Grenada

Research notes

Grenada — family-office tax dossier

Last reviewed: 2026-10-15 Tax year: 2026 Reviewer: research agent (Claude), unreviewed by a tax adviser

Summary

Grenada taxes residents only on Grenada-source income. There is no capital gains tax, no tax on dividends received by residents, and no inheritance, gift or net wealth tax, so a portfolio of foreign shares and bonds is effectively untaxed locally. Costs arise on Grenadian real estate (transfer tax up to 15%, 10% alien landholding licence). No treaty relief exists for US/EU withholding taxes.

Residence and eligibility

183 days physical presence in the fiscal year makes an individual resident (Deloitte Grenada Highlights 2026). Residents are taxed on income derived from Grenada only. Non-citizens need a residence permit; Grenada also runs a citizenship-by-investment programme whose current amounts were not verified.

Capital gains

No capital gains tax (Deloitte 2026). JSON rates all 0. Real property transfer tax of 5%-15% (seller; above XCD 20,000; by deed above XCD 150,000) and a 10% Alien Landholding Licence for non-resident buyers are transaction costs, not CGT. Statutory reference to the Income Tax Act was not checked.

Dividends

Dividends paid to residents are not taxed and bear no withholding. Foreign dividends are outside the territorial base. JSON domestic 0, foreign 0, credit not_applicable. Outbound WHT 15%. Treaties: CARICOM only.

Inheritance and gifts to children

No inheritance, estate or gift tax. Gifts of Grenadian real property may attract the real property transfer tax. JSON basis none, fully_exempt.

Wealth tax

No net wealth tax. Property tax 0%-0.5% of market value with a XCD 100,000 building exemption for one owner-occupied home.

Special regimes

None. Grenada's territorial system already exempts foreign income.

Company taxation (kept separate from personal tax)

CIT 28% on worldwide income of resident companies; no CGT; no participation exemption; no Pillar Two commitment.

Cost of living notes

City: St. George's (Egmont / Lance aux Epines / Grand Anse).

• Prime rent: USD 4,750 a month (2026), the median of the four 4-bedroom houses in Terra Caribbean's Grenada rental listings on 15 Oct 2026 (Boujee, Egmont USD 7,500; Orchard Bay Villa, Westerhall Point USD 5,500; Ocean Eyes, Egmont USD 4,000; Beach Side Serenity, Morne Rouge USD 2,750). Three 4-bedroom apartments (USD 2,400-2,800) were excluded as not family homes; including them the median is USD 2,800.
• International school fee: not sourced. Re-checked 15 Oct 2026 by web search and direct site checks: no Grenadian private secondary school publishes a fee schedule online.
• Price per m2, health insurance, housekeeper: not sourced.
• 15 Oct 2026 final pass: school fee re-checked with third-party listings and the Wayback Machine; Divine Savior Academy publishes 2026-27 fees but for PreK-Grade 6 only, so not used.

Open questions

• Current CBI investment thresholds not verified.
• [standard/capital_gains] Deloitte describes the basis as Grenada-source only; the Income Tax Act text was not checked for any rule that taxes foreign income remitted to Grenada.
• [standard/dividends] No primary-law confirmation (Income Tax Act, Cap. 152) of the exemption for foreign dividends.
• [standard/inheritance] Whether transfer tax applies to transfers of Grenadian real property on death (Deloitte mentions only gifts) was not verified.
• International/private secondary school fee for Grenada not sourced: re-checked 15 Oct 2026 (web search, Wayback Machine for Westmorland School, third-party listings). Divine Savior Academy publishes 2026-27 fees but only for PreK-Grade 6 (international Kinder-Grade 6 EC$2,000 a term), so it was not used.

Sources

• Deloitte International Tax: Grenada Highlights 2026: https://www.deloitte.com/content/dam/assets-shared/docs/services/tax/2026/dttl-tax-grenadahighlights-2026.pdf
• Terra Caribbean: Grenada residential rentals (4+ bedrooms): https://terracaribbean.com/grenada/properties/?country_code=gd&listing_type=rental&currency=usd&zoning[]=residential

Change log

• 2026-10-15: initial research.
• 2026-10-15: cost of living pass: added prime rent (USD 4,750, median of four 4-bed houses on Terra Caribbean); school fee still not sourced.
• 2026-10-15: school fee re-checked; still not published online by any Grenadian private secondary school.
• 2026-10-15: school fee re-checked with third-party and archive sources; still not sourced (Divine Savior Academy fees found but primary only).
• 2026-10-15: family rent re-checked against the upper-middle-class standard: kept.