Grenada Citizenship by Investment

Grenada’s Citizenship by Investment Program (CIP) allows individuals and their families to obtain citizenship by either making a donation to the National Transformation Fund (NTF) or by investing in approved real estate development in Grenada.

The National Transformation Fund (NTF) was established in 2013 as a 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.

The real estate investment route is the only option which enables investors to recover funds used to acquire citizenship. Investors have the option to rent their property through an experienced management company, earn monthly rental income, and sell the property once the three or five year mandatory holding period has expired (holding period varies based on the development).

Applicants must be 18 years of age or older to apply for citizenship of Grenada through the Citizenship-by-Investment Program. Applicants can include dependent family members such as children up to the age of 25 and parents over the age of 55. Applicants must be of good character and have no criminal record and provide a clean police report along with other supporting documents.

Once an applicant’s application for citizenship is approved in principal (approximately 60-90 days from the date of submission of documents to the Government), and the requisite investment is made, the applicant, along with their included family members will become lifetime citizens of Grenada and be granted passports within the strict guidelines of the law and relevant regulations.

There is no physical residency requirement associated with Grenada Citizenship by Investment. Applicants have the choice to either live in the country or abroad.

Grenada citizenship benefits are a gateway to a whole new world. Apart from the freedom to travel visa-free and conduct business in more than 145 countries worldwide, individuals who obtain citizenship through Grenada’s Citizenship by Investment Programme are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada at all times. Moreover, because Grenada is a member of the Caribbean Community (CARICOM), Grenadian citizens have the right to live in any other CARICOM member state.

Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. Children and young adults may obtain preferred access, and in some cases grants, to top schools and universities.

The application process is confidential, with no disclosure or exchange of information with other governments or bodies, except when due diligence checks are carried out as part of the application process. These checks are performed by an authorised due diligence agency.

Grenada Citizenship Benefits include:

  • Fast – A fast track solution to citizenship in two to three months
  • Affordable – The lowest cost Citizenship by Investment option for a large family in the region.
  • Flexible – No residency requirement; dual citizenships are permitted; dependents are eligible for citizenship too
  • Secure – A peaceful, democratic and politically stable country
  • Permanent – Citizenship is granted for a lifetime and can be passed on to future generations by descent
  • Tax Advantages – No foreign income, wealth, gift, inheritance, or capital gains tax. There is no restriction on the repatriation of profits and imported capital. Generous incentive packages exist including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance
  • Practical – Visa-free travel to more than 145 countries worldwide, including United Kingdom, European Schengen States and China. View the list of Grenada Visa-Free countries. Moreover, Grenadian nationals qualify for E-2 visa to the USA
  • Profitable – Real estate offers income and capital gains opportunities
  • Convenient – Direct airline access to many regions of the world
  • Confidential – No sharing of information with the country of your current citizenship or residency
  • Welcoming – Delightful year-round climate and warm friendly people

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship in one of the two ways:

1) by making a donation to the National Transformation Fund (NTF); or

2) by investing in approved real estate development in Grenada.

See the third tab for a quick summary of the fees and costs of each option. Please note, there are other fees associated with the citizenship application process. These include the citizenship application fee, official citizenship application form, citizenship certificate and passport fees.

* Professional Fees
Citizenship Application fees are extra and will vary depending on the number of dependents included in your application. Please contact CSL for a personalized estimate of what your total Citizenship-by-Investment fees may entail.

OPTION 1:
NTF Donation (USD)
OPTION 2:
Real Estate (USD)
Government Due Diligence Fees
(Fees are non-refundable and are due upon submission of application to the Citizenship-by-Investment Committee)
$5,000 per each applicant 17+

$0 per dependent child aged 0-16

$5,000 per each applicant 17+

$0 per dependent child aged 0-16

Minimum Investment
(Investment is due upon official approval in principle from the Citizenship-by-Investment Committee)
$200,000 single applicant

$200,000 main applicant with up to 3 other qualifying dependents

$25,000 per each additional qualifying child 0-25 and parent over 55

Minimum $350,000 investment in approved real estate

Applicant must keep the real estate for at least three years following the grant of citizenship

Government Processing Fees
(Fees are non refundable)
Processing Fee, due upon submission:

  • $1,500 per each applicant aged 17 and over
  • $500 per dependent child aged 0-16

 

Issuance of Grenada Permanent Residence Card:

  • $1,000 per each applicant
Processing Fee, due upon submission:

  • $1,500 per each applicant aged 17 and over
  • $500 per dependent child aged 0-16

Government Fee, due upon approval in principle:

  • $50,000 main applicant with up to 3 dependents
  • $25,000 per each additional qualifying dependent

Issuance of Grenada Permanent Residence Card:

  • $1,000 per each applicant

 

Citizenship of Grenada – Other Requirements
Primary applicant must be 18 years of age or older to apply for Citizenship of Grenada through the Citizenship-by-Investment Program.

The Citizenship-by-Investment Committee will not consider an applicant if:

  • Applicant has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial
  • Applicant has been denied Citizenship by Investment in another Caribbean jurisdiction
  • Applicant has a criminal record
  • Applicant is subject to criminal investigation
  • Applicant is a potential national security risk to Grenada or any other Country
  • Applicant is involved in any activity likely to cause disrepute to Grenada
  • Applicant is in poor physical health

Citizenship of Grenada – Eligible Dependents
Primary applicants can also include:

  • spouse;
  • children under 18;
  • dependent children between the ages of 18 to 25, if this dependent is a full-time student attending a recognized college or university and financially dependent on the main applicant;
  • parents and grandparents of the main applicant over the age of 55, can also be included in the application once they are living with and financially dependent on the main applicant.

Applying for Grenada citizenship through Corporate Solutions Ltd. (CSL), allows an individual or family to full access to our citizenship experts and the leading team in the Citizenship-by-Investment industry. CSL, through its local associate, is officially authorized to manage Citizenship-by-Investment applications for Grenada on behalf of our clients. This is our core business, we do not use intermediaries, and collectively we have over 30 years of experience at guiding clients through this complex process. We follow a careful six-step process, beginning with a signed written agreement for your protection that ensures your Citizenship-by-Investment application will be handled in a confidential, professional, and timely manner.

Based on our experience, the process of applying for Grenada citizenship can take approximately two to three months. CSL will provide you with all the necessary assistance and service you require through every stage of the process and beyond.

Your first step: Contact CSL for a complimentary consultation to determine your eligibility for Citizenship-by-Investment. We will be pleased to answer any questions you may have and explain how we can make the process as simple and efficient as possible for you.

Download Grenada Citizenship Guide
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