the business plan is as follows:

  • Executive summary of the project
  • The project background;
  • Market study or market analysis;
  • Investment plan over five year period;
  • The level of loan and equity financing;
  • Projected statement of income and expenditure 3yearrs;
  • Projected balance sheet ( 3 years)
  • Projected statement of cash flows (3 years)
  • Payback period, NPV and IRR
  • Loan amortization schedule for the bank loan (if any);
  • Project implementation plan/ schedule)
  • Notes on assumption made in the business plan.


Quantifying Investment


"Qualifying Investments" are as follows:




  • Data processing
  • Software development
  • Telephone and direct mail sales


  • International Business Company
  • Offshore Banking and Trust Fund
  • International Insurance

HEALTH & Wellness

  • Retirement homes
  • Health & fitness centers
  • Laboratories & diagnostic centers


  • Technical & Vocational training facilities
  • Schools, college, universities


  • Hotels
  • Villas
  • Condominiums/time share property
  • Restaurants
  • Marina
  • Attractions
  • Recreational facilities
  • Land and marine transportation service


  • Production of Films and Film strips.
  • Videos and sound recordings.
  • Digital media productions.
  • Printing and Publishing
  • Photography
  • Musical recording productions.
  • Magazine publishing.
  • Television productions.
  • Art and handicraft.
  • Festivals and carnivals.
  • Mass performers and designers.
  • Performing arts- Theatrical productions



  • Electronic components
  • Pharmaceuticals
  • Grain mill (Flour)
  • Bottled water
  • Animal feed
  • Beverages
  • Tobacco
  • Leather products
  • Furniture
  • Paint
  • Garments


  • Traditional Crops - Cocoa, Nutmeg, Banana
  • Organic Farming
  • Spice & Herb Farming
  • Fish Farming
  • Horticulture
  • Aqua-culture
  • Mari-culture
  • Hydroponics
  • Animal Husbandry


  • Fruit & Vegetable juices
  • Jams, marmalades or jellies
  • Cocoa products
  • Honey and honey products
  • Rum, wines and liquor
  • Beer, malt, stout
  • Flour, animal feeds, rice, bakery, products, pasta
  • Chilled, frozen or processed fish/shrimps
  • Poultry products
  • Production of Essential oil



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