Grenada: Types of Company
'Offshore' businesses in Grenada are normally incorporated under the International Companies Act, Cap. 152.
For local businesses, other than as a requirement under the Fiscal Incentives Act (for manufacturing enterprises) there is no specific obligation for a business to be incorporated as a company. Thus an investor can form a sole proprietorship, a 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, Supreme Court:
- Articles of incorporation;
- A list of directors;
- Notice of address;
- Request for a name search.
Business names can be registered with the Registrar, Supreme Court Registry.