Incentives Overview
AGRICULTURE SECTOR
Livestock Farmers
Fishermen
Crop Farmers and Agroprocessor
- Exemption from Import Duties and VAT on equipment, machinery and supplies specific to the sub sector
- Exemption from Import Duties on specific vehicles
- Exemption from Income Taxes including Unincorporated Tax
- Special water rates
ENTERTAINMENT SECTOR
Film
Commercials
Photo Shoots
- Exemption from Import Duties and VAT on equipment, machinery and supplies specific to the sub sector
- Special incentives depending on project type
- Tax holiday for locally incorporated production companies
- Expedited Work Permits
- Concierge Services
TOURISM SECTOR
Hotel Construction and Renovation
- $5,000,000 - $25,000,000
Exemption from Import Duties on building materials, equipment, machinery, furniture and special purposes vehicles
- Over $25,000,000
Exemption from Import Duties and VAT. Payment of 12% Customs Service Charge on building materials, equipment, machinery, furniture and special purpose vehicles
New Hotel Commencement of Operation
- Income Tax Holiday for 5-10 years in first instance with option to renew Restaurant Construction and Renovation
- $1,000,000 - $25,000,000
Exemption from Import Duties on building materials and furniture
- Over $25,000,000
Exemption from Import Duties and VAT. Payment of 12% Customs Service Charge on building materials, equipment, machinery, furniture and special purpose vehicles
Other Tourism Enhancement Projects
- $1,000,000 - $25,000,000
Exemption from Import Duties on building materials and furniture
- Over $25,000,000
Exemption from of Import Duties and VAT. Payment of 12% Customs Service Charge on building materials, equipment, machinery, furniture and special purpose vehicles
OTHER SECTORS
Renewable Energy and Energy Efficiency Devises
- Exemption from Import Duties and Customs Service Charge Creative Arts
- Exemption from Import Duties on equipment, machinery including musical equipment
*Exchange rate $2.70 XCD = $1 USD