With a population of around 110,000 on the island of 344 km2 (133 mi2), the ‘Spice Isle’ is one of the most beautifully lush islands in the West Indies. Naturally exotic, Grenada’s breathtaking scenery includes mountain waterfalls and golden beaches surrounded by tropical rain forests. The view is appealing even to the most discerning world traveler. This mix of unspoiled authentic Caribbean of yesteryear and friendly and modern lifestyle today, makes it the perfect place to live and play.

In 2013, the independent island nation of Grenada re-launched their Citizenship by Investment Programme.

Advantages of Grenada Citizenship by Investment Programme:

Efficiency: A speedy application process; a law mandates that routine applications will be approved within 90 days of submission, with the passport issued immediately thereafter. (The application must be submitted after the background checks have been performed.)
Good Visa-Free Travel: The Grenada passport allows visa-free travel to more than 140 countries.
Family Friendly: By not charging exorbitant processing and due diligence fees for spouses and family members, Grenada is an attractive option for international businessmen looking for security and travel options for their families.
Zero Tax: The island has no income, wealth or inheritance taxes.
World Class University: Grenada is home to St. Georges University, anaccredited medical, veterinary and arts & science educational institution.
There is no requirement to visit Grenada in order to qualify for citizenship.

Investment Opportunities

I. Government Donation to National Transformation Fund (NTF)

In order to qualify for this programme, the applicant makes a donation to the government-controlled National Transformation Fund (NTF). This option allows one to complete the process in two stages: the permanent residence stage and the citizenship application stage. However, you can apply directly for citizenship only.

NTF DONATION AMOUNTS

The minimum investment is US$150,000 for a single applicant and US$200,000 for a family of 4 (four). Additional fees apply per family member.

ESTIMATE NTF QUOTATION FOR A FAMILY OF 4 (2 minors children = under 17)

Contribution: US$ 200,000
Due Diligence Investor: US$ 5,000
Due Diligence Spouse: US$ 5,000
Application Fee for Family: US$ 1,500 (per person)
Processing Investor: US$ 1,500
Processing Spouse: US$ 1,500
Processing Children under 12: US$ 500 (per person)
Passport Fee: US$ 200 (per person)
Oath Fee: US$ 18,6 (per person)
VAT For Escrow Fees Amount: US$ 1,950

II. Real Estate Investment

To qualify, the applicant must invest in approved real estate with a minimum value of US$220,000*.

The process of obtaining Grenada Citizenship by Investment usually takes 90 days. The applicant must enter into a sales and purchase agreement with an approved real estate project and transfer full investment and associated fees to an Escrow account controlled by an on island attorney. Once it is done, the authorized agent submits applications and required documents to the Government and receives the Approval and the Certificate of Naturalization. With these documents on hand, the authorized agent submits a request for passport.

INVESTMENT AMOUNT (Family of 4 with 2 children under 17)

Real Estate Purchase: US$ 220,000*
Government Fee for Family of 4: US$ 50,000
Due Diligence Investor: US$ 5,000
Due Diligence Spouse: US$ 5,000
Application Fee for Family: US$ 1,500 (per person)
Processing Investor: US$ 1,500
Processing Spouse: US$ 1,500
Processing Children under 12: US$ 500 (per person)
Passport Fee: US$ 200 (per person)
Oath Fee: US$ 18,6 (per person)
VAT For Escrow Fees Amount: US$ 1,950

*US$ 220k investment refers to shared ownership in real estate. The real estate holding period for US$ 220k investment option is FIVE years. For Sole ownership the investment amount must be US$ 350k+

Grenada

The breath-taking Caribbean country of Grenada is one of the region's top tourist destinations and a growing financial services sector with close ties to the US and UK.

Grenada is an English-speaking country with stunning natural scenery and quaint cities flocked by mountains and valleys lush with various spices. It is known for its trade and agricultural importance within the region.

Grenada also boasts a formidable banking service sector that has helped nurture a healthy business environment that attracts global businesses to its shores. Its favorable regulations towards cryptocurrency investment have also played a part in putting the country on the map, as it is one of the world's most crypto-friendly nations, a standing that has helped the country attract more cryptocurrency investors.

The nation's economy is on an upward path, and that is due in part to the Grenada citizenship by investment program, which awards foreign investors that have a clean criminal background and who make a qualifying investment into the country's economy with a Grenada passport and citizenship.

Overview of the Grenada citizenship by investment program

The government of Grenada launched its citizenship by investment program in 2014 after it changed the laws regarding the naturalization process adding the citizenship by investment act, and since Grenada recognized dual citizenship, the change to the law was simple.

After the addition of the citizenship by investment act and launching the program, it quickly became one of the most popular citizenship by investment programs in the world.

From the date of its launch to the first half of 2022, the Grenada citizenship by investment program has approved the applications of 1,776 investors and has granted citizenship to them and their families, while also bringing in over US$ 500 million of foreign direct investment into the nation's economy.

The Grenada citizenship by investment program's premise is very simple, those who make a qualifying investment and meet the requirements set out by the government can obtain citizenship and a Grenada passport for themselves and their qualifying family members.

Other benefits of the Grenada citizenship by investment program

The Grenadian citizenship by investment program offers investors a way to elevate their entire lifestyle by acquiring a powerful passport and dual citizenship in one of the most naturally stunning nations on Earth.

The benefits of getting dual citizenship are endless, but the most common, and important, benefits are worth mentioning.

Enhanced visa free travel

The Grenadian passport is a very powerful passport, providing visa free travel to a staggering 146 destinations worldwide including the UK, Europe’s Schengen Area, Singapore, Hong Kong, and many more.

The E2 visa

Grenadians are eligible to apply for the US E2 visa, a business treaty visa open to a select number of nationalities worldwide. This allows investors from countries not on the E2 treaty list to obtain a route to apply for the E2 visa, providing them with a pathway to get residency in the US while also being able to obtain Grenada citizenship..

The addition of family members - Grenada allows investors to add a wide array of financially dependent family members to their application, including the spouse of the main applicant as well as the couple's financially dependent children below thirty years of age, dependent parents, dependent grandparents, and the unmarried financially dependent siblings of the main applicant above eighteen years of age.

Evolved tax structuring

Grenada does not impose a tax on worldwide income, nor does it levy capital gains or withholding tax. The country also does not impose an inheritance tax on its citizens or residents. This allows investors, especially those hailing from countries with brutal tax regimes, to find a route to structure their taxes in a favorable way, enabling them to pay minimum taxes.

A formidable contingency plan - Getting dual citizenship is the best way to combat any political or economic instability in one's home country. By having dual citizenship and another home, an investor can protect themselves and their families against any turmoil in their country of origin, and provide them with options when they are in short supply.

Substantial business environment

Grenada's top tier financial services and banking sectors provide an excellent environment for businesses. The government is also continuously working to attract international companies to Grenada, and anyone looking to incorporate a business in close proximity to Northern and Southern America can easily find a home in Grenada. The government also does not tax corporate worldwide income unless it is generated within Grenada at which point it is subject to a flat tax rate on corporate income paid in annual taxes.

Adding future generations and family members

An applicant can always add a future spouse or children to their application even after they receive citizenship themselves.

Crypto-friendly government

Grenada has a very cryptocurrency friendly government and provides qualified investors with the space they need to deal within the cryptocurrency realm. And since the government does not impose capital gains tax crypto-trading is more profitable in Grenada.

Create investment opportunities that make financial sense - Investors who choose to apply under the real estate option can find very interesting investment opportunities, either in the form of actual properties that gain appreciation as time goes on, or through buying shares in top tier resorts in one of the world's hottest touristic destinations.

Quick and easy process

The process of applying for citizenship by investment is simple and quick, taking an average of 3-6 months. The process is completed remotely without the need to travel or reside in Grenada prior, during, or after applying.

Easy renewals

Investors who obtain passports through investment can always renew their passport through a Grenada embassy or consulate, or, if they are unavailable in their country of residence, through an embassy of another country that handles Grenadian citizenship matters such as the UK embassy in some cases.

After landing services

Once an investor gains citizenship they can issue a Grenada driver's license and open a bank account as a citizen, among other benefits.

Wealth management possibilities - Grenada has a robust offshore banking sector that investors can take advantage of to protect their wealth and make easy transactions and bank deposits. They can also open offshore trusts to alleviate their tax burden and protect their assets.

Grenada Citizenship by Investment Programme