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 alternative citizenship option, particularly among those with larger families.

Through Grenada’s Programme, successful applicants can obtain citizenship, and later, a passport that provides enhanced global mobility. 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 Isle of the Caribbean’ 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 allure.

Summary

MINIMUM INVESTMENT

$150,000

DUAL CITIZENSHIP

OPTION AVAILABLE

PROCESSING TIME

4 - 9 MONTHS

RESIDENCY REQUIREMENT

NONE

The Grenada Citizenship by Investment Programme offers many benefits, including:

Citizenship for life

Grenada citizenship gives you the right to live and work in the country for life, plus civic entitlements like voting, free healthcare and the right to hold a Grenadian passport.

Entitlement to dual citizenship

Unlike other countries, Grenada has no restrictions on dual citizenship. Consequently, you don’t need to relinquish your original nationality in order to become a Grenadian citizen.

Ability to pass on citizenship

As a Grenadian citizen, you’ll also be able to pass on your citizenship rights to your descendants. This allows them to enjoy all the same benefits and in turn safeguards your family’s future.

Citizenship by investment in Grenada is available through two options:
01THE 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 applicantUS$150,000
Main applicant and up to 3 dependants (excluding siblings and parents and grandparents aged 55 or below)
US$200,000
Each additional dependant (excluding siblings and parents and grandparents aged 55 or below)
US$25,000 each
Any parent or grandparent aged 55 or belowUS$50,000 each
Any sibling
US$75,000 each
02PRE-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 applicantUS$50,000
Main applicant and up to 3 dependants (except parents or grandparents aged 55 or below and sibling)
US$50,000
After the 3rd family member (other than parents/grandparents aged 55 or below and siblings)
US$25,000 each
Any parent or grandparent aged 55 or below
US$25,000 each
Any sibling
US$75,000 each
03BASIC FEES
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.

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 several 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 Grenadian Passport

Every time Grenadian 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 can also apply for and receive Grenadian passports.

Grenada’s Citizenship by Investment application process consists of seven steps:

Step 1: Application and pre-approval by CS Global Partners. We will look through your application to check everything is in order and confirm it meets the requisite conditions, giving it the best possible chance of being accepted.

Step 2: Submission of citizenship application. After approving the application, we’ will then send it to Grenada’s Citizenship by Investment Unit (CIU) on your behalf.

Step 3: Government processing and due diligence checks. The Government of Grenada will process your application and perform due diligence checks, which includes checking for criminal records and assessing your ability to provide funds.

All main applicants, spouses, sponsors and dependants 17 years of age and over will be required to attend a mandatory interview.

Step 4: Approval in principle. Once your application is approved in principle, you’ll receive a letter confirming that the CIU has officially granted your request for citizenship.

Step 5: Make the investment of your choice. Now is the point you make your qualifying investments.

Step 6: Citizenship certificate issued. After you’ve completed the above steps, you’ll receive a citizenship certificate, officially making you a Grenadian citizen.

Step 7: Passport application. You’re now able to apply for a Grenadian passport and reap all the travel benefits involved. How long does it take to process an application?

From submission of the application to receiving the approval in principle, applicants can generally expect to wait between four to nine months. You are not required to pass tests, or travel to or reside in Grenada, which helps speed up the process.

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


Applicant Eligibility

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 Afghanistan, Belarus, Iran
North Korea, Russia, Sudan, Yemen are ineligible to apply for the Grenada Citizenship by Investment Programme. 

Is this programme for me?

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.

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