Retirement & Benefits Guide
Retirement visas, pensions, and healthcare for retirees in Grenada
Retirement Visa Program
Grenada does not offer a specific retirement visa. Retirees can pursue permanent residency after 2+ years legal residence, citizenship by naturalization after 7 years, or Citizenship by Investment (min. USD 235,000 donation or USD 270,000 real estate).
Pension System
Social insurance (PAYG) system provides old-age pension from age 63 with 575+ contribution weeks (27% of best 5 years' average earnings +1% per 50 extra weeks). Min. weekly pension EC$46.40, max. EC$657.70; sustainability moderate with periodic reviews.
Pension Adequacy
Replacement rates around 27-40% based on contributions; low for median earners. Supplementary private pensions registered with GARFIN (aggregate funds ~EC$295M in 2025); grants available for fewer contributions.
Healthcare Access
Public healthcare available to residents via Ministry of Health; quality moderate with some facilities. Private options exist but can be costly for expats; no universal free coverage for non-citizens.
Cost of Living
Retiree Community
Tax Benefits for Retirees
Grenada exempts foreign-sourced income, including pensions, investment returns, and dividends, from personal income tax for residents.
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