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Grenada To Establish Foreign Investment Regulator

by Amanda Banks, Tax-News.com, London

19 January 2004

The government of Grenada is to establish a multi-disciplinary investment committee which is to be tasked with the regulation of future foreign investment projects.

The investment panel will consist of experts in various fields and its remit will involve undertaking background checks on potential investors in addition to assessing the feasibility of proposals and subsequent benefits to the business and local communities concerned.

Recognising the importance foreign investment plays in the Grenadian economy, Governor-General Sir Daniel Williams observed during his Throne Speech at the recent state opening of parliament: "Such investments are needed to provide jobs for our citizens and sustainable projects that contribute to the further modernisation of our society."

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