Relocation intelligence

🇬🇩 Moving to Grenada: tax, residency and cost of living

Territorial tax system with a generous EC$36,000 tax-free personal allowance and two PAYE bands (10% and 28%). No capital gains, wealth or inheritance tax. VAT 15%. Corporate tax 28%. Citizenship-by-investment available.

Thinking of moving to Grenada? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.

Key facts

Top income tax
28%
Corporate tax
28%
Capital gains
0%
Wealth tax
No
Inheritance tax
No
Cost of living index
76
Safety
8/10
Internet quality
6/10
Visa-free destinations
147
Foreigners can own property
Yes
Residency in
6 months
Citizenship in
5 years

Taxes

Individuals: EC$36,000 tax-free allowance, then 10% on the first EC$24,000 of chargeable income and 28% above. NIS employee contribution 6.25% up to an EC$5,200/month ceiling (not deductible). No capital gains, wealth or inheritance tax. VAT 15% (10% tourism, 20% telecoms).

Residency and visas

Residency and citizenship are mainly obtained via citizenship-by-investment (donation or real estate), with processing in roughly 3 to 6 months. No physical residence requirement. Ordinary naturalisation has longer residence requirements.

Property ownership

Foreigners may own residential property but require an Alien Land Holding License with an additional levy (up to about 10%). Transfer tax for non-residents is higher than for residents.

Cost of living and quality of life

Tropical Caribbean island with high safety (Numbeo Safety Index 76), English as the working language and a relaxed lifestyle. Downsides are high cost of living, limited healthcare and hurricane risk.

Passport and mobility

The Grenada passport ranks 27th in the Henley Passport Index 2026 with visa-free access to 147 destinations, including the UK, Schengen and China. Grenada is the only CBI country with access to the US E-2 investor visa.

Why people move to Grenada

  • No capital gains, wealth or inheritance tax

    Grenada levies no capital gains tax, no wealth tax and no inheritance tax, and taxes individuals only on Grenada-source income (territorial). Foreign income and capital gains remain untaxed.

  • Strong passport via citizenship-by-investment

    Investment can secure a passport in roughly 3 to 6 months giving visa-free access to 147 destinations (Henley 2026), including the UK, the EU Schengen area and China, plus access to the US E-2 visa.

Honest trade-offs

  • De kosten van levensonderhoud zijn hoog. De Numbeo Cost of Living Index staat op 76,4 en ligt daarmee ongeveer 10 procent boven de Verenigde Staten, doordat vrijwel alles wordt geimporteerd.
  • Het tweede belastingtarief is fors. Belastbaar inkomen boven EC$24.000 wordt belast tegen 28 procent, bovenop een NIS werknemerspremie van 6,25 procent.
  • De NIS premie is per 2026 verhoogd naar 13,5 procent totaal, waarvan 6,25 procent voor rekening van de werknemer komt tot een plafond van EC$5.200 per maand.
  • Het paspoort en verblijf zijn vooral toegankelijk via het dure Citizenship by Investment programma, met een minimale investering vanaf ongeveer USD 235.000.
  • Buitenlanders hebben voor de aankoop van vastgoed een Alien Land Holding License nodig, met een bijkomende heffing die kan oplopen tot circa 10 procent van de aankoopprijs.
  • Grenada ligt in de orkaangordel en is kwetsbaar voor tropische stormen en klimaatschade, zoals bleek bij eerdere zware orkanen.
  • De medische zorg is beperkt. Voor ernstige of gespecialiseerde behandelingen moeten inwoners vaak naar Barbados, Trinidad of de Verenigde Staten uitwijken.

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Sources

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