Grenada Citizenship
DONATION
$150,000
REAL ESTATE
$220,000
TIME TO CITIZENSHIP
4-6 Months
VISA-FREE TRAVEL
140+ Countries
Grenada Citizenship By Investment Program
Grenada is located in the Lesser Antilles in the Eastern Caribbean and forms part of an archipelago of islands. Also known as the Isle of Spice, Grenada has an area of 133 square miles (344 square km) and has two dependencies, namely, Carriacou and Petite Martinique. Carriacou has an area of 13 square miles (33.7 square km) and lies 20 miles to the north of Grenada. Petite Martinique comprises 586 acres (2.37 square km). Excellent ferry services facilitate the easy movement of persons between the three islands. The islands boast lush forests and vegetation and beautiful white sand beaches. While Grenada has 45 beaches, the Grande Anse beach is unrivalled. It stretches for two miles along the Caribbean Sea and exudes such tranquility and serenity that it is by far the most sought after beach.
One of the numerous reasons to visit the three magnificent main islands is for the breathtaking scenery. Grenada’s popularity as a favorite destination for many high net worth investors has been bolstered by diving, sailing, outstanding restaurants, fabulous beaches, and a schedule of spectacular festivals. It is not surprising that it is home to several major hotels. Grenada is also important for its’ educational opportunities. For over 35 years, the island has been home to the world-renowned St. George’s University which has in excess of 6,000 students from over 140 countries. The University, best known for its medicine and veterinary science faculties also offers diverse Arts and Science programs.
Grenada has magnificent historical sites and landmarks to explore. The Molinere Underwater Sculpture Park is a masterful piece of underwater artwork covering approximately 800 square meters and comprising over 65 concrete human form sculptures. It is the world’s first underwater sculpture park and was created by Jason DeCaires Taylor, a British Sculptor. Grenada is also well known for its fortifications of which the most noted are Fort George and Fort Frederick. It gained independence from the United Kingdom on the 7th February, 1974.
VISA-FREE TRAVEL
- RGrenada lies 1,531 miles (2,463 km) from Florida; 2,105 miles (3,388 km) from New York and 4,345 miles (6,993 km) from London.
- RThe country has direct airlift from various international destinations including Miami, New York, London and Canada.
- RIt has excellent connections with other major world capital cities.
- RHolders of Grenada Passports can travel to over 140 countries visa free.
GOVERNMENT
- RThe style of Government is one of a parliamentary democracy with a Governor General representing the Queen of England, who is the official Head of State.
- RA Prime Minister is the Head of Government.
- RThe country is a member of the British Commonwealth and maintains membership in various regional and international organizations including the United Nations.
CULTURE & SPORTS
- RGrenada comes alive with a host of cultural activities throughout the year
- RNational Carnival – Spicemas: July
- RPure Grenada Music Festival: April
- RCarriacou Maroon and String Band Music Festival: April
- RGrenada Chocolate Festival: May
- RGrenada International Triathlon: April – May
About the Grenada Citizenship Program
The Citizenship by Investment Program was re-established in 2013 and has its legal foundations in the Grenada Citizenship by Investment Act, No.15 of 2013 together with various amendments to the Act and supporting Regulations. The primary purpose of the Program is to facilitate the attainment of permanent residence and citizenship of Grenada primarily through contributions to a Government National Transformation Fund or investing in Approved Real Estate Projects. Investors are given the opportunity to apply for themselves and their dependents to become lifetime citizens of Grenada in accordance with legal requirements. Dependents include the spouse of the main applicant, children under the age of 30 years, children of any age who are physically or mentally challenged as well as siblings, parents and grandparents of any age.
Benefits of Grenada Citizenship Program
Grenada citizenship by investment program allows Visa-Free Travel to over 140 countries including China, the United Kingdom, European Union Schengen and Caribbean countries, Hong Kong, Singapore and many others worldwide
Visa Free Travel to China – Grenada is one of the few countries in the world with this privilege
Excellent opportunity to live and work in the USA via the E2 visa
Full Residence Status including the right to live and work in Grenada
No Residency Requirement before or after the grant of the second citizenship
Dual Citizenship is permitted so applicants are not required to renounce their existing citizenship
Right to Live and Work in many other Caribbean countries
Democratic Government offering stability
Excellent Investment Climate
Unrestricted Repatriation of profits and imported capital
No Taxation in respect of wealth, foreign income, capital gains, gifts and inheritances
Lifestyle Benefits including pleasant climate and unspoiled natural environment
International Education Opportunities – Grenada is home to one of the best United States offshore universities – St George’s University. It offers medical, veterinary, and arts and sciences training and graduates train in top hospitals in the United States and the United Kingdom. It is internationally accredited.
Other Education Advantages – Preferred Access and Scholarships for young persons to top schools and universities
Grenada Citizenship Application Process
At Citizenship and Corporate Services Ltd (CCS) you are in capable hands. We are an Authorized Local Agents able to advise on citizenship applications and submit files directly to the Government for consideration.
We have a very experienced team of professionals who are intimately knowledgeable about the Grenada Citizenship by Investment Program. Clients are afforded a personalized and confidential service through our team of citizenship specialists. We are industry leaders who have been tested and proven by our clients.
A Principal Applicant must be at least 18 years of age in order to be eligible to make an application for Grenada citizenship by investment program. Be in good health, have sufficient funds to make the required investment, meet the associated fees and show that the funds that are to be invested are from a legal source. He or she may include any one or all of the following dependents in his or her application:
- Spouse
- Children under the age of 18 years
- Children between 18 – 30 years who are in full time attendance at a recognized institution of higher learning and financially dependent on the Principal Applicant or his or her Spouse.
- Children over 18 years of age and who are physically or mentally challenged, and who are living with and are fully supported by the Principal Applicant.
- Parents and Grandparents of either the Principal Applicant or his or her Spouse who are financially dependent on the Principal Applicant.
- Biological or legally adopted Siblings of the Principal Applicant or Spouse above 18 years old who are single and childless.
Applicants are required to submit completed Government application forms together with supporting documents which are based on the particulars of both the Principal Applicant and his or her dependents. Contact Us today for a personalized list of required documents for you and your family.
The Grenada passport by investment application process takes between 4 – 6 months from the date of submission of the application. CCS has developed a Streamlined and Interactive Process (SIP) which is very effective and easy for clients to follow. It enables CCS to provide guidance, assistance and advice to its clients throughout the application process, which ensures a very high rate of success. Our Citizenship Specialists monitor the progress of each application at all stages of the process.
Streamlined and Interactive Process (SIP)
| SIP Step 1: Preliminary | CCS conducts one-on-one dialogue with clients to answer questions, clarify elements of the Program as well as determine eligibility. The client and CCS execute an Engagement Letter detailing the services to be provided including a quotation of all fees and costs. Clients choose their preferred option for citizenship and their real estate property if applicable. |
| SIP Step 2: Preparation and Submission of Application | CCS Citizenship Specialists provide clients with both comprehensive application kits (comprising application forms, checklists, notes and sample documents to guide the preparation of their applications) as well as other assistance and guidance as required. CCS undertakes a robust review of each client’s documents before the application is submitted to the Citizenship by Investment Unit (CIU). |
| SIP Step 3: Due Diligence & Decision | At this stage, the CIU will conduct its due diligence exercise in relation to the application. Any queries emerging from the due diligence process are responded to effectively and quickly. At the end of this process, the CIU will issue one of the following decisions: Approved in Principle; Delayed for Cause or Denied. |
| SIP Step 4: Issuance of Certificate of Citizenship & Passport | Once a client’s application has been approved in principle, the balance of the Government processing fees becomes payable as well as the investment or donation amount. The passport application is submitted to the CIU. Upon satisfaction of these requirements, the CIU issues the Certificate of Registration and passport for the client. CCS ensures that these documents are safely and securely delivered to the client. |
A person who falls into any one of the following categories will be deemed ineligible for citizenship of Grenada:
- Has misrepresented the information on his or her application.
- Is of ill health which means having a contagious disease or major health problems.
- Has been convicted of a criminal offence and adverse information is available on international databases.
- Is a potential risk to the national security of Grenada or may bring the country into disrepute.
Investment Options And Fees
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Option 1: Real Estate Investment in a Government Approved Project
The Government determines which real estate projects meet the established threshold to be designated as Approved Projects following which they become eligible to participate in the Program. With the increasing demand for tourism related accommodation in Grenada, the majority of the approved projects are hotel resorts and villas. This augurs extremely well for the investor in the real estate option of the Citizenship by Investment Program as the investment attracts excellent returns. The minimum investment that an investor is required to make is shown in the Table below. A property acquired under this Option may be resold after5 years following the grant of citizenship.
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Minimum Investment – Payabale upon grant of approval in principle. |
– $220,000 (Shared Project) – $350,000 (Individual Unit)
– Irrespective of the number of dependents that are included in the application.
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Due Diligence Fees – Payable on submission of application |
– $5,000 – Principal Applicant
– $5,000 – Spouse
– $5,000 – Dependent 17 years and older
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Government Application Fees – Payable on submission of application |
– $1,500 Per person in the application |
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Government Fees – Payable upon grant of approval in principle |
– $50,000 – Principle Applicant and up to three Dependents
– $25,000 – Each additional Dependent
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Government Processing Fees – Payable on submission of application |
– $1,500 – Principal Applicant
– $1,500 – Spouse
– $1,500 – Dependent 18 years and older
– $500 – Dependent below 18 years
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| Other Applicable Fees |
– Passport Fees
– Oath of Allegiance Fees
– Bank Transfer Fees
– Property Transfer Fees
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Option 2: Donation to the the National Transformation Fund (NTF)
The National Transformation Fund (NTF), which was established in 2013 aims at providing support to various sectors in the economy, in particular, tourism, agriculture and alternative energy. Donations to the NTF facilitate the transforming of the economy of Grenada to one that is more self reliant and resilient.
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Minimum Investment – Payabale upon grant of approval in principle. |
– $150,000 – Single Applicant
– $200,000 – Principle Applicant and up to three Dependents
– $25,000 – Each additional Dependent
– $75,000 – Each Qualifying Sibling (in addition to regular donation amount for family size)
– $50,000 – Each Parent under 55 years old (in addition to regular donation amount for family size)
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Due Diligence Fees – Payable on submission of application |
– $5,000 – Principal Applicant
– $5,000 – Spouse
– $5,000 – Dependent 17 years and older
|
|
Government Application Fees – Payable on submission of application |
– $1,500 Per person in the application |
|
Government Processing Fees – Payable on submission of application |
– $1,500 – Principal Applicant
– $1,500 – Spouse
– $1,500 – Dependent 18 years and older
– $500 – Dependent below 18 years
|
| Other Applicable Fees |
– Passport Fees
– Oath of Allegiance Fees
– Bank Transfer Fees
|
Our Citizenship Specialists would be pleased to provide a complimentary fully-customized quotation for you and your family which will detail the costs including professional fees associated with your application for citizenship in Grenada.
Visa-Free and Visa-On-Arrival Countries
EUROPE
Albania
Andorra
Austria
Belarus
Belgium
Bolivia
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City
EUROPE
Albania
Andorra
Austria
Belarus
Belgium
Bolivia
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Gibraltar
Greece
Hungary
Iceland
Ireland
Italy
Kosovo
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Vatican City
EUROPE
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Asia
Armenia
Bangladesh
Cambodia
Georgia
Hong Kong
Indonesia
Iran
Jordan
Laos
Lebanon
Macao
Malaysia
Maldives
Nepal
Philippines
Qatar
Singapore
South Korea
Sri Lanka
Timor-Leste
EUROPE
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Africa
Botswana
Cape Verde Islands
Comoros
Egypt
Eswatini (Swaziland)
Gambia
Guinea-Bissau
Kenya
Lesotho
Madagascar
Malawi
Mauritania
Mayotte
Mauritius
Mozambique
Reunion
Rwanda
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
St. Helena
Tanzania
Togo
Tunisia
Uganda
Zambia
Zimbabwe
EUROPE
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North America
Anguilla
Antigua and Barbuda
Bahamas
Barbados
Belize
Bermuda
British Virgin Islands
Cayman Islands
Costa Rica
Cuba
Dominica
Dominican Republic
El Salvador
French West Indies
Greenland
Grenada
Guatemala
Haiti
Honduras
Jamaica
Montserrat
Nicaragua
Panama
Saba
St. Eustatius
St. Kitts and Nevis
St. Lucia
St. Maarten
St. Vincent
Turks and Caicos Islands
EUROPE
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South America
Aruba
Bonaire
Brazil
Chile
Colombia
Curacao
Ecuador
French Guiana
Guyana
Peru
Suriname
Trinidad and Tobago
Venezuela
EUROPE
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Oceania
Cook Islands
Fiji
French Polynesia
Kiribati
Micronesia
New Caledonia
Niue
Palau
Samoa
Solomon Islands
Tuvalu
Vanuatu