Grenada: Types of Company
This page was last updated on 29 October 2019.
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.
- The settlor, protector and beneficiary need not be resident in Grenada to preserve tax exemption.
- Trusts need not be registered with the government, and confidentiality laws are watertight.
- 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.