Grenada has gained popularity among affluent individuals for numerous compelling reasons. Through a comprehensive restructuring and relaunch of its citizenship by investment programme in 2013, this Caribbean nation has emerged as a favored choice for acquiring a second citizenship. It holds significant appeal, especially for individuals with larger families seeking an exceptional opportunity.
BENEFITS OF GRENADA CITIZENSHIP
- Dual Citizenship;
- Visa-Free Travel to 153 countries and territories worldwide;
- No obligation to relocate to Grenada;
- No interview process;
- Diversify your assets outside of your current region;
- Live, Work and Study in Grenada and other CARICOM nations;
- Tax-free incentives for residency.
ELIGIBILITY FOR GRENADA CITIZENSHIP
To be eligible for citizenship, applicants must meet the following criteria:
- Applicants should be at least 18 years old;
- Applicants must be in good health and possess a good character;
- Applicants should have no criminal record;
- Applicants should pass a detailed background check;
- Applicants must be capable and willing to make the necessary contribution as required.
FAMILIY MEMBERS WHO CAN BE INCLUDED:
- Spouse;
- Children aged 18 to 29, supported by the main applicant or spouse;
- Children aged 18 or over that are physically or mentally challenged;
- Parents or grandparents of the main applicant or spouse, if fully supported by the main applicant;
- Unmarried siblings of the principal applicant or their spouse.
INVESTMENT OPTIONS
Applicants have four options to apply for citizenship through Grenada Citizenship by Investment Programme. These include:
The National Transformation Fund
The National Transformation Fund (NTF) was established to support the diversification, resilience, and prosperity of Grenada's economy.
Fees for due diligence, application, and processing are applicable:
- Main applicant: USD 150,000
- Main applicant and up to 3 dependants (excluding siblings and parents/grandparents aged 55 or below): USD 200,000
- Each additional dependant (excluding siblings and parents/grandparents aged 55 or below): USD 25,000 each
- Any parent or grandparent aged 55 or below: USD 50,000 each
- Any sibling: USD 75,000 each.
Real Estate (Pre-Approved Project) Option
Investment in a pre-approved project, typically real estate, is required to be held for a minimum of 5 years for individuals seeking economic citizenship of Grenada. Applicants opting for real estate investment have two options:
- Minimum independent investment: US$350,000
- Minimum joint investment in tourism accommodation: US$220,000 per investor (total investment value: US$440,000)
The following Government Fees apply:
- Main applicant: USD 50,000
- Main applicant and up to 3 dependants (excluding parents or grandparents aged 55 or below and siblings): USD 50,000
- Each additional family member (beyond the initial 3, excluding parents/grandparents aged 55 or below and siblings): USD 25,000 each
- Any parent or grandparent aged 55 or below: USD 50,000 each
- Any sibling: USD 75,000 each
Note: Please be aware that due diligence fees, application processing fees, bank due diligence fees, certificate of registration fees, passport fees, and professional fees are applicable. Please contact for more details.
PROCESS & TIMELINE
Grenada Citizenship by Investment application process for successful candidates involves seven primary stages, which are as follows:
- Initial review and application preparation;
- Submission of the citizenship application;
- Processing of the application, including internal and external due diligence checks;
- Provisional approval;
- Fulfillment of requirements, which may include making a contribution to the Sustainable Growth Fund (SGF), purchasing a real estate unit in an Approved Development, acquiring an Approved Private Home, or investing in an Approved Public Benefit Project;
- Receipt of the Certificate of Registration;
- Application for a passport.
