Grenada Citizenship by Investment

$150,000.00

Approval: 4-6 months
No Tax: International Income
Visa Free: 135+ countries
Investment: Donation, Real Estate

Grenada has the sweet smelling distinction of being the Spice Island of the Caribbean. Literally, you can smell the sweetness of nutmeg in the air while you are enjoying the beautiful beaches. Indeed, the Grenada citizenship by investment program is truly a Caribbean treasure that combines natural wonders with a secure future for your family, assets and business.

Since the establishment of Grenada economic citizenship in 2013, applicants from all nationalities who relish global freedom can obtain lifelong Caribbean citizenship. As a result, successful applicants obtain a passport from a politically neutral country with no residency requirement, no local income tax, E2 visa eligibility, plus visa free access to China, Russia, EU, Brazil and more!

Grenada economic citizenship has also recently introduced very competitive options for families which allows siblings, parents and grandparents of the main applicant or spouse to be included on the application. Furthermore, Grenada now includes adult children up to 30 years old without being enrolled in higher education.

  1. Basic Facts About Grenada
  2. Key Grenada Citizenship Benefits
  3. National Transformation Fund
  4. Real Estate Investment Option

Location of Grenada

Location of Grenada Islands area map

The Caribbean island nation of Grenada is located in the southern part of the Grenadines Island group at the tail end of the Windward Islands in the Lesser Antilles island archipelago.

The island nation consists of 7 islands with the largest and main island being Grenada. The next largest in size are the islands of Carriacou and Petite Martinique. Additionally, Grenada citizenship benefits include easy access to Venezuela, Trinidad and Tobago and the vast continent of South America.


Travel Options to Grenada

Maurice Bishop International Airport is located on the Island of Grenada. The airport is accessible throughout the Caribbean Islands and also major cities such as Caracas, Miami, New York, Toronto, London and Frankfurt.

International Travel Map

Furthermore, cruise ships depart from both Miami and Puerto Rico and feature Grenada as a regular port of call. If you have your own ocean vessel then you will find plenty of marinas where you can clear customs and immigration. Plus, you can purchase supplies on the islands and anchorage services are available in most bays and inlets.


Basic Facts About Grenada Economic Citizenship

About 2 million years ago the volcanic rumbling from the ocean floor gave birth to the beautiful island of Grenada. As a result of the volcanoes, Grenada citizenship benefits include fertile soil and the mountainous interior of the islands. Therefore, visitors can enjoy the world class beaches and then hike into the world’s most beautiful waterfalls in the same day!

Capital & Largest City: St George located on the Island of Grenada
Independence from UK: February 7, 1974
Total Population: 109,590 2012 census
Nominal Gross Domestic Product: $1,000,000,000 2016
Local Currency: East Caribbean Dollar
Spoken Language: English
Political System: Constitutional Monarchy
Legal System: English Common Law
Total Area: 344 sq kilometers/133 sq miles

Grenada Geography


Grenada Economic Citizenship Benefits

    1. USA E-2 Visa Grenada E-2 visa eligibility is one of the most coveted Grenada citizenship benefits. The E-2 visa basically allows a investor to reside and work inside the US for a period of 2 years at a time. However, the visa is renewable as long as you maintain a satisfactory investment under the program.
    2. Low Taxes Grenada economic citizenship requires no taxes on international income, no wealth tax and no inheritance tax. Also, none of the Caribbean countries impose any offshore asset disclosure requirements e.g. FBAR.
    3. 100% Legal Program The constitution of Grenada includes the Grenada Citizenship By Investment Act of 2013 and set forth the requirements and objectives of the Grenada Citizenship by investment regulations.
    4. Best Family Program Grenada citizenship benefits include a family friendly program that allows addition of siblings, parents and grandparents to the application.
    5. World Class University The internationally esteemed St. George’s University is located on Grenada Island and has accredited medical, veterinary, arts and science education facilities.
    6. No Residency Requirement There is no requirement to ever visit the island in order to obtain or retain Grenada citizenship.
    7. No Restricted Nationalities Grenada economic citizenship does not preclude any nationalities from qualification for the program.
    8. Visa Free Travel Grenada citizenship benefits include visa free access to Russia, China, Brazil, Cuba, Hong Kong and Singapore. Additionally, Grenada citizenship visa free countries includes all of the European Union, United Kingdom, Commonwealth Nations and Caribbean countries. In total, Grenada citizenship by investment will get you visa free access to 135+ countries.

Grenada Passport Visa Free Countries 2020

Andorra, Antigua and Barbuda, Argentina, Armenia [visa on arrival], Austria, Bahamas, Bahrain [eVisa], Bangladesh, Barbados, Belgium, Belize, Benin [eVisa, visa on arrival], Bolivia [visa on arrival], Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Cambodia [visa on arrival], Cape Verde [visa on arrival], Chile, China, Columbia, Comoros [visa on arrival], Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti [eVisa], Dominica, Dominican Republic, Ecuador, Egypt [visa on arrival], Estonia, Eswatini, Ethiopia [eVisa], Fiji, Finland, France, Gabon [eVisa], Gambia, Georgia [eVisa], Germany, Greece, Guinea-Bissau [visa on arrival], Guyana, Haiti, Hungary, Iceland, India [eVisa], Indonesia, Iran [visa on arrival], Ireland, Israel, Italy, Jamaica, Jordan [visa on arrival], Kenya, Kiribati, South Korea, Kyrgyzstan [eVisa], Laos [eVisa, visa on arrival], Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Madagascar [eVisa, visa on arrival], Malawi, Malaysia, Maldives [visa on arrival], Malta, Mauritania [visa on arrival], Mauritius, Micronesia, Moldova, Monaco, Montenegro, Mozambique [visa on arrival], Nepal [visa on arrival], Netherlands, Nicaragua [visa on arrival], Norway, Pakistan [online visa], Palau [visa on arrival], Panama, Papua New Guinea [visitor’s permit], Peru, Philippines, Poland, Portugal, Qatar [eVisa], Romania, Russia, Rwanda [eVisa, visa on arrival], Samoa [entry permit on arrival], San Marino, Sao Tome Principe [eVisa], Senegal [visa on arrival], Serbia, Seychelles [visitor’s permit on arrival], Sierra Leone [visa on arrival], Singapore, Slovakia, Slovenia, Solomon Islands [visitor’s permit on arrival], Somalia [visa on arrival], Spain, Sri Lanka [eVisa], Suriname, Sweden, Switzerland, Tajikistan [eVisa], Tanzania, Timor-Leste [visa on arrival], Togo [visa on arrival], Trinidad and Tobago, Turkey [eVisa], Tuvalu [visa on arrival], Uganda, Ukraine [eVisa], United Arab Emirates [visa on arrival], United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Zambia, Zimbabwe

DEPENDENT, DISPUTED OR RESTRICTED TERRITORIES

Kosovo, Northern Cyprus, Palestine, Somaliland [visa on arrival], South Ossetia, Transnistria

DEPENDENT OR AUTONOMOUS TERRITORIES

Ascension Island [eVisa], Anguilla, Aruba, Bermuda, British Virgin Islands, Caribbean Netherlands, Cayman Islands, Cook Islands, Curacao, Gibraltar, Montserrat, Hong Kong, Macau, Faroe Islands, Greenland, French Guiana, French Polynesia, French West Indies, Mayotte, New Caledonia, Reunion, Saint Pierre and Miquelon, Wallis and Futuna, Sint Maarten, Niue, Akrotiri and Dhekelia, Pitcairn, St Helena [visa on arrival], Turks and Caicos 


Grenada National Transformation Fund

The Grenada citizenship by investment regulations envisioned 2 paths to citizenship. The first option is called the National Transformation Fund (NTF). This option was created by the government in order to provide funding for important economic segments of the island’s economy.

These important economic segments include tourism, agriculture and alternative energy. Successful applicants will be required to undergo a thorough application process and if successful, submit a non refundable per person investment amount.

Program Cost Donation Amount
Investment $150,000 single applicant
$200,000 main applicant + up to 3 dependents
$25,000 each additional dependent
$75,000 per sibling of main applicant
$50,000 per parent/grandparent <55
$75,000 dependent parent <55 family of five or more
Due Diligence $7,500 main applicant
$5,000 spouse
$5,000 dependents >16
Government Processing Fees $1,500 main applicant
$1,500 spouse
$1,500 dependent >18
$500 dependent <18
Government Application Fees $1,500 per person
Passport $270 per person

Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.

Application Process for the NTF:

  1. The investor signs the professional agreement with New Passport Pro and fills in the application forms completely. The forms are submitted for review along with all of the required supporting documents. Due diligence fees, application fees and a portion of the professional fees are submitted.
  2. The applicant’s due diligence period begins and usually takes about 2 months.
  3. After the due diligence examination is completed then the CBIU issues the application approval letter. If successful, the government donation is submitted.
  4. The CBIU then procures the citizenship naturalization documents and passport and then delivers them to our agency.
  5. After the documents are received they are sent to the investor via a reliable delivery service.

Real Estate Development - Grenada Citizenship By Investment

Grenada Citizenship Real Estate Investment Option

The Grenada citizenship by investment real estate option was also included to support the local tourism industry. This path to citizenship requires that investors purchase government approved real estate for a minimum purchase price of $350,000 and complete the other application requirements.

The investor is allowed to sell the property at the end of a 4 year period and still retain their Grenada citizenship. The Grenada citizenship cost under the real estate option is broken down in the table below:

Program Fees  Amounts Due
Real Estate Investment $220,000 irrespective of the number of applicants*
Due Diligence $7,500 main applicant
$5,000 spouse
$5,000 dependents >16
Government Fees $50,000 main applicant
$35,000 spouse
$35,000 dependents >18
$25,000 dependents <18

Government Processing Fees $1,500 main applicant
$1,500 spouse
$1,500 dependent >18
$500 dependent <18
Government Application Fees $1,500 per person
Passport $270 per person

*$220,000 purchase price assumes it is a shared property. Otherwise, for sole ownership the minimum purchase price is $350,000

Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.


Application Process for the Real Estate Option:

  1. The investor enters into a purchase and sale agreement for the government approved real estate and submits 10% to 20% down payment. (Purchase can be made contingent on citizenship approval.) Additionally, the investor enters into a professional agreement with our agency and submits a portion of the professional fees.
  2. All application forms are completed and required documentation is collected for review by our legal team. The remaining professional fees along with the application and due diligence fees are submitted in full.
  3. The applicant transfers the full investment amount to the designated attorney controlled Grenada escrow account.
  4. The required documents are submitted along with the application.
  5. Upon approval the CBIU will issue the certificate of naturalization. The passport application is then submitted to the department of immigration and when received it is sent to the applicant by reputable delivery service.

Application Package Form(s):

Annex 1 – Registration of Electronic Signature
Annex 2 – Family Members
Annex 3 – Application Form
Annex 3 – Supplement – Particulars related to applicants
Annex 4 – Privacy and Information Release Form
Annex 5 – Criminal Record Verification Form
Annex 6 – Birth or Adoption Records
Annex 7 – Verification of Support of Dependents over the age of 11
Annex 8 – Medical Health Certification
Annex 9 – Statement of Source of Funds
Education History/Employment History
Application Checklist – Schedule II Form 1
Know Your Client Form
Application for a Grenadian Passport Form


Additional Supporting Document(s):

10 current color passport size photos, Color copies of all passports possessed, Color Copy of all National ID documents, Certified copy of all marriage and divorce certificates, Original professional reference, Original Bank Reference, Resume or CV, Required Affidavits (as required in support of annex 7), Certified diplomas and school transcripts for dependents 18-25 years old (if applicable), Original police certificate and criminal records verification (annex 5), Original birth certificate or Adoption records, Medical health certificate with HIV results, Statement of Source of funds – adequate documentation is required (annex 9), Original Proof of Residential Address