Grenada
Grenada: 3 company types, its taxes, banking and business environment.
Forming a company
Company types in Grenada
The 3 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Grenada. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Grenada.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Grenada: where to register, file and check.
Blocs and agreements
The trade arrangements Grenada belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- CARICOM Single Market and Economy
- Single market · since 2006
Covers goods, services, establishment, capital, movement of people, a common external tariff.
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They were Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
- OECS Economic Union
- Economic union · since 21 January 2011
Covers goods, services, establishment, capital, movement of people, a common external tariff.
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The British Virgin Islands, Anguilla, Martinique, Guadeloupe and Saint Martin are associate members of the OECS.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 28%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- 25 (currency not stated by the source)
VAT
The tax on what the company sells in Grenada, and when it must register, as the tax authority states it.
- Standard rate
- 15%
VAT Act Cap. 333A s.8(3): 15% standard; 0% on zero-rated supplies; 10% on accommodation (as amended by the 2014 Amendment Act) and on the dive portion of a dive package to the extent the Regulations provide.
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(e) in any other case, fifteen per cent.
- Other rates
- 0% Zero-rated supplies and imports (exports and others in the Schedules)
- 10% Supplies of accommodation
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(a) if the supply or import is zero-rated, zero per cent;
- Registration threshold
- XCD 300,000
value of supplies in the course of a taxable activity; any 12 months, or one-third in 4 months, or expected over the next 12 months
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A person is required to be registered under this Act if on the last day of any month— (a) the person exceeds the registration threshold in the period of twelve months ending on that day;
- Voluntary registration
- Yes
A person not required to register may apply at any time (s.13); the Comptroller registers the person if satisfied it makes taxable supplies, has a fixed place of business, will keep proper records and file regular returns, and has complied with other tax laws including customs.
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A person who is not required under this Act to be registered, may apply for registration at any time if the person makes, or intends to make, supplies that would be taxable if the person were registered
- A foreign company
- The same threshold applies; no local representative required
A non-resident supplier who exceeds the registration threshold must register (s.9(1)); it may choose not to register if all its taxable supplies and imports go through registered resident agents (s.9(6)), and a resident agent of a non-resident principal must register when the principal must (s.9(5)). The Act does not make a representative compulsory. Services supplied from abroad to a recipient in Grenada are dealt with by the reverse charge on the recipient (s.22).
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A non-resident supplier who is required to be registered, may choose not to apply for registration, if all the taxable supplies or imports made by the supplier are made through one or more resident agents who are registered.
- Returns filed
- Monthly
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“tax period” means a calendar month;
- Tax authority
- Registration page read 2026-10-22
Tax calendar
When the main returns and payments fall due in Grenada, tax year 2026, as the tax authority states it.
- Corporate tax return
- 90 days after the end of the accounting period · each year
The annual return of income is due within ninety days after the end of the basis period (s.65(1)): 31 March for a company with a 31 December year-end (30 March in a leap year). Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
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shall furnish a return in such form as may be approved by the Comptroller within ninety days after the end of the basis period
- Corporate tax, final payment
- 90 days after the end of the accounting period · each year
The final instalment of any balance of tax is paid on filing the annual return, which is due within ninety days after the basis period ends (s.93(3)). Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
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and the final instalment of any balance of tax upon filing his or her annual tax return within ninety days after the end of the basis period determined in accordance with section 11(2).
- Corporate tax, instalments
- Stated; see the note
Monthly instalments, each one-twelfth of the tax on estimated chargeable income (taken to be the preceding year's), are paid at the end of each calendar month (s.93(3), (5)). Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
- Personal income-tax return
- 90 days after the end of the calendar year · each year
The return is due within ninety days after the end of the basis period, which for an individual without business accounts to another date is the calendar year: 31 March. Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
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shall furnish a return in such form as may be approved by the Comptroller within ninety days after the end of the basis period
- Personal income tax, final payment
- 90 days after the end of the calendar year · each year
The final instalment of any balance of tax is paid on filing the annual return, due within ninety days after the basis period ends (s.93(3)). Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
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and the final instalment of any balance of tax upon filing his or her annual tax return within ninety days after the end of the basis period determined in accordance with section 11(2).
- Personal income tax, instalments
- Stated; see the note
Monthly instalments at the end of each calendar month (s.93(3)). An individual whose employment tax withheld under s.54 is at least three quarters of estimated chargeable income instead pays the remainder on or before 31 December of the year (s.93(10)); an individual whose only income is employment is outside s.93. Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
- VAT return
- 20 days after the end of the month · each month
Value Added Tax Act Cap. 333A, as published on the Parliament of Grenada site: the tax period is a calendar month (s.2) and a VAT return is lodged no later than twenty days after the end of the period (s.44(1)); the VAT is due by the same date (s.46(1)). The Tax Administration Act 2016 repeals only the penalty subsections of ss.44 and 46 when it is brought into force.
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A taxable person shall lodge a VAT return for each tax period no later than twenty days after the end of the period.
- Payroll withholding
- Day 7 of the following month · each month
Tax deducted from employees' remuneration is due and payable within seven days after the end of the month in which it was deductible (s.96(e)), so by the 7th of the following month. Income Tax Act Cap. 149 as published on the Parliament of Grenada site. The Tax Administration Act 2016 (commencement by Order; not checked whether in force) re-enacts s.65(1) with the same ninety days and leaves s.93 and s.96 untouched. The basis period is the twelve months to 31 December unless the person makes up business accounts to another date (s.11).
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shall be due and payable within seven days after the end of the month during which that tax was deductible.
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Grenada yet.
Economy and trade
What it exports
Goods Grenada exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Grenada’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304 HS 0302 | 33.3% | 25.2% | 31.9% | US$8 m |
| Nutmeg, mace and cardamoms HS 0908 | 28.0% | 21.5% | 18.5% | US$5 m |
| Fruit and nuts, uncooked or cooked by steaming or boiling in water, frozen, whether or not containing added sugar or other sweetening matter HS 0811 | 10.9% | 8.7% | 10.8% | US$3 m |
| Wheat or meslin flour HS 1101 | under 0.05% | 2.3% | 9.5% | US$2 m |
| Copper waste and scrap HS 7404 | 0.89% | 3.4% | 4.4% | US$1 m |
| Cocoa beans, whole or broken, raw or roasted HS 1801 | 4.2% | 2.1% | 3.6% | US$1 m |
| Other fruit, fresh HS 0810 | 5.5% | 3.0% | 2.6% | US$1 m |
| Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages HS 2208 | 1.6% | 2.9% | 1.9% | US$1 m |
| Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious-metal compounds, of a kind used principally for the recovery of precious metal other than goods of heading 8549 HS 7112 | 0.51% | 1.2% | 1.7% | US$0 m |
| Toilet paper and similar paper, cellulose wadding or webs of cellulose fibres, of a kind used for household or sanitary purposes, in rolls of a width not exceeding 36 cm, or cut to size or shape; handkerchiefs, cleansing tissues, towels, tablecloths, serviettes, bedsheets and similar household, sanitary or hospital articles, articles of apparel and clothing accessories, of paper pulp, paper, cellulose wadding or webs of cellulose fibres HS 4818 | 0.86% | 0.38% | 1.5% | US$0 m |
Total goods exports, 2024: US$26 m. The ten largest headings are shown.