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.
Manimama ensures a seamless company registration process in Grenada . Trust us to provide expert guidance and support, so your business can thrive from day one in Grenada . Start your journey with confidence, knowing you have the best team by your side.

Legal Opinion about Grenada as a Jurisdiction for Company Formation

Ganna Voievodina
Manimama, CEO
"Grenada presents a compelling jurisdiction for company formation due to its favorable tax regime and robust legal framework. The absence of capital gains, inheritance, and wealth taxes, along with the benefits of a territorial tax system, make Grenada attractive for international business. Moreover, Grenada's compliance with international financial regulations ensures a stable and secure environment for business operations. Its strategic location and growing infrastructure further enhance its appeal as a prime destination for company formation".
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Company Formation
- Company formation
- Registered address for the 1st year
- Annual accounting requirement bookkeeping
Annual Services
- Company renewal and registered address
- Annual Government Tax
- Mandatory Financial Beneficiary Report
Other Services
- Set of corporate documents (certified/apostille)
- Nominal service for 1 year
- Offshore banking
Key Numbers about Grenada as a Jurisdiction for Company Formation
4 weeksaverage term of company formation |
аt least 1shareholder in the company |
аt least 1director in the company |
30%corporate income tax (CIT) rate |
10/30%personal income tax (PIT) rate |
15%value-added tax (VAT) rate |
Set up Your Company in Grenada in Several Steps
Step 1. Initial Setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
Step 2. Company registration
- Appointment of a registered agent
- Choosing a company name
- Preparation of corporate documents
- Company registration in the Grenada Corporate Affairs and Intellectual Property Office
- Obtaining a stamped documents and Certificate of Registration
- Registration for taxes with the Inland Revenue Division of Grenada
- Opening a bank account
Requirements for Company Formation in Grenada
Before deciding to set up a new company in Grenada, read the information below to understand the characteristics of an International Business Company (IBC):
Shareholders: at least one shareholder.
Director: at least one director (may be a natural or legal person and is not required to reside in Grenada).
Company Secretary: at least 1 company secretary.
Minimum Share Capital: there is no minimum capital requirement.
Office: registered office is required in Grenada.
Registered Agent: is required.
Liability: limited to the amount of capital they have invested in the company through their shares.
Accounting: yes.
Taxes in Grenada
Net profit before tax for Grenadian companies is taxed at a flat rate of 30%.
Grenadian offshore companies can claim tax exemption for 20 years.
Personal income tax (PIT)Personal income up to XCD 24,000 (€ 8,100) is taxed at 10% in Grenada.
Any amount in excess of XCD 24,000 (€ 8,100) is taxed at 30%.
PIT is only levied on income earned in Grenada, such as salaries and business income.
Value-added tax (VAT)VAT is charged at the rate of 15% on most goods and services.
Reduced VAT rates:
- 10% on hotel accommodation and dive operations;
- 0% on some goods and services (supplying staple food or water).
Double taxation avoidance agreements in Grenada: United Kingdom, Antigua, Belize, Grenada, Guyana, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent, Trinidad and Tobago.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in Grenada:
Expertise in Regulations of Grenada
- 1. Manimama has an in-depth understanding of the legal and regulatory framework of Grenada.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with Grenada laws.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently Asked Questions
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What is the process for registering a company in Grenada?The process involves selecting a business name, submitting the necessary documents to the Corporate Affairs and Intellectual Property Office, and paying the required fees.
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Are there any residency requirements for directors?There are no residency requirements for directors or shareholders in Grenada.
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What is the minimum share capital required to start a company in Grenada?There is no minimum share capital requirement in Grenada.
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Can a foreigner own 100% of a company in Grenada?Yes, foreigners can own 100% of a company in Grenada.
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What are the tax implications for companies in Grenada?Companies in Grenada are subject to corporate income tax, value-added tax, and other local taxes. However, IBCs may enjoy tax exemptions.
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Are there any restrictions on the types of business activities allowed in Grenada?Certain activities may require special licenses or permits, such as banking, insurance, and other regulated industries.
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What are the advantages of forming a company in Grenada?Advantages include a favorable tax regime, strategic location, political stability, and incentives for foreign investment.
Client Feedbacks
"Manimama OU's team delivered exceptional legal guidance for our business setup, ensuring a smooth and efficient process. Their professionalism and expertise were evident in every step."
"We were impressed by the comprehensive legal solutions offered by Manimama OU. Their in-depth knowledge and client-centric approach made all the difference in navigating complex regulatory requirements."
"The legal support from Manimama OU was outstanding. They provided clear, actionable advice that greatly benefited our international business expansion."
Manimama as the Best Solution for Your Company Formation in Grenada
By choosing our company formation service in Grenada, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Grenada and pave the way for your business success.
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