Grenada Citizenship By Investment
A Grenada citizenship by investment program was introduced to the public in 2013.
A Grenada passport by investment is a low-cost ticket to visa-free travel to over 140 countries, including the UK, China, and the Schengen Area.
Visa free countries for Grenada
Application Process
Minimum investment
Validity of Passport
Why to buy Grenada Citizenship?
GDP (per capita)
Hurricane probability
Grenada Passport Ranking
Population
What are the Benefits of Grenada Citizenship?
Travel without obstacles
- The list of visa free countries for Grenada passport holder includes Europe, Latin America, Hong Kong, Singapore, Russia, South Korea and many others.
- The list of countries you can visit with Grenada passport is not fixed. It may change from time to time depending on the diplomatic and political ties between Grenada and third country.
Fast Application Process
- Grenada citizenship by investment processing time usually takes in between 6 to 10 months to get the citizenship.
- The length of the application process depends on the chosen investment options, as well as how fast you will be able to provide the requested information.
No residency requirements
- The Grenada CBI program does not require applicants to live in the country prior to the start of the application process.
- The Grenada passport application process could be done 100% remotely. There is no need to visit the country in order to submit documents
Benefits of CARICOM
- By obtaining citizenship of Grenada you can easily reside, travel or retire in other Caribbean countries, which are members of CARICOM.
- The actual members of CARICOM include the following countries: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Jamaica, Grenada, Guyana, Haiti, Monserrat, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Saint Lucia, Suriname, Trinidad and Tobago.
Tax advantages for HNWI
- Grenada boasts a tax-friendly environment, meaning no taxes on worldwide income, wealth, gifts, inheritance, or capital gains for individuals.
- Individuals become tax residents in Grenada if they spend 183+ days in Grenada within one calendar year.
Grenada dual citizenship
- The Grenada’s law allows you to hold dual citizenship. It means that you do not need to give up on your current passport after obtaining Grenada citizenship.
- You can keep getting new passports as well after the obtainment of Grenadian citizenship.
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Grenada Investment Options
National Transformation Fund
Real Estate Investment (Solo Ownership)
Real Estate Investment (Shared Ownership)
- Grenada economic citizenship program offers potential applicants to get the passport through the investment into the NTF.
- Grenada citizenship by donation option requires a non-refundable contribution of $235,000 aimed to bolster the country’s economy and infrastructure.
* The sum of the NTF contribution may differ depending on the family members included into the application.
** The total cost of Grenada passport indicated below does not include professional legal fees, minor administrative expenses for issuance of the passport, courier fees, bank charges, as well as the certificate of naturalization.
| Fees (in USD) | Single Applicant | Married couple | Married couple with two kids below 17 y.o. | Married couple with two kids above 17y.o. and two applicant's parents |
|---|---|---|---|---|
| NTF Contribution * | $ 235,000 | $ 235,000 | $ 235,000 | $ 335,000 |
| Due Diligence Fee | $ 5,000 | $ 10,000 | $ 10,000 | $ 30,000 |
| Application Fee | $ 1,500 | $ 3,000 | $ 6,000 | $ 9,000 |
| Processing Fee | $ 1,500 | $ 3,000 | $ 4,000 | $ 9,000 |
| Interview Fee | $ 1,000 | $ 2,000 | $ 2,000 | $ 6,000 |
| Total ** | $ 244,000 | $ 253,000 | $ 257,000 | $ 389,000 |
- Grenada citizenship by investment real estate option allows you to invest into high-end luxury villas, apartments and hotels which could be used for residential and tourism purposes.
- The investment should be made only into the real estate from the list of Grenada CBI approved projects.
- Grenada passport holders should not re-sale or dispose the purchased real estate within the first 5 years after getting the passport.
* Once Grenada passport application is approved in principle, the applicant is required to pay additional government fee. The amount of the government fee differs depending on the composition of the family.
** The Grenada passport cost indicated above does not include legal fees, stamp duties, administrative fees for issuance of a paper passport, courier fees, bank charges and certificate of naturalization.
| Fees (in USD) | Single Applicant | Married couple | Married couple with two kids below 17 y.o. | Married couple with two kids above 17 y.o. and two applicant's parents |
|---|---|---|---|---|
| Minimum Investment | $ 350,000 | $ 350,000 | $ 350,000 | $ 350,000 |
| Due Diligence Fee | $ 5,000 | $ 10,000 | $ 10,000 | $ 30,000 |
| Application Fee | $ 1,500 | $ 3,000 | $ 4,000 | $ 9,000 |
| Processing Fee | $ 1,500 | $ 3,000 | $ 6,000 | $ 9,000 |
| Interview Fee | $ 1,000 | $ 2,000 | $ 2,000 | $ 6,000 |
| Government Fee * | $ 50,000 | $ 50,000 | $ 50,000 | $ 100,000 |
| Total ** | $ 409,000 | $ 418,000 | $ 422,000 | $ 540,000 |
- Grenada citizenship by investment real estate option allows you to invest into high-end luxury villas, apartments and hotels which could be used for residential and tourism purposes.
- The investment should be made only into the real estate from the list of Grenada CBI approved projects.
- Grenada passport holders should not re-sale or dispose the purchased real estate within the first 5 years after getting the passport.
* Once Grenada passport application is approved in principle, the applicant is required to pay additional government fee. The amount of the government fee differs depending on the composition of the family.
** The Grenada passport cost indicated above does not include legal fees, stamp duties, administrative fees for issuance of a paper passport, courier fees, bank charges and certificate of naturalization.
| Fees (in USD) | Single Applicant | Married couple | Married couple with two kids below 17 y.o. | Married couple with two kids above 17 y.o. and two applicant's parents |
|---|---|---|---|---|
| Minimum Investment | $ 270,000 | $ 270,000 | $ 270,000 | $ 270,000 |
| Due Diligence Fee | $ 5,000 | $ 10,000 | $ 10,000 | $ 30,000 |
| Application Fee | $ 1,500 | $ 3,000 | $ 4,000 | $ 9,000 |
| Processing Fee | $ 1,500 | $ 3,000 | $ 6,000 | $ 9,000 |
| Interview Fee | $ 1,000 | $ 2,000 | $ 2,000 | $ 6,000 |
| Government Fee * | $ 50,000 | $ 50,000 | $ 50,000 | $ 100,000 |
| Total ** | $ 329,000 | $ 338,000 | $342,000 | $ 460,000 |
REQUIREMENTS FOR GETTING GRENADA CITIZENSHIP
Good health
Once of Grenada CBI program's requirements is that all applicants should be in a good health and do not have any ongoing contagious diseases.
Clean criminal record
One of Grenada passport requirements is a clean criminal record and absence of ongoing criminal investigation against applicant or their family members (if included into application).
Restricted countries
As a general rule, applications are not accepted from the citizens of: Russia; Belorus; Somalia; North Korea; Afganistan; Yemen; Sudan.
No previous denial in visa or citizenship
The main applicant has never been denied a citizenship in any other Caribbean country. On top of that, the main applicant has never been denied a visa by a country with which Grenada enjoys a visa free or visa on arrival regime.
Investor
- Financial Stability: The applicant must show proof of legal and sufficient funds for investment, ensuring they can meet Grenada’s investment requirements.
- Age: the main applicant should be at least 18 years of age, be of sound mind and good health.
- Health and Character: The applicant should be in good health and possess a reputable character to pass all background checks.
Spouse
- Same-sex couples won’t be considered for the application process.
- The spouse’s dependency on the applicant must be demonstrated through marriage documentation. Grenada CBI program does not recognize other civil partnerships or forms of civil unions, than marriage.
Grandparents
- Inclusion of grandparents is one of Grenada citizenship benefits under CBI program.
- The grandparents are included into the application once they are: (1) above 65 years of age; and (2) fully supported by the applicant.
Children
- Both biological or adopted children could be included into application.
- Children can participate in Grenada passport application process if they are: (1) below 18 years of age; (2) above 18 years of age, but are physically or mentally challenged; or (3) in between 18 and 30 years old, single and fully supported by the applicant.
Parents
- Both biological and adoptive parents could be included into the application.
- Under Grenada CBI program parents could participate in the program if they are: (1) relate to the main applicant or their spouse; and (2) above 55 years of age and fully supported by the applicant or their spouse.
How to Get Grenada Citizenship?
Documents Required for Application Process
- passport and national ID card;
- criminal record certificate;
- birth certificates;
- medical certificate;
- marriage certificate/divorce certificate;
- bank reference; and
- professional reference;
- affidavit of funds.
Expected Duration: up to 5 days
Choose the best CBI program for your needs
We help you to select from the wide selection of available investment programs the most suitable for you and the goals you perceive.
At this stage Inter Citizenship evaluates the client’s profile in order to assess their eligibility for the chosen program.
We are proud to say that we have 100% success rate in Grenada passport application process.
Once the best citizenship by investment program is chosen for you, we will inboard you as our client to start the application process.
Expected Duration: Up to 30 days
Preparation of documents
In Inter Citizenship we will guide you through the whole application process. We will help you to gather all the necessary documents depending on the composition of your family and the chosen investment option.
You will get our full support and guidelines at every stage of the application process.
Expected Duration: Up to 90 days
Passport application process
Before submission of the documents to respective authorities, an applicant is required to pay upfront due diligence, processing and application fees.
Once paid, the documents along with the prove of payment are sent for submission to the Investment Migration Authority of Grenada.
Documents should be submitted strictly through Grenada CBI agents or their affiliated sub-agents.
Expected Duration: Up to 90 days
Examination of submitted documents
All the submitted documents are examined by the Investment Migration Agency (former Grenada Citizenship by Investment Committee).
Citizenship by investment program of Grenada requires all applicants above 17 years of age attend a mandatory online interview. The interview will be performed in an applicant’s native language. The said interview is aimed to evaluate deeper each applicant’s profile as well as to cross check the information provided in application forms.
Expected Duration: Up to 30 days
Issuance of a final decision
The Citizenship by Investment Grenada laws state that if the applicant meets all the requirements, the approval in principle can be granted.
Approval in principle means that the citizenship application is approved and an applicant can pay the minimum investment sum under the chosen investment route. In case of a real estate investment option, an applicant would be required to pay on to the Government Fee.
Once all the fees are duly paid, Inter Citizenship will organize the issuance of a passport. Your passport will be send to you via mail to the address of your choice.
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FREQUENTLY ASKED QUESTIONS
1. How safe is Grenada?
Grenada safety index is one of the highest worldwide. The country is well known for its stable political, social and economic environment. The local population is friendly towards expats and foreign investors.
2. What is the best investment program for a single investor - Grenada vs Dominica citizenship?
There are a lot of criterias a potential investor should consider in order to choose the best program for their needs. Those criterias include type of investment options available, the minimum investment amount, the exact list of visa free countries etc.
Dominica citizenship cost for the single applicant is lower compared to Grenada passport price. At the same time both countries offer a friendly tax regime for high net worth individuals, as well as fast application process.
3. Which investment program should I choose - Grenada vs St Kitts citizenship?
Both Grenada and St Kitts offer international investors an opportunity to invest into local economies in exchange of getting a second passport.
St Kitts and Nevis is known to be the oldest and the most reputable citizenship by investment program. At the same time Grenada citizenship by investment cost is lower compare to St Kitts and Nevis.
There is no right answer to this question as everything depends on the needs and goals of each particular investor. Inter Citizenship would be happy to assist you in selecting the best program to meet your expectations.
4. How long does it take to get Grenada citizenship?
The application process could be done 100 % remotely. The Investment Migration Authority (‘IMA’) of Grenada is very efficient when it comes to processing applications.
The average timespan varies in between 4 to 6 months. In few cases the IMA may request an enhanced due diligence of the main applicant or their family members; that could affect the duration of the application process.
5. Does Grenada allow dual citizenship?
Yes, Grenada allows dual citizenship. It means that you can buy Grenada passport without the need to renounce your current nationality.
6. Is Grenada safe tax harbour?
Yes, Grenada is a tax heaven for wealthy individuals, as the country has no capital gains tax, wealth tax or inheritance tax.
The taxation system of Grenada is based on a progressive system, and income tax varies from 15% to 30%.
An individual who has resided in Grenada for 183 days in one calendar year becomes a tax resident of Grenada.
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