Search and reserve company name
Agency: Corporate Affairs and Intellectual Property Office
In order to search and reserve a company name, the company must file in duplicate the name search and reservation form with the prescribed fee XCD 10.
Time and cost: 2 days, XCD 10
Lawyer prepares company statutes
Agency: Lawyer
As lawyers are often used in practice, this is the amount charged to prepare and have the companies statutes submitted. Fees are set by the Grenada Bar Association.
Time and cost: 2 days, XCD 2,500
Register with Corporate Affairs and Intellectual Property Office and receive company certificate
Agency: Corporate Affairs and Intellectual Property Office
The Corporate Affairs and Intellectual Property Act No. 19 of 2009 dated October 15th, 2009 has established the Corporate Affairs and Intellectual Property Office as a separate entity from the Supreme Court Registry where entrepreneurs used to file a statement of particulars.
Time and cost: 3 days, XCD 1,200
Make company seal
Agency: Seal making shop
Business founders can make a company seal at the Seal making shop.
Time and cost: 2 days, XCD 100
Register for taxes
Agency: Inland Revenue Department of Taxes
After the form is completed at the tax authority, the tax number is issued the next day.
Time and cost: 2 days, no charge
Register for social security
Agency: National Insurance Scheme (NIS)
Employer registration for social security is completed within a day of submitting the required forms at the National Insurance Scheme (NIS).
Time and cost: 1 day, no charge
