Grenada – Citizenship by Investment

Grenada – Citizenship by Investment

The “Spice Isle” or better known as Grenada, is one of the most beautiful and lush islands in the West Indies. It consists of Grenada itself and two smaller islands in the south-eastern Caribbean Sea.

 Grenada Citizenship By Investment

Grenada passport holders can travel visa-free to 131 countries such as the UK and Schengen area as well as other key business and lifestyle destinations.

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  • Overview

    The “Spice Isle” or better known as Grenada, is one of the most beautiful and lush islands in the West Indies. It consists of Grenada itself and two smaller islands in the south-eastern Caribbean Sea.

    Grenada is part of the British Commonwealth and gained independence from Britain in 1974.Grenada’s main export crops are mace and nutmeg. Grenada is the world’s second-largest producer of nutmeg, after Indonesia.

    In August 2013 The Grenada Citizenship-by-Investment Program was relaunched with the passing of the Citizenship by Investment Act, 2013.

    Grenada passport holders can travel visa-free to 131 countries such as the UK and Schengen area as well as other key business and lifestyle destinations. Grenada is the only Caribbean country with a citizenship program that has visa-free access to China and holds an E-2 Investor Visa treaty with the US, which allows Grenadian citizens to apply to the US for a non-immigrant visa.

  • Requirements

    The Grenada Citizenship-by-Investment Program requires a person to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship. To qualify for citizenship, the main applicant must be over 18 years of age, meet the application requirements, and satisfy one of the two primary qualifying options:

    1. National Transformation Fund (NTF) contribution option: A minimum non-refundable contribution to the NTF of USD 150,000 for a single applicant, or USD 200,000 for a family of up to four members
    2. Real estate option: To acquire property from a government approved real estate project for a minimum of USD 350,000 plus a minimum nonrefundable contribution of USD 50,000. The real estate must be held for a minimum of three years

    The NTF finances various projects in Grenada for the benefit of key industries, such as tourism and agriculture.

    The main applicant and their dependents must be in good health and have clean criminal records. Any applicant who has been denied a visa to a country with which Grenada has a visa-free travel agreement must subsequently successfully obtain a visa in order to be eligible to apply.

  • Procedures and Time Frame

    Once an application is submitted, the government should provide approval within 90 days. Thereafter, the qualifying investment is made and the citizenship documents are issued.

  • Dual Citizenship

    There are no restrictions on dual citizenship in Grenada.

  • Key Advantages
    • Visa-free access to 131 countries around the world
    • The only Caribbean citizenship-by-investment country which has visa-free access to China
    • Other visa-free travel destinations include the UK and Europe’s Schengen area
    • The only Caribbean country with a citizenship-by-investment program which holds an E-2 Investor Visa treaty with the US, allowing citizens to be eligible to apply to the US for a non-immigrant visa
    • Full citizenship with passport is granted to the applicant and included family members
    • Citizenship may be passed on to new spouses and passed down to future generations

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