- Citizenship by Investment
Grenada is one of the Caribbean countries with an area of 348 Km2 and with a population of approximately 107 thousand people which has one of the most attractive Citizenship by Investment Programs in the world. As almost every Caribbean country in the world, Grenada is also very attractive for investors to obtain second passport.Tropical climate, modern lifestyle and business friendly atmosphere makes it amazing place to live and develop your business ideas.
We wish to notify you a recently approved change to the Citizenship by Investment Programme. A decision has been taken to differentiate individual applicants from family applicants under the National Transformation Fund donation option by introducing a category for individual applicants at a contribution of US$150,000. This change will come into effect once the corresponding regulation under the Citizenship by Investment Act No. 15 of 2013 is gazette. This is expected to be put in the place before the end of the year.
This change is only with respect to the National Transformation Fund Donation option. All other contributions and fees remain unchanged.
Grenada’s government relaunched the citizenship by investment program in August 2013. As tourism is a major income of the country, the government decided to establish an attractive investment program, which will boost the economy and create permanent jobs. One of the first issues to establish the program was to train the local workforce with the modern skills by the investors coming from abroad.
Two ways to obtain citizenship by investment:
The biggest advantage of the program is that the holder of Grenada passport is entitled to travel visa free in more than 135 countries. In Grenada there is no income or inheritance taxes. The applicant who received citizenship by investment is entitled to apply American E2 Visa. This type of visa entitles individuals to work inside USA based on investment. This type of visa is not allowed for many countries.
The Citizenship by Investment Programme came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.”
Reasons to choose Grenada?
- Quick application process, as it needs approximately 60 days to issue the passport
- No restriction on dual citizenship
- Visa free travel to more than 135 countries
- Opportunity to apply for the USA E2 Visa
- No inheritance, income or wealth taxes
- No need to visit Grenada in order to apply for the program
- Family friendly as they do not charge due diligence fees for applicant’s family members
- As the country is a member of CARICOM (Caribbean Community), the holder of Grenada passport will be a CARICOM passport too.
- No management, education or interview required
- Stable business atmosphere
The cost of citizenship for a family of four is now USD 200,000 from USD 350,000 until March 2018.
National Transformation FundsA. For a single applicant
Contribution US$200,000 Processing fee US$1,500 Contribution US$200,000 Processing fee for each additional dependent US$1,500 Contribution US$200,000 Processing fee for each additional dependent US$1,500 Contribution US$200,000 Processing fee for each additional dependent US$1,500 Per additional Dependent US$25,000
Applicants opting for the approved project (real estate) route must invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship.For a single applicant
Contribution US$350,000 Processing fee US$1,500 Government fee US$50,000 Main applicant US$5,000 Main applicant and spouse per person US$5,000 Family of four members per person age 18and above US$5,000 For dependents 12-17 years of age US$2,000 Passport Application fee per applicant US$250 Oath of Allegiance fee per applicant US$20 Permanent residence card per applicant US$1,000
Visa-Free/Visa-on-arrival: Armenia, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Bangladesh, Barbados, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Botswana, Brazil, British Virgin Islands, Bulgaria, Cambodia, Cape Verde, Cayman Islands, Chile, China, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Cuba, Curaçao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, Estonia, Fiji, Finland, France, Gambia, Germany, Gibraltar, Greece, Guadeloupe, Guyana, Haiti, Hong Kong, Hungary, Iceland, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Jordan, Kenya, Kiribati, Kosovo, Laos, Latvia, Lesotho, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Maldives, Malta, Martinique, Mauritania, Mauritius, Micronesia, Montenegro, Montserrat, Mozambique, Nepal, Netherlands, Nicaragua, Niue, Norway, Palau, Panama, Peru, Philippines, Poland, Portugal, Romania, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Senegal, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Korea, Spain, Suriname, Swaziland, Sweden, Switzerland, Tanzania, Timor-Leste, Togo, Trinidad and Tobago, Turks and Caicos Islands, Tuvalu, Uganda, United Kingdom, Uruguay, Vanuatu, Venezuela, Zambia, Zimbabwe
Electronic Authorization: Bahrain, Gabon, Georgia, India, Sri Lanka, Turkey
Visa required prior to arrival: Afghanistan, Albania, Algeria, American Samoa, Angola, Australia, Azerbaijan, Belarus, Benin, Bhutan, Bosnia and Herzegovina, Brunei, Burkina Faso, Burundi, Cameroon, Canada, Central African Republic, Chad, Congo Republic, Côte d'Ivoire, Democratic Republic of the Congo, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Falkland Islands (Malvinas), French Guiana, French Polynesia, Ghana, Guam, Guatemala, Guinea, Guinea-Bissau, Honduras, Iraq, Japan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Liberia, Macedonia, Mali, Marshall Islands, Mayotte, Mexico, Moldova, Mongolia, Morocco, Myanmar, Namibia, Nauru, New Caledonia, New Zealand, Niger, Nigeria, Norfolk Island, North Korea, Northern Mariana Islands, Oman, Pakistan, Papua New Guinea, Paraguay, Puerto Rico, Qatar, Russia, Rwanda, Réunion, Saint Barthélemy, Saint Martin (French part), Saint Pierre and Miquelon, Sao Tome and Principe, Saudi Arabia, Serbia, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Syria, Taiwan, Tajikistan, Thailand, Tonga, Tunisia, Turkmenistan, U.S. Virgin Islands, Ukraine, United Arab Emirates, United States, Uzbekistan, Vietnam, Wallis and Futuna, Yemen
Entry denied: Libya
Located in the continent of the Caribbean, Grenada does not share land borders with any countries
East Caribbean dollar(XCD)
Parliamentary democracy under constitutional monarchy
(UTC−4), Summer (DST) (UTC−4)