Nomad Watch

Business

Controlled Foreign Company (CFC) Rules
No
Studio Purchase Price (City Center)
Approx. $2,200 per m² (Very limited market; land is mostly generational)
Studio Purchase Price (Outside City)
Approx. $1,800 per m²
1-Bedroom Purchase Price (City Center)
Approx. $150,000 for a small cottage
1-Bedroom Purchase Price (Outside City)
Approx. $120,000
2-Bedroom Purchase Price (City Center)
Approx. $250,000
2-Bedroom Purchase Price (Outside City)
Approx. $200,000
Corporate Tax
28% (Grenada national rate)
Dividend Withholding Tax
15%
Tax System
Territorial/Resident-based; worldwide income for residents
Highest Income Tax Bracket
28% for amounts over $60,000 XCD
VAT
15%
Property Transaction Tax
5% for citizens, 10% for non-citizens (Alien Landholding License required)
Attractive Tax System for Digital Nomads
Grenada offers a Digital Nomad Visa (1 year, renewable) with low tax hurdles
Property Tax
0.2% to 0.5% of market value annually

Food and Drink

Affordable Shopping Spots
The island's main grocery shops near the jetty (Prices 20% higher than mainland)
E-commerce/Online Store
None; residents use freight forwarders from Grenada
Grocery Delivery
Usually via boat from Carriacou if ordered through local shops
Bar/Nightlife Area
Harbour Light Bar (Local vibe, Friday nights)
Local Brewery
West Indies Beer Co. (Available at bars, imported from Grenada)
Wine Bars
N/A; Rum shops are the standard
Street Food Stalls
Occasional BBQ fry-ups near the dock on weekends ($7 USD for a plate)
Popular International Cuisine
Limited to Barbecue and Fried Chicken at Palm Beach
Best Food Delivery App
None; call local cooks directly
Best Local Dish to Try
Cou-cou and Saltfish; Grilled Lobster ($25 USD)
Vegan/Vegetarian Options
Very limited; local ground provisions (yam, dasheen) available at markets
Best Dessert Spots
Local bakeries selling Coconut Drops and Currants Rolls

Culture and Attractions

Must-See Landmarks
The Pit (Highest peak for 360-degree views)
Museums & Art Venues
Outdoor boat-building sites (Living history on the beaches)
Historical Sites
Traditional wooden boat building yards
Religious Sites
Our Lady of the Sacred Heart Catholic Church
Annual Events
Petite Martinique Whitsuntide Regatta (Sailing and festivities)
Cultural Districts
The shoreline areas where traditional seafaring occurs
Theater Venues
N/A
Local Markets
Roadside stands selling fresh fish (Mahi-mahi, Tuna)
Music Scene
Soca and Reggae at local bars
Street Art
Hand-painted signs and colorful boat hulls
Cooking Classes
Informal sessions arranged with guesthouse hosts
Art Galleries
N/A
Historic Buildings
Traditional Caribbean cottages with ginger-bread trim
Local Heritage
Strong seafaring and smuggling history heritage

Nature and Outdoor Activities

Nearby Nature Escapes
Mopion Island (Tiny sandbar accessible by water taxi, 15 mins)
National Parks Nearby
High North Nature Reserve (On neighboring Carriacou)
Cycling/Walking Paths
The loop road around the island (Approx. 1 hour walk)
Scenic Viewpoints
Cross Island Trail summit
Birdwatching Locations
Mangrove areas on the south side of the island
Bonfire-Friendly Spots
Designated beach areas away from boats (Check with locals first)

Other Services and Amenities

Parcel Delivery Service
Osprey Ferry cargo service from Grenada
Tech Repair Services
None; must go to St. George's, Grenada
Table Tennis Spots
N/A
Language Classes
English is the official language; learning local dialect is informal
Libraries & Study Spots
School library (Access by permission)
Community Centers
Petite Martinique Community Centre
Gaming Lounges
N/A
Casino & Gaming Halls
N/A

Essentials

City
Petite Martinique, Grenadine Islands, Grenada
Population
Approx. 900
Internet Speed
25 Mbps via Starlink or Flow/Digicel 4G hotspots
Currency & Banking
East Caribbean Dollar (XCD), 1 USD ≈ 2.70 XCD
Tap Water
Rainwater cisterns; boiling or bottled water recommended ($1.50 per 1.5L)
Power
230V, 50Hz, 🔌 Type G (UK style) sockets
SIM Card
Flow or Digicel; obtainable in Carriacou or main docks (Approx. $25 USD for 10GB)
Banking for Expats
No banks on island; use Republic Bank or RBTT in Carriacou; Revolut/Wise for online
Accommodation
Local guesthouses and private villas (e.g., Melini’s Guesthouse)
Cashless Friendly
No, heavily cash-based (XCD and USD accepted)
Short Term Rentals
Airbnb and local bookings (e.g., Palm Beach Restaurant & Guesthouse, $80-$120/night)
Budget Accommodation
Simple local rooms available via word-of-mouth (Approx. $50/night)
Best Area to Stay for Tourists
The Windward side for breezes and views
Best Area to Stay for Digital Nomads
Near the main Jetty/Sanchez area for proximity to shops and slightly better signal

Working and Networking

Best Coworking Space
None; remote work is done from private rentals or Palm Beach Restaurant
Best Cafe for Work
Palm Beach Restaurant (Outdoor seating with sea views and sporadic Wi-Fi)
Networking Events
Informal gatherings at the local rum shops or docks during boat building events
Social Events for Expats
The Petite Martinique Easter Regatta is the primary social window

Transportation

Best Taxi/Ride App
None; local water taxis or walking (Island is only 586 acres)
Bike/Scooter Rental
Not available; the island is walkable but very steep
Best Beach Nearby
Sanchez Beach (Calm waters, great for swimming)
Top Regional Airline
SVG Air (Flying into Carriacou's Lauriston Airport)
Top International Airline
British Airways and JetBlue (Into Maurice Bishop Intl, Grenada)
Highway Access
N/A; only small paved coastal roads
Main Train/Transit Hub
The Jetty (Daily Osprey Lines ferry to Carriacou/Grenada for $30-$60)
Public Transport Passes
N/A; pay-as-you-go water taxis
Regional Travel
Osprey Ferry to Carriacou (20 mins) or Grenada (2.5 hours)

Health and Wellness

Best Hospital
Petite Martinique Medical Center (Basic care); Princess Royal Hospital (Carriacou)
Yoga & Wellness Centers
Private practice on the beach; no formal studios
Gyms & Fitness Centers
Outdoor hiking up to The Pit (highest point at 750ft)
Laundry Services
Offered by guesthouse hosts (Approx. $10 USD per load)

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