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Grenada is a Caribbean Sea island republic located at the southern end of the Grenadines island group. Grenada is made up of the main island, two smaller islands, Carriacou and Petite Martinique, and other tiny islands to the north of the main island that are part of the Grenadines. It is situated to the northwest of Trinidad and Tobago, to the northeast of Venezuela, and to the southwest of Saint Vincent and the Grenadines. It has a land area of 348.5 square kilometers (134.6 square miles) and a population of 112,523 as of July 2020. St. George's is its capital. Grenada is also known as the "Island of Spice" owing to its nutmeg and mace output.
Grenada was inhabited by indigenous South American peoples prior to the advent of Europeans in the Americas. Grenada was discovered by Christopher Columbus on his third journey to the Americas in 1498. Following multiple failed efforts by Europeans to colonize the island due to opposition from the island's local Caribs, French colonization and colonization started in 1649 and lasted for the following century. Grenada was given to the British by the Treaty of Paris on February 10, 1763. British control lasted until 1974. (except for a brief French takeover between 1779 and 1783). However, it was given complete sovereignty over its internal affairs as an Associated State on March 3, 1967, and Grenada was a member of the Federation of the West Indies, a short-lived federation of British West Indian colonies, from 1958 to 1962.
Independence was given on February 7, 1974, under the leadership of Eric Gairy, who became Grenada's first prime minister. The new nation joined the Commonwealth, with Queen Elizabeth as its head of state. In a bloodless coup d'état in March 1979, the Marxist–Leninist New Jewel Movement deposed Gairy's administration and formed the People's Revolutionary Government (PRG), with Maurice Bishop as prime minister. Bishop was subsequently caught and killed by soldiers of the People's Revolutionary Army, sparking an invasion led by the United States in October 1983. Since then, the island has maintained political stability and reverted to parliamentary representative democracy.
An employee may be terminated for a variety of reasons. For instance, their employment may have a contractual expiration date, or they may have underperformed, acted inappropriately, or violated their contract. To terminate your employment lawfully, you must offer the appropriate amount of notice based on the time served.
The employer may terminate a contract for an unspecified period of time after the probationary period, if any, by giving the following minimum notice periods in writing.
If the employee has been with the company for less than a month, the notice period is one working day. When an employee has been with the company for one month or more but less than three months, the notice period is one week. When an employee has been with the company for three months or more but less than a year, the notice period is two weeks. When an employee has worked for the company for one year or more but less than five years, the notice period is one month. When an employee has been with the company for five years or more, the notice period is two months.
In contracts of employment which do not specify the length of the probationary period, the following probationary periods shall be deemed to apply not more than one month in the case of unskilled workers; three months in the case of other workers, but which period may be extended by a collective agreement. Up to the end of a probationary period, a contract of employment may be terminated at any time by either party without notice.
Under Grenada's Labour Law, employees are entitled to one week's pay for each year of service.
Different industries have varying workday schedules. The maximum workweek for agricultural, construction, and industrial jobs is 40 hours per week, Monday through Friday. The maximum workweek for clerical assistants and shop workers is 44 hours per week, Monday through Saturday. Catering assistants may work up to 44 hours per week. Domestic workers and security guards are permitted to work a maximum of 60 hours per week.
Employers are not permitted to require employees to work more than eight hours per day unless they are security guards, domestic workers, or shift workers. Domestic workers can work up to ten hours per day with a two-hour break, while security guards and shift workers can work up to twelve hours per day.
No employee may work more than six consecutive days in a week, and the country requires all employees to take Sunday off. If an employee is required to work on a Sunday, they should be compensated at double their regular rate. Employees should be compensated at 150 percent of their regular rate for overtime work.
Grenada's minimum wage laws vary depending on the industry in which a job is located. The Wages Advisory Committee examines jobs and assesses the difficulties and dangers of specific positions in order to determine a reasonable minimum wage. As a result, wages differ depending on the job.
Bakery wrappers and packers must earn at least $170 Eastern Caribbean dollars (EC$) per week. Agricultural workers must be paid a minimum of EC$6.50 per hour. The Minimum Wage Order of 2011 was the most recent official order declaring these wages, but they are subject to change at the discretion of the Wages Advisory Committees.
Grenada provides both public and private health-care services to its citizens. Public health care is inexpensive, and the majority of residents can live without insurance. You may choose to provide private health insurance schemes, but you are not required to do so. The NIS assists in covering health-care costs incurred as a result of sick days, maternity leave, and workplace injuries.
The Employment Act does not take into account any mandatory bonuses or additional benefits. You are free to include these supplemental provisions at your discretion.
Grenada is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.
Grenada is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.
Grenada is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.
The Grenada Visa Policy is a collection of rules and regulations that are used to determine whether a foreign individual has to apply for a visa to enter Grenada or if travel authorisation is not necessary. A visa is a piece of travel documentation that permits tourists from other nations to visit Grenada for a variety of reasons.
According to the Grenada Visa Policy, passport holders from about 100 countries are not required to apply for a visa to visit Grenada for tourist reasons. These citizens may remain in the nation for a limited time without a visa.
Citizens of about 13 countries may apply for a Visa on Arrival to enter Grenada, according to the Grenada Visa Policy. This visa may be acquired by applying at the Grenada border crossing.
According to the Grenada Visa Policy, nationals of approximately 94 countries can enter Grenada after receiving an approved visa. This visa may be acquired by going to the closest Grenada diplomatic office and submitting an application form along with accompanying documentation.
The nationality of the traveller, the purpose of the visit, and the length of the journey all influence the Grenada Visa Policy. There are around one hundred nations that are visa-exempt, and individuals from these countries may enter and remain in the country for a limited period of time. The maximum length of stay for these visitors cannot exceed 90 days. Citizens of the United Kingdom, on the other hand, are permitted to remain in the nation for a maximum of 180 days without a visa.
Visa on Arrival is offered to passport holders from around thirteen different countries. These nationals must apply for a visa after arriving in Grenada by submitting the application form at the border crossing and paying the visa processing cost. With a visa on arrival, the maximum stay in the country is 60 days.
To visit Grenada for tourism, foreign people from 94 countries must apply for an Embassy Visa. With an authorized visa, these visitors may remain in the nation for a maximum of 90 days. Depending on the needs of the passengers, this might be a single-entry or multiple-entry visa.
In the United Kingdom, there is no standard format for employment contracts. The parameters of a British employment contract may be spelled forth in an employee handbook, offer letter, or collective agreement (if one applies to the employment relationship), among other locations, in addition to a written or spoken agreement. In most cases, employment contracts include:
Contracting parties' rights and duties
Working conditions
Employee responsibilities
Regardless of the form of the employment contract, all employers in the United Kingdom are required to give workers with a written statement of particulars that contains a primary statement. The following must be included in the main statement:
The employer's title
The employee's name and work title
A description of the work to be done as well as the place where it will be done
The start and finish dates (if the contract is for a fixed-term)
The duration and terms of the employee's probation period, if one exists.
Salary and payment frequency
Working hours and days (the principal statement must also specify if the employee is expected to work overtime, nights or on Sundays)
Leave, as well as any other benefits to which the employee may be entitled
Whether there is any obligatory training the employee must complete
There is no set length for assignments. This is usually indicated in the employment contract for fixed-term employments.
British Pound (GBP)
Grenada has minimal restrictions for overseas investors, making the subsidiary procedure simpler. As a worldwide business owner, the most common company type is a limited liability corporation (LLC), but you may also pick varieties connected to certain sectors, such as agriculture, manufacturing, and tourism.
LLCs apply to all goods and services, while other industry-specific corporations are exclusively for activity within that field. No matter whatever entity you pick, all corporations need the same setup procedure.
The first step in establishing a subsidiary is to reserve your business name with the Corporate Affairs and Intellectual Property Office (CAIPO). Then you must prepare your articles of incorporation. This document outlines how you want to govern your business, including the nomination of directors, the abilities of shareholders, and financial management.
You will need to consult with a lawyer to ensure that your organization is in compliance. You may finish your business registration with the CAIPO and register with the Inland Revenue Division (IRD) and the National Insurance Scheme after getting confirmation from a lawyer (NIS).
Subsidiaries, like any other business structure, have requirements that must be followed – you must have one shareholder, one director, and a minimum of one Eastern Caribbean dollar (EC$) in paid-up share capital.
You must also draft articles of incorporation that mirror legitimate business practices. As previously said, your establishing process involves legal proof that your methods are compliant, thus it's critical to pay particular attention to these specifics.
A NIS number and a tax identification number (TIN) are also required for your subsidiary. As an employer, these ID numbers guarantee that you may pay taxes and contribute to the insurance plan.
