Grenada Citizenship by Investment
Popularly known as the Spice Island for its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean. The sublime scenery is just one of the many reasons to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities have fortified Grenada's status as the preferred destination of many high net worth investors.
NTF donation: from USD 235,000 (single applicant)
Real estate route: from USD 270,000 (approved developments)
Pathway type: Direct citizenship by investment
Visa-free access: 140 countries
Family inclusion: Spouse, children, parents, grandparents & siblings
The Grenadian Citizenship by Investment Program
Grenada recognizes dual citizenship, meaning investors can still benefit from their current passports. The Grenadian Citizenship by Investment Program offers the following prime benefits:
- Fast processing within four months
- Inclusion of dependent children under 30, or children with physically or mentally challenged living with and fully supported by the main applicant
- Inclusion of dependent siblings of the main applicant or spouse who are 18 and older and have no children
- Inclusion of dependent parents
- No physical residency requirements
- No requirement to travel to Grenada during the application process
- No reduction in management experience required
- Visa-free travel to 138 countries, including Europe's Schengen zone
- E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein
- No tax on worldwide income
Program background & eligibility
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada's pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel.
In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing. Through the implementation of the program, the government also hopes to create investment opportunities that will bring about sustainable employment.
To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:
- Be of outstanding character
- Hold no criminal record
- Have excellent health
- Have a high personal net worth
Spice Island lifestyle & opportunity
From pristine beaches and lush hillsides to a welcoming culture and modern infrastructure, Grenada offers an attractive environment for both residence and investment.
Two routes to citizenship
1. Real Estate Investment
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is an investment in a pre-approved real estate project.
Applicants must make a minimum investment of US$270,000, which must be maintained for at least five years. This amount covers the investment only and includes the main applicant, their spouse, and up to two qualifying dependents.
In addition to the investment, government fees apply:
- US$50,000 for a family of four (main applicant, spouse, and up to two dependents under 30 or parents over 55)
- US$25,000 for each additional dependent under 30 or parents over 55
- US$50,000 for parents or grandparents of the main applicant or spouse who are under 55
- US$75,000 for unmarried or divorced siblings of the main applicant or spouse, aged 18 and over, with no children
2. National Transformation Fund Donation
Applicants may donate a minimum of US$235,000 to Grenada's National Transformation Fund. The minimum amount covers the main applicant only. For a family of up to four people, the requirement is set at US$235,000. An extra donation of US$25,000 is required for each additional dependent.
Note that where an application includes an eligible parent not exceeding the age of fifty five years, an additional contribution of USD 50,000 will be required to be made with the post-approval contribution.
Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required to be made with the post-approval contribution.
Eligible family members
- Main applicant
- Spouse of the main applicant
- Dependent children under 30, or children with physically or mentally challenged living with and fully supported by the main applicant
- Dependent siblings of the main applicant or spouse who are 18 and older and have no children
- Dependent parents
- Parents or grandparents of the main applicant or spouse (under or over 55 — fee varies)
Fees will vary according to the number and type of family members included in the application.
Common questions about Grenada citizenship
Grenada is known as the Spice Island of the Caribbean and is a hidden gem offering unspoiled beauty and is famed for its aromatic spices and organic chocolate. For those considering living in Grenada it is one of the safest places and it also lies outside of the main hurricane belt providing environmental security. On a reputational level, Grenada has one of the best medical universities in the world.
Once the processing and due diligence fees have been paid, the investment is made within 2 different stages. An initial deposit must be made upon submission of the citizenship application, and once approved, the balance must be paid. The passports are then issued shortly afterwards.
Grenada recognizes dual citizenship, meaning investors can still benefit from their current passports.
Grenada is the only Caribbean country that offers citizens the option to apply for an E-2 Work Visa with the right to live and operate a business in the U.S. Processing time is usually 2 months, or less and is valid for up to 5 years, with an unlimited number of extensions. Unlike with U.S. permanent residence, E-2 visa holders may be able to avoid taxation on worldwide income.
How the Grenada citizenship process works
VisaVoy coordinates the end-to-end process in collaboration with licensed agents and professionals, ensuring all steps are completed accurately, discreetly and in compliance with program rules.