Grenada: Types of Company
The principal legislation is The International Trusts Act 1996. Key features are as follows:
- The Trusts Act is based on English common law, extensively modernized to make it suitable for asset protection purposes.
- The settlor, protector and beneficiary may not be resident in Grenada in order to preserve tax exemption.
- Trusts need not be registered.
- The Trustee(s) (a minimum of one and a maximum of four) can be resident anywhere.
- The maximum perpetuity is 120 years.
- The law has spendthrift provisions.