Grenada Citizenship by Investment

NTF Fund
Donation
$150K
Onwards
One time donation to Government
Property Investment
Real Estate
$200K
Onwards
Shares in Five star resorts
Visa Free
144
Total
Full List
Grenada
1
Rank
Rankings

Grenada is a caribbean island nation comprising of six islands known as “Isle of Spice”. The island was originally known as Camerhougue, but Christopher Columbus renamed it “Concepción Island” when he visited it in 1498. Grenada has idyllic white or golden sand, palm trees, idyllic beaches, jagged mountains, spice plantations with authentic caribbean destination. Grenada consists of three key islands: Grenada, Carriacou and Petite Martinique each has rich history, culture and culinary delights. Grenada was a French and British colony, but gained independence from the United Kingdom on February 7, 1974. There are no wealth, inheritance or income taxes in Grenada.

Grenada’s economy is constantly expanding in the tourism, agriculture, and manufacturing sectors. The country has launched new citizenship by investment program in 2015 immediately granting citizenship to foreign investors. Grenada citizenship scheme is rated as the gold standard in the CBI industry.

Grenada Benefits

  • Ranked as Top CBI in the Caribbean.
  • Visa free travel to 140+ countries including UK, Schengen states, China
  • Fast application processing by authorities (60 days)
  • Lifetime citizenship for family and children.
  • Access to E2 visa treaty with the US.
  • Confidential application process with no exchange of information with other Governments.
  • Direct flights to London, Germany, New York, Miami.
  • Full citizenship rights including right to vote and public office.
  • No personal visit required.
  • Zero residence requirement.

Citizenship by investment

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship or permanent residence. The Citizenship by Investment Programme (CIP) came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada through the following investment options:

  • USD 150,000 contribution to NTF fund.
  • USD 220,000 in Real estate investment. (refundable buyback share) in hotel resorts

In addition to the investment, there are several additional fees such as due diligence fee, Government fee, Passport fee etc.

Eligibility

The main applicant must demonstrate that he or she:

  • Is at least eighteen years old;
  • Is in good health; and
  • Has enough funds to make the required investment. The source of these funds must be legal.
  • Must not have had a visa refusal from UK, Schengen, Canada or any other countries with visa waiver agreement.
  • Must not have had citizenship application refused by other countries.
  • Not from a blacklisted country (Iran, Russia, Belarus etc.)

CBI Amendments

Grenada CIU had strengthened their citizenship by investment program with some new changes introduced in recently benefiting the applicants.

  • Removal of permanent residence as a pre-requisite for citizenship
  • Removed the requirements for dependent children between the ages of 18 and 30 to be enrolled at an institution of higher learning and
  • Parents or grandparents over 55 years to be fully supported.
  • Secondary purchasers of CBI real estate units in approved real estate projects can acquire citizenship
  • Real estate investment reduced to USD 220,000 per share, jointly or co-investing in $440,000 unit.

CBI Fees

On top the above investment minimum, the following additional fees are payable to the Government.

NTF Contribution

NTF DONATIONSingle ApplicantMain Applicant + SpouseFamily of four family membersFamily over four family members
Required Contribution AmountUSD 150,000USD 200,000USD 200,000USD 200,000 plus USD 25,000 per additional dependant after the third dependant
Application FeeUSD 1,500USD 1,500 per personUSD 1,500 per personUSD 1,500 per person
Due Diligence FeeUSD 5,000USD 5,000 per personUSD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing FeeUSD 1,500USD 1,500 per personUSD 1,500 per person aged 18 and over, USD 500 for persons under 18USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Real Estate

REAL STATE OPTIONSingle ApplicantMain Applicant + SpouseFamily of four family membersFamily over four family members
PropertyUSD 220,000USD 220,000USD 220,000USD 220,000
Government FeeUSD 50,000USD 50,000USD 50,000USD 50,000 and USD 25,000 per additional dependant after the third dependant
Application FeeUSD 1,500USD 1,500 per personUSD 1,500 per personUSD 1,500 per person
Due Diligence FeeUSD 5,000USD 5,000 per personUSD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing FeeUSD 1,500USD 1,500 per personUSD 1,500 per person aged 18 and over, USD 500 for persons under 18USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Approved Real Estate

You can also invest in five star hotels investing atleast $220,000 plus Govt fees in Grenada for citizenship. These are very good projects,  approved by Government for CBI program.

Family Dependents

Family member rules apply when submitting family applications. Note the age limit below. The following dependants can be added to same family application as follows:

  • Spouse
  • Biological or adopted children of the main applicant or spouse under the age of 30.
  • Biological or adopted children of the main applicant or spouse of any age, who are Physically, or mentally disabled.
  • Parents or grandparents of the main applicant or spouse of any age.
  • Biological or adopted siblings of the main applicant or spouse, who are 18 years or older, without child and unmarried (single).

Not if the siblings do not meet the age limit or already married, they must file a separate application.

Grenada Passport

The Grenada passport ranked as 30th powerful passport in the World, for having visa free access to 146 destinations, Including China, Hong Kong, Singapore, the UK, and Europe’s Schengen Area. The Grenadian passport initially issued is valid for 5 years and no requirement to visit Grenada.

Processing times

About 3-4 months

Real Estate

The current minimum real estate requirement has been reduced to USD 200,000. You can buy equity share, limited share in five star hotels and luxury resorts in Grenada. You get permanent residency + citizenship. We work with hotel developers directly without intermediaries.

Citizenship Legislation

The Citizenship by Investment Programme came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.

Application Forms

The applications forms for Grenada CBI is available for free download from official website.

Interviews

The Grenada CBI Unit has implemented mandatory interview process will take effect September 4, 2023 for all applications. The main applicant, spouse, sponsor, and any dependents seventeen (17) years and over will be required to fill in the attached Interview Application Form which must be submitted to the CBI with the application package.  The interview fee is $1000 per person.

Download

Grenada CBI Brochure 2023 – Download pdf

E-2 Visa

Grenada has E-2 investor visa treaty with United States. To get E-2 visa, you need to invest atleast $100,000 in a US company with creation of 3 jobs.

To qualify for E-2 visa, Third country nationals who acquired Grenada citizenship by investment must have been domiciled for a continuous period of not less than 3 years at any point before applying for a nonimmigrant visa. USCIS can request additional documentation related to how the applicant obtained treaty country nationality to ensure compliance with the amended language.

Visa Waivers

Grenada has visa waiver agreements with number of countries and territories. You can download the full list pdf

Due Diligence

Vetting and due diligence are performed by the likes of third party due diligence firms such as Thompson Reuters; the Financial Investigations Unit (FIU); the Joint Regional Communications Center (JRCC); international clearances through Interpol; and other procedures. Commercial (or technical) due diligence is performed concurrently with security due diligence. Commercial due diligence includes research on bankruptcies, litigation and sanctions.

Grenada CBI Committee

The Grenada Citizenship by Investment Committee (CBIC) is the Government body responsible for overseeing the processing of applications for citizenship by investment or by permanent residence. The CBIC assesses each application in accordance with the Grenada Citizenship by Investment Act, 2013. It then makes recommendations to the Minister, who has the final say on whether to approve, deny, or delay the granting of Grenadian citizenship.

Application process

An applicant for citizenship must fulfill the personal requirements established under the Grenada Citizenship by Investment Act, 2013. Among other things, this means that he or she must be at least eighteen years old, have no criminal record, be in good health, and be willing to make the required contribution. A person who fulfills these requirements may then take the following steps:

STEP 1 : The first step in applying for citizenship is to apply through authorized agent, pay an initial 10% fee (50% agent fee plus DD fee).

STEP 2: The second step is Authorised Local Agent, whose role is to provide the applicant with assistance in preparing documents for submission to the CBIC. The applicant will need to complete official forms, attend a medical examination, and obtain certain supporting documents – all of which must be submitted in English and be appropriately legalised. If the applicant is purchasing real estate, this will need to be reserved through a sale and purchase agreement. The Authorised Local Agent will be able to advise the applicant on the preparation of the documents and on how to have them legalised.

STEP 3: When all forms are complete, the Authorised Agent submits the application to the CBIC. The Authorised Local Agent then becomes responsible for liaising with the CBIC in relation to all correspondence, queries, or questions that may arise with respect to the applicant’s file. There is currently no mandatory interview requirement for the Grenada Citizenship by Investment Programme.

STEP 4: Each application is vetted by the Government through a thorough due diligence background check, during which time submitted information is examined and verified. The CBIC considers application files in light of this due diligence check, and then issues a recommendation about the application. Final approval is in the hands of the Minister, who generally follows the CBIC’s recommendation. Upon the Minister making a decision, the applicant is issued a letter (through his or her Authorised Local Agent) detailing whether the application was successful, delayed for further processing, or rejected.

STEP 5: If the application is successful, the CBIC issues a letter instructing the applicant (through his or her Authorised Local Agent) to either make the contribution (for the NTF option) or complete the purchase of his or her real estate. If real estate is purchases, then the applicant must demonstrate completion, as well as the execution of all necessary documents. Upon receiving proof of payment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship. Authorised Local Agents must use this certificate to apply for a Grenadian passport on behalf of the applicant.

Grenada Real Estate Market

Grenada property market is expected to expand by 1.8% in 2016 due to increasing number of foreign buyers. Hotel cottages cost about $420,000 while luxury villas in coastal areas cost $600,000. The average prices per square foot cost $200 to $500 depending on the location. The rental yields are about 4.2% in coast areas.  The residential areas of Mount Cinnamon, Prickly bay, Port Louis cost around $700 to $1000 per sq.ft while at Four seasons are very expensive almost double $1700 per sq.ft

Below please find a list of Government-approved projects that have qualified for the Grenada Citizenship by Investment progra. This list is likely to change as more projects are approved and new opportunities become available.

These are the popular real estate approved projects that qualify for citizenship.

FAQ’s

These are frequently asked questions about grenada citizenship.

Can i apply for citizenship with my family?

Yes, you may apply for citizenship with your wife or husband, dependent children, and dependent parents. Fees for family members vary according to the number of family members included in a citizenship application.

Is the NDF investment refundable if application refused?

You only pay full amount only after receiving approval letter from the Government. You will start the application process paying $10,000 in advance and launch the application to Government through authorized agent.

Do i have to visit Grenada for the application process?

No, you do not need to visit Grenada before, during, or after the application process. You can collect passports from your authorized agent.

Must I renounce my current citizenship and passport to receive Grenadian Citizenship?

No, Grenada allows dual citizenship, and you thus do not need to renounce any other citizenship or passport.

What is the time frame for the process?

Your application for Citizenship by Investment will be approved within 60 business days of submission (subject to a satisfactory due diligence check and the funds being received). You may apply for a passport shortly after. Passports are issued within days of the request.

For how many years is a Grenadian passport valid for?

All Grenadian passports are valid for five years.

Are there any interviews for the CBI?

Yes, applicable from 2023.

Can i submit applications directly to the citizenship unit?

No you can only submit applications to Grenada citizenship unit, through authorized agent. We work with several local and marketing agents in Grenada authorized by the Government.

How do I renew my passport after expiry?

Grenadian passports can be renewed in the Grenadian Consulate in London, or directly through the Grenadian Passport and Immigration Office. You dont need to re-make any investment. There is a small $200 passport fee.

How is the education system in Grenada?

Grenada is home to the best United States offshore university – St George’s University. It is one of the finest medical, veterinary, and arts and sciences schools, and graduates train in some of the top hospitals in the United States and the United Kingdom. It is internationally accredited and currently has 6,000 students for over 140 countries.

How does Grenada being a part of the Commonwealth of Nations help me?

Being a citizen of a member of the Commonwealth of Nations brings several benefits. For example, you will be able to travel easily across member states, you will be protected by the embassies and commissions of other member states across the globe, and you will be eligible for certain sporting activities (the Commonwealth Games).

How is the economy of Grenada?

Grenada’s economy is expanding in the tourism, agriculture, and manufacturing sectors. As part of the Easter Caribbean Central Bank and currency system, its currency is stable, secure, and tied to the United States dollar. Business can also be conducted in United States dollars. There are no taxes on the repatriation of profit.

Can i visit USA and Canada with Grenada passport?

No you will need separate visa for these countries.

What is E2 treaty with US?

Grenada has signed E2 treaty with the US in 1989. The E-2 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains a treaty of commerce and navigation) to be admitted to the United States when investing a substantial amount of capital in a U.S. business.  For more information see: https://www.uscis.gov/working-united-states/temporary-workers/e-2-treaty-investors.

Can i add siblings for citizenship?

Grenada is the only CIP that permits the inclusion of siblings. There is no age limit but should be unmarried and childless.

Can Grenadian citizenship be passed through family generations?

Yes, citizenship can be passed up to third generation family members.

What are the common reasons for citizenship refusal?

In order to protect its people and Grenada’s international standing, the Government of Grenada will only grant citizenship to individuals who are truly deserving of that honor. Therefore, the Government will deny the application of any applicant who:

  • Provides false information on his or her application form;
  • Has at any time previously been convicted in any country of an offense for which the maximum custodial penalty for the same or similar offense in Grenada is in excess of six months imprisonment (unless he or she received a free pardon);
  • Is the subject of a criminal investigation;
  • Is considered to be a potential national security risk to Grenada or to any other country;
  • Is involved in any activity likely to cause disrepute to Grenada; or
  • Has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial
  • Reason to believe economic activity arising from OFAC sanction countries.

All main applicants must:

  •  at least eighteen years old;
  • in good health; and
  • Has enough funds to make the required investment. The source of these funds must be legal.

Whats special about Grenada passport?

Grenadian passport has visa waiver agreement with Russia, China, EU countries, United Kingdom, Ireland and 142 countries as of 2019.

Russia 90 days
China30 days
Israel90 days
South Korea90 days
Singapore30 days

How can i get permanent residence card along with passport?

CBI applicants can apply permanent residence card for an additional fee of $1,000 if  invested in a freehold property in an approved section 11 program, or if the applicant enters into a lease of one year or more.

What rights do i get becoming an economic citizen?

You get equal treatment with all citizens, right to vote, and hold government office positions.

Does Grenada publish citizen names in Gazette?

No. Neither published in Govt publications nor reported to other countries. Application process is confidential

As a CBI citizen, how can i apply for E-2 visa to United States?

You can apply for E-2 non immigrant visa at the US embassy at Barbados in person. You may be called for interview. Additional requirements include permanent residence status as a resident in Grenada.

Are there any restricted countries who cannot apply for Grenada?

Iran, Russia, Belarus. Any applicant who is denied citizenship in another CBI country will not be considered for citizenship in Grenada.