Grenada is a Caribbean country composed of three main islands: Grenada, Carriacou and Petite Martinique. Grenada, also known as the ‘Spice Island of the Caribbean’, due to its rich cultural heritage growing and trading spices. Grenada offers a high standard of living living with with its educational system modelled on that of the British and excellent healthcare.
Grenada has several reasons to be a favorite of the high net-worth individual with its attractive Citizenship by Investment Program launched in 2013.
- Eastern Caribbean Dollar
- MIN. CAPITAL INVESTMENT
- USD 150,000
- PROCESSING TIME (APPROX.)
- 90 Days
Key Advantages include:
Visa free travel to more than 140 countries including United Kingdom (UK), the European Union (EU), China, Brazil, HongKong and Singapore.
Right to hold dual citizenship
Ability to live in any other Caribbean Community (CARICOM) – Antigua, Bahamas, Barbados, Trinidad & Tobago, Jamaica, etc.
Not taxed on world wide income, capital gains, gifts and inheritance.
Ability to pass on the passport to future generations.
The option to apply to reside in the United States under the E-2 Visa Treaty between Grenada and United States.
Route to Grenadian citizenship
The Grenada Citizenship-by-Investment Program requires applicants to either make a significant economic contribution to the country or to acquire a government-approved qualifying asset. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families will be granted citizenship. To qualify for citizenship, the primary applicant must be over 18 years of age, meet the application requirements, and satisfy one of the two primary qualifying options:
/ National Transformation Fund (NTF)
The minimum required contribution under the NTF option is USD 150,000. The capital raised from this is used to assist the Government in financing development projects to benefit the country and people of Grenada.
/ Investment in pre-approved real estate
The pre-approved real estate options requires applicants to purchase property and to maintain ownership for at least 5 years. The minimum required investment under the pre-approved real estate option is USD 220,000.