The Grenada Citizenship-by-Investment program closed in 2001 and then reopened in 2013.
The Citizenship by Investment Act allows investor applicants to qualify for expedited naturalization as Grenadian citizens in two ways;
1. Investment of a minimum of US$ 350,000 in an Approved Real Estate Project. Routine applications, once they have passed the KYC checks, will be processed within 60 days with a passport to be issued shortly afterward. The investment is subject to a minimum holding period of four (4) years. The investment does not include government processing fees, due diligence check and other associated costs.
2. A non-refundable donation to the Island Transformation Fund. This option although not ready to receive applications currently is available in a two-step program for a little over US$200,000. This process involves first obtaining Grenada Permanent Residence and then applying for naturalisation as a second step.
Routine applications, once they have passed the KYC checks, will be processed within 60 days with a passport to be issued shortly afterward.
An investment in Grenada leading to citizenship comes with many advantages including no income and no capital gain taxes, as well as visa free travel to over 110 countries including the United Kingdom, Hong Kong, China, Singapore and Schengan zone. Applicants and their dependents who have previously been denied a visa to countries which Grenada has visa-free access may not apply into this program unless they obtain a visa beforehand.
Dual citizenship is allowed and individuals who will not become resident for tax purposes in Grenada are not subject to any personal income tax.
For more information, please visit the government website:
Reasons to choose Grenada?
- Fast processing within 4 months;
- Inclusion of dependent children under 25 years;
- Inclusion of and dependent parents over 65 years;
- No physical residency requirements;
- No requirements to travel to Grenada during the application process;
- No interview, education or management experience required;
- Visa-free travel to over 100 countries;
- No tax on worldwide income.
- E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein;
LIST OF VISA FREE TRAVEL COUNTRIES FOR GRENADA PASSPORT HOLDERS
AFRICA: Botswana, Lesotho, Gambia, Malawi, Mauritius, Tanzania, Uganda, Zambia, Zimbabwe,
AMERICAS: Anguilla, Argentina, Aruba, Bahamas, Barbados,Belize, Bermuda, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Dominica, Ecuador, El Salvador, French Guiana, Grenada, Greenland, Guatemala, Guyana, Haiti, Jamaica, Saint Kitts & Nevis, Honduras, Martinique, Mexico, Netherlands Antilles, Nicaragua, Panama, Peru, Saint Lucia, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, Venezuela, Saint Vincent and Grenadines, British Virgin Islands
ASIA: Bangladesh, China, Israel, Malaysia, Mongolia, South Korea, Singapore,
EUROPE: Andorra, Armenia, Croatia, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, France, Finland, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Lithuania, Luxembourg, Malta, Monaco, Montenegro, Netherlands, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom, Vatican City
OCEANIA: Kiribati, Micronesia, Vanuatu
VISA ON ARRIVAL
Samoa, Seychelles, Solomon Islands, Kenya, Armenia, Laos, Madagascar, Maldives, Mauritania, Mozambique, Nepal, Nicaragua, Palau, Senegal, Somalia, Timor-Leste, Togo, Tuvalu, Bolivia, Cambodia, Cape Verde, Comoros, Djibouti, Egypt, Guinea Bissau, Iran, Jordan
• Please note that this list is subject to change and so kindly confirm the information before planning any trip.