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.
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 $150,000, 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.
Visa-free travel to over 140 countries
A favourable tax system
Cost-effective programme - minimum investments from only $150,000
No interview or minimum stay requirements
Applications processed within 2-4 months
Citizenship is passed down to future generations
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 $150,000 for a single applicant and $200,000 for a family of up to four (main applicant and three family members). Further costs apply when adding additional dependents on a per-person basis.
Other costs, such as application fees and due diligence fees, also apply.
Invest in a government-approved real estate project. The investor can either make a joint investment with a minimum value of $220,000 or purchase a free-hold property at a minimum value of $350,000.
The joint investment option is the most common. It includes real estate developments such as hotels, villas, tourist properties and resorts. This is usually the investment of choice due to the lower investment amount and the strong tourism industry in Grenada.
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.
The Grenada Citizenship by Investment Programme offers an affordable route to citizenship, with investments starting at $150,000.
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 4 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.
To be eligible for the Grenada Citizenship by Investment Programme, the primary applicant requirements are:
Family members can be included in the application. The principal investor can include:
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.
|Citizenship or Residency Programme?||Citizenship or Residency Programme?Citizenship|
|Minimum Investment Amount||Minimum Investment Amount$150,000|
|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|