Grenada

Citizenship by Investment

Overview

Brief Introduction: Grenada gained independence in 1974 without breaking formal ties to the British Commonwealth. Grenada is an island nation made up of the island of Grenada and six small islands at the south end of the Grenadines in the Caribbean Sea. Often called the “Island of Spice”, the nation is one of the world’s top producers of nutmeg, mace and other spices. Grenada is attractive for the option for Grenadians to apply for E-2 USA ‘Investor Visa’ to reside in the United States. Grenada citizenship applicants obtain an irrevocable citizenship and passport without having to reside in the country or renounce their current nationality.

Info

Grenada is an island nation made up of the island of Grenada and six small islands at the south end of the Grenadines in the Caribbean Sea. Often called the “Island of Spice”, the nation is one of the world’s top producers of nutmeg, mace and other spices.

An estimated 110,000 people call the 133 square miles of Grenada home. Many of them live in and near St. George’s, the capital city. English is the official language used in government, but Grenadian Creole is the most common language heard on the streets. Perhaps 10 to 20 percent of the population speaks French Patois.

Tourism is the economic engine behind the nation’s economy, which is based on the East Caribbean Dollar (XCD). A large cruise ship pier accounts for a recent increase in tourism on the island. Other visitors arrive at Maurice Bishop International Airport and can connect with nearby islands as well as to Canada, Europe and the United States.

The nation has a rich and vibrant history that has developed largely because of its unique past. Once a French colony, then a British colony, Grenada became independent and was then reorganized with the influence of the United States. Stable and democratic since 1983, a prime minister leads the nation.

As a commonwealth, however, Grenada citizens are subjects of the British monarchy. As part of the Commonwealth, Grenada’s citizens are mostly of mixed descent due to the island’s varied cultural heritage. Today, there are many citizens of African and Native American descent, as well as those whose ancestors came from France and England.

The Citizenship by Investment (CBI) program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament. It stipulates that any person can apply for naturalization and may be eligible for Citizenship on a payment of fees if the Government is satisfied that such person has invested substantially in Grenada.

Capital
St.George’s
Population
110 000
Language
English & Creole
Government Type
Parliamentary democracy
Currency
Eastern Caribbean Dollar (XCD)
Exchange Rate
1USD = 2.7XCD

ADVANTAGES

CITIZENSHIP BY INVESTMENT OPTIONS

1. Donation (National Transformation Fund “NTF”) - nonrefundable financial contribution to government fund, depending on number of applicants and their ages

Single applicant
$150 000
Main applicant plus spouse
$200 000
Main applicant plus three dependants
$200 000
Any additional dependent
$25 000

2. Real Estate - Investment in a government-approved real estate project which could be a freehold property, hotel shares, or fractional ownership.

Minimum investment (must hold for three years or longer depending on project)
$200 000

Government Fees

When the application is approved, the following government fees will apply:
Main applicant
$25 000
Main applicant, spouse, and 2 dependents (under 30)
$50 000
Dependant (under 30)
$25 000
Additional dependant (sibling of main applicant or sibling of spouse)
$25 000

Additional Fees (for both Investment Options)

Due Diligence & Background Checks:
Compulsory background checks are payable to Government-preferred international due diligence agencies to screen applicants (ie:Interpol).
Main applicants
$5000
Spouse
$5000
Additional dependant (17-29 years of age, parents 55 and over, siblings older than 18)
$5000

Other Fees

Processing Fee
$15 00 (per application)
Processing fee (per child under 16
$500
Naturalization fee
$250
Passport fee
$12 00
Grenadian Permanent Residency Card
$1 000
Professional, legal, and courier fees are additional and can vary. Please contact us to provide a full, itemized and detailed quote for your application.

TIMEFRAME & PROCESS

Step One:

You will be appointed a specialized team member to advise on the collection of required documents. Our team will support you every step of the way to ensure all documents are perfect to ensure a successful application.

Step Two:

Government processing fees, due diligence fees, and professional & legal fees are payable when we are ready for you to courier all your documents for submission to the government

Step Three:

Once the application has been submitted, due diligence will take 3-4 weeks. You will receive an approval letter when the government receives the due diligence report. Once accepted you are requested to pay the donation or investment.

Step Four:

A Naturalization Certificate and your passport are issued in your name and couriered to you.

Grenada VISA FREE COUNTRIES

144

COUNTRIES

AMERICAS

Argentina, Belize, Bermuda, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, French Guiana, Guyana, Nicaragua, Panama, Peru, Suriname, Uruguay, Venezuela

MIDDLE EAST

Armenia, Iran, Israel, Jordan, Lebanon, Palestinian Territory

CARIBBEAN

Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Bonaire; St. Eustatius and Saba, British Virgin Islands, Cayman Islands, Cuba, Curacao, Dominica, Dominican Republic, French West Indies, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Maarten, St. Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands

EUROPE

Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Greenland, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russian Federation, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom, Vatican City

ASIA

Bangladesh, Cambodia, People’s Republic of China, Hong Kong (SAR China), Indonesia, Laos, Macao (SAR China), Malaysia, Maldives, Nepal, Philippines, Singapore, South Korea, Sri Lanka, Timor-Leste, Uzbekistan

AFRICA

Botswana, Cape Verde Islands, Comoros Islands, Egypt, Eswatini (Swaziland), Gambia, Guinea-Bissau, Kenya, Lesotho, Madagascar, Malawi, Mauritania, Mauritius, Mayotte, Mozambique, Rwanda, Senegal, Seychelles, Sierra Leone, Somalia, St. Helena, Tanzania, Togo, Uganda, Zambia, Zimbabwe

OCEANIA

Cook Islands, Fiji, French Polynesia, Kiribati, Micronesia, New Caledonia, Niue, Palau Islands, Samoa, Solomon Islands, Tuvalu, Vanuatu
Reach out to us to confirm if the country is visa-free or visa on arrival

FAQ

The average time of an application is 4-5 months.

Yes, all permitted dependents can be included in an application for economic citizenship. This includes dependent children under the age of 30 and dependent parents over the age of 55. Children over 29 years must apply as single applicants in a separate application.
Children of 18-29 years are deemed dependents provided they are in full-time education or are entirely independent on the applicant. Parents over the age of 55 are also deemed dependents provided they are entirely dependent on the applicant.
Currently Grenada does not explicitly restrict any countries or territories.
This is a background check on every applicant over the age of 16 years. The Grenada Citizenship By Investment unit has preferred agencies that will use Interpol, World-Check and government agencies where the applicant has resided. The fees are payable when we submit the application and are non-refundable. The prices are determined by the Government of Grenada and are $5000 for each applicant.
The NTF is the donation option; the funds are non-refundable and would only be payable once you have had a successful due diligence check and been approved for citizenship. The Real Estate Investment option is an investment into Government approved real estate projects. Caribbean Citizenship works solely with developers who have completed projects that are operational and successful. Your asset can therefore offer a rental return or be re-sold in the future. Clients prefer the real estate route to an additional asset, a Certificate of Title to property, as well as utility bills in their name.
144 countries, including Schengen countries, United Kingdom, Switzerland, Singapore, Hong Kong. Please contact us for a current visa-free listing.
Yes, all Dominican passports clearly state the original place of birth.
No there is no need to travel to Grenada, our team will support you in submitting the paperwork and liaise with the Citizenship Invest Unit on your behalf
The NTF Donation Option starts at $150,000 donation for a single applicant and for Real Estate $220,000. Both options have legal fees, due diligence fees, application fees and passport fees in addition.
Yes, new born children are eligible for citizenship by descent.
Yes, newborn children are eligible for citizenship by descent.
Yes, our firm will help you secure any and all additional ID documents following your successful citizenship application.
Yes, we help families renew passports and replace passports. You will receive both your old and new passports back after the process.

BROCHURE

  • Program Overview
  • Citizenship Law
  • Country profile
  • Benefits of the program
  • Applicants Qualifications
  • Investment requirements
  • Application Fees
  • Document Checklist
  • List of countries Visa free and on arrival

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