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Ease of Doing Business in

Grenada

Grenada Download Profile (1706.1KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 106,825
GNI Per Capita (US$) 8,430
City covered St. George's

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 138 131 down
7
53.75 53.93 down
0.18
Starting a Business 77 74 down
3
87.02 86.84 up
0.18
Dealing with Construction Permits 105 104 down
1
67.64 67.61 up
0.03
Getting Electricity 66 54 down
12
76.40 79.44 down
3.04
Registering Property 137 138 up
1
50.15 50.16 down
0.01
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 123 118 down
5
45.00 45.00
-
Paying Taxes 132 130 down
2
60.44 60.44
-
Trading across Borders 126 126
-
61.52 60.50 up
1.02
Enforcing Contracts 76 76
-
59.33 59.33
-
Resolving Insolvency 169 169
-
0.00 0.00
-

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 77

DB 2016 Rank: 74

Change in Rank: down3

DB 2017 DTF (% points): 87.02

DB 2016 DTF (% points): 86.84

Change in DTF (% points): up0.18

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: XCD 0
City: St. George's
Indicator Grenada Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 6.0 8.3 4.8
Time – Men (days) info_outline 15.0 31.6 8.3
Cost – Men (% of income per capita) info_outline 15.8 31.5 3.1
Procedure – Women (number) info_outline 6.0 8.3 4.8
Time – Women (days) info_outline 15.0 31.6 8.3
Cost – Women (% of income per capita) info_outline 15.8 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Search and reserve company name

    Agency: Corporate Affairs and Intellectual Property Office

    In order to search and reserve a company name, the company must file in duplicate the name search and reservation form with the prescribed fee XCD 10.
    3 days XCD 10
    2

    Lawyer prepares company statutes

    Agency: Lawyer

    As lawyers are often used in practice, this is the amount charged to prepare and have the companies statutes submitted. Fees are set by the Grenada Bar Association.
    2 days XCD 2,500
    3

    Register with Corporate Affairs and Intellectual Property Office and receive company certificate

    Agency: Corporate Affairs and Intellectual Property Office

    The Corporate Affairs and Intellectual Property Act No. 19 of 2009 dated October 15th, 2009 has established the Corporate Affairs and Intellectual Property Office as a separate entity from the Supreme Court Registry where entrepreneurs used to file a statement of particulars.
    5 days XCD 1,200
    4

    Make company seal

    Agency: Seal making shop

    Business founders can make a company seal at the Seal making shop.
    2 days XCD 69
    5

    Register for taxes

    Agency: Inland Revenue Department of Taxes

    After the form is completed at the tax authority, the tax number is issued the next day.
    2 days no charge
    6

    Register for social security

    Agency: Social Security Institute

    Employee registration for social security is completed within a day of submitting the required forms at the National Insurance Scheme (NIS).
    1 day no charge