Company Act No. 35/1994, International Companies Act, 1996, Company Management Act, 1996 and Registration of Business Act made a series of regulations concerning registration, operation, liquidation and solutions to disputes of sole proprietorship or joint venture companies established in Grenada.
GCT Act No. 7/1995, Income Tax Law No. 36/1994 and Stamp Tax Act No. 36/1992 made regulations on taxation registration and tax payment of enterprise. The Taxation Law on Investment and Custom Imported & Exported Goods of SRO 37/1999 made regulations on transaction of goods import & export formalities, application for reducing taxes such as tariff and consumption tax, certification of origin of goods, as well as import & export taxes of special merchandise and permit by enterprise invested in Grenada.
Other relevant provisions concerning trade management
When opening and operating the following trading enterprises in Grenada, apart from transacting company registration and taxation registration, the relevant business permit is also required:
1. Permit for hotels (signed and approved by the administrative principal of the Ministry of Finance)
2. Permit for import trade (approved by Statistics Department of Ministry of Finance)
3. Permit for selling liquor (signed by judge of the local court)
4. Land ownership permit for foreigners (signed and approved by the administrative principal of Premier House)
5. Land development permit (verified and approved by Planning Bureau of Grenada - technical department of land development & control institute)
As a member country of CARICOM, CSME and OECS, Grenada should abide by all the regulations among the member countries as well as agreements on trade signed by the organization with the other countries(Cuba, Venezuela, Columbia, Dominica, etc.), and carry out trade with America, Canada and EU countries according to agreement of CBI, CARIBCAN, and Cotonou.
Procedures for registering enterprise in Grenada General enterprise:
1. Transact business registration at the registration office of the Supreme Judicial Court of Grenada;
2. Transact taxation registration at the national taxation bureau with business license of the court;
3. Transact relevant bank opening formalities;
4. The employer should transact registration of staff insurance at Grenada National Insurance Scheme with employee name list within one week after opening.
Offshore financial institution: Employing legal registration agent;
Transact operation registration at the Grenada International Financial Service Authority, GIFSA;
Transact taxation registration at the national taxation bureau with business license;
Transact insurance registration at the Grenada National Insurance Scheme.
400-0500-875 
