Grenada Citizenship by Investment

About Grenada Citizenship by Investment Program

Grenada Citizenship Program was created in 2013 as a measure of economic development. It is currently controlled by the Grenada Citizenship by Investment Committee, which processes the applications for the Grenada Citizenship by Investment Program under the Grenada Citizenship by Investment Act.

The Grenada Citizenship by Investment Program is one of the few programs —and the first one in the Caribbean Sea— that grants visa-free access to China and working rights in the United States of America. The “Grenada” Citizenship by Investment Program is accurate for individuals and families that want to invest in real estate abroad or make a useful donation to a beautiful nation in the Caribbean Sea. In exchange, they can obtain a second citizenship and a second passport that amplify their international mobility and business opportunities.

Citizenship by investment in Grenada can also introduce foreign investors into the adventurous and culturally rich lifestyle of the Isle of Spice —with minimal requirements— if they choose to live there after all.

is available for all foreign investors over 18 years old.

Time to Citizenship

4 - 6 months

Minimum Investment

US $150,000

Type of Investment

Donation - Real Estate

Visa-free Countries

141 including Schengen, UK and China

About Grenada

The Commonwealth of Grenada is an exotic tropical paradise formed by three islands: Grenada, Carriacou, and Petite Martinique. The country is known as the Isle of Spice due to its characteristic native spices, such as nutmeg and mace, which are top export. People of Grenada are friendly, and the capital, St. George's, is a popular tourist destination.

Language

English

Currency

Eastern Caribbean Dollar

Total Area

348 km2

Capital

St. George's

Government

Parliamentary Democracy

Population

112,523

Grenada Citizenship and Passport Benefits

  • Visa-free mobility to around 140 countries, including Schengen Area, UK, Singapore, and China. The Grenada Citizenship by Investment Program is the first program in the Caribbean that provides visa-free access to China, including the special administrative region of Hong Kong, which is an important center of business activity. 
  • E-2 investor visa treaty with the United States of America. The Grenada Citizenship by Investment Program allows Grenade citizens to work in the US.
  • Dual citizenship for full families. Grenada citizenship does not nullify your or your family’s previous nationality in any case. Grenada citizenship is compatible with all other citizenships in the world and is expansible to dependent children, dependent parents, and newborns.
  • Easy sibling sponsorship. Bring your brother or sister with you without the need of submitting an extra application for him or her.
  • Residential rights. Citizenship by investment in Grenada provides full residential rights, including working rights. They can be exercised or not —it’s up to the investor.
  • Profitable access to Caribbean markets. Foreign investors can trade in the Caribbean with no import duties or wealth taxes and accede to tax relief, corporate tax incentives, and unlimited repatriation of profits.

Grenada Passport Ranking

Because it provides visa-free access to 141 destinations, the Grenada passport ranks in 35th place on the Guide Passport Ranking Index.

  • Countries with visa-free access include; all countries in the European Union, the United Kingdom, Israel, China, Hong Kong, Russian Federation, the Republic of Singapore, other Caribbean islands, such as (Dominica, Cuba, Costa Rica, Barbados, Aruba, Bahamas, Curacao, Antigua and Barbuda, Saint Kitts and Nevis, etc.), Latin American countries (like Argentina, Chile, Colombia, Venezuela, Uruguay, Peru, and Brazil) and African countries like Lesotho, Malawi, Mauritius, and Eswatini.
  • Some of the countries with visa-on-arrival access if you have a Grenade passport are; Armenia, Maldives, Laos, Jordan, Samoa, Rwanda, Iran and Bolivia. Moreover, with a Grenadian passport, only Sri Lanka requires an electronic travel authorization (eTA).

Requirements to Qualify for Grenada Citizenship

  • Applicants must be at least 18 years old. If they have family, they must be willing to pay for their applications, due diligence processes, and related fees as well.
  • Applicants must be healthy (as proven by a medical certificate elaborated by a healthcare professional). 
  • Applicants must not have a criminal record (as proven by Police Clearance Certificate).
  • Applicants must own funds from a legal, verifiable source for their investment or donation to be taken into account.

Grenada Citizenship by Investment Options

Option 1: Grenada Citizenship by Donation

You can accede to Grenada citizenship by donation if you submit a contribution of at least US $150,000 to the National Transformation Fund (NTF).

The NFT was created by the government of Grenade in 2013 as a budget plan for different projects in the areas of tourism, agriculture, and green energy.

  • The US $150,000 donation enables only one application under the Grenada Citizenship by Investment Program. If the applicant wants to include his or her spouse and two children in the application, he or she will be required to make a donation of US $200,000 to the National Transformation Fund instead of US $150,000.
  • Any additional children add US $25,000 to the cost of the required contribution.
  • Dependent parents and grandparents over 55 years old sum US $50,000 to the minimum donation allowed.
  • In this regard, dependent siblings cost US $75,000 each.

Option 2: Grenada Citizenship by Investment in Real Estate

You can purchase real estate under the Grenada Citizenship by Investment Program to qualify for Grenada citizenship and Grenada passport by investment.

Most of the real estate projects available for purchase under the Grenada Citizenship by Investment Program focus on the development of the tourism sector, which is the largest source of foreign exchange in Grenada.

This is why most of the government-approved real estate projects are hotels, villas, resorts, etc.

  • The minimum investment in real estate under the Grenada Citizenship by Investment Program is US $220,000 for each share in the unit (section 11 for shared inversions).
  • For real estate projects outside section 11 (non-shared inversions), the minimum investment under the Grenada Citizenship by Investment Program is US $350,000.
  • There are no variations in the minimum investment price if the investor applies for this Grenada Citizenship Program alone or if he or she includes his or her family in the application.

Single applicant

US $50,000

Main applicant and spouse

US $50,000

Main applicant with up to 3 dependents (excluding siblings)

US $50,000

Additional dependents (except siblings and parents/ grandparents under the age of 55)

US $25,000 per applicant

Dependent parents/ grandparents under the age of 55

US $50,000 per applicant

Dependent siblings

US $ 75,000 per applicant

Apply for Grenada citizenship

How obtain a Grenada passport

  1. The Grenada Citizenship by Investment Committee is in charge of the Grenada Citizenship by Investment Program and the issuance of Grenada passport by investment, but it does not accept direct submissions. Instead, it works with authorized agents like Second Passport. Second Passport can help you easily reach the Grenada Citizenship by Investment Committee with notarized documentation that meets all the requirements for your application to Grenada citizenship to be successful on the first try. Having Grenada citizenship is a necessary step to obtain a Grenada passport.
  2. The documentation will be delivered to the Grenada Citizenship by Investment Committee along with the corresponding fees, including due diligence fees (needed for the due diligence check to start).
  1. This leads to a stage of initial approval that won’t be completed until the government receives the remaining funds. Our advisors will let you know when this happens.
  2. After you make your donation or investment, you obtain a Sale and Purchase Agreement that will put your application in the final steps.
  3. Once you receive your Certificate of Registration (which makes you officially a Grenada citizen), you’re eligible to obtain a Grenada passport.
  4. Second Passport will direct your application for the Grenada passport until you have it in your hands.

Other Citizenship by Investment Programs

Dominica Citizenship Program

Time to citizenship

3 - 4 months

Minimum investment

US $100,000

Type of investment

Donation or real estate

Visa-free countries

143 including Schengen, UK and China

Saint Kitts & Nevis Citizenship Program

Time to citizenship

4 - 6 months

Minimum investment

US $125,000

Type of investment

Donation or real estate

Visa-free countries

153 including Schengen area and UK

Saint Lucia Citizenship Program

Time to citizenship

3 to 4 months

Minimum investment

US $100,000

Type of investment

Donation, real estate or government bond

Visa-free countries

142 including Schengen and UK

Turkey Citizenship Program

Time to citizenship

4 to 6 months

Minimum investment

US $400,000

Type of investment

Real estate, government investment , job creation

Visa-free countries

113 Including Hong Kong, Japan and Singapore

Antigua and Barbuda Citizenship Program

Time to citizenship

4 to 6 months

Minimum investment

US $100,000

Type of investment

Donation, real estate

Visa-free countries

151 including Schengen and UK

Vanuatu Citizenship Program

Time to citizenship

2 to 3 months

Minimum investment

US $130,000

Type of investment

Donation

Visa-free countries

196 including UK, Russia and Singapore

Montenegro Citizenship Program

Time to citizenship

6 months

Minimum investment

€350,000

Type of investment

Real estate

Visa-free countries

123 Including Schengen

Malta Citizenship Program

Time to citizenship

12 to 36 months

Minimum investment

€738,000

Type of investment

Real Estate, NDF, donation

Visa-free countries

186 including EU, USA, UK and Canada

Cyprus Citizenship Program

Time to citizenship

6 months

Minimum investment

€2,000,000

Type of investment

Real estate

Visa-free countries

176 including EU, UK and Canada

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