Grenada LLC

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.
Bearer shares allowed	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.