Grenada

Grenada

Grenada is an archipelago governed by the island of the same name. If you intend to open a company in Grenada, be aware, that in this country investors are free to invest in all areas of a legitimate economic activity, with the exception of actions detrimental to a national security or the environment, a public health or a national culture.

Registering a company in Grenada provides a number of conditions, one of which is the requirement to open a bank account in Grenada. According to YB Case experts, in order to open a commercial enterprise in Grenada, you will need:

  • Locate your business;
  • To register a unique company name;
  • To register the application with the Supreme Court;
  • To open a bank account in Grenada.

After receiving a certificate of registration of a company name, the company has a legal status and can legally carry out business activities in the country. A commercial activity in Grenada is licensed.

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Government fees (US $):
  • A licensing in Grenada is 13$;
  • The name registration is 25$;
  • A registration of a company in Grenada is 1200$.
Requirements:
  • Shareholders - 1 min;
  • Promotions - 1 min;
  • Directors - 1 min;
  • A legal address;
  • A registered office.

If you are planning to open a business in Grenada, be aware, that such forms of entrepreneurship are allowed in the country as: an individual, a partnership and the LLC.

If you decide to register a company in Grenada, you will receive:
  • 20 years without taxes;
  • no stamp duty or other fees;
  • no taxes on inheritance;
  • no taxes for transfers;
  • no taxes on capital gains and profits;
  • the opportunity to work in international markets.

* For commercial real estate, the tax rate is 0,3%

So, if you are ready to start a business and register a company in Grenada, then YB Case experts will provide legal assistance at all stages of the registration process and expertly explain all details.

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