GENERAL AGREEMENT GATS/SC/96
15April 1994
ONTRADE INSERVICES (94-1094)
GRENADA
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________GRENADA -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS INCLUDED
INTHIS SECTOR
3) Commercial presence requires thatforeign
services providers incorporate orestablish
thebusiness locally inaccordance withthe
relevant provisions oftheLaws of
Grenada, andwhere sorequired, besubject
torelevant Acts pertaining toproperty
acquisition lease andrental andany
operating conditions thatmaybethe
subject ofexisting laws andregulations.
Some ofthese areasfollows:
1.TheExchange Control Actwhich
requires Grenada 'sMinistry of
Finance toregulate allForeign
Exchange Transactions.
2.Withholding Tax. Foreign Investment
enterprises inGrenada aresubject to
theWithholding TaxProvision ofthe
Income TaxOrdinance.
3.Registration ofJudicial Presence.
Grenada Commercial code requires
thatallCompanies beregistered.
GATS/SC/96
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Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
4.Insurance Act. Only corporate entities
areallowed toconduct insurance
business inGrenada. Allsuch entities
must firstberegistered bythe
Registrar ofInsurance.
5.Aliens Landholding. TheAlien
Landholding Actrequires foreign
companies andindividuals wishing to
holdproperty inGrenada tofirst
obtain alicence inorder todoso,
within which conditions ofpurchase
aredetailed.
Grenada reserves anumber ofsmall
business service opportunities for
nationals. Theroom limitation on
Hotel andResort Development is
within thecontext ofthispolicy. In
such circumstances when foreign
service providers arepermitted to
operate, aneconomic needs testmay
berequired.GRENADA (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
4) Theentry ofallforeign natural persons to
Grenada andtheir residence inGrenada is
regulated byGrenada 'simmigration laws.
Theentry ofallforeign natural persons is
subject toWork Permit Regulations. Issue
ofpermits isnormally confined topeople
withmanagerial andtechnical skills which
areinshort supply ornotavailable in
Grenada.
Professionals incertain disciplines maybe
required toregister withtheappropriate
professional orgovernmental body.
II. SECTOR-SPECIFIC COMMITMENTS
2. COMMUNICATION
SERVICES
B. Courier Services 1) None
2) None
3) Subject toexchange control regulations ad
alien landholding regulations.
4) Subject towork permit andimmigration
regulations.1) None
2) None
3) Subject towithholding tax
4) None
GATS/SC/96
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Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
7. FINANCIAL SERVICES
C. Reinsurance 1) None
2) None
3) Subject toexchange control regulations and
alien landholding regulations.
4) Subject towork permit andimmigration
regulations.1) None
2) None
3) Subject towithholding tax
4) None
9. TOURISM AND
TRAVEL RELATED
SERVICES
A. Hotel Development 1) Unbound*
2) None
3) Subject toalien landholding regulations,
exchange control regulations. Limited to
thedevelopments ofhotels inexcess of
(100) rooms. Hotel development ofless
than100rooms maybesubject toan
economic needs test.
4) Limited tomanagerial andspecialist skills
levels andasindicated inthehorizontal
section. Subject towork permit and
immigration regulations.1) None
2) None
3) Subject towithholding tax
4) None
* Unbound duetolackoftechnical feasibility.GRENADA (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
10. RECREATIONAL,
CULTURAL AND
SPORTING SERVICES
A. Entertainment Services 1) None
2) None
3) May berequired toemploy national artist
andentertainers. Limited totheatre,
musical ensembles andbands, dance
troupes. Subject toexchange control
regulations andalien landholding
regulations.
4) Subject towork permits andimmigration
regulations.1) None
2) None
3) Subject towithholding tax
4) None
D. Sporting andOther
Recreational Services1) Unbound*
2) None
3) Subject toexchange control regulations and
alien landholding regulations.
4) Subject towork permits andimmigration
regulations.1) None
2) None
3) Subject towithholding tax
4) None
* Unbound duetolackoftechnical feasibility.
GATS/SC/96
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