Grenada

Grenada is a caribbean island nation comprising of six islands known as “Isle of Spice”. The island was originally known as Camerhougue, but Christopher Columbus renamed it “Concepción Island” when he visited it in 1498. Grenada has idyllic white or golden sand, palm trees, idyllic beaches, jagged mountains, spice plantations with authentic caribbean destination. Grenada consists of three key islands: Grenada, Carriacou and Petite Martinique each has rich history, culture and culinary delights. Grenada was a French and British colony, but gained independence from the United Kingdom on February 7, 1974. There are no wealth, inheritance or income taxes in Grenada.

Grenada’s economy is constantly expanding in the tourism, agriculture, and manufacturing sectors. The country has launched new citizenship by investment program in 2015 immediately granting citizenship to foreign investors.

Grenada citizenship scheme is rated as the gold standard in the CBI industry.

Citizenship benefits

  • Unspoiled exotic scenery ideal for holidays
  • No visa travel to over 120 countries including UK, EU Schengen states, China
  • Fast processing within 2 months
  • Lifetime citizenship for family and children
  • Access to E2 visa treaty with the US
  • Confidential application process with no exchange of information with other Governments
  • Direct flights to London, Germany, New York, Miami
  • Fastest approval time within 60 days

Citizenship by investment

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship or permanent residence. The Citizenship by Investment Programme (CIP) came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada through the following investment options:

  • USD 150,000 contribution to NTF fund.
  • USD 220,000 in real estate investment. (refundable buyback share) in hotel resorts

In addition to the investment, there are several additional fees such as due diligence fee, Government fee, Passport fee etc.

Citizenship fees

On top of the above investment minimum, the following additional fees are payable to the Government.

NTF Contribution

NTF DONATIONSingle ApplicantMain Applicant + SpouseFamily of four family membersFamily over four family members
Required Contribution AmountUSD 150,000USD 200,000USD 200,000USD 200,000 plus USD 25,000 per additional dependant after the third dependant
Application FeeUSD 1,500USD 1,500 per personUSD 1,500 per personUSD 1,500 per person
Due Diligence FeeUSD 5,000USD 5,000 per personUSD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing FeeUSD 1,500USD 1,500 per personUSD 1,500 per person aged 18 and over, USD 500 for persons under 18USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Real Estate

REAL STATE OPTIONSingle ApplicantMain Applicant + SpouseFamily of four family membersFamily over four family members
One time Contribution AmountUSD 220,000USD 220,000USD 220,000USD 220,000
Government FeeUSD 50,000USD 50,000USD 50,000USD 50,000 and USD 25,000 per additional dependant after the third dependant
Application FeeUSD 1,500USD 1,500 per personUSD 1,500 per personUSD 1,500 per person
Due Diligence FeeUSD 5,000USD 5,000 per personUSD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing FeeUSD 1,500USD 1,500 per personUSD 1,500 per person aged 18 and over, USD 500 for persons under 18USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Advantages

  • Fast processing
  • Children under 30 years old may be included in the program
  • Parents above 55 years old may be included in the program
  • Siblings of the Main Applicant and siblings of the Spouse can be included in the program as long as they are unwed and without children
  • Secondary Purchasers of real estate units are eligible to obtain the citizenship under conditions
  • Travel visa-free to over 140 countries including China, Brazil, UK, Russia and the Schengen Area
  • Possibility to apply for an online visa for Australia
  • No residency requirement
  • No interview required
  • No tax on worldwide income
  • No English language requirement

Requirements

  • Be over 18 years old
  • Have no criminal record
  • Complete a medical examination
  • Apply through an Authorized Agent

Process

  • Submit the completed application forms and required documents
  • Payment of application and due diligence fees
  • Completion of Due Diligence process
  • The Grenada Citizenship by Investment Committee gives its recommendation to the relevant minister
  • A decision will be advised within 60 business days from the date of formal application submission
  • Transfer of the investment amount to Grenada
  • Issuance of Grenadian citizenship within one month after written approval is received and investment funds paid

Tax Advantages

  • Non-residents are taxed on Grenada-source profits only
  • No capital gains, stamp duty, capital acquisitions tax, no inheritance tax, net wealth/net worth tax
  • Real property tax is ranging 0-0,5% depending on the property’s use

Steps of Grenada Citizenship

Step 1
Our team will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.

Step 2
Our professional team will assist and advise you with the collection of the documents required according to the Government checklist.

Step 3
Once your application is submitted, you’re required to pay due diligence fees, investment, government fees into the authorized escrow account.

Step 4
Due diligence report is issued to the government, who will then make a decision. In case of rejection, the client will be refunded accordingly.

Step 5
The balance of professional fees is paid. The citizenship certificate and passport are issued in your name.

Granada Citizenship: Pros and Cons

Pros

  • Grenada established itself No.1 citizenship by investment in the world.
  • Only Caribbean country that has visa free access to all these countries China, Russia, United Kingdom, Schengen states
  • Grenadian citizens have access to E-2 investor visas to visit United States (cheapest alternative to EB-5). It is a non-immigrant visa.
  • No requirement to visit Grenada and Zero residence requirements.
  • Passports delivered through Authorized agents.
  • Permanent residence card at additional cost.

Cons

  • Costwise it may be slightly expensive, but you get what you pay for in terms of quality of passport.

Grenada may refuse applicants who are rejected already applying for CBI programs in other countries .

Grenada visa waiver agreements with countries and territories

AfghanistanVisa required
AlbaniaVisa required
AlgeriaVisa required
AndorraVisa not required
AngolaVisa required
Antigua and BarbudaVisa not required
ArgentinaVisa not required
ArmeniaVisa on arrival
Australia and territoriesVisa required
AustriaVisa not required
AzerbaijanVisa required
BahamasVisa not required
BahraineVisa
BangladeshVisa not required
BarbadosVisa not required
BelarusVisa required
BelgiumVisa not required
BelizeVisa not required
BenineVisa / Visa on arrival
BhutanVisa required
BoliviaVisa on arrival
Bosnia and HerzegovinaVisa not required
BotswanaVisa not required
BrazilVisa not required
BruneiVisa required
BulgariaVisa not required
Burkina FasoVisa required
BurundiVisa required
CambodiaVisa on arrival
CameroonVisa required
CanadaVisa required
Cape VerdeVisa on arrival
Central African RepublicVisa required
ChadVisa required
ChileVisa not required
ChinaVisa not required
ColombiaVisa not required
ComorosVisa on arrival
Republic of the CongoVisa required
Democratic Republic of the CongoVisa required
Costa RicaVisa not required
Côte d’IvoireVisa required
CroatiaVisa not required
CubaVisa not required
CyprusVisa not required
Czech RepublicVisa not required
DenmarkVisa not required
DjiboutieVisa
DominicaVisa not required
Dominican RepublicVisa not required
EcuadorVisa not required
EgyptVisa on arrival
El SalvadorVisa required
Equatorial GuineaVisa required
EritreaVisa required
EstoniaVisa not required
EswatiniVisa not required
EthiopiaeVisa
FijiVisa not required
FinlandVisa not required
FranceVisa not required
Gabone-Visa
GambiaVisa not required
GeorgiaeVisa
GermanyVisa not required
GhanaVisa required
GreeceVisa not required
GuatemalaVisa required
GuineaVisa required
Guinea-BissauVisa on arrival
GuyanaVisa not required
HaitiVisa not required
HondurasVisa required
HungaryVisa not required
IcelandVisa not required
Indiae-Visa
IndonesiaVisa not required
IranVisa on arrival
IraqVisa required
IrelandVisa not required
IsraelVisa not required
ItalyVisa not required
JamaicaVisa not required
JapanVisa required
JordanVisa on arrival
KazakhstanVisa required
KenyaVisa not required
KiribatiVisa not required
North KoreaVisa required
South KoreaVisa not required
KuwaitVisa required
KyrgyzstaneVisa
LaoseVisa / Visa on arrival
LatviaVisa not required
LebanonVisa required
LesothoVisa not required
LiberiaVisa required
LibyaVisa required
LiechtensteinVisa not required
LithuaniaVisa not required
LuxembourgVisa not required
MadagascareVisa / Visa on arrival
MalawiVisa not required
MalaysiaVisa not required
MaldivesVisa on arrival
MaliVisa required
MaltaVisa not required
Marshall IslandsVisa required
MauritaniaVisa on arrival
MauritiusVisa not required
MexicoVisa required
MicronesiaVisa not required
MoldovaVisa not required
MonacoVisa not required
MongoliaVisa required
MontenegroVisa not required
MoroccoVisa required
MozambiqueVisa on arrival
MyanmarVisa required
NamibiaVisa required
NauruVisa required
NepalVisa on arrival
NetherlandsVisa not required
New ZealandVisa required
NicaraguaVisa on arrival
NigerVisa required
NigeriaVisa required
North MacedoniaVisa required
NorwayVisa not required
OmanVisa required
PakistanOnline Visa
PalauVisa on arrival
PanamaVisa not required
Papua New GuineaEasy Visitor Permit
ParaguayVisa required
PeruVisa not required
PhilippinesVisa not required
PolandVisa not required
PortugalVisa not required
QatareVisa
RomaniaVisa not required
RussiaVisa not required
RwandaeVisa / Visa on arrival
Saint Kitts and NevisVisa not required
Saint LuciaVisa not required
Saint Vincent and the GrenadinesVisa not required
SamoaEntry Permit on arrival
San MarinoVisa not required
São Tomé and PríncipeeVisa
Saudi ArabiaVisa required
SenegalVisa on arrival
SerbiaVisa not required
SeychellesVisitor’s Permit on arrival
Sierra LeoneVisa on arrival
SingaporeVisa not required
SlovakiaVisa not required
SloveniaVisa not required
Solomon IslandsVisitor’s permit on arrival
SomaliaVisa on arrival
South AfricaVisa required
South SudanVisa required
SpainVisa not required
Sri LankaElectronic Travel Authorisation
SudanVisa required
SurinameVisa not required
SwedenVisa not required
SwitzerlandVisa not required
SyriaVisa required
TajikistaneVisa
TanzaniaVisa not required
ThailandVisa required
Timor-LesteVisa on arrival
TogoVisa on arrival
TongaVisa required
Trinidad and TobagoVisa not required
TunisiaVisa required
TurkeyeVisa
TurkmenistanVisa required
TuvaluVisa on arrival
UgandaVisa not required
UkraineeVisa
United Arab EmiratesVisa on arrival
United Kingdom and Crown dependenciesVisa not required
United StatesVisa required
UruguayVisa not required
UzbekistanVisa not required
VanuatuVisa not required
Vatican CityVisa not required
VenezuelaVisa not required
VietnamVisa required
YemenVisa required
ZambiaVisa not required
ZimbabweVisa not required
Denmark Territories
Faroe IslandsVisa not required
GreenlandVisa not required
Netherlands Territories
ArubaVisa not required
Caribbean NetherlandsVisa not required
CuraçaoVisa not required
Sint MaartenVisa not required
UK Territories
Akrotiri and DhekeliaVisa not required
AnguillaVisa not required
BermudaVisa not required
British Indian Ocean TerritorySpecial permit required
British Virgin IslandsVisa not required
Cayman IslandsVisa not required
Falkland IslandsVisa required
GibraltarVisa not required
MontserratVisa not required
Pitcairn IslandsVisa not required
Ascension IslandeVisa
Saint HelenaeVisa
Tristan da CunhaPermission required
South Georgia and the South Permit required
Turks and Caicos IslandsVisa not required
US Territories
American SamoaVisa required
GuamVisa required
Northern Mariana IslandsVisa required
Puerto RicoVisa required
U.S. Virgin IslandsVisa required
China Territories
Hong Kong (SAR)Visa not required
Macau (SAR)Visa not required
French Territories
French GuianaVisa not required
French PolynesiaVisa not required
French West IndiesVisa not required
MayotteVisa not required
New CaledoniaVisa not required
RéunionVisa not required
Saint Pierre and MiquelonVisa not required
Wallis and FutunaVisa not required
New Zealand Territories
Cook IslandsVisa not required
NiueVisa not required
TokelauVisa required
Other
KosovoVisa not required
Northern CyprusVisa not required
PalestineVisa not required
Taiwan (ROC)Visa required
CrimeaVisa not required

Source: Wikipedia
Last updated: Feb 21, 2020

Grenada Citizenship FAQs

These are frequently asked questions about grenada citizenship.

Can I apply for citizenship with my family?

Yes, you may apply for citizenship with your wife or husband, dependent children, and dependent parents. Fees for family members vary according to the number of family members included in a citizenship application.

Is the NDF investment refundable if application refused?

You only pay full amount only after receiving approval letter from the Government. You will start the application process paying $10,000 in advance and launch the application to Government through authorized agent.

Do I have to visit Grenada for the application process?

No, you do not need to visit Grenada before, during, or after the application process. You can collect passports from your authorized agent.

Should I renounce my current citizenship and passport to receive Grenadian Citizenship?

No, Grenada allows dual citizenship, and you thus do not need to renounce any other citizenship or passport.

What is the time frame for the process?

Your application for Citizenship by Investment will be approved within 60 business days of submission (subject to a satisfactory due diligence check and the funds being received). You may apply for a passport shortly after. Passports are issued within days of the request.

For how many years is a Grenadian passport valid?

All Grenadian passports are valid for five years.

Are there any interviews for the CBI?

No

Can I submit applications directly to the citizenship unit?

No, you can only submit applications to the Grenada citizenship unit, through authorized agent. We work with several local and marketing agents in Grenada authorized by the Government.

How do I renew my passport after expiry?

Grenadian passports can be renewed in the Grenadian Consulate in London, or directly through the Grenadian Passport and Immigration Office. You dont need to re-make any investment. There is a small $200 passport fee.

How is the education system in Grenada?

Grenada is home to the best United States offshore university – St George’s University. It is one of the finest medical, veterinary, and arts and sciences schools, and graduates train in some of the top hospitals in the United States and the United Kingdom. It is internationally accredited and currently has 6,000 students from over 140 countries.

How does Grenada being a part of the Commonwealth of Nations help me?

Being a citizen of a member of the Commonwealth of Nations brings several benefits. For example, you will be able to travel easily across member states, you will be protected by the embassies and commissions of other member states across the globe, and you will be eligible for certain sporting activities (the Commonwealth Games).

How is the economy of Grenada?

Grenada’s economy is expanding in the tourism, agriculture, and manufacturing sectors. As part of the Easter Caribbean Central Bank and currency system, its currency is stable, secure, and tied to the United States dollar. Business can also be conducted in United States dollars. There are no taxes on the repatriation of profit.

Can I visit the USA and Canada with a Grenada passport?

No, you will need separate visa for these countries.

What is the E2 treaty with US?

Grenada has signed E2 treaty with the US in 1989. The E-2 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains a treaty of commerce and navigation) to be admitted to the United States when investing a substantial amount of capital in a U.S. business.  For more information see: https://www.uscis.gov/working-united-states/temporary-workers/e-2-treaty-investors.

Can I add siblings for citizenship?

Grenada is the only CIP that permits the inclusion of siblings.

Can Grenadian citizenship be passed through family generations?

Yes, citizenship can be passed up to third generation family members.

What are the common reasons for citizenship refusal?

In order to protect its people and Grenada’s international standing, the Government of Grenada will only grant citizenship to individuals who are truly deserving of that honor. Therefore, the Government will deny the application of any applicant who:

  • Provides false information on his or her application form;
  • Has at any time previously been convicted in any country of an offense for which the maximum custodial penalty for the same or similar offense in Grenada is in excess of six months imprisonment (unless he or she received a free pardon);
  • Is the subject of a criminal investigation;
  • Is considered to be a potential national security risk to Grenada or to any other country;
  • Is involved in any activity likely to cause disrepute to Grenada; or
  • Has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial
  • Reason to believe economic activity arising from OFAC sanction countries.

All main applicants must:

  • at least eighteen years old;
  • in good health; and
  • Has enough funds to make the required investment. The source of these funds must be legal.

What’s special about Grenada passport?

Grenadian passport has visa waiver agreement with Russia, China, EU countries, United Kingdom, Ireland and 142 countries as of 2019.

Russia 90 days
China30 days
UAEVisa on Arrival (VOA) – 90 days
Israel90 days
South Korea90 days
Singapore30 days

How can I get a permanent residence card along with passport?

CBI applicants can apply permanent residence card for an additional fee of $1,000 if invested in freehold property in an approved section 11 program, or if the applicant enters into a lease of one year or more.

What rights do I get becoming an economic citizen?

You get equal treatment with all citizens, right to vote, and hold government office positions.

Does Grenada publish citizen names in Gazette?

No. Neither published in Govt publications nor reported to other countries. Application process is confidential

As a CBI citizen, how can i apply for E-2 visa to United States?

You can apply for E-2 non immigrant visa at the US embassy at Barbados in person. You may be called for interview. Additional requirements include permanent residence status as a resident in Grenada.

Are there any restricted countries that cannot apply for Grenada?

None. But an applicant who is denied citizenship in another CBI country will not be considered for citizenship in Grenada.