Grenada

With its refreshing pineapples, pulpy coconuts, juicy mangoes, and sugary melons, Grenada is a veritable paradise for fruit lovers. Spice pick your way across this lush island and experience sensory delights. From earthy nutmeg to heady cocoa, you’ll find everything here. Idyllic and peaceful, the Spice Island Grenada beckons you.

The Grenada Citizenship by Investment program is an initiative by the government of Grenada aimed at attracting foreign investments to this island nation.  Interested participants can apply to this program and acquire second citizenship in this beautiful country. Applications for commercial business establishments are welcome here.

• Applicants can apply for citizenship from their home country
• Applicants are eligible to apply for the E-2 treaty ‘Investor Visa’, which can be used to open and operate a business in the USA
• Visa-free flexible travel to 118 countries, including all European Union countries, the United Kingdom, China, Singapore, Ireland, Caribbean and Commonwealth Nations, Russia
• Tax-free inheritance, wealth, gift, and personal foreign income
• The ability to include a spouse, children under 30, unmarried siblings aged 18 or older, dependent parents above age 55, and grandparents of the main applicant and spouse
• Citizenship can be transferred to new spouses and future generations
• A minimum stay is not required
• Minimal processing fees.
• No interview, education, or management experience required.
• No requirement to reside in Grenada before or after citizenship is granted.
• Well-known, stable, and established investment environment.
• Confidential application process with limited disclosure of information to other governments or bodies, except for due diligence checks.
• Entitlement to the same rights as any other Grenadian citizen, including the right to live and work in Grenada and CARICOM membership.
• Allows for dual citizenship.
• The opportunity to extend citizenship to family members, including spouses, dependent children, and dependent parents.
• Children and young adults may receive preferred access and grants to top schools and universities.

Grenada’s Citizenship by Investment Program was started in 2013, after the passing of the Grenada Citizenship by Investment Act, 2013. The program is designed to help interested applicants to receive: residency, citizenship and/or a secondary passport to the country of Grenada.

Minimum qualifications for applicants are:

• Persons above the age of 18
• Persons with sound mind and in good health
• Persons who are morally and ethically sound
• Persons with legal funds and large investment capabilities

The Government of Grenada is a pro-business government and invites foreign investors to invest in sustainable developmental initiatives. With its large coastline, pristine turquoise beaches, and large patches of real estate, Grenada is the perfect haven for budding and seasoned investors alike.

Investment opportunities in Grenada are:

• Real estate

One option for applicants seeking Grenadian citizenship through investment is to invest in Government-approved real estate projects, such as hotels, villas, and resorts. Given the growing tourism industry’s demand for accommodations, real estate developments offer attractive opportunities for investors seeking high returns.

 Applicants choosing this approved project (real estate) route must invest at least USD 220,000 and hold the real estate for a minimum of five (5) years after gaining citizenship. The chart below summarizes the associated costs and fees for this pathway.

• Donation to the National Transformation Fund

The inception of the National Transformation Fund (NTF) dates back to 2013, aiming to facilitate the progression of Grenada’s economy towards greater prosperity and self-reliance. The NTF actively funds a range of projects within Grenada, benefiting key sectors such as tourism, agriculture, and alternative energy. By making a donation to the NTF, investors are left with a profound feeling of having played a role in enhancing the welfare of their newly adopted nation.

Individuals who choose the NTF pathway are required to make a minimum contribution of USD 200,000 to the Fund. The subsequent chart provides an overview of the costs and fees associated with this particular route.

Government fees (real estate option only):
Solo applicant – $50,000
Main applicant and spouse – $50,000
Main applicant, spouse, and up to 2 children – $50,000
Additional dependents – $25,000 each
Eligible siblings – $75,000 each

• Donation to the National Transformation Fund (NTF)

Investors are also eligible to make non-redeemable charitable donations to governmental organizations, at a minimum investment of USD 150,000 for single applicants. 

Solo applicant – $150,000
Main applicant and spouse – $200,000
Main applicant, spouse, and up to 2 children – $200,000
Additional dependents – $25,000 each
Unmarried siblings – $75,000 each

All Grenada Economic Citizenship Program participants (Donation and Real estate) must pay the following fees:

Government application fees:
All applicants – $1,500 per person

Government due diligence fees:
Main applicant – $5,000
Spouse – $5,000
Children 18 t0 30 – $5,000 each
Children between 12-17 – $2,000 each
Dependent parents & grandparents – $5,000 each
Siblings – $5,000 each

Government processing fees:
Main applicant – $1,500
Spouse – $1,500
Minor children – $ 500 each
Children 18 to 30 – $1,500 each
Dependent parents & grandparents – $1,500 each
Siblings – $1,500 each

Additional fees:
Passport fee – $250 per person

Can I submit a citizenship application for my family?

Certainly, you can apply for citizenship along with your spouse or husband, dependent children, and dependent parents. The fees for family members may vary depending on the number of family members included in the citizenship application.

Is it necessary for me to visit Grenada as part of the citizenship application process?

No, there is no requirement for you to visit Grenada before, during, or after the application process.

Do I have to renounce my current citizenship and passport to obtain Grenadian Citizenship?

No, Grenada permits dual citizenship, so you are not obligated to renounce any other citizenship or passport.

How long does it take to obtain Grenadian citizenship through the Citizenship by Investment Programme?

Your application for Citizenship by Investment will typically be approved within 60 business days of submission, subject to a satisfactory due diligence check and the receipt of funds. You can apply for a passport shortly thereafter, with passports being issued within a few days of the request.

What advantages does Grenadian citizenship offer for my child’s education?

Grenada is home to St. George’s University, one of the premier offshore universities in the United States. It offers top-notch programs in medical, veterinary, arts, and sciences fields, with graduates having opportunities to train in leading hospitals in the United States and the United Kingdom. The university is internationally accredited and hosts a diverse student body representing over 140 countries.

How does being a part of the Commonwealth of Nations benefit Grenadian citizenship holders?

Being a citizen of a Commonwealth member state comes with several advantages. These include easy travel access across member states, protection through embassies and commissions of other member states worldwide, and eligibility for participation in certain sporting events such as the Commonwealth Games.

What is the current economic situation in Grenada?

Grenada’s economy is experiencing growth in sectors like tourism, agriculture, and manufacturing. It is part of the Eastern Caribbean Central Bank and utilizes a stable currency system tied to the United States dollar. Business transactions can also be conducted in US dollars, and there are no taxes on profit repatriation.

Make Grenada your second home 

Visa-Free Countries

114,454
POPULATION
US$16,604
GDP (per capita)
US$1.801 billion (2019)
GDP (purchasing power parity)

CAPITAL CITY

St. George’s

TIME ZONE

Eastern Caribbean Time Zone
(UTC-04:00)
TOTAL AREA

348.5 km2

LANGUAGES

English, French
CURRENCY

ECD $ (East Caribbean dollar)

MAIN INDUSTRY

Tourism, Agriculture

SCHENGEN/ EU
EU travel –Visa Free

KEY ADVANTAGES

• Most modern international airport and hub
• Most affordable option for families
• Favorable tax regime

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Disclaimer
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.