Grenada LLC

Tax havens like Grenada have stood out for strong privacy laws and reassured tax savings for offshore companies and entities. As an offshore haven, Grenada continues to stand the test of time in providing international investors with quality company formation and professional services. Grenada offshore business entities enjoy full tax exemption on all activities. Both offshore companies and their shareholders are sheltered from withholding taxes on interest and dividends earned, while capital gains are tax-free. Additional taxes such as death tax, inheritance, succession, transfer and gift tax are not applicable to Grenada offshore companies. These tax exemptions are guaranteed to all Grenada offshore companies for a twenty (20) year period.

 

Key Features

Grenada LLC

Corporate Details

General

  • Type of Entity

LLC

  • Registered Office in Grenada

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

5-6 Weeks

  • Corporate Taxation

Exempt for 20 years

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US Dollar

  • Permitted currencies

Any

  • Minimum paid-up

None

  • Usual authorized

USD 50,000.

Yes

  • No par value shares allowed

Yes

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

 

Advantages

  1. While there is no specific minimum capital requirement, the standards authorized share capital is US$50,000. Permitted share types are registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
  2. All Grenada exempt corporations must appoint an official Company Secretary. That can be a corporate body or an individual.
  3. The filing requirements for Grenada International Companies are minimal; there is no requirement to file audited account, no requirements to file annual returns with local tax authorities. Actually, the Grenada offshore company is only required to keep financial records that reflect the company’s financial position.
  4. There is no requirement for a General meeting and meetings of the directors and shareholders can be held in any country by telephone or other communication devices.

 

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.