—No tax on worldwide income, capital gains or inheritance for non-residents
—Tax residence is separate from citizenship
—No wealth tax
Personal income tax — yes, Grenada has one
This is where honest reporting matters. Unlike St Kitts and Antigua, Grenada does levy a personal income tax: 10% on the first EC$24,000 (about US$8,900) of taxable income and 28% above that. Non-residents are taxed only on Grenada-source income, so simply holding a Grenadian passport without living there does not expose your worldwide income. But do not read “Caribbean passport” as “tax-free”: if you actually become tax-resident in Grenada, income tax applies. If zero personal income tax is your goal, St Kitts or Antigua fit better.
Corporate tax
Resident companies pay corporate income tax at 28% on their profit — in line with the personal top rate, and high enough that Grenada suits individuals more than active companies based there.
Indirect tax (VAT)
A value-added tax (VAT) applies at a standard 15%, with reduced rates for some sectors such as tourism, alongside import duties. Everyday consumption is taxed regardless of your income position.
What is not taxed
There is no capital gains tax, no wealth tax and no inheritance or estate tax. So while income can be taxed for residents, the holding and transfer of personal assets is not — a meaningful distinction for estate planning.
Citizenship is not tax residency
A Grenadian passport does not make you tax-resident, and it does not remove obligations to a country that taxes on citizenship, such as the United States. Grenada’s specific draw is different — access to the US E-2 investor visa (a disputed point we set out in full) — not a tax holiday. Understand the tax-residency line in our guide to second citizenship and taxes, compare the programmes on our comparator, and see Caribbean citizenship by investment for the wider picture. See our methodology for how each figure is verified.