Grenada Investment Development Corporation Act No. 30 of 2016.
Country
Type of law
Legislation
Abstract
This Act provides rules for the establishment, management and functions of the Grenada Investment Development Corporation; funds and resources of the Corporation; and investments and expenditures.
Part III of the Investment Act shall apply to an investor under this Act. The Corporation may issue an investment incentive certificate to an investor whether that investment and the activity related to the investment contributes to creation of employment for Grenadians; acquisition of new skills or technology for Grenadians; tax revenues or other Government revenues; a transfer of technology to Grenada; an increase in foreign exchange, either through exports or import substitution; utilisation of domestic raw materials, supplies and services; adoption of value addition in the processing of local, natural and agricultural resources; and utilisation, promotion, development and implementation of information and communication technology.
Part III of the Investment Act shall apply to an investor under this Act. The Corporation may issue an investment incentive certificate to an investor whether that investment and the activity related to the investment contributes to creation of employment for Grenadians; acquisition of new skills or technology for Grenadians; tax revenues or other Government revenues; a transfer of technology to Grenada; an increase in foreign exchange, either through exports or import substitution; utilisation of domestic raw materials, supplies and services; adoption of value addition in the processing of local, natural and agricultural resources; and utilisation, promotion, development and implementation of information and communication technology.
Attached files
Web site
Long title of text
An Act to provide for the establishment of the Grenada Investment Development Corporation as an Economic Development Corporation with responsibility to promote and facilitate foreign and local investment in Grenada; to deliver assistance, services, and incentives to investors for related purposes; to develop and advocate investment policies to encourage new, existing, and emerging businesses; and to provide for related matters.
Date of text
Entry into force notes
This Act enters into force on the date fixed by the Minister by a Notice published in the Gazette.
Repealed
No
Source language
English
Legislation Amendment
No