As part of strategic reforms to improve the business and investment climate in Grenada, the Dickon Mitchell administration has reduced the legal cost for a certificate of incorporation of a new business by 50% by amending the regulations of the 2014 Companies Act.
Published in the extraordinary Gazette dated 28 February is the amendment to the Companies Regulations, which provides for the cost to move from EC$1,200 to EC$600. “Regulation 28(1) (a) of the principal Regulations is amended by repealing the figure “$1,200.00” where it appears and substituting, therefore, the figure $600,” said the SRO made by Joseph Andall, Minister responsible for Trade.
