For investors and high-net-worth individuals, Grenada Citizenship by Investment (CBI) program is not just a passport but a strategic asset. Grenada has emerged as a premium choice in the Caribbean countries for investors looking for a cost-effective, fast, and straightforward route to acquire a second citizenship. Grenada’s citizenship is deemed an ideal solution for individuals striving to travel the world with visa-free access to more than 140 destinations including the UK, China, and the Schengen zone, and the added advantage of eligibility for the US E-2 Visa.
In this article, we will discuss the key benefits, eligibility criteria, and investment options that make Grenada’s citizenship a unique choice for those who want security, flexibility, and global mobility. Investors considering a second passport can find in this guide why Grenada might be the perfect fit.
Grenada’s CBI Program in a Nutshell
Grenada’s CBI program is a government-backed initiative that enables qualified investors and their families to obtain citizenship and a second passport without residency requirements before or after applying. The application process for this program is cost-effective, fast, and straightforward, as it can be provided within 6 to 8 months with no residency requirements. Grenada’s citizenship is granted for life and is irrevocable, and dual citizenship is allowed. When applying for this program, children, parents, and unmarried siblings can be included under one application. Grenada citizenship can be obtained in exchange for an investment in the country’s economy.
Known as one of the most attractive CBI programs worldwide, Grenada’s program provides a seamless route for a second passport. Applicants can choose between two primary investment options:
- Real Estate Investment: Purchasing government-approved property worth $350,000, often in luxury resorts or tourism developments.
- National Transformation Fund (NTF) Contribution: Granting a direct financial contribution worth $235,000 that supports Grenada’s economic growth and infrastructure projects.
Advantages of Grenada’s Citizenship
Grenada’s citizenship comes with a lot of benefits.
-
Smooth Global Mobility
A Grenadian passport provides visa-free or visa-on-arrival to 147 countries, including the Schengen Zone, the UK, China, and Singapore. This streamlines travel restrictions and bureaucratic hurdles for business and leisure travelers.
-
Pathway to the USA
One of the most attractive features of Grenada’s CBI program is the ability of its citizens to apply for the US E2 visa. Investors striving to relocate to the US and start their business can simply achieve their dream of gaining a US visa after acquiring Grenadian Citizenship. Grenada is considered the sole Caribbean country with a bilateral arrangement with the US for the E-2 visa, which opens the door to immense business, social, and educational opportunities in the US.
-
Friendly Tax Environment
There are no taxes on foreign income, wealth, or inheritance for non-residents in Grenada, making it a preferred jurisdiction for investors who want to take full advantage of wealth protection and financial planning.
-
No Residency Requirement
Unlike many other citizenship programs, Grenada does not require applicants to stay in the country or even visit it. This is an added value to global entrepreneurs or frequent travelers.
-
Family Citizenship is Inclusive
Dependent children, the applicant’s spouse, parents, and even siblings can be included in the application, so the benefits of citizenship can extend to the loved ones.
-
The Advantage of Dual Citizenship
Dual citizenship is allowed in Grenada, which means that investors can keep their original citizenship while gaining more freedoms and opportunities abroad. Citizenship is granted for life and is irrevocable.
-
Safe, Stable, and Friendly
With its stable political framework, low levels of crime, and a strong economy, Grenada provides safety and stability for investment and even a possible future change of residence.
-
Opportunity to study abroad
Grenadian citizens can enjoy preferential educational opportunities in the UK and the US, thanks to the close historical ties between Grenada and these countries. Even if an investor’s children opt for higher education in Grenada, they can still benefit from collaborations with universities in the UK and the US.
-
Investment opportunities
For investors looking for fruitful business opportunities, Grenada is considered one of the region’s most attractive destinations for investing. Massive opportunities can be found in sectors like tourism, agriculture, education, health and wellness, information communication technology, and energy.
-
A Caribbean Paradise
In addition to the financial and global mobility benefits, Grenada, often referred to as the “Spice Island” due to its production of a wide variety of spices, is a beautiful island nation with stunning beaches, rain forests, and a rich cultural background, which gives citizens a chance to be a part of this paradise and live in peace and serenity after retirement.
Eligibility Criteria
To qualify for citizenship and gain a Grenada citizenship by investment, applicants must be over 18 years old, have no criminal record, no visa and citizenship refusals, be in good health, and must provide proof of funds, which must be legal income. They need to pass a strict due diligence process and a detailed background check. In addition, they must contribute a non-refundable contribution of at least $235,000 to the National Transformation Fund (NTF) or purchase real estate worth $350,000 in a government-approved project, along with payment of applicable government fees.
Grenada CBI Requirements
-
Minimum Investment Thresholds
Applicants must either contribute $235,000 to the NTF to support Grenada’s economic growth or invest $350,000 in government-approved projects such as luxury hotels or housing developments.
-
Clean criminal record
It is necessary for all applicants to undergo a thorough background check and to produce police clearance certificates from his/her home country and any other country where the applicant has been present for at least 6 months out of the last 10 years.
-
Proof of Legitimate Funds
This is to ensure that there is transparency in the application process and to meet the international financial regulations. Applicants should present documented proof of the legal source of the investment funds.
-
Medical Examination
It is a requirement that all applicants including their dependents must undergo a medical check-up to establish their fitness and freedom from infectious diseases and other basic health requirements.
-
Due Diligence Process
A non-refundable due diligence fee should be paid for an extensive due diligence process in order to preserve the program’s reputation.
-
No residency requirement
There is no requirement for applicants to live in Grenada before or after receiving citizenship, but investments must be held for a legal period of time.
-
Family Inclusion
Applicants are permitted to include a spouse, children who are dependents, parents, and siblings of both spouses if they are over 18, unmarried, have no children or their own, and financially depend on the investor in their application for citizenship if certain eligibility criteria are met in respect of age, financial dependency, and health.
Documents Required for Grenada’s CBI Application
To ensure a smooth application process, applicants must submit the following fully completed, translated to English, and notarized documents electronically:
Personal documents:
- Completed and signed CBI application form (by the main applicant and all dependents).
- Valid passports for all applicants.
- Birth certificates for each applicant.
- Fingerprints form
- Marriage or divorce certificates (if applicable).
Financial Documentation:
- Proof of funds verifying the legal source of the investment.
- A detailed financial declaration, outlining the applicant’s assets, liabilities, and overall financial history.
- Letters of recommendation from reputable professionals, such as a banker, lawyer, or accountant.
- Employment verification documents (e.g., pay slips, tax returns, or employment letters confirming income sources).
Health & Background Checks:
- Comprehensive medical examination reports, confirming all applicants are free from contagious diseases.
Proof of Residence (if applicable)
- If residing outside the home country, proof of current address such as utility bills, rental agreements, or property ownership documents.
- Recent passport-sized photos, meeting Grenada’s official guidelines.
- All required documents must be properly notarized before submission.
Disqualification Reasons:
Some of the reasons that can make an applicant denied Grenadian citizenship include the following:
- False or Misleading Information, such as using wrong, fake, or partial information in the application process.
- Unclean Criminal Record: Having a previous conviction with a prison term comparable to six months in Grenada, if not fully pardoned.
- Ongoing Legal Proceedings: Current criminal investigation at the time of application.
- National Security Risks: Presenting a security risk to Grenada or any other country in the world.
- Reputation Concerns: Participating in activities that may be detrimental to the image of Grenada in the international community.
- Visa Rejections: Denied a visa from a nation that allows visa-free travel for Grenadian passport holders, unless the problem has been solved.
Investment Options
Grenada citizenship by investment program is considered an attractive and affordable option in the Caribbean. It provides applicants with two investment routes.
Non-refundable contribution to the National Transformation Fund
Grenada’s NTF Donation program provides a philanthropic way to obtain Grenada citizenship by investment. The investment is catered to different family sizes, starting at $235,000 for a single applicant. The costs increase with the number of family members. Applicants are also responsible for the application, due diligence, and processing fees. This is for a variety of applicants and makes a smooth pathway to citizenship while also contributing to Grenada’s national development.
Donation Amount
| Main applicant with up to three dependents | $235,000 |
| Additional dependent | $25,000 |
| Dependent parents or grandparents underage 55 | $50,000 |
| Dependent siblings | $75,000 |
Due diligence & Processing fees
| Application Fee (Per Person) | $1,500 |
| Due Diligence Fee (Per Person) | $5,000 |
| Processing Fee (Per Person) | $1,500 |
Note: No due diligence for children below 17 years old.
Investment in Government-approved Real Estate Project
To qualify for Grenada citizenship by investment under the real estate option, an applicant must purchase an authorized real estate to the minimum of $350,000 or $270,000 in luxury accommodation shares, which may be resold after 5 years.
The government-approved real estate project option offers a concrete investment route to Grenada citizenship by investment. In addition to securing citizenship by investment, investors purchase a valuable asset.
Investment Amount
| Investment Amount | $270,000 |
Government Fees
| Main applicant with up to three dependents | $50,000 |
| Additional dependent | $25,000 |
Due diligence fees
| Main Applicant | $5,000 |
| (Additional dependent) | $5,000 |
Why owning a property in Grenada is worth it?
There are several reasons to purchase a real estate property in Grenada. Firstly, it is a beautiful Caribbean island boasting pristine beaches, delicious cuisine, friendly people, and a vibrant culture. It also has a thriving real estate market where investors can find various properties at various prices. The nation is well-connected to the world, enabling international travel by air and sea. Additionally, individuals investing in a government-approved project can obtain Grenada’s citizenship.
Active real estate market
Grenada’s real estate market remained active and stable, with a total sales volume reaching US$75.2 million in 2022. There has been an increase in vacant land sales over land & buildings and a cooling in purchases of prime properties and development sites. Both shifts were driven by the COVID-19 pandemic and associated travel restrictions. Residential property sales recorded the most transactions, 91% of the total sales transactions, followed by agricultural properties at 5% and commercial properties at 4%. Mainly 79% of the number of commercial sales registered occurred within the parish of St. George.
Grenada’s real estate market is experiencing notable growth, driven by several key trends, including the increased demand for luxury properties. Grenada attracts high-net-worth individuals interested in luxury villas and high-end condominiums with stunning ocean views. This is spurred by Grenada’s reputation as a premier destination for luxury tourism.
How to Obtain a Grenada CBI?
Acquiring Grenada Citizenship by investment can be done through 9 steps.
Step 1: the applicant should enter into a service agreement with an authorized agent.
Step 2: Choose an Investment Route: First, applicants should decide whether to donate to the National Transformation Fund (NTF) or buy a real estate property approved by the government.
Step 3: Prepare Necessary Documents: Collect all the documents needed, which include a valid passport, birth certificate, health examination results, and police clearance.
Step 4: The applicant’s file will be complete at this stage, and due diligence fees and government application fees will be due.
Step 5: The applicant is then required to transfer the applicable investment amount for the selected option into an approved escrow account in Grenada.
Step 6: Submit Application: The applicant’s agent should submit the Citizenship by Investment application form together with all the documents and the necessary fees to the government of Grenada on behalf of the applicant.
Step 7: Due Diligence: The Grenadian government will conduct a strict background check. It also involves all the applicants who are 17 and over having to attend a Compulsory interview.
Step 8: Wait for Approval: After due diligence, applicants have to wait for the Committee’s decision. The approval process usually takes a few months.
Step 9: The Grenadian government issues the naturalization certificates. Once applicants take the oath, a Certificate of Registration will be issued as a Grenadian citizen. Then applicants can apply for a Grenadian passport.
Step 10: Passports and naturalization certificates are delivered. Balance of fees will be due.
Frequently Asked Questions
Before taking any investment risk, investors looking to acquire second citizenship may have several concerns and questions.
- How long does it take to get CBI in Grenada?
Acquiring CBI in Grenada takes 6 to 8 months. However, this may differ based on the application details and the due diligence results. The process involves signing an agreement with an authorized agent, collecting documents, passing the due diligence process, undergoing a mandatory interview, and making a non-refundable contribution to NTF or investing in an approved real estate project.
- How does the real estate investment route in the Grenada citizenship program work?
The real estate investment option entitles investors to buy a government-approved property in Grenada, and after a certain period, they can be allowed to sell it and keep their Grenada citizenship.
- Can applicants obtain dual citizenship through Grenada’s CBI program?
The Grenada citizenship program allows investors to have dual citizenship while enjoying the privileges of a Grenada passport together with their original nationality.
- What government fees should applicants pay with the Grenada citizenship program?
The Grenada citizenship program entitles paying government and due diligence fees, which are not included in the main investment and will vary according to the investor’s choice of investment as well as the number of dependents he includes.
- Can dependent children and dependent parents benefit from the Grenada Citizenship program?
Grenada’s CBI program allows investors to include dependent children and dependent parents in the application. It allows the entire family to benefit from the advantages of Grenada citizenship.
- Is the Grenada passport powerful?
Grenada’s passport is one of the world’s best passports and is ranked in the 30th place, allowing holders to travel freely to 148 countries and territories around the world, including the Schengen area, the UK, China, Singapore, and Hong Kong.
- How does the Grenada CBI program stand out from other Caribbean CBI initiatives?
The Grenada citizenship by investment program is further characterized by its diverse investment options, which include real estate investment and the flexibility to include dependent children and parents up to 18 years of age. The contribution to the NTF also makes it very special. Grenada is considered the sole Caribbean country with a bilateral arrangement with the US for the E-2 visa, which opens the door to immense business, social, and educational opportunities in the US.
- What’s the duration of real estate investment retention in the Grenada citizenship program?
The real estate investment in the Grenada citizenship by investment program is a five-year holding period before it can be resold to keep the integrity of the program and the long-term good of the country.
- Why is Grenada often a top pick for citizenship by investment in the Caribbean?
Grenada is a fairly peaceful Caribbean country, and its citizenship program offers multiple advantages, including those related to real estate investment, to make it a popular choice for many investors.
- Can I travel to the USA with a Grenada passport?
Grenada is the sole Caribbean country that holds the desired E-2 visa treaty with the US, allowing citizens to apply for a non-immigrant visa and reside there if they meet certain investment and domicile criteria. Grenadian nationals planning to visit the US can apply for a 10-year B-1/B-2 tourist visa in two weeks and stay in the country for up to 180 days every year.
- Is it easy to get Grenada citizenship?
The application process for Grenada’s citizenship program is cost-effective, fast, and straightforward, with no physical residency requirements, and applicants do not have to visit the island nation before or after applying. It is estimated that the process will take between 6 to 8 months from the submission of the application to the issuance of the passport, assuming there are no areas of concern with the application. However, most Grenada citizenship applications are approved within 60 days.
- Can Grenada citizens get US citizenship?
Grenada citizens cannot get US citizenship or a green card but rather apply for an E-2 Visa to the US, which allows a national of a US treaty country to reside and do business in the US in exchange for a significant investment in a commercial enterprise. Qualified treaty investors and employees can travel to the US at any time and stay there for two years and can also renew their visas a limitless number of times.
For more information about the process of obtaining Grenada citizenship by investment, and the requirements, please chat with us on WhatsApp.