Government of Grenada
Starting a business in Grenada (easy)
What to set up first when you start a business in Grenada, in the order that saves you trips, and the government services that handle each step.
Choose and register your business name
Your first legal step is registering the name you will trade under. Run a name search to check it is available, then register it with the Corporate Affairs and Intellectual Property Office. Do this before you print signs or order stock, in case your first choice is taken.
Have two or three name options ready, and decide whether you are registering as a sole trader or a partnership, because every partner must sign.
Registration fees
What you pay depends on the type of business you are registering. A sole trader or business name costs the least; a company costs more and carries a higher annual return fee. These figures are illustrative in this alpha and are being verified.
| Business type | Registration fee | Annual return fee |
|---|---|---|
| Sole trader / business name | EC$25 | EC$25 |
| Private company | EC$200 | EC$100 |
| External company | EC$300 | EC$150 |
Register for tax
Once you are trading, you have tax obligations. If you take on staff, you must deduct Pay As You Earn from their wages and file a return every month. If your turnover passes the VAT threshold, you must register for VAT and file monthly as well. Both are handled on the Inland Revenue Division's online portal, and a nil return is still required even in a month with no activity.
Plan for staff and contributions
Anyone you employ must be registered for National Insurance, and you pay contributions on their behalf. Keep clean payroll records from day one, gross pay, allowances and deductions per worker, because the same figures feed your PAYE return and your NIS contributions.
Services in this guide
These are the government services this guide points you to. Tap one to see what you need, what it costs, and how to do it.
Last reviewed 1 June 2026
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