Grenada Citizenship by Investment Programme
Grenada has several reasons to be a favourite among high net-worth individuals. Having restructured, redeveloped, and re-launched its citizenship by investment programme in 2013, the Caribbean island-nation has become a popular second citizenship option, particularly among those with larger families.
Through Grenada’s Programme, successful applicants can obtain citizenship, and later, a passport that allows travel to more than 140 countries and territories.
Beyond the benefits of economic and international freedom, Grenada also offers many lifestyle perks to those who decide to call it home. Affectionately known as the Spice Island due to its rich heritage of growing and trading spices, Grenada basks in a year-round tropical climate with cooling trade winds that make the many hours of sunshine all the more pleasant.
It also boasts excellent healthcare and education systems and is among the safest nations in the Caribbean. Incredible scenery, rich biodiversity, exquisite cuisine, and a welcoming community only add to this tri-island paradise’s lure.
Benefits of Grenada Citizenship
The Grenada citizenship by investment programme provides an opportunity to apply for a Grenada passport and a huge range of benefits including:
- Ability to pass on citizenship to future generations
- Citizenship for life, with the right to live and work in the country
- Right to hold dual citizenship
Citizenship by investment in Grenada is available through two options:
The National Transformation Fund
The National Transformation Fund NTF was established to assist the transformation of Grenada’s economy into one that is diversified, resilient, and prosperous.
Due Diligence, application and processing fees apply:
- Main applicant USD 150,000
- Main applicant and up to 3 dependants (excluding siblings and parents and grandparents aged 55 or below) USD 200,000
- Each additional dependant (excluding siblings and parents and grandparents aged 55 or below) USD 25,000 each
- Any parent or grandparent aged 55 or below USD 50.000 each
- Any sibling USD 75.000 each
Pre-Approved Project (Real Estate) Option
Investment in a pre-approved project (most commonly real estate) that must be held for at least 5 years if the buyer is also someone who wishes to become an economic citizen of Grenada. Applicants who choose to purchase real estate have two choices:
Minimum independent investment: US$350,000
Minimum joint investment in tourism accommodation: US$220,000 per investor (total value of the investment: US$440,000)
The following Government Fees apply:
- Main applicant USD 50,000
- Main applicant and up to 3 dependants (except parents or grandparents aged 55 or below and sibling) USD 50,000
- After the 3rd family member (other than parents/grandparents aged 55 or below and siblings) USD 25,000 each
- Any parent or grandparent aged 55 or below USD 50,000 each
- Any sibling USD 75,000 each
The following basic fees apply to both options:
• Due Diligence Fees
Main applicant – US$5,000
Spouse – US$5,000
Family member aged 16 or less – US$0 each
Family member aged 17 or over – US$5,000 each
• Application Fees: per family member US$1,500
• Processing Fees
Main applicant – US$1,500
Spouse – US$1,500
Family member aged 16 or less – US$500 each
Family member aged 17 or over – US$1,500 each
• Non-Included Spouse Fees
• Bank Charges
• VAT on Bank Charges
• Passport Fees
• CS Global Partners Professional Fees
Upon becoming a citizen of Grenada through its Citizenship by Investment Programme, an economic citizen can apply for a passport at the Passport Department of the Royal Grenada Police Force.
It is also possible for that economic citizen to appoint a third party to apply on his or her behalf. Applications for a passport can be submitted as soon as citizenship is received.
What are the benefits of a Grenada passport?
Grenadian passports are CARICOM passports that are issued to citizens of Grenada for international travel. They are biometric documents, ensuring a greater level of safety and facilitating cross-border procedures. Holders of Grenadian passports enjoy access to more than 140 countries and territories worldwide.
Ordinary Grenadian passports are valid for five years. They can be renewed at the Passport Department of the Royal Grenada Police Force in St George’s (Grenada’s capital city) or at a Grenada High Commission, Embassy, or Consulate.
What is the Grenada passport application process?
The passport application process is separate from the citizenship by investment process, and requires the applicant to present a number of documents, including, but not limited to, a certified copy of the applicant’s Certificate of Registration – the document that is issued to an economic citizen at the end of the citizenship by investment process.
How to re-apply for a Grenada passport
Every time Grenada passport holders re-apply for a passport (for example, because their old passport has expired), they must present their old Grenada passport. This will be cancelled upon issuance of the new passport.
CS Global Partners assists clients who wish to obtain citizenship of Grenada, providing them with the guidance and commitment they need to see their application processed seamlessly. Our team then ensures that clients who obtain their citizenship also apply for, and receive Grenadian passports.
Grenada Citizenship by Investment application process consists of seven steps, which are:
- Step 1: Application and pre-approval by CS Global Partners
- Step 2: Submission of citizenship application
- Step 3: Government processing and due diligence checks
- Step 4: Approval in principle
- Step 5: Investment in National Transformation Fund or Pre-Approved Real Estate
- Step 6: Citizenship certificate issued
- Step 7: Passport application
Frequently Asked Questions
What are the investment options under the Grenada Citizenship by Investment Programme?
- A direct contribution to the country’s National Transformation Fund
- An investment in pre-approved real estate
Applicants for citizenship should be at least 18 years of age, in good health, of good character, without a criminal record, and able and willing to make the required contribution or investment.
Which family members can I include in my application for economic citizenship?
You can include:
- Your spouse
- Children of the main applicant or of the spouse, under the age of 18
- Children of the main applicant or spouse aged 18 to 30, supported by the main applicant or the main applicant’s spouse
- Children of the main applicant or spouse aged 18 or over, physically or mentally challenged, living with and fully supported by the main applicant
- Parents or grandparents of the main applicant or of the spouse if fully supported by the main applicant or the main applicant’s spouse
- Siblings of the main applicant or of the spouse, whether biological or adopted, aged at least 18, single, and with no children
What does the due diligence process in entail?
You will be vetted by multiple entities:
- KYC (know-your-customer) checks performed by your Local Agent
- Internal checks including AML (anti-money laundering) and CTF (counter-terrorism financing) vetting by the Citizenship by Investment Unit
- Mandated international due diligence firms perform online and on-the-ground checks
- Regional and international crime prevention bodies check that you aren’t on any wanted or sanctions lists
Are citizens of certain countries not allowed to apply?
Citizens of North Korea, Russia and Belarus are ineligible to apply to the Grenada Citizenship by Investment Programme.
Is this programme for me?
Economic citizens of Grenada are able to apply for the E-2 Visa to the United States.
The following are also a good fit for the Programme:
- Extended families including siblings, parents or grandparents
- Single professionals who want to broaden their horizons
- Individuals and families who want greater global mobility
Where do the funds go?
The National Transformation Fund is a Government fund responsible for financing projects that will benefit Grenada’s economy and help its diversification.
Book a free first consultation with one of our citizenship experts and discuss your individual requirements.
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*Citizenship by investment programme requires a financial investment into the country.
Have a look at other CBI programmes: