Grenada's Citizenship by Investment Programme
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About Grenada
The state of Grenada is located between the Caribbean sea and consists of three islands: Grenada, Carriacou and Petite Martinique. Grenada has a population of around 110.000 and consists of 344 sq. kilometres.
The exotic, friendly and modern island which is also popularly known as “The Spice Island”, due to the myriad of locally grown spices, has become a preferred destination for many high net worth investors to visit and live.
Grenada offers a lifestyle so pure and authentic that you feel instantly renewed. This English-speaking nation has some of the friendliest people in the Caribbean, so, even if you happen to get lost, you will surely encounter other aspects of Grenada's vibrant culture and hospitality.
Grenada's Citizenship by Investment Program
The independent island of Grenada re-launched its Citizenship by Investment programme in August 2013 when the Grenadian Parliament passed the Citizenship by Investment Act No. 15 of 2013. Presently, there are two options available for an applicant to apply for Citizenship by Investment: by donation to the National Transformation Fund (NTF) or by acquisition of government-approved real estate. The donation option in Grenada is a two-step process which takes more than 12 months.
The stated objective of the Grenada's citizenship by investment programme is to enable persons to acquire permanent residency and citizenship of Grenada by registration following investment in Grenada.
Grenada's programme is considered to be the most 'family-friendly' out of all the other Caribbean citizenship by investment programmes as it does not charge exorbitant processing and due diligence fees for spouses and family members, and also allows the possibility for a newborn child to obtain citizenship for a very low cost.
Investment Options
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Grenada's Citizenship for Foreign Investors
To qualify for citizenship of Grenada, the primary applicant must be over 18 years old, meet the application requirements and select one of the following investment options:
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DONATION OPTION: The National Transformation Fund (NTF) |
|
|
Main Applicant |
Main Applicant and Spouse |
Family of four |
Additional dependents |
|
Donation Amount |
US$150.000 |
US$200.000 |
US$200.000 |
US$25.000 for each additional dependant
|
|
Processing Fees |
US$1.500
main applicant |
US$1.500 for main applicant
US$1.500 for spouse |
US$1.500 main applicant
US$1.500 spouse and dependant children above 18
US$500 dependents below the age of 18
|
US$1.500 per application for persons over the age of 18
US$500 dependents below the age of 18 |
|
Due Diligence Fees |
US$5.000
main applicant |
US$5.000 main applicant
US$5.000 for spouse
|
US$5.000 main applicant
US$5.000 for spouse
US$5.000 (for children and dependants above 16) |
US$5.000 main applicant
US$5.000 for spouse
US$5.000 (for children and dependants above 16) |
|
Application fees of US$1.500 applies for each person |
|
INVESTMENT IN REAL ESTATE OPTION |
|
|
|
Main applicant |
Main Applicant and Spouse |
Family of four |
Additional Dependents |
|
Investment Minimum |
US$350.000 |
US$350.000 |
US$350.000 |
US$350.000 |
|
Processing Fees |
US$1.500 |
US$1.500 for main applicant
US$1.500 for spouse |
US$1.500 main applicant
US$1.500 spouse and dependant children above 18
US$500 dependents below the age of 18 |
US$1.500 dependents above the age of 18 |
|
Due Diligence Fees |
US$5.000 |
US$5.000 main applicant
US$5.000 for spouse
|
US$5.000 main applicant
US$5.000 for spouse
US$2.000 for children between 17-25 |
US$5.000 children between 17-25 |
|
Government Fees |
US$50.000 |
US$50.000 |
US$50.000 |
US$25.000 for each additional dependent after the third dependant |
|
Application fees of US$1.500 applies for each person |
Additional Requirements
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Clean criminal record certificate
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Good health
Application Process
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Procedure for Grenada's Citizenship by Investment application
We set-out below the steps of the process of applying for citizenship of Grenada:
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Preparation and filling of application forms
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Submission of applications and supporting documentation
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Government processing of the applications and due diligence checks (est. 10 weeks)
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Government approval of application
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Investment in real estate or contribution to the National Transformation Fund (NTF)
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Issuance of citizenship certificate
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Application for passport and issuance of passport
The process to obtain citizenship of Grenada is expected to take up to 6 months following the submission of the applications to the authorities.
For more information on Grenada's citizenship by investment programme please contact us at grenada@onecitizen.com.
The Benefits of Grenada Citizenship by Investment
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There is no requirement to visit Grenada to qualify for citizenship and no physical residency requirements
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There are no restrictions on dual citizenship
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A Grenada passport allows visa-free travel to more than 115 countries, including all EU countries, the UK, Ireland, Caribbean and Commonwealth Nations and provides the opportunity to obtain an E2 Visa for the USA. It is also one of the three countries in the world with 30 days visa free access to China
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Full citizenships are received by the applicant and his family, which can also be passed onto descendants
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Grenada does not impose any tax on worldwide income, wealth or inheritance
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No interview, no education or managerial experience is required to qualify for citizenship
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The application process is private and the granting of the citizenship is at the sole discretion of the government
Successful applicants can benefit from visa-free and visa-on-arrival travel to more than 130 countries, including all EU countries, the UK, Ireland, Russia, Caribbean and Commonwealth Nations as well as have the opportunity to obtain the USA E-2 visa. It is strongly advisable that the relevant Government authorities and agencies are contacted prior to travel arrangements made.