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Grenada Citizenship By Investment

With its azure sea, serene beaches, and abundance of tropical vegetation, Grenada stands as a true gem of the Caribbean. Spices grow ardently across the island, giving the air a naturally perfumed scent, and earning the country the epithet ‘Spice Island’.

The Grenada Citizenship by Investment Programme was developed with families in mind, and offers one of the most affordable options for parents choosing to apply with their children. In 2013, the Programme was restructured, redeveloped and re-launched, allowing it to also rise to pre-eminence as one of the most efficiently run schemes of its kind.

How to apply for citizenship in Grenada

Applicants under the Programme must be at least 18 years old, of good moral character, and in good health. The Programme affords applicants the choice of two potential investments. The first is a contribution to the National Transformation Fund, while the second is an investment in local Government-approved real estate.

The Programme is run by the Citizenship by Investment Unit (CIU) which applies stringent due diligence protocols on each main applicant his or her family members. Grenada will not accept applicants who do not demonstrate a clear and clean source of funds.

The process of applying for citizenship is rigorous and requires diligent preparation in order to gather all the information needed. Application timelines can vary and be difficult to predict, although they usually depend on how easily an applicant can access the required documentation, as well as the complexity of the application as a whole. We generally advise clients that it will take between 3 to 6 months to obtain citizenship after the client is onboarded with CS Global Partners.

The process may be simplified into the following steps:

Step 1: Application preparation and pre-approval by CS Global Partners.

Step 2: Submission of citizenship application.

Step 3: Government processing of the application and due diligence checks, taking up to 3 months for completion, and often less.

Step 4: Approval in principle.

Step 5: Investment in real estate or donation to the NTF.

Step 6: Citizenship certificate issued.

Step 7: Passport application and issuance.

*All required funds are deposited in a designated escrow account until the application is processed. Upon approval, funds are released to the Government of Grenada.

Investment Options

There are two investment routes available to individuals wishing to qualify for citizenship under the Grenada Programme. The first route involves a contribution to the country’s National Transformation Fund (NTF), while the second route involves an investment in pre-designated real estate.

1. The National Transformation Fund (NTF)

The NTF was established in 2013 as means of transforming Grenada’s economy into one that is ever more prosperous and independent. The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy. Having made a donation to the NTF, investors are left with a true sense of having contributed to their new nation’s wellbeing.

*
Application Fee1,500 USD1,500 USD
per person
1,500 USD
per person
1,500 USD
per person
Required Contribution200,000 USD200,000 USD200,000 USD200,000 USD plus
25,000 USD per
additional dependant**
after the third dependant
Due Diligence5,000 USD5,000 USD
per person
5,000 USD per person
aged16 and over; 2,000 USD for
each dependant aged between 12 - 15
5,000 USD per person
aged16 and over; 2,000 USD for
each dependant aged between 12 - 15
Processing Fee1,500 USD1,500 USD
per person
1,500 USD per person aged
18 and over plus and 500 USD
per dependant aged 0 - 17
1,500 USD per person aged
18 and over plus and 500 USD
per dependant aged 0 - 17

* When the main applicant is married, but does not intend to include his/her spouse in the application, an additional USD8,000 fee is applicable.

** A parent or grandparent aged between 55 – 64 may be included in the application with an additional Government contribution of USD50,000.

*** Passport fees, professional, and bank fees apply. Fees are subject to change with short notice.

2. Real Estate

To qualify for citizenship under the real estate option, individuals must invest in pre-approved real estate. Applicants must maintain the property for at least three years after acquiring Grenadian citizenship.

*
Application Fee1,500 USD1,500 USD
per person
1,500 USD
per person
1,500 USD
per person
Minimum Required Investment350,000 USD350,000 USD350,000 USD350,000 USD
Government Fees50,000 USD50,000 USD50,000 USD50,000 plus 25,000
per additional dependant**
after the third dependant
Due Diligence5,000 USD5,000 USD
per person
5,000 USD per person
aged16 and over; 2,000 USD for each
dependant aged between 12 - 15
5,000 USD per person
aged16 and over; 2,000 USD for each
dependant aged between 12 - 15
Processing Fee1,500 USD1,500 USD
per person
1,500 USD per person aged
18 and over plus and 500 USD
per dependant aged 0 - 17
1,500 USD per person aged
18 and over plus and 500 USD
per dependant aged 0 - 17

* When the main applicant is married, but does not intend to include his/her spouse in the application, an additional USD8,000 fee is applicable.
** A parent or grandparent aged between 55 – 64 may be included in the application with an additional Government contribution of USD50,000.
*** Passport fees, professional, and bank fees apply. Fees are subject to change with short notice.

Benefits

Citizens of Grenada can take advantage of a range of personal benefits which include:

  • Citizenship for life, with the right to live and work in the country

  • The ability to pass one’s citizenship to future generations by descent

  • The opportunity to maintain dual citizenship if so desired

  • Visa-free travel to about 120 countries and territories, including China

  • The chance to apply for a United States E2 Visa for entrepreneurial activity

  • A low tax regime, safeguarding citizens from, for example, foreign income, capital gains, and inheritance tax

  • A well-known, stable, and established investment environment

Specific benefits that are unique to the Grenada Programme, and that set it apart from other Caribbean programmes include:

  • Fastest turnaround from application to citizenship, usually completed in 60 days

  • Family-friendliness, including affordable processing and due diligence fees for spouses and family members

The benefits of Grenada’s Citizenship by Investment Programme include:

  • The availability of very affordable donation or investment options

  • No interview requirement

  • No previous education or management experience requirement

  • No requirement to reside in Grenada before, during, or after the application

How we can help

CS Global Partners has been officially authorised by the Government of Grenada to promote its Citizenship by Investment Programme worldwide.

At CS Global Partners we understand that applying for an alternative citizenship can be a complex and daunting process. This is why we make the application process as easy for our clients as possible.

We offer the following standard services:

  • A dedicated relationship manager as your single point of contact throughout your application.
  • Professional guidance on the application procedure and support throughout the process.
  • Documentation preparation and validation.
  • Representation on your behalf before the Government.
  • Management and resolution of any legal queries related to the application.

Additional services available on request for clients wishing to utilise our partner network to support their application, including the following:

  • Concierge services
  • Property investment and advice
  • Notary Public services
  • Relocation assistance
  • Translation services
  • Tax planning
  • Medical services
  • Trust planning
  • Banking services
  • Fiduciary services

The Law

The current Grenadian Citizenship by Investment Programme was established pursuant to the Grenada Citizenship by Investment Act 2013 (Act No. 15 of 2013). The Act was followed by the Grenada Citizenship by Investment (Amendment) Regulations, gazetted in June 2014, and by the Grenada Citizenship by Investment (Amendment) (No. 2) Regulations, gazetted in September 2014. Finally, the Act was amended in June 2014.

Why choose Grenada?

Unspoilt and exotic, Grenada is one of the most magnificent islands in the West Indies. Its wildly diverse landscapes astound visitors, with soaring mountain peaks and verdant rainforests at its interior and sleepy villages and secluded coves dotted along its paradisiacal coastline. In addition to its breathtaking scenery, beauty can also be found in Grenada’s warm culture that reflects the fun and friendliness of an authentic Caribbean lifestyle.

Grenada gained its independence from Britain in 1974. It is a parliamentary democracy with the Queen as its Head of State. This magical island is politically, socially, and economically stable, with a high standard of living. Large-scale tourism is a recent phenomenon, meaning Grenada is largely undiscovered, unspoilt and full of opportunity.

Geography

The nation of Grenada is composed of three islands. The largest is Grenada itself, measuring 306 square kilometres (118 square miles), and the smaller two are Carriacou, measuring 34 square kilometres (13 square miles), and Petite Martinique, measuring 2.4 square kilometres (just below 1 square mile). All three are safely tucked below the hurricane belt, and each enjoys stretching white beaches, set on a background of plunging mountain peaks and luxuriant tropical rainforests.

Grenada enjoys a year-round tropical climate due to its proximity to the Equator. Average temperatures range between 23 and 28c, although cool trade winds offer very comfortable conditions.

Getting to Grenada
Grenada has been dubbed the ‘Portofino of the Caribbean,’ and there is nowhere where this is more visible than in its pastel-coloured Port Louis Marina. This world-class establishment is home to yachts and mega-yachts up to 120 metres in length, and has a customs and immigrations office. The port can also host ferries crossing from other Caribbean islands.

Grenada has three airports, two of which are located on the island of Grenada, and one of which is located on Carriacou. The Maurice Bishop International Airport (airport code: GND) is the largest one in the nation, and welcomes direct flights from the United Kingdom, Canada, Venezuela, and the United States. Lauriston Airport, on Carriacou, allows visitors to reach the island by charter flights.

Economy

As its nickname suggests, Grenada is one of the world’s largest producers of various spices. Some of its largest agricultural exports include nutmeg, of which Grenada is the world’s second largest producer, mace, cloves and cinnamon. Other exports include fish, cocoa, beans, wheat flours, bananas and citrus fruits.

However, in the last twenty years, Grenada’s economy has relied less heavily on agriculture and has instead shifted towards the provision of services. Buoyed by an expanding ecotourism sector, Grenada is continuing to take more shares of the Caribbean tourism market.