Citizenship by Investment in Grenada
- Visa-free travel
- Affordable investment options
- No minimum stay requirements
Minimum Investment Amount
$235,000
Processing Time
2-5 months
Key Residency Benefit
Affordable citizenship options
Why is Grenada a popular investment location?
Grenada is an island country in the West Indies. Famous for its spice trading business, Grenada is often referred to as the Island of Spice.
The country is also known for its unspoiled natural beauty. This includes white sandy beaches, lush rainforests, majestic waterfalls, historic forts, botanical gardens and coral reefs with the world’s first underwater sculpture park.
Grenada also offers a stable government and currency and a strong tourism industry.
About the Grenada Citizenship by Investment programme
The government launched the Grenada Citizenship by Investment Programme in August 2013 to drive the country’s economic growth through foreign investments.
The Grenada Citizenship by Investment Programme attracts investors from all over the world who wish to increase their family’s global mobility and have the security of a second citizenship.
From as little as $235,000, investors can receive a Grenadian passport and a wide array of benefits. Passport holders are granted visa-free access to over 140 countries, including the Schengen Area, the UK, Hong Kong and more.
What are the Benefits of Citizenship by Investment in Grenada?
Visa-free travel to over 140 countries
A favourable tax system
Cost-effective programme - minimum investments from only $235,000
No interview or minimum stay requirements
Applications processed within 2-5 months
Citizenship is passed down to future generations
How to obtain Citizenship by Investment in Grenada
Investment options
Make a non-refundable contribution to the National Transformation Fund (NTF).
The NTF was established when the CBI programme launched in 2013. The aim of the NTF is to assist in boosting the economy of the country. Both the contribution and government fees are payable only once citizenship is approved.
The minimum contribution to the NTF is $235,000 for a Single Applicant for a family of up to 4. Further costs of additional dependents apply of $25,000/$50,000 on a per-person basis. An additional cost of $75,000 is applied when adding a sibling.
Other costs, such as application fees and due diligence fees, also apply.
Real estate investment
Investment into a government approved real estate project with a minimum investment amount of $270,000. An additional minimum non-refundable contribution of $50,000 applies.
Investors also have the opportunity to re-sell their investment through the scheme after a mandatory holding period, which is between 3 to 7 years depending on the project, without affecting their citizenship status.
For the avoidance of doubt, the revised pricing regime ensures that there will be no distinction in investment costs between a single applicant and a Main/Principal Applicant with up to three (3) dependents for the NTF option. Additionally, the NTF contribution of $235,000 comprises of a minimum of $200,000 to be retained by the government and an allocation of up to $35,000 to be paid as commission to Agents. Similarly, the Approved Project investment of $270,000 to be paid to the Developer’s Escrow Account is comprised of a minimum of $230,000 to be used towards project construction costs.
Key Benefit of Citizenship by Investment in Grenada
The Grenada Citizenship by Investment Programme offers an affordable route to citizenship, with investments starting at $235,000.
As well as being cost-effective, the programme also offers a quick and simple process for gaining citizenship and a Caribbean passport. The average processing time for applications is between 2 and 5 months.
Grenadian passport holders are granted visa-free travel to over 140 countries, including China, the Schengen Area, the UK, Singapore and Hong Kong. They also have the right to live, work and study in Grenada and other CARICOM nations.
Citizenship can also be passed down from generation to generation without having to give up the existing nationality.
Frequently asked questions
To be eligible for the Grenada Citizenship by Investment Programme, the primary applicant requirements are:
- Be over 18 years old
- Have a clean criminal record
- Have no outstanding Visa refusals
- Be in good health
- Be of good character and pass detailed due diligence and background checks
- Be able to provide proof of funds from a legal source
Family members can be included in the application. The principal investor can include:
- Spouse
- Children under the age of 30
- Dependent Parents or Grandparents of either spouse over the age of 55
- Dependent siblings over the age of 18 that are unmarried with no children
Applicants do not need to live or visit Grenada to obtain and keep their citizenship at any stage and do not need to pass any interviews.
The Grenada Citizenship by Investment Programme offers applicants access to an attractive tax regime. For non-tax residents, there are no capital gains, inheritance tax, income tax, or wealth tax on worldwide income or assets in Grenada. Be aware that some local tax measures may apply.
Grenada Application Process
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Preparation time:
Gather all documents and complete all application forms. The application is then submitted to Grenada's Citizenship by Investment Committee (CIBC).
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Processing time:
The CIBC conducts background checks, including but not limited to a review of the proof of funds before initial approval is granted. The average timeframe for processing the application is 2 to 5 months*.
*The timeframe above is an estimation according to general practice but may vary depending on the due diligence processing time and each specific case.
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Finalising the process:
Payment of investment/contribution amount and remaining government fees. A Certificate of Registration is then issued.
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Preparation time:Gather all documents and complete all application forms. The application is then submitted to Grenada's Citizenship by Investment Committee (CIBC).
-
Processing time:The CIBC conducts background checks, including but not limited to a review of the proof of funds before initial approval is granted. The average timeframe for processing the application is 2 to 5 months*. *The timeframe above is an estimation according to general practice but may vary depending on the due diligence processing time and each specific case.
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Finalising the process:Payment of investment/contribution amount and remaining government fees. A Certificate of Registration is then issued.
Which programme is right for you?
| Citizenship or Residency Programme? | Citizenship or Residency Programme?Citizenship | ||
| Minimum Investment Amount | Minimum Investment Amount$235,000 | ||
| Minimum Stay Requirement | Minimum Stay RequirementNo | ||
| Initial Permit Duration | Initial Permit DurationN/A | ||
| Time to Residence | Time to ResidenceN/A | ||
| Time to Citizenship | Time to Citizenship4 months | ||
| Family Inclusion? | Family Inclusion?Spouse, children under 30 and parents/grandparents over 55 | ||
| Right to Work? | Right to Work?Yes | ||
| Type of Document Received | Type of Document Received?Certificate of citizenship and passport | ||
| No. of Visa-Free Countries with Passport? | No. of Visa-Free Countries with Passport?147 | ||