Grenada Citizenship By Investment
Grenada is a beautiful island country in the West Indies in the eastern Caribbean Sea.
The country is famously known as the ‘Spice Isle’ for its fragrant spices such as nutmeg, mace, and cinnamon. The island holds a special place amongst adventure lovers for its underwater excursions like diving and sailing. An island full of majestic waterfalls and idyllic beaches, Grenada is a paradise on earth.
If you want to be a citizen of this beautiful island country, you can invest in Grenada and acquire its’ citizenship.
Granada citizenship by investment
Grenada introduced a citizenship-by-investment program in 2013 under the regulations of the Grenada Citizenship by Investment Act. After you acquire Grenada citizenship, you can travel visa-free to 138 countries, including Europe’s Schengen zone, Singapore, and Hong Kong. You don’t need to pay tax on worldwide income.
You can also get an E2 business visa to operate a substantial business in the U.S. and reside therein.
Grenada offers dual citizenship. This means you don’t have to give up your citizenship in another country. You also don’t need a physical residency in Grenada to apply for the program.
The citizenship by investment program is designed to allow foreign nationals and their family members to acquire Grenada citizenship through investments in the National Transformation Fund and government-approved real estate purchases.
Investment Options under Grenada Citizenship through Investment Program
There are 2 investment options through which Grenada citizenship can be acquired.
1. National Transformation Fund Contribution
You may donate at least US$235,000 to the National Transformation Fund to acquire Grenada citizenship through investment. The donation is non-refundable. The investment of US$235,000 covers you (the main applicant), your spouse, and 2 qualifying dependents, which means a total of 4 family members.
You can include more family members by contributing an extra amount as required:
- For each additional qualifying dependent family member, you need to contribute an extra amount of US$25,000 per member. Family members that can be included are children, parents, or grandparents over the age of 55.
- For an eligible parent or grandparent below the age of 55, an extra donation of US$50,000 is required.
- For an eligible sibling, an additional extra contribution of US$75,000 is required.
2. Investment in Government-Approved Real Estate
This is another investment option for those looking to acquire Grenada citizenship through investment. It allows you to invest in government-approved real estate projects. You must invest at least $270,000 and maintain the investment for at least 4 years. The investment of US$270,000 covers you (the main applicant), your spouse, and two qualifying dependents.
You can include more family members by contributing an extra amount as required:
- You need to contribute an extra US$25,000 for each additional dependent family member (children, parents over the age of 55).
- For an eligible parent below the age of 55, an extra contribution of US$50,000 is required.
- For an eligible sibling, an additional extra contribution of US$75,000 is required.
Eligibility
1. The Main Applicant
- Must be over 18.
- Must invest a qualifying amount.
- Is of outstanding character.
- Clean of any criminal record.
- Must be in good health.
- Have a high personal net worth.
2. The Spouse
- Must be of the opposite sex.
- Clean of any criminal record.
3. Children
- Must be of the opposite sex.
- Must be completely financially dependent on the main applicant or their spouse
4. Parents and Grandparents
Must be completely financially dependent on the main applicant or their spouse.
Siblings
- Who are aged over 18
- Who are unmarried
- Who have no children
124,610
Grenada Population
$20,195
GDP (per capita)
$2.3 billion
GDP (purchasing power parity)
138
Visa free countries
LOCATION
West Indies in the Caribbean, directly south of Saint Vincent and the Grenadines and about 100 miles north of Trinidad and the South American mainland.
CAPITAL
St. George’s
DIFFERENCE
UTC-4 (AST)
TOTAL AREA
348.5 km²
AGE DEMOGRAPHICS
0-14: 24.15%, 15-24: 15.55%, 25-54: 40.36%, 55-64: 10.10%, 65+: 9.84%
LANGUAGE
English