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Returning Nationals Concessions

The Returning Nationals or “Welcome Home Programme”, as it is officially
called, is an incentive package for Grenadian nationals who are returning from
living abroad to permanently reside in Grenada.

The package involves the establishment of a ‘one-stop’ Returning Nationals
Facilitation Bureau in the Ministry of Finance.  This means that the Customs
and Immigration Departments will no longer process applications for returning nationals.

This incentive was introduced in December 2002 after it was announced by the Minister of Finance Hon. Anthony Boatswain in the 2003 Budget Speech.

The Benefits

• “One –stop” facilitation bureau for processing applications.

• 100 percent exemption on all household and personal effects, whether new or used, up to EC$75,000.

• 100 percent exemption on one (1) personal vehicle.  The exemption
  will be valid for three (3) years.  If the vehicle is sold before three (3)
  years, the duties and taxes will be payable on the expired term of the
  exemption.  Returning Nationals can purchase vehicles locally if so desired. Environmental levy of EC$2,000 is payable on all vehicles, (new or used,) with no age limit.

• Tax incentives for setting up businesses.

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