This is a great question but one that would be specific to the individual as it will depend on the business itself, the size of the business, the number of employees, what sector the business is in, etc. With regards to tax efficiencies, that is probably best answered by a professional in your home country as to your tax status. However, you would only pay taxes on income derived in Grenada from a Grenadian business; there are certainly incentives to open new businesses in Grenada again, depending on the industry and the size of the business.
