Company for profit with share capitalGrenada
What it takes to form, own and run a private limited company in Grenada, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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a member or past member of a company is not liable as such for any of the debts or liabilities of the company.
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State address (if a natural person) or registered office (if a corporation).
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A company must have at least one director but a public company shall have no
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one or more persons may incorporate a company by signing and sending articles of incorporation to the Registrar
Form it
Who registers it
- Registry
- Registrar of the Supreme Court
- Formed without visiting
- Not in our records
- Formed online
- Not in our records
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- A share shall not be issued until it is fully paid, in money or in property or past service that is the fair equivalent of money (s.30(1)).
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A share shall not be issued until it is fully paid
Own it
Who may own and run it
- Directors
- At least 1 · none need live there
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A company must have at least one director but a public company shall have no
- Shareholders
- At least 1 · a company may be one
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State address (if a natural person) or registered office (if a corporation).
- Members
- At least 1 · one person may form it alone
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one or more persons may incorporate a company by
- A local company secretary
- Not required
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Every company shall have a secretary and may have one or more assistant secretaries, who, or each of whom—
- A local registered agent
- Not required
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A company shall at all times have a registered office in Grenada.
Each year, at the registry
- Annual registry fee
- 25 (currency not stated by the source)
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for filing annual return
- Accounts on the public record
- Small exempt
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the gross revenue of which, as shown in the most recent financial statements
- Audit for a small company
- Not required
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may resolve not to appoint an auditor.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Company for profit with share capital are in our records.
What is public
- Directors
- Public
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to examine, and to make copies of or extracts from, a document required by this
- Shareholders
- Public
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to examine, and to make copies of or extracts from, a document required by this
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 30%
A company is charged income tax on its chargeable income at 30 per cent (Income Tax Act Cap 149, Fifth Schedule).
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a company 30 per cent
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Grenada
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Winding-up, voluntary or by the court (s.370(1)); the Registrar may strike a company off the register that is not carrying on business (s.483(1) to (5)).
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The winding-up of a company may be either
- Statutory fee
- Not in our records
Every business in Grenada
VAT
- 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
Payment and banking services
None of the services whose lists we hold names Grenada. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Company for profit with share capital
- Identifier
- GD-COMPANY-FOR-PROFITA form ISO 20275 does not list.