Register a company in Grenada

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PECULIARITIES OF REGISTRATION

Currently, offshore companies in Grenada are still functioning and it is possible to freely open an offshore company. But it should be known that there are some peculiarities of such procedure, which should be taken into account. They are:

Reporting should be conducted in a proper form, although it is practically no one to provide it, because there are no official controlling bodies of offshore companies.
It is mandatory to have a registered office directly in Grenada.
As for the authorized capital, in most cases it is the size of 50 000 dollars, although as a payment you need to make only 1 dollar.

For registration, it is possible for an offshore company to have one director and one owner. They can be directly corporate persons, but at the same time are not residents of the island of Grenada.

The name of the company must be completely different, that is, it must not have analogs in any other country.

To open an offshore company before you need to find out all the nuances, and you can use the services, for example, the company Legal Solutions, providing support for any business, the same applies to the opening of an offshore company to provide a full range of consulting, auditing and legal services in Ukraine.

ADVANTAGES OF OPENING AN OFFSHORE COMPANY

If the conditions regarding the registration procedure are met, the applicant is authorized to place funds in the offshore of Grenada. Also, it should be noted some advantages that actually attract businessmen not only from Ukraine. They are considered:

• within 20 years there is no need to pay tax;
• the absence of government and other fees;
• inheritance deposits are not taxed;
• when increasing profits or capital tax is not charged;
• work can be carried out on any international markets.

But there are some disadvantages to registering an offshore company in Grenada. They consist in the fact that the received profit transferred to the offshore company cannot be used immediately or be directed for re-investment.

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