The Government of Grenada recognizes that with the growing number of small and medium businesses in the region, a focus on ease of doing business is vital to support the country’s economic growth. In simplifying business regulation, setting up businesses is made easier not just for big companies but also smaller ones that have less capital and resources at their disposal. With the objective of creating and strengthening an open and fair economic environment, ease of doing business can benefit businesses and local citizens by facilitating access to economic opportunities, lowering transactions costs, and reducing the potential levels of corruption that can exist.
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S.No. |
Indicator |
Parameters |
Ministry |
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1. |
Procedures, time, cost and paid-in minimum capital to start a limited liability company |
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2. |
Procedures, time and cost to complete all formalities to build a warehouse and the quality control and safety mechanisms in the construction permitting system |
Ministry Of Infrastructure Development, Public Utilities, Energy, Transport And Implementation |
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3. |
Procedures, time and cost to get connected to the electrical grid, the reliability of the electricity supply and the transparency of tariffs |
Ministry Of Infrastructure Development, Public Utilities, Energy, Transport And Implementation |
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4. |
Procedures, time and cost to transfer a property and the quality of the land administration system |
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5. |
Movable collateral laws and credit information systems |
Ministry Of Finance, Planning, Economy, & Physical Development |
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6. |
Minority shareholders’ rights in related-party transactions and in corporate governance |
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7. |
Payments, time and total tax rate for a firm to comply with all tax regulations as well as post-filing processes |
Ministry Of Finance, Planning, Economy, & Physical Development |
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8. |
Time and cost to export the product of comparative advantage and import auto parts |
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9. |
Time and cost to resolve a commercial dispute and the quality of judicial processes |
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10. |
Time, cost, outcome and recovery rate for a commercial insolvency and the strength of the legal framework for insolvency |
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11. |
Flexibility in employment regulation and aspects of job quality |
*Not included in EODB rankings
For more information download Doing Business 2020.
