Price starts from €3,500

Grenada is a jurisdiction that offers many financial and business services to its non-residents, making it easy for them to register companies, conduct business, bank and more remotely and at maximum profit. The country continues to improve its offerings.

This jurisdiction is the best option for:

International business;
Tourism businesses;
Intellectual Property (IP) Holding;
Shipping businesses;
Tourism companies.

Benefits:

Can be remote opened;
Fast incorporation procedure;
Has a strategic location for doing business near the U.S.;
Offers tax exceptions of international companies for 20 years;
No residency requirements for directors and shareholders;
Growing tourism industry.

0%

corporate tax

$1

minimum paid up share capital

4 weeks

average company registration period

The most popular corporate registration form in Grenada is the International Business Company (IBC)

Procedure for registration a company in Grenada

Step 1. Initial Setup:

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration:

Verification and reservation of the company name
Facilitating the notarial process for the company's official registration
Incorporating the company's data into the Grenada Companies Registry
Obtaining the Certificate of incorporation from the Register, Memorandum and Articles of Association

We also can help with:

Company secretarial services
Opening bank accounts
Preparing apostilled documents
Further legal support

Requirements for IBC in Grenada

Before deciding to set up a new company in Grenada, read the information below to understand the characteristics of the International Business Company (IBC):

The type of company is the International Business Company (IBC).

Number of directors/shareholders – minimum 1 director and 1 shareholder.

Company secretary – yes.

Share capital – the minimum amount of the authorized capital is not set.

Liability – limited to the amount of capital they have invested in the company through their shares.

Accounting – yes.

Document requirements:

Copy of the passports of all participants (Account Manager can help to ensure the correct process for any country of citizenship);
Proof of residency from all participants’ place of residency (Should be not older than 3 months in the moment all documents are sent to the authorities);
Standardized KYC - Questionnaire (Account Manager shares the questionnaire to be filled out by all participants);
Short description of business activity (Needed to properly register business with the according authorities).

Taxation in Grenada:

Corporate tax - 28%, but offshore companies established under the International Companies Act can claim tax exemption for 20 years.

Income tax - income up to XCD 24,000 is taxed at the rate of 10%, and if the amount is above this, then 30%.

Withholding tax- 15%.

Social contributions - for the employer 6%, and for the employee 5%.

VAT - 15% on most goods and services.

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.