The Citizenship by Investment program in Grenada was established following the passage of the Citizenship by Investment Act, 2013, by the Grenadian parliament. This legislation safeguards the program and is officially known as the ‘Citizenship by Investment Act, 2013 (Act No. 15 of 2013).’
The law is formally documented, published, and incorporated into Grenada’s legal framework as ratified by the national parliament. It provides that any individual may apply for naturalization and become eligible for citizenship upon payment of the required fees, provided the Government is convinced that the applicant has made a significant investment in Grenada.
The Grenada Citizenship by Investment Program requires applicants to make either a significant economic contribution or acquire a government-approved qualifying asset. After undergoing a comprehensive vetting and due diligence process, including background checks, successful applicants and their families are granted citizenship.
Eligibility
The Main applicants must meet the following criteria:
- Must Be 18+ years of age
- Have a good health record
- Hold no criminal record
- Grenada CBI Eligible Dependents:
- Applicant’s spouse and unmarried children (biological or adopted) should be under the age of 30
- Dependent parents and grandparents of the applicant and spouse
- Unmarried & childless siblings of the applicant should be aged 18 years and above
Processing time & Financial Commitment
Applications take between 9-15 months for citizenship to be granted and receival of passports, and require an investment between $235,000 and $300,000.
Benefits of Grenada Citizenship
Visa-free Travel
Enjoy visa-free or visa-on-arrival access to more than 140 countries and territories worldwide, including major destinations such as Hong Kong, Singapore, China, Russia, the Schengen Area, and the United Kingdom.
US E-2 Eligibility
Grenada is the only Caribbean Citizenship By Investment (CBI) program that holds an E-2 Investor Visa Treaty with the United States of America (USA), allowing citizens to be eligible to apply for a non-immigrant visa after being domiciled in Grenada for a continuous period of three (3) years. Applicants will be eligible for the E-2 Investor visa program in the United States, opening doors to business opportunities and extended stays in the USA.
Lifelong Citizenship
This CBI gives applicants lifelong citizenship with full rights to live and work in Grenada. It provides the ability to include a spouse, children under 30, unmarried siblings aged 18 and over, parents, and grandparents of the main applicant and applicant’s spouse. Citizenship is transferable to new spouses and future generations.
Dual Citizenship
Applicants do not need to renounce previous citizenships of other countries and can rest assured that the home country’s authorities are not informed of the new citizenship status.
Tax benefit
Benefit from a favourable tax environment which does not tax worldwide income, wealth, gifts, inheritance, and capital gains.
