GRENADA
CITIZENSHIP BY INVESTMENT
GRENADA CITIZENSHIP BY INVESTMENT
Grenada Citizenship by Investment, launched in August 2013, is one of the Caribbean’s more recent programs. The Citizenship by Investment program aims to strengthen the country by stimulating economic growth through foreign investment.
As an applicant, you must be at least 18 years old, of good character, and have no criminal record.
Additionally, you must make a non-refundable donation to the National Transformation Fund or invest in government-approved real estate projects.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Receive approval by the government
- Confirmed investment sources
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 30 years of age
- Dependent parents
- Unmarried Siblings over 18 years and below 30 years of age
DOYEN INTERNATIONAL IS GOVERNMENT AUTHORIZED
Our company is officially authorised by the Government of Grenada to process citizenship and passport applications. With a proven track record, we have successfully facilitated citizenship for applicants and their families.
ABOUT GRENADA
CAPITAL
St. George’s
TOTAL AREA
348.5 km²
POPULATION
126,887
LANGUAGE
English, Grenadian Creole English, Grenadian Creole French
CURRENCY
EAST CARIBBEAN DOLLAR (XCD)
GDP TOTAL
USD 1.215 billion
PROGRAM OVERVIEW
MINIMUM INVEST
$235,000 Donation
MINIMUM INVEST
$270,000 Real Estate
TIME TO CITIZENSHIP
6-8 Months
VISA-FREE ACCESS
140+ Countries and Territories
DOMINICA CITIZENSHIP BY INVESTMENT BENEFITS
Visa-free Travel
Visa-free and visa-on-arrival travel to more than 140 countries and territories, such as, China, Singapore, Hong Kong, Russia, and the Schengen area.
E-2 Investor Visa
The Grenada program is the only Caribbean citizenship by investment program that provides an opportunity to obtain an E-2 Investor visa in the United States of America.
Straightforward process
The process is intended to be simple and straightforward, with a 6-months timeframe for obtaining new citizenship.
Tax relief
Grenada charges minimal taxes, with the exception of no taxation on wealth, gifts, inheritance, foreign income, or capital gains.
Minimal residency required
There are no residency requirements, and you can apply right away. No Education, or management experience are required.
Dual Citizenship permitted
There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.
COSTS OF GRENADA CITIZENSHIP BY INVESTMENT
There are two options for qualifying contributions for the Grenada Citizenship-by-Investment Program:
1. Donation - National Transformation Fund (NTF)
Cash donation to the National Transformation Fund (NTF), Government Escrow Account.
Main Applicant
USD 235,000
Main Applicant with up to 3 dependants
USD 250,000
Each additional qualified dependent below the age of 18
USD 25,000
Each additional qualified dependent above the age of 18
USD 50,000
Qualified sibling
USD 75,000
2. Real Estate
Real estate investment can be made through one of the government-approved asset classes: freehold property with title deed, hotel shares, fractional ownership, or land. The investment requires a minimum holding period of four (4) years.
Minimum Investment (Must hold for 4 years)
USD 270,000
Government Fees
In addition to any real estate investment, there are associated government fees to be paid.
Main Applicant
USD 50,000
Main Applicant with up to 3 dependents
USD 50,000
Each additional qualified dependent below the age of 18
USD 25,000
Each additional qualified dependent above the age of 18
USD 50,000
Qualified sibling
USD 75,000
Processing and Application Fees
In addition, there are other costs associated with both options
Processing fees per person
USD 15,00
Processing fees for dependents below 17 years of age
USD 500
Processing fees for dependents aged 17 years or above
USD 1,500
Application fees per person
USD 1,500
Due Diligence & Background Checks
There are compulsory background checks payable to the government preferred due diligence agency that will use Interpol, World-Check and other government agencies to screen applicants based on their application.
Due Diligence per person over 17
USD 5,000
Mandatory Interview
The Interview is conducted by an independent professional firm commissioned by the CIU, either virtually, or in person. The Interview must be attended by: • Every main applicant in process • A dependent of a main applicant in process aged 17 years or over, if deemed necessary
Interview fee per person 17 and over
USD 1,000
Application Process For GRENADA Citizenship by Investment
The application process is expected to last six months. The faster you gather the documents, the faster you will finish the first stage. Our team will provide you with samples and best practice advice. The review stage is subject to the Grenada Citizenship by Investment Unit (CBIU) schedule, and external factors can have an impact on it that we, as authorised agents, cannot control. Doyen International works with the Dominica CBIU throughout the process, and we work to provide you with the quickest and smoothest experience.
GRENADA Visa-free Countries
A Grenada passport allows for visa-free or visa-on-arrival travel to over 140 countries and territories, including Hong Kong, Singapore, China, Russia, the Schengen Area, and the United Kingdom. Along with significant tax benefits, the Grenada program is the only Caribbean citizenship by investment program that provides the opportunity to obtain an E-2 Investor visa in the United States of America.
140+ COUNTRIES
“SAMPLE OF THE PASSPORT”
FAQs
Frequently Asked Questions
What is Citizenship by Investment in Grenada?
Grenada Citizenship by Investment is a program that allows foreign investors to earn Grenada citizenship by investing in the country’s economy.
What are the advantages of citizenship in Grenada under the Citizenship by Investment program?
Some of the benefits of Grenada Citizenship by Investment include visa-free or visa-on-arrival travel to over 140 countries, the ability to live and work in Grenada, and membership in the Caribbean Community (CARICOM) and Commonwealth of Nations.
What types of investments qualify for Grenada Citizenship?
The Grenada Citizenship program currently offers two investment options: a donation to the National Transformation Fund or a real estate investment in an approved project.
How much must I invest to qualify for Grenada Citizenship?
The minimal investment for Grenada Citizenship varies based on the investment option selected. A minimum commitment of USD 235,000 is required for a donation to the National Transformation Fund, while a minimum investment of USD 270,000 is needed for real estate.
How long does the Grenada Citizenship by Investment process take?
The process typically takes 4-6 months from the time the application is submitted to when the applicant receives citizenship.
Is Grenada Citizenship by Investment a permanent citizenship?
Grenada’s Citizenship by Investment is permanent and can be passed down to future generations.
Can I include my family members in my application for Grenada Citizenship?
Yes, family members such as a spouse, children under the age of 30, and dependent parents over the age of 55 can be included in a Grenada Citizenship by Investment application.
Are there any limitations on Grenada citizens having dual citizenship?
No, dual citizenship is permitted in Grenada, and there are no restrictions on holding Grenada citizenship in addition to citizenship in another nation.
Can I enter the US with a Grenada passport obtained through the Citizenship by Investment program?
The E-2 visa program, which allows visa-free travel to the United States for business purposes, is not available to Grenadan citizens who obtain citizenship through the Citizenship by Investment program. Nonetheless, Grenadan nationals can still use their passports to apply for a visa to the US.