The Grenada Citizenship by Investment Program provides investors and their families with the opportunity to acquire citizenship by investing in Grenada’s real estate market.
To qualify individuals must make a financial contribution of USD 150,000 as a government donation or invest at least USD 220,000 in a real estate venture, in Grenada.
Upon completing the program participants and their families are granted permanent citizenship in Grenada.
Why Opt for Grenada? 7 Citizenship Benefits You’ll Enjoy
Grenada is a choice for many investors looking for a second home not just because of its stunning natural landscapes but also due to the perks it offers its passport holders. Known for its top-tier citizenship by investment program Grenada provides a range of benefits from global travel opportunities to the ability to pass on citizenship to your descendants.
Let’s take a look at the main advantages you’ll enjoy as a dual citizen of Grenada;
1. Travel without visa hassles by participating in Grenada’s citizenship by investment program you gain visa entry to more than 140 destinations worldwide including popular spots like China, Singapore, Hong Kong, the United Kingdom, and Europe Schengen Area. This makes exploring places with your Grenadian passport a breeze.
2. Special access to the United States what sets Grenada apart is its unique E 2 Investor Visa Treaty with the United States—the Caribbean nation with this agreement. After living in Grenada for three years you can apply for a non immigrant US visa opening up new business and investment opportunities in America.
3. Passing down your citizenship your Grenadian citizenship isn’t just limited to you; it’s something you can pass on to your family members. You can share this privilege with your spouse and future generations ensuring lasting benefits, for your loved ones.
4. Flexible inclusions the Grenada second passport program extends to your closest relatives. You can include your entire family, ensuring they all share in the advantages of Grenadian citizenship.
Qualified dependents include:
- Spouse
- Children under 30
- Unmarried siblings aged 18 and over
- Parents
- Grandparents (main applicant and spouse)
5. Experience the best of both worlds with Grenada’s approach to dual citizenship. You can keep your nationality while enjoying the advantages of being a citizen of Grenada.
6. Invest in Grenada without any attachment to residency requirements. This allows you the flexibility to oversee your affairs smoothly without limitations on your citizenship status.
7. Begin your path to citizenship with a minimum investment of $150,000. Grenadas program for citizenship, through investment offers a way to enhance your mobility without facing significant financial burdens.
How to Obtain a Grenada Passport ─ 2 Citizenship by Investment Paths
The Grenada program for acquiring citizenship through investment was launched in August 2013 aligning with the approval of the Grenada Citizenship by Investment Act of 2013, by the body. This legislation delineated the fundamental criteria for investors seeking a Grenada passport:
- Minimum age requirement of 18 years
- Good health status (certified by a medical clearance)
- Sufficient funds for investment (with a verifiable legitimate source)
- Applicants must also demonstrate a clean legal record, necessitating a comprehensive police background check from their home country and any other countries where they have resided for six months or more over the past decade.
Moreover, candidates must submit a refundable fee for due diligence to support a comprehensive background check process. According to the Citizenship by Investment Act of Grenada, potential investors have two options to obtain a passport:
1. Contribution to the National Transformation Fund ─ The National Transformation Fund (NTF) offers an opportunity for aspiring passport holders to invest in the nation’s economy. This citizenship through the investment route enables individuals to play a part, in Grenada’s progress and growth.
The NTF finances projects across various sectors in Grenada, including agriculture, tourism, and alternative energy. It represents the most straightforward method of acquiring secondary citizenship in the country, with investments in the fund reaching $172.8 million between 2016 and 2022.
Benefits
- Streamlined processing compared to real estate investment
- Electronic application for enhanced efficiency
- Improved infrastructure, education, and disaster relief efforts
Investment Requirement
- Minimum investment of $150,000 for single applicants, directed towards the National Transformation Fund
- For married applicants or those bringing family members to Grenada, a minimum investment of $200,000 is required. This covers families of up to four members, including the main applicant. Additional dependents require an extra $25,000 per person.
2. In times there has been a notable increase in the interest for real estate in Grenada spurred by the thriving tourism sector in the Caribbean and the rising curiosity from tourists looking for various property choices in a consistently sunny climate throughout the year.
As a result, investing in an estate in Grenada has become an appealing opportunity for acquiring dual citizenship. This pathway enables investors to put their money into an endorsed property of their preference, which could comprise properties like villas, hotels, and resorts that hold potential, for returns.
Benefits
- Ready-to-occupy residence for the investor and their family
- Additional income from rental properties
- Favorable property taxation, with no capital gains or estate taxes
- Lifetime dual citizenship
Investment Requirement
- Two options for investors:
- Ownership of real estate valued at least $350,000
- Investment in a real estate share of at least $220,000
- These minimum investment amounts cover single applicants and families of up to four members. Additional family members can be included after the third dependent by paying a $25,000 government fee per person.
Note ─ Investors must maintain ownership of the real estate (or real estate share) for at least five years after obtaining their Grenada passport to retain citizenship.
