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The Nation of Grenada

Citizenship by Investment

Located in the Caribbean Sea, twelve degrees and three minutes north of the equator, it is known as the “Isle of Spice”. The country prides itself as one of the most magnificent islands in the Caribbean and it measures 344 sq. km. The nation of Grenada is composed of three key islands: Grenada and its sister islands Carriacou and Petite Martinique.

The Grenada Citizenship by Investment Program

The Citizenship by Investment program is designed to attract Foreign Direct Investment and to promote the economy and values of the country. The program provides the avenue for Applicants and their families to obtain citizenship.

The Grenada Citizenship by Investment program is similar to the other Caribbean Citizenship by Investment programs but differs and is unique in the following ways:

  • The Grenada program allows visa free entry into China among other countries.
  • Asa signatory to the United States treaty on E2 visa, Grenada citizens benefit from eligibility to apply for temporary residence to the United States under the E2 visa program for investors.

Ways of Acquiring Citizenship

Applicants may only make two types of investments to obtain citizenship.
The investments include the following:

A payment into the National Transformation Fund of USD$150,000 +

A payment towards an approved real estate project in Grenada in the minimum amount of USD$220,000 +

Grenada Passport

Holders of Grenada passport enjoy visa free travel to approximately 115 international and Commonwealth countries. These include the United Kingdom and all other members of the European Union, and important business hubs such as Singapore and Hong Kong. Grenada is one of very few nations whose citizens can travel to the People’s Republic of China without first obtaining a visa. See attached the visa free travel list.

Validity of the Passport

Passports are valid for five (5) years and renewable afterwards at the Grenadian Consulate in London, or directly through the Grenadian Passport and Immigration Office.

Benefits of Grenada and The Citizenship by Investment Program

  • No interview, education, or management experience required.
  • Visa free access to more than 115 countries including the UK, Europe, Hong Kong, China and much more
  • Economically, legally and socially stable country.
  • Dual citizenship is allowed.
  • No tax on worldwide income, no estate tax, no death tax, no inheritance or capital gains tax.
  • No restriction on the repatriation of profits and capital.
  • Offshore bank accounts, investments, and companies give unique opportunities for business and tax planning.
  • No requirement to visit or reside in Grenada before or after citizenship is granted.
  • Well-known, stable and established investment environment.
  • The application process is confidential, with no disclosure or exchange of information with other governments or bodies, except when due diligence checks are carried out as part of the application process.
  • Citizens are entitled to the same rights as any other Grenadian citizen.
  • Grenada offers its citizens social and political security, reinforced by its membership in the United Nations and the Commonwealth of Nations
  • Full exemption from import duties, tax relief benefits, and export allowance.

Program Requirements

To be eligible to apply, the Principal Applicant must:

  • Be at least 18 years old;
  • Be in good health;
  • Have enough funds to make the required investment and the source of these funds must be legal.

Note: To ensure that the requirements listed above are fully adhered to, the Government of Grenada subjects each applicant to strict due diligence procedures.

Applications will be denied on the following grounds:

  • Direct or indirect misrepresentation;
  • If the Applicant is the subject of a criminal investigation;
  • If the Applicant poses potential national security risk to Grenada or to any other country;
  • If the Applicant is involved in any activity likely to cause disrepute to Grenada; or
  • Previous conviction in any country of an offence for which the maximum penalty or similar offence in Grenada is in excess of six months’ imprisonment (unless he or she received a free pardon);

Application Processing Time

Decisions are rendered in 60-90 days on most applications as long as the due diligence report is satisfactory to the Citizenship by Investment Committee. Upon Approval, Applicants’ have 30 days to make the investment into the National Transformation Fund or finalize the real estate transaction. Upon receipt of the investment or confirmation of real estate purchase, passports are issued within two weeks.

International Organization Membership

Grenada is a member of the following international organizations:

  • The Caribbean Development Bank;
  • The Organization of Eastern Caribbean States;
  • The Caribbean Community (CARICOM);
  • The Commonwealth of Nations;
  • The United Nations;
  • The World Bank;
  • The International Monetary Fund;
  • The Organization of American States; and
  • The Eastern Caribbean Regional Security System.

Population

108,132 (UN 2008)

GNI per Capita

$6,810 US (World Bank 2016)

Language

English (official), French patois

Currency

Eastern Caribbean Dollars. 1 XCD = 0.37 USD

Capital

St. George’s

Temperature

Average all year round of 23°C – 28°C

Major Religion

Christianity

Government

Constitutional Monarchy

Investor

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