Returning Nationals
Incentives for Returning Nationals
The Government of Grenada has in place a special programme for the grant of relief to Grenadians living abroad and wishing to return home .
THE INCENTIVE PROGRAMME FOR RETURNING NATIONALS IS AS FOLLOWS : aExemptions are given to nationals who have been living abroad for at least seven ( 7 ) years and are claiming exemptions on personal and household effects for personal use and not for resale a100 % exemption on all household and personal effects whether new up to ECD $ 75,000 a50 % exemption on one ( 1 ) personal vehicle ( specify ). If the vehicle is sold before three ( 3 ) years , the duties and taxes will be payable on the expired term of the exemption . aA second vehicle to be used for legitimate business will be granted a 50 % exemption . aReturning nationals will be able to purchase their vehicles locally if they wish to do so . aNew and used tools of trade will be allowed free of all duties and taxes aReturning nationals desirous of setting up a business will be allowed the usual tax incentives offered to foreign investors and will be handled by the Grenada Industrial Development Corporation ( GIDC ) aEnvironmental levy : vehicles 1-5 years will attract a 2 % charge on CIF value and vehicles over 5 years will attract a 30 % charge on CIF value , In addition to a 6 % Customs Service Charge ( CSC ). aThe Customs Service Charge will continue to apply on all imports under this new program at the rate of 6 %. aItems may be imported within three months before or after arrival in Grenada . Persons wishing to apply for the incentives under this program are required to visit the Returning Nationals Facilitation Bureau situated in the Ministry of Finance .
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THE FOLLOWING DOCUMENTS MUST BE SUBMITTED : 1 . Passport 2 . Proof of nationality 3 . Original one way ticket used to return to Grenada
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4 . A list of items which will be shipped to
Grenada 5 . Specification of the any vehicle to be imported 6 . Retirement letter
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