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How to start a business in Grenada as a foreigner (2026)

Starting a business in Grenada as a foreigner: easy.

Grenada maintains an open, non-discriminatory investment climate, applying identical laws and regulations to foreign and domestic investors. There is no minimum share capital requirement and no foreign-ownership cap across most sectors. Company registration is straightforward, requiring 4 procedures and typically 8-12 days to complete.

Last verified Official sources first · MethodologyCompare Grenada with other countries

Legal framework

Grenada Companies Act (Cap. 241), administered by the Corporate Affairs and Intellectual Property Office (CAIPO); investment facilitation by the Grenada Investment Development Corporation (GIDC)

Key points: starting a business in Grenada

  1. Foreign Ownership Limits

    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.

    state.gov state.gov

  2. Minimum Capital Requirement

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

    state.gov

  3. Registration Steps & Timeline

    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.

    grenadachamber.org businessgrenada.com

  4. Local Registered Agent Requirement

    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.

    state.gov investingrenada.gd

  5. Investment Screening via GIDC

    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.

    gidc.gd state.gov

  6. Capital & Profit Repatriation

    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.

    state.gov investingrenada.gd

Sources

  1. state.gov/reports/2025-investment-climate-statements/grenada
  2. state.gov/wp-content/uploads/2025/09/638719_2025-Grenada-Investment-Climate-Sta
  3. gidc.gd/
  4. investingrenada.gd/
  5. grenadachamber.org/register-business-steps/
  6. businessgrenada.com/starting-a-business/

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Orientation, not legal advice: verify against the primary sources linked above. Last verified 24 May 2026. Methodology & how to cite · State of Technology Regulation 2026