Starting a Business - Grenada

No foreign-ownership restrictions apply across most sectors. The sole sector exception is primary fishing, which mandates at least 51% Grenadian ownership. U.S. and other foreign investors face no differential treatment relative to domestic investors.

There is no minimum authorized or paid-up share capital required to incorporate a company in Grenada, for either domestic or international business structures.

Formation requires 4 main procedures: (1) reserve company name at CAIPO; (2) file Articles of Incorporation with the Registrar of Companies; (3) register with the Inland Revenue Department for tax purposes; (4) register with the National Insurance Scheme (NIS) within 7 days of commencing operations. Total timeline is approximately 8 days for a sole proprietorship and 12 days for a company.

Foreign investors must appoint a local registered agent in Grenada to serve as the official contact for government communications. Non-resident directors and shareholders are otherwise permitted.

Inbound foreign investment is screened and approved by the Grenada Investment Development Corporation (GIDC), which also provides facilitation services including registration assistance and government liaison. No performance requirements are imposed on foreign investors.

There are no restrictions on the transfer of funds, profits, or dividends out of Grenada. Free movement of capital applies equally to foreign and domestic investors.