Grenada introduced its Citizenship by Investment Program in August 2013, offering individuals the opportunity to obtain citizenship by making a significant economic investment or acquiring a government-approved qualifying asset.
Grenada Citizenship by Investment Program
To qualify for Grenadian citizenship, applicants must make a substantial investment or purchase a qualifying asset approved by the government. In return, citizenship is granted after a thorough vetting and due diligence process, including comprehensive background checks.
Benefits of Grenada Citizenship by Investment Program
- Visa-free or visa-on-arrival access to over 140 countries, including China, Hong Kong, Singapore, the UK, and the Schengen Area.
- The only Caribbean citizenship by investment program with an E-2 Investor Visa Treaty with the United States, allowing applicants to apply for a non-immigrant visa after three years of residency in Grenada.
- Citizenship can be passed on to spouses, children under 30, unmarried siblings over 18, and parents or grandparents of the applicant and their spouse.
- Grenada permits dual citizenship with no restrictions.
- There are no minimum residency requirements.
Eligibility Criteria for Grenada Citizenship by Investment
To qualify, the primary applicant must be at least 18 years old and meet one of the following criteria:
- National Transformation Fund (NTF) donation option: A non-refundable donation of at least $235,000 for a single applicant or a family of up to four members.
- Real estate option: A purchase of government-approved real estate valued at a minimum of $270,000, along with an additional non-refundable contribution of $50,000 for a single applicant or a family of up to four members.
It’s important to note that Grenada allows visitors to stay for up to 90 days without a visa, though a passport must be valid for at least six months upon entry.
Grenada offers tax benefits, including no capital gains or inheritance taxes, and taxes only apply to global income for individuals, as assessed by the country’s inland revenue division.
