Grenada, March 1, 2023 – The Grenada Government has launched an exciting new incentive program aimed at supporting investment and participation in the creative industry. The program provides registered creative practitioners and organizations with 100% concessions on Customs Excise Tax (CET) and Value-Added Tax (VAT) for items considered “tools of trade” starting 1st March, 2023. 

Eligible for the concessions are: registered cultural and creative practitioners and businesses; registered retailers of ‘tools of trade’ directly used in the production of creative goods and services; and registered education and community organizations or programs focused on delivering training in the creative and cultural industry.

To apply for the incentives, interested individuals and organizations must first register with the Grenada Office of Creative Affairs (GOCA) via their online application form. Once registered and approved, access to the online concession application will be provided via email with relevant instructions.  

This program is a significant opportunity for eligible creative practitioners and organizations to access the resources they need to thrive and contribute to the growth of the creative industry. By supporting investment in this sector, the program can help to drive economic growth, create jobs, and promote cultural development.

According to the Minister of Economic Development and Planning, Hon. Lennox Andrew, “The government of Grenada is committed to the development of the creative industry, and this incentive scheme is a testament to that commitment. We hope that by providing duty-free concessions, we can enable more businesses and organizations to participate in the creative industry and help to create a vibrant and thriving sector that contributes to our country’s economic and cultural development.”

For more information, please contact the Grenada Office of Creative Affairs at creativeaffairs@gov.gd or visit their website at https://creativeaffairs.gd