About Grenada

Grenada is a Caribbean country composed of three main islands: Grenada, Carriacou, and Petite Martinique.

Grenada, also known as the ‘Spice Island of the Caribbean,’ is a colourful nation with tropical scenery and welcoming people. In addition to sandy beaches, spectacular waterfalls, and abundant spices, Grenada offers a high standard of living, with festive and sports events throughout the year.

Independent since 1974, Grenada is a member of the Commonwealth of Nations, the United Nations (UN), the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), and the Organisation of American States (OAS). With a democratic parliamentary governmental system, Grenada is politically, socially, and economically stable.

The Grenadian educational system is modelled on the British educational system, and the population of Grenada is highly educated. St George’s University, located in the nation’s capital city, is one of the best offshore universities in the world, offers courses in medicine and veterinary science, and welcomes over 6,000 students every year.

Location

The islands of Grenada, Carriacou, and Petite Martinique are located in the south-eastern Caribbean Sea, near Trinidad and Tobago. They are part of the Windward Islands, in the Lesser Antilles.

Grenada’s modern airport makes the islands directly accessible from London, Toronto, New York, and Miami.

Citizenship By Investment

Grenada’s Citizenship by Investment Programme allows investors and their families to obtain a second citizenship in exchange for an economic contribution to the country. Having restructured, redeveloped, and re-launched its citizenship by investment programme in 2013, the Caribbean island-nation has become a popular second citizenship option, particularly among those with larger families. Through Grenada’s Programme, successful applicants can obtain citizenship, and later, a passport that allows travel to more than 140 countries and territories.

General Requirements

Applicants for the Grenada Citizenship by Investment Programme must fulfill the following conditions:

  • Be at least 18 years old
  • Be of good character
  • Have no criminal record
  • Pass a detailed background check
  • Be able to provide proof of source of funds
  • Be healthy

Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents or grandparents.

Each and every applicant, including all family members must be approved individually by the Government of Grenada through a strict due diligence procedure.

Benefits of Grenada Citizenship

The Grenada citizenship by investment programme provides an opportunity to apply for a Grenada passport and a huge range of benefits including:

  • Citizenship for life, with the right to live and work in the country
  • No requirement to visit Grenada before, during, or after application
  • Ability to pass on citizenship to future generations
  • The right to apply for a US E-2 Visa as a citizen of a qualifying treaty country
  • Right to hold dual citizenship
  • Global mobility
  • No interview requirement
  • No English language requirement
  • No foreign income, capital gains, gift, and inheritance tax

Investment Options

Investors and their families may become citizens of Grenada through the Citizenship by Investment Programme by selecting one of two options:

  • A one-time contribution to the National Transformation Fund (NTF)
  • An investment in pre-approved real estate

The National Transformation Fund (NTF)

The NTF option is the most popular alternative for citizenship by investment in Grenada. The National Transformation Fund NTF was established in 2013 to assist the transformation of Grenada’s economy into one that is diversified, resilient, and prosperous. The minimum required contribution under the NTF option is US$ 150,000. Due Diligence, application and processing fees apply.

  • Main applicant: US$ 150,000
  • Family up to four members:US$ 200,000

Pre-approved Real Estate

There are two options available to applicants who want to invest in real estate in Grenada. In both cases, the investment must be held for a period of five years from the date citizenship is received.

  • Joint investment in pre-approved tourism accommodation: US$ 220,000
  • Independent investment in pre-approved real estate: US$ 350,000

Due diligence, application and processing fees apply.

  • Main applicant: US$ 50,000
  • Family of up to four people (except parents and grandparents under 55 and siblings): US$ 50,000
  • Additional family member (other than parents and grandparents under 55 and siblings): US$ 25,000
  • For any additional qualified dependant: US$ 50,000
  • Sibling: US$ 50,000
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