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Grenada: Types of Company

Trusts

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.

 

 

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