Grenada is an independent state and member of the Commonwealth. Citizens of this Caribbean island enjoy visa-free travel to over 124 countries, from Hong Kong and Singapore to the UK and EU member states. This also extends to the People’s Republic of China –– a rare privilege.
Grenada’s Citizenship-by-Investment Program was re-established in 2013 under the Citizenship-by-Investment Act (no 15 of 2013). Government established the National Transformation Fund (NTF) to fund approved projects in the country. Applicants are expected to contribute financially to the country by either buying real estate or making a non-refundable contribution to the NTF. Applicants that pass the application process and due-diligence checks are granted full citizenship.
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Applicants must be 18 years and older and have a clean criminal record. Applicants who have previously been denied a visa to Granada or any of its visa-free partners will not be granted citizenship. Dependents may include children aged 18–25 years if they are enrolled at a recognized tertiary institution and are fully financially supported by the main applicant, and/or parents/grandparents aged 65 years and older if they are living with and fully financially supported by the main applicant.
Applicants may choose between two investment options:
The Citizenship-by-Investment program is administered by the Grenada Citizenship by Investment Committee (CBIC). It typically takes up to three or four months from submission to issuing a passport. With the real estate investment option, the process may take longer depending on completion of the development.
The application comprises the following steps:
|Real estate investment||USD 350 000|
|NTF donation||USD 200 000|
|Main Applicant and up to 3 dependents||USD 50 000|
|Each additional dependent||USD 25 000|
|Main applicant||USD 5 000|
|Spouse||USD 5 000|
|Dependent aged 0–15 years||nil|
|Dependent aged 16–25 years||USD 5 000|
|Dependent 65+ years||USD 5 000|