Grenada

Starting a Business in

Grenada

Listed below is a detailed summary of the bureaucratic and legal hurdles an entrepreneur must overcome in order to incorporate and register a new firm, along with their associated time and set-up costs.  It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income (GNI).

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standardized Company

  • Legal Form: Private Limited Liability Company
  • City: St. George's

About This Topic

To see indicator data for all economies, see the Starting a Business page. To see how economies rank, see the Rankings page.

No. Procedure Time to Complete Associated Costs
1 Search and reserve company name

To search and reserve a company name, the company must submit a business registration application along with the articles of incorporation, the notice of address, the notice of directors, and the request for company name search.
3 days XCD 10
2 Prepare and notarize company statutes

The amount charged to prepare and notarize company statutes is the registrar’s submission fee.
2 days XCD 2500
3 Register with Supreme Court Registry and receive company certificate; register with Internal Revenue Department and National Insurance Scheme

The Corporate Affairs and Intellectual Property Act No. 19 of 2009 dated October 15th, 2009 has established the Corporate and Deeds Registry as a separate entity from the Supreme Court Registry where entrepreneur used to file a statement of particulars. This has resulted in shorter times for registration of a company.
5 days XCD 1200
4 Register for taxes

After the form is completed at the tax authority, the tax number is issued the next day.
2 days no charge
5 Register for social security

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
* 6 Make company seal


2 days (simultaneous with previous procedure) XCD 75
* Takes place simultaneously with another procedure.
Explore Economy Data