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Grenada citizenship

Grenada is a beautiful country consisting of seven islands in the Caribbean, of which it is the largest. Famous for its post-card natural beauty, pristine beaches, breathtaking waterfalls and tropical landscapes – it’s no surprise, tourism takes pride of the place among the country’s top industries.
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111,724

Population growth
0.44%

11,517 USD

GDP (per capita)
GDP (purchasing power parity):
1.8 billion USD

144

Visa-free countries

Unlock the door to global citizenship

Historically, it is known as the “Spice Island”, because of its leadership in the production and export of nutmeg and mace for centuries.
A peaceful and politically stable state, Grenada is home to thousands of expatriates and second passport holders.
It attracts a large number of High Net Worth Individuals(HNWI) due to its excellent financial system with many international banks. Grenada is also home to a number of top international universities.
Grenada’s Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.

How to obtain Grenadian citizenship

Becoming a citizen of Grenada means that you can enjoy all the rights and privileges of citizenship of a Commonwealth country in the UK and other Commonwealth countries. Grenada’s passport gives you access to more than 140 countries around the world, among them the UK and the Schengen countries. It is the only programme in the Caribbean that allows entry into China without the need for a visa.
The Grenadian passport enables you to obtain an E-2 visa that gives you the opportunity to enter, live and work in the United States of America. Approval is possible in less than 4 months with remote application, so there is no need to travel to Grenada.

1

By Donation

Donation of a minimum of $150,000 to the National Transformation Fund (NTF), or $200,000 for a family of up to four members. An extra donation of $25,000 is required for each additional dependent.

2

By investing in real estate

Independent investment in a government approved real estate project at a minimum value of $220,000 which must be held onto for a minimum of five years. There is an additional government fee of $50,000 for up to a family of four. There is an extra government fee of $25,000 for each additional dependent.

Benefits of second citizenship in Grenada

Government

Economically, legally and socially stable country which is part of the Commonwealth, with a democracy based on the British Parliamentary system.

Travel Requirements

There is no need to travel to Grenada to obtain the residency. The whole application, from beginning to end, can be done remotely

Citizenship Inheritance

Irrevocable citizenship which is passed down for generations.

Visa Free Travel

Travel visa free to 111 countries, including Singapore, Japan, Qatar and South Korea

Visa Treaties

Grenada is the only Caribbean country with a treaty with the USA, resulting in eligibility for the US E2 non-immigrant visa, plus visa free travel to China.

Includes Dependants

You can include your spouse, any children under 30, parents over 55, grandparents and unmarried siblings in a single application

Taxation in Grenada

Grenadian residents enjoy various tax benefits, including:
• No capital gains, inheritance tax, income tax or wealth tax on worldwide income or assets.
• Individual Income Tax Rate: 10% on the first XCD 24,000 and 28% on income exceeding the amount
• Corporate Income Tax Rate: 28%
• Value Added Tax: 15%

THE APPLICATION PROCESS

The application process is overseen by The Grenada Citizenship by Investment Committee (CBIC). 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. The process of obtaining citizenship in Grenada takes approximately four months. Here is an overview of the process.

MONTHS 1 - 2

Initial client due diligence takes place. Client agreement is signed and retainer is paid. Application is prepared and submitted to the relevant authorities.

MONTHS 2 - 4

Application is reviewed and final due diligence checks are carried out. Application is approved. Investment or donation is completed.

MONTHS 4:

Certificate of citizenship and passport is issued.

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