The Grenada Citizenship by Investment program offers investors and their families an opportunity to obtain a second passport, granting them visa-free access to more than 140 countries worldwide. This includes popular destinations like the United Kingdom, European Union Schengen countries, China, Russia, and Singapore. Additionally, Grenadian citizens have the privilege of applying for the USA E2 investor visa.

Obtaining Grenadian citizenship is achievable through an investment in the country. Interested individuals can choose between making a donation to a government fund, with options starting at $150,000, or investing in real estate starting from $220,000. This investment not only opens doors to international travel but also presents an avenue for potential financial growth and security.

Understanding Citizenship by Investment: A Pathway to a New Passport

If you're seeking enhanced global mobility, a Grenada passport can open doors to a multitude of opportunities. With visa-free access to over 140 countries, including desirable destinations like the European Union, the United Kingdom, Hong Kong, Singapore, Russia, and China, you can explore the world with ease.

In addition to the travel advantages, Grenada offers appealing financial benefits for individuals looking to diversify their assets. By obtaining a Grenada passport, you can take advantage of significant tax breaks. Say goodbye to income tax on your worldwide earnings, as Grenada exempts you from this burden. Furthermore, there are no capital gains taxes or inheritance taxes to worry about, providing you with more flexibility and financial freedom.

For those interested in investing in the flourishing Caribbean tourism industry, Grenada is an ideal choice. By purchasing high-end tourist real estate, you can tap into the vibrant market and reap the benefits of a thriving industry. With Grenada's stunning landscapes and alluring attractions, your investment in this paradise will yield both financial returns and a rewarding lifestyle.

When considering the future, having a Plan B for yourself and your loved ones is crucial. By obtaining a second citizenship through Grenada, you gain valuable alternatives in times of global instability. Whether it's political unrest, economic uncertainties, or other unforeseen circumstances, your Grenada citizenship provides you with a sense of security and the ability to explore different avenues for your family's well-being.

Retirement dreams of a peaceful and sunny paradise can become a reality with Grenada citizenship. Alongside the benefits mentioned earlier, you and your family gain the opportunity to reside in any of the 15 member states of the Caribbean Community (Caricom). This means you can choose from a variety of tranquil and picturesque locations within the Caribbean, offering a serene haven to enjoy your golden years.

With a Grenada passport, you unlock a world of possibilities. From enhanced travel opportunities and attractive tax benefits to investment potential and a secure future, Grenada provides a compelling package for those seeking a brighter and more fulfilling life.

What is Citizenship by Investment?

Citizenship by investment programs allow foreign investors to obtain citizenship in a country by contributing to its economic growth. In the Caribbean region, five countries offer such programs: Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia. Investors can make donations, invest in real estate, buy government bonds, support educational institutions, or establish businesses. Citizenship can be passed down to future generations, and the application process involves thorough due diligence by the Citizenship by Investment Unit (CIU) to verify the applicants' identities, financial profiles, and security backgrounds. Strong due diligence is essential for the credibility and sustainability of these programs.

Exploring the Benefits of the Grenada Citizenship by Investment Program

In a volatile world, second citizenship provides flexibility and opportunities. A Caribbean passport, like Grenada's, is a reliable backup plan. It is affordable, easy, and quick to obtain.

Grenada offers a favorable tax environment, with no income, wealth, or inheritance tax. Investment options start at $150,000.

The citizenship application covers your entire family, including spouse, dependent children, siblings, parents, and grandparents. Grenada recognizes dual citizenship, allowing you to retain your previous nationality.

Grenada is the only Caribbean country providing investors with the opportunity to settle in the USA through the US E2 Visa.

No residency requirements exist for citizenship, enabling remote application without the need to travel to Grenada.

Language tests and academic prerequisites are not mandatory.

Grenada passport holders enjoy visa-free travel to 140+ countries, including the EU, UK, Hong Kong, Singapore, Russia, and China.

Why Grenada Stands Out as a Prime Destination for Citizenship by Investment

Welcome to Grenada, the enchanting "Spice Island," renowned for its abundant production of nutmeg, cinnamon, and cloves. This captivating destination presents a wealth of opportunities for astute investors in search of both profitability and fulfillment. With its unwavering political stability, robust economy, awe-inspiring natural landscapes, and advantageous geographical position, Grenada stands as an irresistible choice for prospective ventures.

Grenada comprises the main island of Grenada itself, along with two smaller islands, Carriacou and Petite Martinique. Additionally, several charming isles in the Grenadines archipelago, located to the north, contribute to the country's diverse and captivating tapestry. Boasting a population of approximately 124 thousand, Grenada adopts English as its official language while also embracing two unique Grenadian Creoles, blending French and English influences.

Benefiting from a reliable political system rooted in democracy, Grenada fosters an environment that favors entrepreneurial endeavors. The government actively promotes pro-business policies, including a favorable tax regime and fiscal incentives tailored to attract foreign investment. The country's economy has exhibited consistent growth in recent years, bolstered by thriving sectors such as tourism, agriculture, and renewable energy.

Arriving in Grenada is a breeze, thanks to its excellent flight connections that ensure accessibility for travelers from all corners of the globe. Serving as Grenada's primary international gateway, Maurice Bishop International Airport (GND) is conveniently located in the capital city of St. George's. Numerous reputable airlines operate regular flights to and from Grenada, facilitating seamless travel to an array of destinations in North America, Europe, and the Caribbean. Direct flights connect Grenada to prominent cities such as London, Miami, Toronto, and New York, among others.

Embark on an exciting investment journey in Grenada, where the allure of spices, breathtaking landscapes, and promising business prospects converge.

Eligibility Criteria for Obtaining Grenada Citizenship

Main Applicant:

To acquire Grenada citizenship, the following requirements must be met:

• Age: The main applicant must be at least 18 years old.
• Character: An impeccable character is essential for obtaining Grenada citizenship.
• Health: The main applicant should be in good health.
• Criminal Record: A clean criminal record is necessary to qualify for citizenship.
• Background Check: A comprehensive background check will be conducted as part of the application process.
• Qualifying Investment: The main applicant must make a qualifying investment.

At Global Citizen Solutions, we provide an initial pre-due diligence assessment at no cost to ensure the success of your application even before signing the contract with us.

Family Members:

The following family members can be included in the application process and obtain lifelong Grenada citizenship:

• Spouse: The spouse of the main applicant is eligible for citizenship.
• Dependent Children: Children under the age of 18 can be included in the application.
• Dependent Young Adults: Children between the ages of 18 and 29, supported by the main applicant or spouse, can be included.
• Physically or Mentally Challenged Children: Children aged 18 or over who have physical or mental disabilities can be included in the application.
• Parents or Grandparents: The parents or grandparents of the main applicant or spouse can be included if they are fully supported by the main applicant.
• Siblings: Unmarried siblings of the main applicant or spouse, whether biological or adopted, who are at least 18 years old and have no children, can be included in the application.

Please note that all family members included in the application must meet the relevant eligibility criteria.

Two Investment Options for Qualifying in Grenada's Citizenship Program

Grenada's National Transformation Fund (NTF)

The National Transformation Fund (NTF) in Grenada is an innovative governmental initiative aimed at attracting foreign investment and driving the country's economic growth. By making a non-refundable contribution to the Fund, starting at $150,000, individuals can obtain Grenadian citizenship. Your financial contribution will play a vital role in bolstering crucial sectors such as infrastructure, education, healthcare, tourism, and more, ultimately contributing to Grenada's overall development.

Real Estate Investments

Another pathway to acquiring citizenship in Grenada is through real estate investments. Interested individuals have two options: they can purchase a property valued at a minimum of $350,000, or invest $220,000 in shares of government-approved real estate projects, often encompassing luxurious tourist accommodations like resorts, villas, or hotels. Following a holding period of five years, it becomes possible to sell the property or shares, offering flexibility to investors.

Weighing the Pros and Cons of Grenada Citizenship by Investment

Advantages:

• Access to USA E2 Visa: Grenada stands out among Caribbean countries as the sole nation offering its citizens the opportunity to apply for the USA E2 visa. By meeting the requirements for this investment visa, including permanent residency, individuals can invest in and reside in the United States.
• Visa-free Access to Russia and China: Grenada's Citizenship by Investment (CBI) program provides a significant advantage by granting passport holders visa-free access to both Russia and China. Ranked 74th in the Global Passport Index, the Grenadian passport also offers visa-free entry to the Schengen states in Europe, the United Kingdom, Singapore, Hong Kong, and various other countries.
• Protection from Hurricanes: Unlike many other Caribbean countries, Grenada is located in a favorable position outside the Hurricane Belt. This advantageous geographic placement makes it less susceptible to the destructive impact of hurricanes and other extreme weather events.

Disadvantages:

• Higher Cost: In comparison to other Caribbean programs, Grenada's CBI program has a higher minimum investment threshold. For single applicants, a minimum non-refundable donation of $150,000 or a minimum real estate investment of $220,000 is required.
• Limited Investment Options: While some Caribbean countries offer a range of investment opportunities, Grenada's CBI program keeps its approach straightforward. It provides only two investment routes: real estate investment or a non-refundable donation (NTF).

Step-by-Step Guide to Acquiring Citizenship through Investment in Grenada

When embarking on the path to citizenship in Grenada through investment, you have two primary options: making a non-refundable contribution to the Grenada National Transformation Fund (NTF) or purchasing shares of pre-approved real estate projects.

Complete Application Forms: Thoroughly Fill out all Required Documents

To initiate the process, you must diligently complete all the necessary forms and provide the required documents. 

Submit Your Application: Delegate the Submission to Our Experts

Rest assured that your dedicated Investment Migration Specialist will take care of submitting your citizenship application on your behalf. They possess the expertise and experience needed to navigate the process efficiently.

Receive Approval from the Grenada Citizenship by Investment Committee (CBIC)

After submitting your application, you can expect to receive confirmation from the Grenada Citizenship by Investment Committee (CBIC) within 60 to 90 days. This correspondence will bear the status of 'approved in principle,' indicating progress in your application.

Make Your Investment: Fulfill the Financial Requirement and Provide Proof

Once you receive the 'approved in principle' status, it is time to make your investment as stipulated by your chosen route. Ensure that you fulfill the financial obligations and promptly provide the required proof of investment to the CBIC.

Become a Citizen: Enjoy the Privileges of Grenadian Citizenship

Upon completing the investment and meeting all the necessary requirements, you and your family will be granted citizenship of Grenada. Furthermore, you will receive your passports conveniently delivered to an address of your choice.

*Note: The CBIC exclusively accepts applications from Authorized Agents, and not directly from individual applicants.

Unveiling Grenada's Tax Landscape for New Citizens

Grenada offers an appealing tax regime for its citizens and residents. The island imposes no capital gains tax, inheritance tax, or wealth tax on worldwide income or assets. However, it is important to be aware of certain local taxation measures that do apply.

Key Tax Considerations:

• Individual Income Tax:
  • Locally generated income up to XCD 36,000 per annum is exempt from income tax.
  • Income between XCD 36,001 and XCD 60,000 is taxed at a rate of 10%.
  • Any income exceeding XCD 60,000 is subject to a tax rate of 28%.
• Corporate Tax:
  • Companies in Grenada are subject to a flat tax rate of 30%.
• Withholding Tax:
  • A withholding tax of 15% is applicable on payments made to non-residents for various categories, including interest (excluding bank deposits), rental income, lease premiums, licenses, royalties, management charges, commissions, and fees.
• Value Added Tax (VAT):
  • The standard VAT rate in Grenada is 15%.
  • However, hotels, villa-type accommodations, and dive activities are subject to a reduced VAT rate of 10%.
• Property Transfer Tax:
  • Grenadian citizens generally pay a property transfer tax of 5% when selling property. This tax is borne by the vendor or seller.
  • Government-approved real estate projects may be eligible for a reduced property transfer tax rate.
• Annual Taxes:
  • Property tax in Grenada is calculated as 0.2% of the market value for residential land and 0.3% on the building.
  • For businesses, a stamp tax of 0.70% is applicable on gross receipts exceeding XCD 300,000.

By understanding these important tax considerations, individuals and businesses in Grenada can effectively plan their financial strategies while taking advantage of the island's favorable tax environment.

Essential Documents Required for Grenada Citizenship by Investment

When applying for Grenada citizenship by investment, there are several essential documents that you need to provide. These documents are necessary to complete the application process and demonstrate your eligibility for the program. It's important to ensure that you have all the required documents in order to avoid any delays or complications. Below is a comprehensive list of the essential documents needed for Grenada citizenship by investment:

1. Client Facilitator Agreement

• The authorized facilitator for the Grenada Citizenship by Investment Program.

2. Personal Data and Information (Form 1)

• You will need to fill out this form, which includes personal details such as your name, date of birth, contact information, and other relevant information.

3. Fingerprints (Form 2)

• Obtain fingerprints in the presence of a licensed officer. This form ensures proper identification and verification.

4. Particulars for the Office of Home Affairs (Form 3)

• This form requires you to provide specific details about your background, including information about your employment, wealth, business interests, and other related information.

5. Medical Certificate (Form 4)

• You will need to submit a medical certificate issued by a recognized medical professional. This certificate confirms your physical health and fitness.

6. Employment, Wealth, Business, and Related Information (Form 5)

• This form requires you to provide comprehensive details about your employment history, assets, wealth, and any business interests you may have.

7. Investment Confirmation (Form 6)

• This form confirms your intention to make the required investment in Grenada as part of the citizenship by investment program. The specific investment options include real estate or the National Transformation Fund (NTF).

8. Thomson Reuters Consent Form

• This form is required for Grenada CBI applicants above the age of 16 and grants consent for a background check conducted by Thomson Reuters.

9. Purchase and Sale Documents / Escrow Agreement and Letter of Engagement

• Depending on your chosen investment option, you will need to provide purchase and sale documents (for real estate investment) or an escrow agreement and a letter of engagement with a local agent (for NTF option).

10. Passport Application Form

• You will need to complete the passport application form, which is a standard requirement for obtaining citizenship in any country.

11. Oath of Allegiance

• This is a required document for each family member aged 18 or older, affirming their commitment to be loyal citizens of Grenada.

12. Sworn Affidavit Confirming Dependent Parents' Names

• If you have dependent parents, you will need to provide a sworn affidavit confirming their names.

General Civil Document Requirements:

In addition to the above-mentioned forms, you will also need to provide the following general civil documents:

• Original full birth record or certified copy of the birth certificate (2 copies)
• Certified copy of proof of name change (if applicable)
• Certified colored copy of current passport(s) for each applicant (showing name, photo, citizenship/nationality, date and place of issue, expiry date, passport number, and issuing country)
• Original passport-sized photos of every applicant taken within the last six months (12 needed). One photo should be certified by a lawyer.
• Marriage or divorce certificates (2 copies)
• National ID or social security color copies (required for each applicant)
• Permanent residence ID or permanent residence proof
• Copy of military service card (if applicable)
• Affidavit from spouse or ex-spouse relating to children
• Affidavit of support from dependents
• Education certificates and transcripts

Supporting Documents:

You will also need to provide supporting documents to strengthen your application:

• Original documents proving the applicant's residential address (e.g., utility bill)
• Original professional reference letter
• Copy of the lawyer or notary's practicing certificate (certifying the documents)
• Additional documents such as payslips and/or salary letters, CV, original reference letter from the main applicant's banker, personal bank statements over the last 12 months, and police clearance and criminal record checks (original document)

Translation and Certification of Documents:

Any documents that are not in English must be accompanied by a certified English translation. It's important to ensure that all documents are certified and authenticated according to the laws of the jurisdiction from where the document originates.

Please note that this is a comprehensive list for reference, and the Citizenship by Investment Committee (CBIC) may request additional documents if necessary. It is advisable to consult with a professional advisor or authorized facilitator to ensure you have all the necessary documents and meet the specific requirements of the Grenada Citizenship by Investment Program.

FAQ

What are the advantages of obtaining Grenada citizenship?

The benefits of Grenada citizenship include visa-free access to more than 140 countries, including European countries in the Schengen area, the United Kingdom, Singapore, China, and Hong Kong. Additionally, there is the opportunity to apply for the E2 visa in the United States, as well as tax advantages.

Is it possible to purchase citizenship in Grenada?

Yes, you can acquire citizenship in Grenada by participating in the Grenada citizenship program, which requires an investment in the country. You have the option to make a donation to the National Transformation Fund (NTF) starting at $150,000, or invest in real estate with a minimum value of $220,000. Additionally, there may be other costs associated with the process, such as government fees, due diligence fees, and application fees. The typical processing time for Grenada citizenship ranges from three to six months.

What are the eligibility criteria for the Grenada Citizenship by Investment (CBI) program?

To qualify for Grenada citizenship, the main applicant must be at least 18 years old, have a clean criminal record, be in good health, and pass a comprehensive background check.

Once the requirements are met, the applicant can choose one of the following investment options: making a donation to Grenada's National Transformation Fund starting at $150,000, or purchasing government-approved real estate valued at $350,000 for independent property or $220,000 in shares of touristic accommodation.

How can I obtain Grenada nationality?

Grenadian nationality can be obtained through various means. You can acquire it by birth, either by being born in Grenada or abroad to Grenadian parents. Another way is through naturalization, which involves meeting certain residency requirements and fulfilling specific criteria set by the government. Additionally, you can obtain Grenadian nationality through the Citizenship by Investment Program, in which investors can gain citizenship in exchange for an investment in the country.

How long does it take to obtain Grenada citizenship?

The processing time for Grenada citizenship by investment and approval typically ranges from 60 to 90 days. The overall process, from submitting the application to receiving the Caribbean passport, usually takes between three to six months.

Which family members can be included in my Grenada citizenship by investment application?

Family members are eligible to acquire citizenship and a Grenadian passport through the main applicant who participates in the investment program. This includes spouses, dependent children, parents, grandparents, and siblings. All of them can benefit from the Grenada citizenship program and enjoy the advantages of being a Grenadian passport holder, such as visa-free travel to over 140 countries and enhanced personal and financial security. It's worth noting that Grenada recognizes dual citizenship, allowing individuals to hold multiple citizenships.

How powerful is the Grenada passport?

According to the Global Passport Index, the Grenadian passport ranks as the 74th most powerful passport worldwide. It grants visa-free travel to over 140 countries, including the Schengen area, the United Kingdom, China, Russia, Singapore, and Hong Kong.

What documents are required for the citizenship by investment application in Grenada?

When applying for the Grenada CBI program, the primary applicant must submit a set of documents to the Citizenship by Investment Committee (CBIC). These documents typically include proof of identity, police certificates, medical records, bank statements, and more. All documents must be certified and, if necessary, translated into English. A comprehensive list of required documents can be found in the relevant article.

How does one become a citizen of Grenada?

Grenadian citizenship can be obtained through various avenues, including marriage, birth, naturalization, or investment. If you choose to pursue citizenship through the investment route, you can acquire it by making an investment in Grenada. This can be achieved through a donation of $150,000 or more to the National Transformation Fund or an investment of at least $220,000 in government-approved real estate.