Grenada is one of the most beautifully lush islands in the West Indies. Naturally exotic, Grenada’s breath-taking scenery includes mountains, waterfalls, and golden beaches surrounded by tropical rain forests which is appealing even to the most discerning world traveller. The mix of pure, authentic Caribbean of yesteryear and the friendly, modern lifestyle of today makes Grenada the perfect place to live and play.
In 2013, the independent island nation of Grenada relaunched its Citizenship by Investment Programme.
Efficiency: A law mandates that routine applications be approved within 60 days of submission, with the passport issued immediately thereafter. (The application cannot be submitted until after the background checks have been performed.)
Family friendly: By not charging exorbitant processing and due diligence fees for spouses and family members, Grenada is an attractive option for international businessmen looking for security and travel options for their families.
Visa-free travel: Grenada passport holders are allowed visa-free travel to more than 135 countries.
Opportunity for E2 Visa treaty with the U.S.
Zero tax: The island has no income, wealth, or inheritance taxes.
There is no requirement to visit Grenada in order to qualify for citizenship.
Obtain citizenship by investing in the National Transformation Fund.
The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent.
The National Transformation Fund (NTF) is a Government fund held for financing projects that will improve Grenada’s economy, help its diversification, and benefit industries including tourism, agriculture, and alternative energy solutions.
In order to qualify for the Citizenship by Investment Programme, the investor makes a designated, non-refundable, per-person NTF charitable donation.
First, the applicants receive permanent residency, followed by citizenship. In most cases, the application for permanent residence and citizenship is considered at the same time.
The benefit of the NTF is the lack of hassles associated with owning vacation real estate. However, as the NTF program is a non-refundable contribution, the Citizenship by Investment in real estate option may provide a partial or healthy return on investment.
Total investment required: US$ 234,000*
Obtain citizenship by investing in an approved Real Estate project.
The real estate investment programme allows approved applicants to invest in CBI supported real estate developments.
To qualify, the investor (or investors) must enter into a contract to buy property worth US$350,000 or more. Once the purchase contract has been signed and the full investment amount has been transferred to an escrow account, the investor may apply for citizenship.
Once citizenship has been accepted, the investor receives the passport, citizenship certificate, and shares certificate. The only stipulation is that the property may not be sold within four years, or citizenship can be revoked.
Total investment required: US$434,000*
* Professional fees for citizenship processing are payable for all applications and will vary depending on the number of dependents and application complexity.
The granting of citizenship is at the sole discretion of the government. There is no guarantee that the applicant will be approved.