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Must be 18+ years old and have a clean past with no criminal record. The investor should be in a good health condition. Must also be qualified to conform to the legitimacy of the income.
The spouses of the investors are eligible to apply for citizenship in Grenada. However, just like the investors, they must also have a clean record.
Children of investors under 30 years and entirely financially dependent on the investors or their spouses are eligible to apply for citizenship in Grenada. However, children are eligible to apply for citizenship together with the investor.
Parents and grandparents of the investors who are fully financially dependent on the investors or their spouses are eligible to apply for citizenship in Grenada.
Siblings of investors over 18 years, unmarried and with no children are eligible to apply for citizenship in Grenada.
Applicants seeking Grenada citizenship by investment are mandated to fulfil various financial, legal, and due diligence requirements. Once the applicants complete the process, they obtain Grenada citizenship, earning international mobility and family inclusion benefits. The requirements include the following:
Applicants seeking Grenada Citizenship by Investment are required to make a non-refundable donation of $235,000 to the National Transformation Fund (NTF). They can also invest $270,000 in government-approved real estate projects and hold the investment in these projects for at least 5 years.
All the applicants must qualify for the stringent due diligence checks as a mandatory requirement for obtaining citizenship in Grenada. Applicants must have no past criminal record and should be able to prove the legitimacy of the investment funds.
The applicants must ensure to pay all the additional charges, including government processing fees, due diligence costs, legal expenses along with the cost of investment required to obtain citizenship.
Eligible dependents, including spouses, children under 30, parents, grandparents and siblings with no children, are eligible to apply for citizenship along with the investor. However, each dependent must be able to fulfil the eligibility criteria.
Applicants seeking citizenship in Grenada are not required to meet physical residency before or after obtaining citizenship. However, citizenship facilitates them to travel visa-free across 140 countries, including the UK and the Schengen Zone.
The process of obtaining citizenship in Grenada is long and extensive. Applicants may have to wait 4 to 6 months from the date of application submission to complete the overall process and gain approval from the authorities.
Grenada Citizenship by Investment program offers various benefits to applicants, including visa-free travel, tax benefits, and facilitates exploring business opportunities. Investors who obtain their citizenship through this route can access the USA hassle-free. Key benefits of the Grenada Citizenship Program include the following:
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Grenadian citizens can travel to over 140 countries around the world, visa-free or with the visa-on-arrival facility, including Singapore, the UK, Hong Kong and the Schengen zone. They can also enjoy a 30-day visa-free stay in China.
Grenada citizens are eligible to apply for an E-2 visa, which allows them to live and work in the USA by way of setting up or investing in a business there. However, to do so they must be able to invest at least $100,000, post which, they can leverage the benefits of a second home in the US.
Grenadian passport holders are qualified to acquire a 10-year B-1/B-2 visa, which makes them legally eligible to stay up to 180 days per year in the United States to attend business meetings, enjoy tourism, or avail medical treatment.
Investors who are successful in obtaining citizenship of Grenada can register international businesses there and benefit from various tax benefits, such as lower tax rates, zero currency control restrictions, and improved privacy. It is important to mention that Grenada does not make register the beneficial owners’ personal details in the public commercial register.
Grenada offers various tax benefits, including zero taxes on global income, dividends, interest, royalties, inheritance, or capital gains. These tax benefits make Grenada a business-friendly country, offering a favourable tax environment for individuals as well as large businesses.
The citizenship of Grenda opens a second home for global investors, who get to enjoy an opportunity to live, holiday or retire in the beautiful Caribbean nation. Its pristine beaches, warm climate, stable economy, and investor-friendly government promise a stress-free life for work and fun.
Global investors seeking Grenada citizenship do not need residency requirements, language tests or interviews. While the process is remote, it is thoroughly confidential, and despite being exhaustive, it is completed within 4 to 6 months. The investment is needed only after the authorities approve the citizenship application.
One of the most significant benefits of the citizenship by investment program is that it includes spouses, children, parents, grandparents and siblings in the citizenship application. Grenadian citizenship is hereditary, which ensures that future generations can inherit and benefit from Grenada's nationality.
Grenada facilitates obtaining citizenship through various programs and routes, including investments, birth, descent, marriage, or naturalization. At the same time, each path involves different eligibility criteria, offering individuals and families a safe route to becoming citizens of Grenada. The process to secure Grenada Citizenship by Investment involves the following:
Investors must ensure to collect all the important documents required for process completion, including a passport, a birth certificate, proof of funds, a police clearance, and a marriage certificate (if applicable).
Once the application has been filled out, it must be submitted through an authorized agent for the Citizenship by Investment Program. Investors can also choose to submit it directly to the government for other routes.
Applicants for the Citizenship by Investment program must be willing to undergo due diligence checks and background verifications to confirm their clean records. It also helps authorities to ascertain the sources of the investment.
Investors who have applied for citizenship in Grenada through investment must donate the required amount to the National Transformation Fund or invest in real estate. At the same time, naturalization applicants must fulfil the residency requirements.
If the applicants fulfil the required criteria and meet all the conditions, the government of Grenada proceed to grant approval to their application, facilitating investors to make the payment for the investment as per the requirements.
Once the applicants receive the approval successfully, they become eligible to receive their Grenadian citizenship certificate. Once they receive this certificate, they become eligible to apply for a Grenadian passport.
Investors who want to apply for Grenada citizenship program have two options to avail the citizenship. One option is to make a non-refundable contribution of $235,000 to the National Transformation Fund (NTF). The other option facilitates real estate purchases worth $270,000+. Let us explore both options in detail below:
National Transformation Fund (NTF): The contribution to the National Transformation Fund (NTF) is non-refundable, and the contribution starts from $235,000. The NTF plays a pivotal role in financing local projects across different sectors, including tourism, agriculture and alternative energy.
| Investor | Married Couple | Family of 4+ | |
|---|---|---|---|
| Fund Contribution | $235,000 | $235,000 |
$235,000 $25,000 – per parent or grandparents (over 55 years of age) or child, starting with 5th family member $50,000 – per parent or grandparent (under 55 years of age) |
| Due Diligence | $5,000 | $10,000 | $5,000 - per family member, 17 years or older |
| Other Fees | $4,500+ | $8,850+ | $13,350+ |
Real Estate Investment: Investors are eligible to purchase state-approved properties with full or shared ownership rights. Conditions for shared ownership include:
Other approved projects can be purchased for $350,000. While the actual fee for share registration varies on the property chosen, applicants are eligible to sell the property five years after acquiring a Grenadian passport.
| Investor | Married Couple | Family of 4+ | |
|---|---|---|---|
| Real Estate Investment | $270,000 | $270,000 | $270,000 |
| Administrative Fee | $50,000 | $50,000 |
$50,000 + $25,000 – per parent or grandparents (over 55 years of age) or child, starting with 5th family member + $50,000 – per parent or grandparent under 55 years of age + $75,000 per sibling |
| Share Registration Fee | ≈ $11,000 | ≈ $11,000 | ≈ $11,000 |
| Due Diligence | $5,000 | $10,500 | $5,000 – per family member 17 years of age or above |
| Other Fees | $4,500+ | $8, 850+ | $13,350+ |
Expenses for a Family of 4: For the two spouses and their children.
| Fund Contribution | Real Estate Purchase | |
|---|---|---|
| Investments | $235,000 | $270,000 |
| State Fees | - | $50,000 |
| Due Diligence | $15,000 | $15,000 |
| Other Fees | $15,450 | $26,450 |
| Total Fees | $265,450 | $361,450 |
The citizenship laws in Grenada are governed by legal acts, regulations, and government agencies to ensure process transparency, compliance, and integrity in the overall citizenship approval process. The applicants must ensure that they align with the regulatory framework for Grenada Citizenship by Investment for a seamless and hassle-free citizenship acquisition process.
The Grenada Citizenship Act governs and sets the legal foundation for investors seeking citizenship in Grenada through different means, including citizenship by birth, descent, marriage, naturalization, and investment. This act defines the eligibility, rights, and obligations of the applicants.
The Citizenship by Investment Act of 2013 manages the investment-based citizenship program in Grenada. It outlines the investment required to seek citizenship, highlights the due diligence processes, and specifies the revocation conditions.
The Grenada Citizenship by Investment Unit (CBIU) is responsible for managing the applications to ensure compliance adherence and due diligence checks. The CBIU also confirms the sources of the investment and checks if the legal procedure has been duly followed.
The due diligence process follows stringent background verification methods to ensure applicants fulfil all the financial and legal requirements. This process helps prevent fraud and illegal activities.
The Grenadian government examines and revises rules to facilitate the integrity of the Citizenship by Investment program. This is done to ensure that applicants make use of the monetary benefits associated with the program, which in turn helps it maintain the global credibility of the program.
It takes at least 1 to 2 weeks to select the right authorized agent to guide the Grenada Citizenship by Investment process, such as the ideal pathway and amount required, paperwork needs and application procedure.
It takes at least 2 to 4 weeks for the applicants to collect all the documents required to initiate the application process, including a passport, proof of funds, and police clearance. Once the documents are collected, they are attached to the application, which is then submitted to the Grenada Citizenship by Investment Unit (CBIU).
Once the application is formally submitted to the Grenada Citizenship by Investment Unit (CBIU), it is officially reviewed by the CBIU, which also conducts a thorough background check to assess the eligibility criteria of the applicants. This process takes 6 to 8 weeks as it involves legal and financial compliance adherence.
Once the applicants have followed the due process and have met all the conditions required to proceed with the citizenship application, the government proceeds to issue an approval-in-principle. This process, however, takes 1 to 2 weeks.
After the government issues the approval for the citizenship application, the applicants must proceed to invest in either a state-approved real estate project or donate to the National Transformation Fund. This process takes 2 to 4 weeks to complete.
Once the final approval is obtained, the applicants receive their citizenship certificate within 2 to 3 weeks. Once the certificate is obtained, they become eligible to apply for a Grenadian passport after completing the due process.
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