Grenada Citizenship by Investment
Grenada Citizenship by Investment overview
Grenada Citizenship by Investment benefits
- Citizenship for life, applicable for future generations
- Multiple citizenship is permitted
- Dependents that may be included: spouse, children under 30, parents and grandparents of any age, and siblings of the main applicant or spouse who are over 18, single, and with no children
- Travel visa-free to over 140 countries, including China, Brazil, the UK, the UAE, and the Schengen Area
- Grenada citizens may be eligible to apply for a USA E-2 Visa
- No residency requirement
- No tax on worldwide income
- No language requirement
- Grenada is located outside of the Hurricane Belt
- Ability to live, work, and settle in other CARICOM nations
Grenada Citizenship by Investment requirements
- The applicant must be aged 18 years or older
- Be of good character, excluding minor or spent convictions
- The applicant must not be the subject of a criminal investigation
- Have not been denied a visa from any visa-free country with no subsequent visa approval
- The applicant and family members must not be suffering from any contagious disease and must be in good health
- The application must be submitted through a government-authorised agent
Grenada Citizenship by Investment investment options
- The Donation option, a government donation:
- USD 235,000 for families of up to 4 persons (excluding parents and grandparents under 55 and qualified siblings)
- USD 25,000 for each additional dependent (excluding parents and grandparents under 55 and qualified siblings)
- USD 50,000 for each parent or grandparent under 55
- USD 75,000 for each qualified sibling
- The Real Estate option (Direct Purchase): purchase a solely owned authorised real estate unit with a minimum value of USD 350,000, which must be held for at least five years
- The Real Estate option (Share Investment): purchase a share in authorised 'tourism' real estate with a minimum value of USD 270,000, which must be held for at least five years
Grenada Citizenship by Investment application process
Process (6 to 9 months)
- Complete pre-assessment, KYC, and eligibility checks
- Complete the Grenada bank approval process
- Complete all application forms and pay legal and due diligence fees
- Submit the application through an authorised agent
- Upon approval, pay the balance of the investment, passport fees, and other government fees
- Obtain the Certificate of Citizenship
- Issuance of passports for all family members
Frequently asked questions
Who is eligible to apply for the Grenada Citizenship by Investment Program?
The primary applicant must be over 18, of good character, without a criminal record, and must make an investment or contribution in one of the qualifying options. Applicants are ineligible if they provide false information, have been convicted in any country of an offence carrying a maximum custodial penalty of more than six months in Grenada (unless they have received a free pardon), are under criminal investigation, pose a national security risk to Grenada or any other country, are involved in activity likely to bring Grenada into disrepute, or have been denied a visa by a country with which Grenada has visa-free travel without later obtaining a visa from that country.
Who qualifies as a dependent on the Grenada Citizenship by Investment Program application?
Eligible dependents are the spouse of the main applicant, dependent children of the main applicant or spouse up to 30 years old who are supported by them, parents or grandparents of the main applicant or spouse who are fully supported by the main applicant, single and childless siblings of the main applicant or spouse who are at least 18, and children born within 12 months of the grant of citizenship.
What are the benefits of citizenship in Grenada?
A Grenada passport allows visa-free travel to over 140 countries, including China, Hong Kong, Singapore, the UK, and the European Union. Dual citizenship is permitted, and citizenship is valid for a lifetime. It can be granted to second-generation family members, meaning children born after application approval, and to third-generation family members, though that is not automatic and conditions apply.
What is the usual processing time for the Grenada Citizenship by Investment Program?
The processing time is approximately 4 to 8 months.
Do I need to travel to or reside in Grenada as part of the Grenada Citizenship by Investment Program application process?
No. There is no requirement to travel to or reside in Grenada before obtaining citizenship.
Do I need to show the source of funds for my Grenada Citizenship by Investment Program investment?
Yes. Applicants must show that they have enough funds to make the investment, and the documents required will vary depending on where the investment funds come from.
Can I use money gifted to me by a friend or family member for the Grenada Citizenship by Investment Program investment?
Yes. Gifted money from a friend or family member can be used for the investment. In most cases the sponsor will need to provide additional documents about their own source of funds, and the documents required will vary depending on where the funds come from.
Grenada Citizenship by Investment
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