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Grenada: Types of Company

Introduction

This page was last updated on 29 October 2019.

'Offshore' businesses in Grenada are normally incorporated under the International Companies Act, cap. 152.

Other than the requirement under the Financial Incentives Act for manufacturing enterprises, local businesses are not specifically obliged to be incorporated as a company. Hence an investor can form a sole proprietorship, partnership or limited liability company. The usual form of business however, is a limited liability company and investors are encouraged to incorporate.

The following ownership forms are recognized: local investors alone; foreign investors alone; joint venture between foreign and local investors.

In accordance with the Companies Act 35/94 Part 1, one or more persons may incorporate a company by submitting the following documentation to the registrar at the Supreme Court:

  • articles of incorporation;
  • list of directors;
  • notice of address;
  • request for a name search.

Business names can be lodged at the Supreme Court Registry.

 

 

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