LOCATION: Eastern Caribbean, South of Barbados
 
POPULATION: 112, 706
 
LANGUAGES SPOKEN: English, French Patois
 
CURRENCY: East Caribbean Dollar (XCD)
 
CAPITAL: Saint George’s
 
NEAREST AIRPORT: Saint George’s
 
MAJOR INDUSTRIES: Exports, Tourisms

GRENADA

One of the most magnificent islands in the West Indies, Grenada is also known as the ‘Isle of Spice’. Grenada is famous for its wildly jagged mountain peaks, hidden coves, spice plantations, and lush verdant rainforests. The beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the island’s native spices.
The Citizenship by Investment Programme came into being in August 2013 and allows individuals and their families to obtain citizenship or permanent residence.
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GRENADA CITIZENSHIP BY INVESTMENT PROGRAMS

There are several qualifying options of investments to obtain Grenada Citizenship or Permanent Residence:
The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent. 
 
  • Single Applicant USD 150,000
  • Main Applicant and Spouse USD 200,000
  • Family of four members USD 200,000
  • Family over four family members USD 200,000 and USD 25,000 per additional dependant after the third dependant.
NATIONAL TRANSFORMATION FUND (NTF)
APPROVED REAL ESTATE PROJECT
The approved projects encompass real estate developments such as hotels, villas, and resorts and the applicants opting for the approved project (real estate) route must invest at least USD 220,000 as a co-owner or USD 350,000 and must keep the real estate for at least five (5) years following the grant of citizenship. Additional to this:
  • Government fees of USD 50,000 and USD 25,000 per additional dependant after third dependant,
  • Application fee of USD 1500 per person.
  • Due Diligence Fee of USD 5000 per person. If the dependent child is between 0 years – 16 years, there is no due diligence fee. In case the dependent child is between 17 years- 25 years the due diligence fee is USD 5000.
  • Processing Fee of USD 1500 per person. USD 500 in case the person is below 18 years.
Key benefits of Grenada’s Citizenship by Investment Program:
 
  • Minimal Processing Fees.
  • No requirement to reside in Grenada before or after citizenship is granted.
  • Well-known, stable and established investment environment.
  • Right to live and work in Grenada.
  • Rights associated with membership of the Caribbean Community (CARICOM).
  • Dual Citizenship.
  • Eligibility to apply to the USA for a nonimmigrant investor visa, due to the country’s E-2 Investor Visa treaty.
  • Citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents.
  • Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax.
  • Incentive packages exist including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance.
  • Grenadian citizens can travel without visa restrictions to more than 115 international and Commonwealth countries.
Applicant Requirements:
 
  • Hold no Criminal Record.
  • Provide no false information.
  • Should not pose national security risk to Grenada or any other country.
  • Not involved in any activity which could cause disrepute to Grenada.
  • Has not been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial.
  • Proof that the main applicant is at least 18 years old.
  • Proof of funds needed to make the required investments. The source of the funds should be legal.
  • A certificate by a medical practitioner, indicating that the main applicant and his or her applying family members are not suffering from any communicable disease and that they are otherwise in good health.
  • A Police Certificate.
Application Processing Time: Approximately 3 or 4 months
No minimum stay requirement.
Disclaimer:
1. Please note, all information provided here should not be considered legal advice.
2. The text is intended as a source of basic information. It is regularly updated. No liability can be accepted for the accuracy or completeness of its contents.