Non-profit company (company without share capital)Grenada
What it takes to form, own and run an other legal form 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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A non-profit company shall have no fewer than three directors.
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that the company has no authorised share capital and is to be carried on
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Without the prior approval of the Attorney-General, no articles shall be accepted
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
- Not applicable: a non-profit company has no authorised share capital (s.329(b)), so no shares are issued or paid up.
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that the company has no authorised share capital and is to be carried on
Own it
Who may own and run it
- Directors
- At least 3 · none need live there
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A non-profit company shall have no fewer than three directors.
- Shareholders
- Does not apply
- 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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This Part applies to every company without share capital, in this Act called a
- A local registered agent
- Not required
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This Part applies to every company without share capital, in this Act called a
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
- Yes
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is exempted from sections 149 to 156 of the Act but the
- Audit for a small company
- Required
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by the report of the auditor of the company and must be approved by the directors of the
- Audit
- The annual financial statement must be accompanied by the report of the auditor (Companies Regulations, reg. 29(2)).
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by the report of the auditor of the company
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Non-profit company (company without 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
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 30%
A company is charged income tax at 30 per cent (Fifth Schedule); income of a religious, charitable or educational institution of a public character is exempt in so far as not derived from business carried on for profit (s.25(1)(q)). Whether a given non-profit company qualifies depends on its purpose and activities.
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a company 30 per cent
- 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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Where the Registrar has reasonable cause to believe that a company is not
- 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
- Other legal formDerived our grouping, the same words in every country
- Name in law
- Non-profit company (company without share capital)
- Identifier
- GD-NON-PROFIT-COMPANYA form ISO 20275 does not list.