Acquiring Citizenship by Investment in Grenada - The Ultimate Guide
In an uncertain world increasing numbers of people are looking for the security of a second citizenship for themselves and their families. A second passport can provide increased freedom to travel internationally, peace of mind, as well as enhanced financial security. Several Caribbean island nations offer citizenship to eligible applicants including the island of Grenada.
We put together this guide for investors wondering how to get citizenship of Grenada and considering applying for the island’s Citizenship by Investment Program. The Grenada Citizenship by Investment Program enables qualifying investors to apply for full citizenship in exchange for a significant investment in the nation’s economy. There are several approved investment routes available to investors. Our guide covers all aspects of the program from eligibility requirements, investment options and application costs through to the benefits of citizenship.
Introduction
In 2013 Grenada re-structured and re-launched a Citizenship by Investment Program which offers eligible applicants full citizenship in exchange for an investment in a designated real estate project or a financial contribution to the country’s economy.
Acquiring Citizenship by Investment in Grenada can offer a variety of benefits including personal security for you, your family and future generations as well as enhanced global mobility via visa-free travel to countries and territories worldwide.
Grenada’s citizenship program is unique in the Caribbean in offering successful applicants the opportunity to live and run a business in the USA under the non-immigrant E-2 Visa Program.
“Grenada’s citizenship program is unique in the Caribbean in offering successful applicants the opportunity to live and run a business in the USA under the E-2 Visa Program”
Benefits
Full Citizenship for Life
Successful applicants become full citizens with the right to live and work in Grenada and in other CARICOM (Caribbean Community) countries. Grenadian citizens also enjoy all the rights and privileges of citizenship of a Commonwealth country in the UK and other Commonwealth countries.
No Residency Requirement
Successful applicants are not required to permanently reside in Grenada but the option is available.
Visa-Free Travel Worldwide
Successful applicants receive a Grenadian passport which offers visa-free or visa on arrival access to approximately 144 countries worldwide, including the EU-Schengen area, the UK, China, Russia and Singapore.
USA E-2 Visa Eligibility
Grenada is the only Caribbean island with a citizenship program offering a path to eligibility to apply for the USA E-2 Visa which allows successful applicants to live and operate a business in the USA.
Financial Advantages
Grenada’s attractive tax regime offers freedom from inheritance tax, capital gains tax and wealth tax.
Fast Track Application Process
Thanks to a straightforward application process you could receive your new Grenadian passport in 3 to 4 months.
Family-Friendly Program
The program allows for family members to apply together, including spouses, children, parents and grandparents of the main applicant.
Dual Citizenship Permitted
Grenada recognizes dual citizenship so there is no requirement under Grenadian law for applicants to give up their current citizenship.
Requirements
Applicants for citizenship of Grenada must meet the following requirements:
- Must be at least 18 years of age
- Must be able of good character with no criminal record
- Must be able to make at least the required minimum investment
The following family members of the main applicant (or the main applicant’s spouse) can be included in the application:
- Spouse
- Dependent children aged under 18 the main applicant (or the main applicant’s spouse)
- Children aged 18 to 30 who are financially dependent on the main applicant
- Children aged 18 or over who are physically or mentally disabled, living with and fully supported by the main applicant
- Parents or grandparents of the main applicant (or the main applicant’s spouse) who are aged 55 or older and financially dependent
- Unmarried siblings of the main applicant (or the main applicant’s spouse)
Investment Options
- 1 Option 1 Real Estate Investment
An investment in an approved Grenada real estate project (N.B. the property must be held for a minimum of 5 years).
Joint investment: Minimum US $220,000.
Independent investment: Minimum US $350,000.
Search our Grenada Citizenship by Investment real estate for approved properties in Grenada.
- 2 Option 2 Financial Investment
A non-refundable financial contribution to Grenada’s National Transformation Fund (NTF).
Main applicant: US $150,000
Family of up to four members: US $200,000
Application Process
The application process involves the following steps:
- 1 Compile Application
Complete all required forms for the Grenada Citizenship by Investment Program in the English language and gather together all required supporting documents with the guidance and support of an authorized Agent. We can introduce you to a qualified and authorized Agent with experience of handling citizenship applications.
- 2 Submit Application
Submit application to Grenada’s Citizenship by Investment Committee (CBIC) via an authorized Agent for review and due diligence.
- 3 Application Review & Determination
The application will be thoroughly reviewed by the Citizenship by Investment Committee (CBIC). Applicants may be required to attend an interview. Strict due diligence (including AML (anti-money laundering), CTF (counter-terrorism financing) and criminal record checks will be conducted by multiple organizations including the CBIC, international due diligence firms and regional and international law enforcement agencies. Approval in principle or rejection is usually provided within a period of 90 days.
- 4 Conclude Investment
If approved, applicants are required to pay the balance of the required investment and the remaining fees.
- 5 Citizenship Granted
The passport(s) will then be made available for collection either in Grenada or at an Embassy or Consulate, usually within a period of 30 days. At this time successful applicants will take an oath of allegiance.
Real Estate
Searching for real estate approved for the Grenada Citizenship by Investment Program? Several of our property listings in Grenada are approved projects under the CIP program.
Several of the listings on our site are officially approved projects which means that an investment in to one of them provides eligibility to apply for citizenship of Grenada.
Search our Grenada Citizenship by Investment real estate options or contact us to discover your options.
Costs & Fees
Financial Contribution Route
- Main applicant: US $150,000
- Family of up to 4: US $200,000
Real Estate Investment Route
Besides the real estate investment outlined above, applicants are required to pay fees as follows:
- Main applicant: US $50,000
- Family of up to 4: US $50,000
- Additional family members: US $50,000
Additional Fees
In addition applicants are required to pay fees for due diligence, application and processing fees.
Find Out More
We would be delighted to discuss your options and consider whether the Grenada Citizenship by Investment Program would be a good fit for you.
To request a telephone callback, please complete the contact form and a specialist citizenship advisor will be in touch as soon as possible.
We look forward to hearing from you.