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Investment Act No. 42 of 2014.

Country/Territory
Grenada
Document type
Legislation
Date
2014
Source
FAO, FAOLEX
Long title
An Act to promote, encourage and protect investment in Grenada by providing investors with a stable framework of fundamental and enforceable rights and guarantees that ensure security and fairness in strict accordance with the rule of law and best international standards and practices resulting in economic prosperity in Grenada.
Subject
General
Keyword
Basic legislation Business/industry/corporations Enforcement/compliance Dispute settlement Equity Subsidy/incentive Standards
Geographical area
Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States
Entry into force notes
This Act shall come into effect on a day to be fixed by the Governor-General by Proclamation.
Abstract

This Act lays down provisions on the designated strategic investment activities undertaken by local investors; registration of investment entities; facilitation services of the Agency to assist an investor in establishing an investment entity; investment incentives; same and equal treatment to all investors and their investment entities in Grenada, regardless of their nationality or residence; dispute resolution between an investor and the Government; and compliance with laws and regulations. The objectives of this Act are to further the socio-economic development of Grenada and to attract and facilitate investment by (I) providing an efficient, effective and a transparent system for carrying out investment; (II) enhancing and modernizing the legal framework for direct investment; and (III) promoting the development of best international standards and practices regarding direct investment. This Act applies to every direct investment made in Grenada after the commencement of this Act regardless of the nationality or residence of the investor.

Full text
English
Website
laws.gov.gd