Grenada’s Citizenship by Investment Program makes it possible for those who invest in Grenada’s economy or government-approved real estate development to gain citizenship in this beautiful Caribbean country, also known as the “Isle of Spice”.
The Grenada Citizenship by Investment Program was launched in August 2013 when the Grenadian Parliament passed the Citizenship by Investment Act, 2013.
Grenada’s Citizenship by Investment Program allows individuals and their families to obtain citizenship.
Eligibility for Grenada CBI:
The main applicant is at least 18 years old.
The applicants must be in good health.
The applicants should have a clean criminal record.
The main applicant should be able to show legal source of income for investment funds.
No visa rejection from a country with which Grenada has visa-free travel.
Investment Options:
National Transformation Fund (NTF) Contribution starting from $150,000.
Real Estate Investment in an approved project starting from a minimum of $220,000.
Benefits of Grenada Citizenship:
Access to US Business Visa: Grenada is the only Caribbean country with an E-2 Visa treaty with the USA.
Entire family can be included: You can include your spouse, dependent children, and dependent parents in the same application.
Global Mobility: Visa-free travel to over 140+ countries, including Schengen, the UK, China, Singapore, and the EU Countries
No residency requirement: There is no obligation to stay in Grenada during or after the granting of Citizenship.
Confidential application process: No disclosure or exchange of information with other governments or bodies.
Dual citizenship is allowed in Grenada: You do not need to renounce your current citizenship.
Education for children: Grenada is home to one of the best United States offshore universities, – St George’s University.
Tax Optimization: There is no tax on foreign income, wealth, gifts, inheritances, or capital gains and there are no restriction on importing capital and profits to the country.
FAQ:
What is Citizenship by Investment program?
As the name suggests, you can obtain citizenship of Grenada by investing in the country’s economy via real estate investment OR makes a contribution towards NTF depending on the number of dependents.
Do I Need to Buy More Property if I am Including My Family in The Application For Citizenship?
No, the investment amount in real estate will remain the same for 1 family, doesn’t matter how many dependents are applying along with the main applicant.
Is a Visit to Grenada Required During the Application Process?
No, you do not need to visit Grenada before, during, or after the application process.
May I Apply For Citizenship with My Family?
Yes, you may apply for citizenship with your spouse, dependent children up to the age of 30, and dependent parents/grandparents over the age of 55. Fees for family members vary according to the number of individuals included in a citizenship application.
Do I need to Obtain a Police Clearance Certificate from My Home Country Even If I Haven't Lived There for Over 10 years?
Police clearance from the home country is always mandatory even if you have not lived there for any number of years.
How Does Grenadian Citizenship Benefit My Child’s Education?
Grenada is home to one of the best offshore universities in the United States – St. George’s University. It is renowned for its excellence in medical, veterinary, and arts and sciences education. Graduates undergo training in some of the top hospitals in both the United States and the United Kingdom. The university holds international accreditation and currently hosts over 6,000 students from more than 140 countries.
Do I Need to Renounce My Current Citizenship and Passport to Obtain Grenadian Citizenship?
No, Grenada allows dual citizenship, so you do not need to renounce any other citizenship or passport.
When Will I Receive Grenadian Citizenship After Submitting the Application Through the Citizenship by Investment Program?
Your application for Citizenship by Investment will be approved within 60-90 business days of submission (subject to a satisfactory due diligence check and the funds being received). You will receive your passport shortly after citizenship approval and full payment of the investment.
How Many Years is a Grenadian Passport Valid For?
Under Grenadian law, citizens are entitled to a passport. This means that citizens cannot be denied a passport, ensuring that your passport will be renewed.
How Do I Renew My Passport Once it Expires?
Grenadian passports can be renewed in the Grenadian Consulates, or directly through the Grenadian Passport and Immigration Office.
How Can I be Sure that My Passport Will be Renewed upon Expiry?
Under Grenadian law, citizens are entitled to a passport. This means that citizens cannot be denied a passport, ensuring that your passport will be renewed.
How Do Governments Decide Who is Approved?
Governments contract independent third-party Due Diligence Agencies who use intelligence tools to check the applicants’ background. These checks include verification of all documents issued by official institutions in the applicant’s country of origin and residence, as well as scrutiny of media reports and verification of their businesses and affiliations. Additionally, the Government conducts a vetting process of the applicant through law enforcement agencies and INTERPOL to ensure a clean criminal record. Once all checks have been completed, the Government makes a decision.
Can I Sell my Real Estate Investment?
Yes. However, the law prescribes that investors under the Grenada CIP must hold the investment for at least 5 years, after which they may sell their investment.
