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.

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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".

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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

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Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

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Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

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Key Numbers about Incorporations

4 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 1

director in the company

30%

corporate income tax (CIT) rate

10/30%

personal income tax (PIT) rate

15%

value-added tax (VAT) rate

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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

Corporate income tax (CIT)

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

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.
Are there any residency requirements for directors?

There are no residency requirements for directors or shareholders in Grenada.
What is the minimum share capital required to start a company in Grenada?

There is no minimum share capital requirement in Grenada.
Can a foreigner own 100% of a company in Grenada?

Yes, foreigners can own 100% of a company in Grenada.
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.
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.
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.

Semen Kaploushenko

KUNA, CBDO

"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."

Vadym Grusha

Trustee Wallet, CEO

"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."

Yuriy Soshenko

WhiteBit, CLO

"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

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

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.