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How to Purchase Property in Grenada and Start Earning

Introduction: Grenada isn’t just a dream vacation spot; it’s a prime location for real estate investment. With increasing tourism, growing digital nomad communities, and stable government policies, purchasing property here can become a powerful income-generating asset. Here’s how to purchase real estate in Grenada and start earning from the get-go.

Step 1: Choose the Right Property. Are you interested in:

Residential homes or apartments?
Commercial buildings?
Land for development?
Vacation rental properties like Airbnb listings? Decide what best fits your goals and budget.

Step 2: Understand Ownership Laws

Citizens & locals can purchase freely.
Non-citizens require an Alien Landholding License, which costs 10% of the property value.
Consider hiring a local lawyer to guide you through the legalities.

Step 3: Work with a Licensed Real Estate Agent

Choose a reputable agent with local knowledge.
Make sure the property has a clear title and is not under dispute.

Step 4: Conduct Due Diligence

Do a full title search.
Review zoning and land use policies.
Confirm no outstanding debts or encumbrances on the property.

Step 5: Hire a Lawyer for the Sale Process

Your attorney will help draft the sale agreement, verify ownership, and handle filings.
Legal fees typically range between 1-2% of the property value.

Step 6: Close the Sale

Sign the deed of transfer.
Pay government taxes (Property Transfer Tax, Stamp Duty, etc.).
Register the property in your name.

Step 7: Pro Tips to Maximize Your Investment

Reach out to Getaway Grenada to renovate or furnish for long-term or short-term rentals. We can assist with producing high-quality photos, smart locks, and guest amenities.
Set up utilities and a management plan.
We will list your properties by using our website and platforms like Airbnb, VRBO, or work with local agents.
Target tourists, students, or corporate guests.
Offer local experiences or add-on services.
Price seasonally and offer discounts for longer stays.
Hire a property manager (like Getaway Grenada!) to maintain your property and communicate with guests.

Conclusion: Purchasing property in Grenada is a rewarding step toward financial freedom and tropical living. Whether you’re investing for personal use or passive income, Grenada’s real estate market offers flexibility and long-term value. Let Getaway Grenada help you manage your property while you sit back and enjoy the rewards.

How to Start a Business in Grenada: A Step-by-Step Guide for Locals and Expats

Introduction: Grenada, known as the Isle of Spice, is more than just a tropical paradise. It’s also ripe with opportunity for budding entrepreneurs. Whether you’re a local looking to build something meaningful or an expat ready to invest in the Caribbean, starting a business in Grenada can be a rewarding journey. This guide breaks down the essential steps to help you launch your business with clarity and confidence.

Step 1: Decide on a Business Idea and Brainstorm Names. Start with identifying a need or a passion. In Grenada, tourism, agriculture, wellness, food services, and real estate are booming sectors. Consider what value you can offer in the local market or how you can enhance visitor or local experiences.

Step 2: Choose Your Business Structure. Decide whether you’ll operate as a sole proprietor, partnership, limited liability company (LLC), or corporation. Locals and permanent residents have more flexible options. Foreign investors often establish an LLC or register as a company.

Step 3: Register Your Business

Conduct a name search and reserve your business name through the Corporate Affairs and Intellectual Property Office (CAIPO), which can be done at the cost of XCD 25.00.
Complete your business registration form and submit it with relevant documents. Please reach out to us via WhatsApp at 473 419 4515 or email at [email protected] for the form before conducting the name search.

Step 4: Obtain a Business License & Permits Depending on your sector, you may need:

A trade license (especially if you're a non-citizen)
Health and food permits (for food or wellness businesses)
Tourism authority registration (if offering accommodation or tours)

Step 5: Open a Business Bank Account & Get a TIN

Register with the Inland Revenue Department for your Taxpayer Identification Number (TIN). You must bring along two (2) copies of your registration forms when signing up with CAIPO.
Choose a local bank or credit union and open a business account.
Please note that you would be required to file taxes yearly, whether or not you meet the government's threshold for income. We advise that you speak with an accountant for assistance in this regard.

Step 6: Secure a Business Location

Lease or purchase a space that aligns with your business goals.
Ensure the space is zoned correctly and meets government requirements.

Step 7: Hire Staff and Understand Labor Laws

Register employees with the National Insurance Scheme (NIS).
Draft contracts that reflect fair labor practices in accordance with Grenadian law.

Bonus: Market Your Business Locally and Online

Use platforms like WhatsApp, Instagram, Facebook, local radio, and flyers.
Attend local events and partner with other entrepreneurs for visibility.

Conclusion: Starting a business in Grenada is a mix of compliance, creativity, and connection. With the right support and preparation, you can tap into a community that values quality and innovation. At Getaway Grenada, we offer short-term stays and business-friendly accommodations to help you settle in as you begin this exciting journey.