Countries

GRENADA

Citizenship by Investment
A Brief Overview

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.

Benefits of Grenadian Citizenship
Investment Options
  • A Grenadian passport entitles you to visa-free travel to over 124 countries, from Hong Kong, China and Singapore to the UK and Schengen Member States

 

  • Government policy permits dual citizenship

 

  • Confidential application process

 

  • Grenada has no residential or visitation requirements

 

  • As a citizen of a Commonwealth member country, you will enjoy privileges in other Commonwealth countries, including the UK

Applicants may choose between two investment options:

 

  • A non-refundable contribution of at least USD 200 000 for the main applicant and up to 3 dependents to the NTF

 

  • Buying real estate to the value of at least USD 350 000, with a holding period of three years
The Process

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:

  • Complete the application forms issued by government and collate supporting documentation
  • Local agent handles submission to the CBIC
  • Due-diligence checks are carried out and the results may take up to 90 days from submission of the application and acknowledgement of receipt. The successful applicant then has to complete the requirements within the stated period
  • Complete the investment requirements i.e. pay the contribution, purchase of real estate
  • If buying real estate, provide proof of transfer of full and unencumbered property title to the main applicant
  • Successful applicants receive an official citizenship certificate and are issued a passport upon application
Investment Summary
OptionMinimum Investment
Real estate investmentUSD 350 000
NTF donationUSD 200 000
Government fees
Main Applicant and up to 3 dependents USD 50 000
Each additional dependent USD 25 000
Due-diligence fees
Main applicantUSD 5 000
SpouseUSD 5 000
Dependent aged 0–15 yearsnil
Dependent aged 16–25 yearsUSD 5 000
Dependent 65+ years USD 5 000

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