Grenada’s citizenship by investment program (CIP) was created in 2013. The purpose was to allow investors to secure permanent residence and citizenship in Grenada, while also stimulating economic growth and creating employment opportunities in the country. It is one of the most efficient CIPs in the Caribbean and has advantageous visa treaties with both the US and China that are unique to this program.
Grenada is a beautiful island in the Caribbean. Known as the Spice Isle due to the aromatic nutmeg, clove, ginger, and cinnamon grown on its many spice plantations, this tropical paradise is a treat for all of the senses. Grenada is adorned with picturesque white sand beaches, exquisite waterfalls, exotic gardens, beautiful national parks and lush rainforests. Its pristine waters are home to a unique underwater sculpture park and colorful coral reefs. Its capital, St. George’s harbor is equally as vibrant and considered the most beautiful waterfront in the Caribbean.
The National Transformation Fund (NTF) was established in 2013 to help grow and strengthen the Grenadian economy. The NTF finances various projects in Grenada that benefit tourism, agriculture, and alternative energy. By investing via the NTF, investors can create a direct positive impact on Grenada.
In addition to the investment, the following application, processing
Application Fees: $1,500 per person
Due Diligence Fees:
The real estate option offers the opportunity to invest in government-approved development projects. These projects currently include hotels, villas and resorts, with many more eligible properties constantly being added. The real estate investment must be kept for at least 5 years from when you are granted citizenship.
There are two different pathways to invest under the real estate investment option
A single applicant must invest at least US$350,000 in an approved government development project.
Two applicants can co-invest in a real estate investment, with each one required to make an investment of at least US$220,000, for a total of US$440,000 each.
In addition to the investment, the following application, government, processing
Application Fees: $1,500 per person
Due Diligence Fees:
The real estate option provides an easy exit strategy as the property can be resold 5 years after purchase.
Furthermore, secondary purchasers of real estate units in approved Citizenship by Investment (CBI) projects are eligible to obtain citizenship as well, provided they meet all of the other requirements.
In addition to the monetary investment requirements, there are several other conditions that applicants must meet in order to apply to the Grenada Citizenship by Investment program:
The application process for the Grenada Citizenship by Investment Program is thorough in its due diligence checks, yet quick and efficient. One of the fastest ways to secure a second passport in the Caribbean, the application processing time is currently 3-5 months regardless of which investment option you choose.
The following relatives of the main applicant are eligible to be included in the application:
The application, in order to be considered complete and admissible, should include:
The Passport fee is $250 for each individual being issued a passport. Grenada is the only CIP program that automatically issues you a passport as part of the application process.
The passport is valid for 5 years and can be renewed in the Grenadian Consulate in London, or directly through the Grenadian Passport and Immigration Office. Our team at HNWI can take care of the renewal on your behalf when the time comes.
Citizenship by Investment in Grenada is an incredible opportunity that opens a world of benefits. Whether you choose to live there or just take advantage of having a second passport, the benefits of citizenship are countless. From visa-free or visa on arrival travel to 143 countries and territories, visa treaties with the US and China, to a variety of financial benefits, citizenship in Grenada offers increased mobility, generous taxation, business opportunities, and a wonderful quality of life. Here are some key benefits:
А: The Commonwealth of Nations used to be known as the British Commonwealth and is now often just called “the Commonwealth.” It is a worldwide, intergovernmental organization with 52 independent member states. As a Grenadian, you have automatic travel and other benefits throughout the Commonwealth.
A: Yes, we do. We are experts in the Grenada Citizenship by Investment Program. We are here to answer all of your questions so you can decide on your best path to second citizenship. We will manage the entire process from start to finish and keep you informed at each stage. We want you to know you are in safe hands and don’t need to worry about a single thing.
If you would like to ask any follow-up questions that are not on this list, please click here to contact us for your free initial consultation.
Vicky Katsarova, CEO
“My world travels and my own immigration experiences have given me a deep understanding and clear insight into each of our clients’ specific requirements, aspirations and concerns. It is this intense personal association with client expectations and needs that helps to set our company and our service apart.”
The perfect setting for adventure, leisure and business, Grenada is an aromatic paradise with stunning natural beauty, picturesque beaches, and a vibrant lifestyle. A prime destination in the Caribbean, Grenadian citizenship offers many benefits to its investors. Citizenship by Investment in Grenada is an ideal pathway to expand your mobility, protect your wealth, increase your freedom and enhance your quality of life.
If you are interested in learning more about the Grenada Citizenship by Investment Program, please contact us today for your free initial consultation.