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Grenada

Citizenship by Investment Program

Grenada

Citizenship by Investment Program

Grenada, known for its lush forests, stunning waterfalls, and sandy beaches, offers a Citizenship-by-Investment Program without residency requirements.

The program entails a USD 150,000 donation or a USD 220,000 property purchase, processed within six months.Dependents include siblings without spouses or children,children up to 30 (without full-time education requirements), and parents over 55 without financial independence.

As a member of Caricom, the Organisation of Eastern Caribbean States, and the Commonwealth, Grenada citizens enjoy tax benefits and visa-free travel to 142 countries, including China—the only Caribbean nation with such extensive access.

Moreover, Grenada’s treaty with the US allows citizens eligibility for the non-immigrant E2 visa, provided they invest a substantial capital amount in a US business.

Requirements / Investment Options

The Grenada Citizenship-by-Investment Program mandates a significant financial investment for citizenship for the applicant and family members.

Eligibility requires the main applicant to be over 18, pass due diligence, and select one of two options:

  1. A non-refundable USD 150,000 donation toGrenada’s National Transformation Fund (NTF)
  2. A minimum USD 220,000 investment in government-approved real estate, with mandatory 3-year property retention. Additionally,a flat government fee of USD 50,000 applies to the main applicant and up to three dependents, with an extra USD 25,000 for additional dependents.

Fees include USD 5,000 for due diligence (main applicant)and dependents above 17, USD 1,500 per person for government applications, and USD 1,500 for government processing (dependents above 18). Dependents under 18 incur USD 500 for processing.

Applicants and dependents need clean backgrounds and good health. Denial factors include previous visa rejections from visa-free countries, security concerns,reputational risks, or undergoing a criminal investigation.

Process Overview

The government will approve citizenship within four to sixmonths of an application submission, assuming theapplication has no areas of concern.

Taxation

The annual individual tax rate is calculated with the firstXCD 36,000 per annum tax free, the next XCD 24,000 istaxed a 10%, and any additional income is taxed at 30%.

The corporate tax rate is set at 30% and VAT is 15%,Grenada imposes a property tax on all properties, whichvaries depending on the classification of the property.

Dual Citizenship

Grenada has no restrictionson dual citizenship

MILESTONES

Month 1

Initial due diligence. Sign client agreements, complete government forms, and provide supporting documentation. If purchasing real estate, sign an agreement with the developer.

Months 2 – 4

Application submitted andGovernment process andcomplete due diligence.

Months 4 – 6

On approval, government fees are paid and necessary contributions are made.Passports are issued.

Interested & want to know more details?


Grenada citizenship by investment plan expenditure table
Grenada citizenship by investment plan expenditure table

Summary of Key Advantages

  • Visa-free travel to 145 countries, including the EU, the UK, and China
  • Access to the USA through the E2 Investor Visa treaty, allowing citizens to apply for a non-immigrant visa.
  • Full citizenship with a passport granted to the main applicant, spouse, children, parents, and grandparents
  • Adult children up to the age of 30 may be included, without the
    need for enrollment in school.
  • Siblings of the main applicant or their spouse may be included
    in the application.
  • Offers citizenship by descent to successful applicants.
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