Grenada is known as the “Spice Island” of the Caribbean and offers unique advantages to individuals seeking citizenship through investment. The Citizenship by Investment Program is regulated by the Grenada Constitution and the Citizenship Act of 2013 (CBI Act, Act No. 15). The program provides a safe, fast and efficient solution for international investors, providing the opportunity to obtain a second passport.
General Information About Grenada
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Location: Grenada is located in the Caribbean Sea, northwest of Trinidad and Tobago and south of St. Vincent and the Grenadines.
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Capital: St. George's
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Area: 348.5 km²
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Population: Approximately 113,000 people
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Language: The official language is English, with local dialects also spoken.
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Currencies: East Caribbean Dollar (XCD), United States Dollar (USD) are widely used.
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Climate: Grenada has a tropical climate; offers mild weather conditions throughout the year.
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Connectivity: Provides global access with a modern international airport and regional sea links.
Grenada Citizenship Program Investment Options
There are three investment options available to qualify for Grenada citizenship:
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Charitable Donation:
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A non-refundable donation of US$150,000 to the National Transformation Fund (NTF).
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This amount may increase if family members are added.
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Real Estate Investment:
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Invest a minimum of US$350,000 in approved projects.
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The investment must be held for a minimum of 5 years after citizenship approval.
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Tourism Sector Investment:
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Invest a minimum of US$220,000 in tourism projects.
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Likewise, the property must be held for a period of 5 years.
Application Requirements
To apply for the Grenada Citizenship Program, an investor must meet the following criteria:
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Age: The applicant must be at least 18 years old.
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Clean Background: Applicant and included family members must have a clean criminal record.
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Health Status: All applicants must be in good health.
Application Process and Time
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Processing Time: On average, Grenadian citizenship applications take 4-6 months to complete.
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Physical Residency Requirement: There is no requirement to be present or reside in Grenada to obtain Grenadian citizenship.
Benefits of Grenadian Citizenship
Grenada citizenship offers many benefits for international investors and their families:
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Visa-Free Travel: Visa-free or visa-on-arrival access to over 145 countries with a Grenadian passport (including the UK, Schengen Area, China, and Russia).
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US E-2 Visa Eligibility: Grenadian citizens can apply for the E-2 Treaty Investor Visa in the US, which allows them to live and work in the US.
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Dual Citizenship: Grenada accepts dual citizenship; you do not have to give up your current citizenship.
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Tax Advantages: Grenada offers an attractive tax regime for individuals and businesses:
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There is no income, capital gains, inheritance or wealth tax.
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Extra-territorial income is tax-free.
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Family Included:
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Your spouse, dependent children (up to age 30) and dependent parents can be included in your application.
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Citizenship by Inheritance: Grenada citizenship is for life and can be passed on to your descendants.
Frequently Asked Questions
Why Grenada?
With its warm climate, natural beauty and friendly people, Grenada is an ideal country to live and invest in. It is also a destination that supports dual citizenship and offers strong global connections.
Is Travel to Grenada Required During the Application Process?
No, the application process can be completed without traveling to Grenada.
Is Grenada a Tax Haven?
Yes, Grenada has an investment-friendly tax regime that exempts from wealth and capital gains taxes.
What are Approved Properties?
Grenada offers government-approved real estate projects focused on tourism and luxury living. Our law firm can help you identify the options that suit your needs.
Is a Name Change Possible?
A name change is possible once citizenship is approved and a Certificate of Naturalization is obtained.
Real Estate Investment in Grenada
Grenada's approved projects provide both eligibility for the citizenship program and long-term earning opportunities for investors. Luxury hotel projects, resorts and villas are available.
Contact Our Consulting Team
Contact our Consulting office for professional guidance and personalized advice throughout your Grenada citizenship application. The Grenada Citizenship by Investment Program is a strategic investment for global mobility and financial flexibility.