Grenada Citizenship by Investment – Your Expert Guide to the Caribbean
Unlock a Grenada Passport by Investing in Paradise
Safe haven
For the whole family
$150,000
Minimum Fund Donation
$220,000
Minimum Real Estate Investment
3+ months
Obtainment period
The Grenada Citizenship by Investment Program is an opportunity for investors and their entire families to obtain a second passport in exchange for an investment of at least $150,000 in the National Transformation Fund or a real estate purchase starting from $220,000. Grenadian citizenship comes with several benefits, including visa-free travel to over 140 countries across the globe, favorable tax advantages, and the chance to apply for the US E-2 investor visa. Sound like an opportunity you’re interested in? Then keep reading our comprehensive investment overview to learn more about the Grenada CBI program.
Why choose a Caribbean passport?
- To access greater global mobility. As a Grenada passport holder, you can enjoy visa-free travel to more than 140 countries, including China, Hong Kong, Russia, the Schengen Zone, Singapore, and the UK.
- To obtain second citizenship for yourself and your family members in a country that offers stability and opportunity.
- To benefit from a favorable tax environment. Grenada has no income tax on worldwide income, capital gains tax, or inheritance tax, providing an optimal environment for you to diversify your investment portfolio.
- To benefit from Grenada’s thriving tourism industry by making a high-end tourist real estate investment.
- To enjoy your golden years of retirement in a peaceful, bright, and beautiful slice of Caribbean paradise.
Citizenship by Investment - What You Need to Know
Citizenship by investment (CBI) is a term used to refer to programs that offer investors a route to obtain citizenship of a country by making a financial contribution to its economy. Also known as economic citizenship or golden visa programs, there are five Caribbean countries that offer citizenship by investment programs: Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia.
Each of these countries has a Citizenship by Investment Unit (CIU) that oversees and regulates its CBI program in accordance with each country’s laws. The Investment Unit processes each citizenship application, assessing the documentation provided and conducting stringent due diligence checks to confirm the identity, financial profile, and security profile of all applicants aged 16 and over. This due diligence process is a crucial step in maintaining the program’s credibility and ensuring its longevity.
The investment routes under a Caribbean CBI program are generally a non-refundable donation to a government fund or real estate investments. Some countries offer additional options, such as creating a business enterprise, contributing to an educational institution, or even government bonds. Family members can be included in your Grenada citizenship by investment application, and once granted, citizenship is lifelong and passed down to future generations.
10 Benefits of Grenada's Citizenship by Investment Program
1
Ultimate plan B
2
Citizenship for the entire family
Your spouse, dependent children, siblings, parents, and grandparents can be included in your application for a Grenada passport. Grenada does permit dual citizenship, meaning you can retain your original citizenship, and it can be passed down to future generations.
3
Affordable investment options
Obtaining Grenada citizenship is affordable through the Grenada Investor Visa Program thanks to the minimum investment amount of $150,000.
4
Fast application process
Your Grenada citizenship by investment application will be processed within three to four months and you will be granted Grenada citizenship and receive your Grenada passport.
5
Tax optimisation
Grenada citizens benefit from no income, inheritance, or wealth, tax.
6
No residency requirements
You do not need to visit Grenada at any point during the citizenship by investment application process, which can be completed remotely. You also do not need to visit Grenada to maintain citizenship.
7
Visa-free travel
Grenada passport holders enjoy increased global mobility with visa-free access to over 140 countries, such as China, Hong Kong, Singapore, the Schengen Zone, and the UK.
8
No language tests or academic requirements
Applicants to the Grenada citizenship program are not required to sit and pass any language tests or meet any kind of academic requirements.
9
US investor visa access
Who can obtain Grenada citizenship?
To apply to the Grenada citizenship investment program, the primary applicant must:
- Be over 18 years old
- Be of outstanding character
- Be in good health
- Have a clean criminal record
- Pass a detailed background check
- Make a qualifying investment
Global Citizen Solutions offers an initial due diligence assessment before making your application. At no additional cost, this assessment helps ensure you will have a successful application.
The primary applicant can include the following family members in their application for Grenada citizenship:
- Spouse
- Children under 18
- Children between 18 and 29 who are supported by the main applicant or spouse
- Children 18 and over who are physically/mentally challenged
- Parents of the main applicant or spouse whom the main applicant fully supports
- Grandparents of the main applicant or spouse whom the main applicant fully supports
- Siblings of the main applicant or spouse (biological or adopted) aged at least 18, unmarried, and without children
Get in touch with a Citizenship by Investment Specialist
Our team of industry-leading experts will help you with everything from filing your immigration application to providing professional legal and tax advice. We are wholly committed to your success.
Investment Options for Grenada Citizenship by Investment
To obtain a Grenadian passport under Grenada’s Citizenship by Investment Program, you have two investment routes to choose from. The first is to make a contribution to a government fund, and the second is to make a real estate investment.
Option 1
Grenada's National Transformation Fund (NTF)
A government initiative designed to attract foreign investment that is used to develop the country’s various sectors, including education, healthcare, infrastructure, and tourism. Investors must make a minimum non-refundable contribution of $150,000 to the Grenada National Transformation Fund.
Additional fees include an application fee, due diligence fee, and processing fee.
Single applicant | Family of up to four | Additional dependent | Additional dependent - parent under 55 | Additional dependent - sibling | |
Minimum donation | $150,000 | $200,000 | $25,000 each | $50,000 each | $75,000 each |
Application fee | $1,500 per person | $1,500 per person | $1,500 per person | $1,500 per person | $1,500 per person |
Due Diligence | $5,000 per family member aged 17 and over | $5,000 per family member aged 17 and over | $5,000 per family member aged 17 and over | $5,000 per family member aged 17 and over | $5,000 per family member aged 17 and over |
Processing fee | $1,500 per person aged 18 and over | $1,500 per person aged 18 and over | $1,500 per person aged 18 and over | $1,500 per person aged 18 and over | $1,500 per person aged 18 and over |
Interview fee | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older |
Option 2
Government-approved real estate
Investors have two options under this route: Make a real estate purchase worth a minimum of $350,000 or purchase shares in a real estate project worth at least $220,000. These projects are usually in high-end tourist accommodations, such as hotels, resorts, and villas, and must have been previously approved by the Grenada government. If you want to resell the property, you can do so after five years.
This route includes due diligence fees, government fees, and application fees.
Family of up to four | Additional dependent | Additional dependent – parent under 55 | Additional dependent - sibling | |
Minimum investment | Option 1: $220,000 in shares | Option 1: $220,000 in shares | Option 1: $220,000 in shares | Option 1: $220,000 in shares |
Government fee | $50,000 | $25,000 each | $50,000 each | $75,000 each |
Application fee | $1,500 per person | $1,500 per person | $1,500 per person $1,500 per person | $1,500 per person |
Due diligence fee | $5,000 per family member aged 17 or over | $5,000 per family member aged 17 or over | $5,000 per family member aged 17 or over | $5,000 per family member aged 17 or over |
Interview fee | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older | $1,000 per applicant aged 17 and older |
Calculate the cost of citizenship for you and your family, including all associated fees.
Pros and Cons of Grenada Citizenship by Investment
Any citizenship by investment program will have its advantages and disadvantages, and the Grenada Citizenship by Investment Program is no different. It’s up to you to determine whether the pros outweigh the cons and meet the requirements of your personal circumstances.
Pros
Visa options
Grenada passport holders have the exclusive benefit of being able to apply for a USA E-2 Visa. This visa allows you to invest and live in the United States, provided you meet the visa requirements. No other Caribbean country offers its citizens this opportunity.
Visa-free travel
While all Caribbean passports offer visa-free access to over 140 countries, not all of them include China and Russia on their list of visa-free countries. The Grenada passport is strong, ranking 74th on our Global Passport Index and providing visa-free access to China, Hong Kong, Russia, Singapore, the Schengen Zone, and the UK.
Weather
Many Caribbean countries experience hurricane season, but this is not the case for Grenada. Its ideal location outside the Hurrican Belt makes it less vulnerable to extreme weather conditions and safer than other Caribbean countries.
Cons
Cost
Compared to some of the other Caribbean CBI programs, Grenada's NTF investment minimum contribution of $150,000 for the NTF and $220,000 for the real estate investment is high. However, this is still a more affordable option than the St Kitts and Nevis investment program.
Limited investment options
Grenada's citizenship program offers two investment routes to obtain dual citizenship: A contribution to Grenada's National Transformation Fund or a real estate investment. This can feel limiting to investors, particularly when compared to other Caribbean programs that offer multiple investment routes.
Step-by-Step Application Process
1. Choose your investment route
Choose the best route for you under the Grenada Citizenship by Investment Program: A non-refundable contribution to the National Transformation Fund (NTF) or investing in pre-approved real estate projects.
2. Preparation of documents
Gather all the necessary documents for your Grenada citizenship application and fill out the forms provided by our expert team.
3. Submit your application through GCS
Global Citizen Solutions will submit your application on your behalf, as per the CBIC's regulations. The CBIC accepts applications submitted by Authorized Agents only and will not accept those submitted directly by applicants.
4. Receive approval from the CBIC
You will receive a confirmation letter from the CBIC stating that your application is 'approved in principle' within 60 to 90 days of the submission date.
5. Make your investment and send confirmation
Make the required investment and send proof to the CBIC.
6. Become a Grenada citizen
You and your included dependents will be granted Grenada citizenship. Your Grenada passports will be sent to you at an address of your choice.
Required Documents for Grenada Citizenship by Investment
The following list is an indication of the required documents to submit your Grenada citizenship by investment application. The Citizenship by Investment Unit may request additional documents if necessary.
You must complete the following documents provided to you by Global Citizen Solutions:
- Client Facilitator Agreement
- Form 1: Personal data and information
- Form 2: Fingerprints (obtained in front of a licensed officer)
- Form 3: Particulars for the Office of Home Affairs
- Form 4: Medical certificate
- Form 5: Business, employment, wealth, and related information
- Form 6: Investment confirmation
- Thomson Reuters consent form (for Grenada CBI applicants older than 16)
- Purchase and sale documents in four copies (applicable for the real estate investment option)
- Escrow agreement and letter of engagement with a local agent (applicable for the NTF option)
- Passport Application Form
- Oath of Allegiance (for each family member aged 18 and over)
- Sworn Affidavit confirming names of dependent parents
Civil documents:
- Original full birth record or certified copy of birth certificate (two copies)
- Certified copy of proof of name change (if applicable)
- Certified color copy of current passport(s) showing name, photo, citizenship/nationality, date and place of issue, expiry date, passport number, issuing country
- Original passport-sized photos of each applicant taken within the last six months (12 needed). One photo must be certified by a lawyer.
- Marriage or divorce certificates, if applicable (two copies)
- National ID or social security color copies (for each applicant)
- Permanent residence ID or proof of permanent residence
- Copy of military service card (if applicable)
- Affidavit from spouse or former spouse relating to children (if applicable)
- Affidavit of support from dependents
- Education certificates and transcripts
Supporting documents:
- Proof of address – original documents (e.g., utility bill)
- Professional reference letter – original document
- Lawyer or notary practicing certificate (copy of license for lawyer/notary certifying your documents)
Additional documents:
- Payslips and/or salary letters
- CV
- Reference letter from main applicant’s banker – original document
- Personal bank statements from the last 12 months
- Police clearance and criminal record checks – original documents
Important note: This list is for reference purposes. Grenada’s Citizenship by Investment Committee (CBIC) may request additional documents if necessary.
Taxes in Grenada
Foreign investors who obtain Grenada citizenship are only required to pay taxes in certain instances, such as when purchasing a property or starting a company. You do not pay capital gains tax, inheritance tax, or wealth tax on worldwide income or assets.
Things to note about tax in Grenada
- The annual income tax rate for individuals earning income locally is as follows:
• First EC$24,000 per annum – 10 percent
• Above EC$24,000 per annum – 28 percent - Companies pay a flat tax rate of 30 percent.
- Withholding tax is fixed at 15 percent and applies when a resident makes payments to a non-resident, e.g., interest (not including bank deposits), lease premiums, licenses, rental income, royalties, etc.
- VAT is 15 percent. Dive activities, hotels, and villa-type accommodations pay VAT at 10 percent.
- Grenada citizens pay a property transfer tax of 5 percent when selling a property. However, government-approved real estate projects may qualify for a lower tax rate.
- Property tax is part of Grenada’s annual taxes. For residential properties, the rate is 0.2 percent of the market value (land tax). For a building, the rate is 0.3 percent (building tax).
- Stamp tax is 0.7 percent on business receipts when the gross value received exceeds EC$300,000.
Why choose Grenada?
Grenada is famous for being the ‘Spice Island’ of the Caribbean region. Allspice, bay leaves, cinnamon, cloves, ginger, and turmeric are some of the spices found on the island and are among its top exports. The island is also one of the few places in the world where chocolate is produced all the way from bean to bar and is home to five chocolate factories.
With a population of about 124,000, the country of Grenada consists of three islands: Grenada island, Carriacou, and Petite Martinique. There are also several smaller islands that lie to its north and are part of the Grenadines. Grenada’s official language is English, making it easy for foreigners to adapt to life here. The Grenadian creoles, namely French and English, are also spoken on the island.
The island offers breathtaking natural landscapes, a stable political climate, growing economy, strategic location, and plenty of investment opportunities, making it a lucrative and rewarding location for everyone from investors and digital nomads to families and retirees.
In addition to this, there are plenty of activities to do and sites to see when on the island. Hiking, snorkeling, diving, and exploring are just a few ways to stay busy.
Grand Anse is one of Grenada’s most popular beaches thanks to its extensive strand and stunning views. Morne Rouge Beach is another good option that offers a more peaceful environment than the others. There are also plenty of waterfalls to visit, such as Annandale Waterfall and the Seven Sisters Falls, located in the Grand Etang National Park. If you choose to visit the park, you’ll also spot some of Grenada’s lush vegetation and wildlife.
If food is your thing, you’ll be happy to learn that Grenada offers many delicious local dishes. Oil Down, the national dish made with breadfruit, coconut milk, dumplings, turmeric, callaloo, saltfish, smoked herring, and/or salted beef, is considered by many as one of the most traditional (and delicious) meals to try.
Finally, the nation has a stable political system, with Grenada’s government favoring democracy and continuing development. With many pro-business policies intended to attract foreign investment in the country, its economy has benefited greatly and continues to grow steadily, particularly thanks to its agriculture, renewable energy, and tourism sectors.
Grenada: Your gateway to international travel
To ensure the island is easily accessible to investors and tourists alike, Grenada is well-connected to the rest of the world. Maurice Bishop International Airport (GND) in the capital city of St George’s provides flights to locations across the globe. There are several airlines that operate these flights to and from Grenada, connecting the island to destinations in the Caribbean, Europe, and North America with direct flights to places like London, Miami, New York, and Toronto.
On the island, you can use the Discover Train to visit destinations around St George’s. You can also make use of taxis, water taxis, ferries, boats, buses, or walking to explore Grenada and the surrounding islands.
Why work with Global Citizen Solutions?
- Global approach by local experts. We are corporate members of the Investment Migration Council, with local expertise in all five Caribbean CBI programs.
- 100 percent approval rate. We have never had a case rejected and will offer you an initial, free-of-charge, due diligence assessment before signing any contract.
- Independent service and full transparency. We will present to you all the investment options available, and all expenses will be discussed in advance, with no hidden fees.
- An all-encompassing solution. A multidisciplinary team of immigration lawyers, investment specialists, and tax experts will take into consideration all of your and your family’s mobility, tax, and lifestyle needs.
- Confidential service and secure data management. All private data is stored within a GDPR-compliant database on a secure SSL-encrypted server.
- Authorized International Marketing Agent. Global Citizen Solutions is licensed by the Antigua and Barbuda government to promote the country’s CBI program and act as a CIP International Marketing Agent for Antigua and Barbuda.
Get in touch with a Caribbean Citizenship by Investment specialist
Frequently Asked Questions about Grenada Citizenship by Investment
The cost of the Grenada CBI program starts with a minimum donation of $150,000 for a single applicant to the National Transformation Fund. Applicants must also pay application fees, due diligence fees, and processing fees. The second route requires a $220,000 real estate purchase and includes government fees and due diligence fees. The overall cost of your citizenship by investment application will depend on your investment route and whether you include your spouse, dependent parents, dependent children, grandparents, or siblings.
The Grenada Citizenship by Investment Program is governed by the Citizenship by Investment Act, 2013, and designed to encourage foreign investment in the country. To acquire Grenada citizenship, investors choose one of two available investment options: A non-refundable contribution to the National Transformation Fund ($150,000 for a single applicant or $200,000 for a family of four) or a government-approved real estate purchase of at least $220,000. The real estate investment can be returned after five years. The Grenada Citizenship by Investment Program is a fast and straightforward way for investors to obtain a Grenada passport.
There are many benefits to investing in Grenada and obtaining Grenada citizenship, such as visa-free travel to over 140 countries, limited taxes, and the opportunity to apply for the US E-2 Visa. In fact, Grenada is the only Caribbean country that affords its citizens this visa opportunity. Additionally, Grenada does permit dual citizenship, meaning you and your family members can retain your original nationality.
Yes, Grenada offers dual citizenship. Once you acquire Grenada citizenship by investment, you – and any family members included in your Grenada CBI program application – can enjoy lifelong citizenship in this beautiful Caribbean country.
The average processing time of an application to the Grenada Citizenship by Investment Program is three to four months. This means that in just a few short months, successful applicants can obtain Grenada citizenship (and hold dual citizenship, as you can keep your existing nationality) and become a Grenada passport holder.