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  • GRENADA
  • Citizenship by Investment

GRENADA

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
  • Costs

    National Transformation Funds
    A. For a single applicant
    Contribution US$200,000
    Processing fee US$1,500
    B. Main Applicant and spouse
    Contribution US$200,000
    Processing fee for each additional dependent US$1,500
    C. Family of four members
    Contribution US$200,000
    Processing fee for each additional dependent US$1,500
    D. Family over four members
    Contribution US$200,000
    Processing fee for each additional dependent US$1,500
    Per additional Dependent US$25,000
    Real Estate

    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
    Due Diligence:
    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
    Other Applicable fees:
    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-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

Capital

St. George's

Location

Located in the continent of the Caribbean, Grenada does not share land borders with any countries

Language

English

Currency

East Caribbean dollar(XCD)

Government

Parliamentary democracy under constitutional monarchy

Area

348.5 km2

Population

109,590

Time Zone

(UTC−4), Summer (DST) (UTC−4)

63.2
VISA FREE

0.0
ECONOMIC STRENGTH

53.4
HOUSING

70.3
COST OF LIVING

27.5
DOING BUSINESS

97.6
SAFETY & SECURITY

46.7
EDUCATION

52.9
HEALTHCARE

56.5
ENVIRONMENT

57.2
GROWTH RATE

  • MOBILITY: The number of countries you can travel visa-free.
  • ECONOMIC STRENGTH : How strong country’s economic is.
  • HOUSING: Prices of housing and real estate.
  • COST OF LIVING: How cheap goods and services are.
  • BUSINESS: Easiness of doing business.
  • SAFETY & SECURITY: Crime rates in the country.
  • EDUCATION: Primary and secondary education level.
  • HEALTHCARE: Healthcare system development.
  • ENVIRONMENT: Quality of country’s environment.
  • GROWTH RATE: How fast economic is growing.

CITIZENSHIP BY INVESTMENT PROGRAMS

ANTIGUA & BARBUDA

Citizenship By Investment

CYPRUS

Citizenship By Investment

DOMINICA

Citizenship By Investment

GRENADA

Citizenship By Investment

MALTA

Citizenship By Investment

SAINT LUCIA

Citizenship By Investment

ST. KITTS & NEVIS

Citizenship By Investment



 

ST. KITTS & NEVIS

Kennylin House, New Street
Basseterre, St. Kitts KN.


P.O.BOX
440

Tel
+(1869) 465 2878

Fax
+(1869) 465 6077

Email
skn@bayatgroup.com


 

ANTIGUA & BARBUDA

Roberts Building 60 Nevis Street,
St. John’s, Antigua.


P.O.BOX
1301

Tel
+(1268) 462 0076

Fax
+(1268) 462 3077

Email
atg@bayatgroup.com


 

MONTREAL (CANADA)

3418 Stanley Street #R1
Montreal, Quebec, Canada H3A 1R8.

Tel
+(514) 845-0232

Fax
+(514) 845-0203

Email
mtl@bayatgroup.com


 

NEW YORK (USA)

1Barker Ave, White Plains,
NY 10601, United States.

Tel
+1 914-793-2626

Email
mtl@bayatgroup.com


 

PARIS (FRANCE)

91 , Rue de l' Université
75007 France.


Tel
+335 385 93 00

Fax
+334 551 0119

Mob
+336 801 7808

Email
paris@bayatgroup.com


 

DUBAI (U.A.E)

Suite 2302, Al Moosa Tower II, Trade
Centre area, Sheikh Zayed Rd, Dubai, U.A.E.


P.O.BOX
32422

Tel
+(9714) 355 4646

Mob
+(97150) 624 4646

Fax
+(9714) 355 2357

Email
dxb@bayatgroup.com


 

ABU DHABI (U.A.E)

Level 17, The Offices World trade Center Central Market, Al Markaziya, Abu Dhabi, UAE.


P.O.BOX
3876

Tel
+971 2 654 4086

Mob
+971 52 450 5922

Email
aud@bayatgroup.com


 

KUWAIT

Sahab Tower, level 18 Salhia,
Kuwait city, Kuwait.

 

Tel
2227 3887


 

ROSEAU (DOMINICA)

14 Great Marlborough, Roseau,
Commonwealth of Dominica.

Tel
+1 (767) 612 8290

Mob
+(1 767) 277 8399

Email
dom@bayatgroup.com


 

BEIRUT (LEBANON)

Suite 2029, Louis Vuitton Building
Allenby St. Beirut Souks Area,
Beirut, Lebanon

 

Tel
+(961) 1 957561

Email
bei@bayatgroup.com


 

JEDDAH (KSA)

Level 26 King’s Road Tower, King’s Road, Kingdom of Saudi Arabia.

P.O.BOX
Box 40469, Jeddah 21499

Tel
+966 (12) 229 3248


 

GEORGIA

Freedom Square 4a,
Tbilisi, Georgia.

Tel
+(995) 3 22 424252

Email
tbs@bayatgroup.com


 

KUALA LUMPUR (MALAYSIA)

Menara Standard Chartered,
Unit 35-3
.

Tel
+60 (32) 110 9000

Email
kul@bayatgroup.com