For those considering company formation in Grenada, here is a precise overview of the typical costs and annual maintenance fees for establishing and running a standard Private Limited Company. This guide covers the primary outlays and ongoing expenses relevant for the 2025 regulatory environment, providing verified figures sourced from Grenada’s official agencies.
Summary of Company Creation Costs in Grenada (2025)
The table below breaks down the most common expenses incurred when registering a Private Limited Company in Grenada. All amounts are in East Caribbean Dollars (XCD), the national currency. For context, 1 XCD ≈ 0.37 USD (as of early 2025).
| Cost Item | Amount (XCD) | USD Equivalent (≈) |
|---|---|---|
| Minimum capital requirement | $0 | $0 |
| Name reservation fee | $25 | $9 |
| Company registration fee (Articles of Incorporation) | $750 | $277 |
| Stamp duty | $10 | $4 |
| Legal/Professional fees (average) | $400 | $148 |
| Business license application fee | $15 | $6 |
| Total Average (2025) | $1,200 | $444 |
Notably, Grenada imposes no minimum capital requirement, making the jurisdiction attractive for flexible formations. The single largest component is the official company registration fee, supplemented by moderate legal/professional expenses if you choose to engage a lawyer or accountant for the company setup process.
Annual Maintenance and Operating Costs
A Private Limited Company in Grenada faces certain recurring fees and compliance-related costs each year. These typically cover regulatory filings, business license renewal, and basic financial record keeping. See the table below for the most common annual charges:
| Annual Expense | Amount (XCD) | USD Equivalent (≈) |
|---|---|---|
| Annual return filing fee | $100 | $37 |
| Business license renewal fee | $15 | $6 |
| Accounting/Bookkeeping (minimum, small company) | $100 | $37 |
| Accounting/Bookkeeping (average, small company) | $600 | $222 |
Depending on the size and complexity of your business, yearly maintenance costs generally range between XCD $215 (≈ $80 USD) and XCD $900 (≈ $333 USD). Accounting fees make up the bulk of this annual expense, with actual outlays varying by transaction volume and service provider.
The Bottom Line on Company Formation and Annual Costs
Grenada remains a competitive option for company formation with transparent, moderate establishment and operational fees. With no minimum capital requirement and streamlined government charges, setting up a Private Limited Company is both cost-efficient and straightforward compared to many other jurisdictions.
Official Sources and Reference Links
Pro Tips for Company Setup and Annual Operations in Grenada
- Verify official fee schedules directly with the Grenada Registry before applying, as occasional administrative updates may occur.
- If your company’s activity level is low, opt for the minimum accounting services to keep annual costs down.
- Retain all receipts and official documents related to company setup and renewals, as these can be useful for compliance queries or future audits.
- Consult a local professional for setup if you are unfamiliar with Grenada’s regulatory procedures; the average legal/accounting cost (XCD $400) is often money well spent for seamless compliance.
When weighing Grenada for your company’s jurisdiction, consider the integrated benefits: no minimum capital requirements, predictable annual cost structures, and a transparent government process. For professionals seeking a clear, efficient setup with moderate yearly maintenance, Grenada holds practical appeal—provided all compliance details are observed closely.