Grenada
The Grenada Citizenship by Investment Program was established in August 2013 following the passage of the Citizenship by Investment Act, 2013 by the Grenadian parliament. This program provides a pathway to Grenadian citizenship through substantial investments, aiming to attract high-net-worth individuals and boost the country's economy. It offers various investment options, including contributions to a government fund or real estate purchases. Since its inception, the program has been designed to provide significant benefits, including visa-free travel to numerous destinations and the opportunity to live and work in Grenada.
Citizenship by Investment Overview
The Grenada Citizenship by Investment Program mandates that applicants make a substantial economic contribution to the country.
Investment
Minimum contribution of USD 235,000
Processing Time
Seven to Eight months
Key Benefit
Freedom to travel to 135+ countries including China, Russia, Singapore, UK, EU, Canada and more with visa-free access.
Key Facts
Capital
St. George’s
Languages
English, Creole French
Currency
East Caribbean dollar (XCD)
Population
126,183 (2024)
Grenada Citizenship by Investment
The Grenada Citizenship by Investment Program requires applicants to either make a substantial economic contribution to the country or invest in a government-approved qualifying asset. In return, and following a rigorous vetting and due diligence process that includes comprehensive background checks, applicants and their families will be granted citizenship.
Benefits of the Grenada Citizenship by Investment Program
Visa-free or visa-on-arrival access to over 135 destinations, including China, Hong Kong, Singapore, the UK, and the Schengen Area.
The only Caribbean citizenship by investment program with an E-2 Investor Visa Treaty with the USA, allowing citizens to apply for a non-immigrant visa after residing in Grenada for a continuous period of three years.
Citizenship can be passed on to new spouses and future generations.
The program allows the inclusion of a spouse, children under 30, unmarried siblings aged 18 and over, as well as parents and grandparents of both the main applicant and their spouse.
Grenada permits dual citizenship without restrictions.
There is no minimum stay requirement.
Requirements of Grenada citizenship by investment
To be eligible for citizenship, the primary applicant must be over 18, meet the application criteria, and choose one of the two primary qualifying options:
National Transformation Fund Donation Option: A non-refundable contribution of at least USD 235,000 to the National Transformation Fund for either a single applicant or a family of up to four members.
Real Estate Option: Purchase of property worth at least USD 270,000 from a government-approved project, with an additional non-refundable contribution of USD 50,000. The real estate must be held for five years if resold to another citizenship by investment applicant, or it can be sold at any time after purchase.
Why Choose Grenada?
Visa-Free Travel: As Grenada is part of the Commonwealth of Nations, citizens may travel visa-free to over 115 countries, including the UK, EU, and Canada.
Investment in a Stable and Prosperous Country: Grenada offers investors a secure environment with strong economies, making it an excellent opportunity for those hoping to gain citizenship through investment.
Political Stability: The country’s history of political stability provides a secure environment for investment and business endeavors.
Strategic Location: Situated in the Caribbean, Grenada offers a central and convenient location for trade and investment activities, serving as a gateway to both North and South America
Emerging Sectors: Grenada is actively investing in sectors such as tourism, renewable energy, and agribusiness, presenting ample opportunities for investors seeking growth areas.
Procedures and time frame of the Grenada Citizenship by Investment Program
The Grenadian citizenship application process is streamlined and straightforward, with no requirement for the applicant to visit Grenada in person.
For the real estate option, the processing time may vary depending on the project. It's crucial to choose a real estate development that can provide the required documentation from the developer.
The entire process typically takes between 3 to 6 months from the submission of the application to receiving citizenship and passports.
Grenada Citizenship by Investment frequently asked questions
What is the Grenada Citizenship by Investment Program?
The Grenada Citizenship by Investment Program provides citizenship to individuals and their families in exchange for substantial economic contributions.
What are the investment options available for the Grenada Citizenship by Investment Program?
Investment options include making contributions to the National Transformation Fund or investing in real estate.
What are the benefits of obtaining Grenadian citizenship through investment?
Benefits include visa-free access to over 140 countries, the ability to live, work, and study in Grenada, and the opportunity to enjoy its tropical climate and stunning beaches.
What is the minimum investment required for the Grenada Citizenship by Investment Program?
The minimum investment starts at USD 235,000 for a contribution to the National Transformation Fund. This includes the main applicant and up to four family members.
How long does it take to process an application for the Grenada Citizenship by Investment Program?
The processing time is approximately seven to eight months.
Can family members be included in the Grenada Citizenship by Investment Program application?
Yes, the main applicant can include their spouse, dependent children, and dependent parents in the application.
What are the residence requirements for the Grenada Citizenship by Investment Program?
There are no mandatory residence requirements, but applicants are encouraged to visit Grenada.
What documents are required for the Grenada Citizenship by Investment Program application?
Required documents include a valid passport, proof of investment, health insurance, a clean criminal record, and other supporting documents.
What is the process for applying to the Grenada Citizenship by Investment Program?
Applicants must choose a qualifying investment, submit the application with the necessary documents, and undergo a due diligence process.
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