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Grenada Citizenship Program
Overview of Grenada
Grenada, a renowned island country, is celebrated for its spices, including cinnamon, cocoa, and cloves, which thrive in its fertile volcanic soil. Positioned between the Caribbean Sea and the Atlantic Ocean, Grenada covers a land area of 348.5 km² and has a population of approximately 113,500 people. Creole English serves as the official language in Grenada, and the Eastern Caribbean dollar is the official currency, with the US dollar commonly accepted in business and tourist establishments.
The primary sources of economic revenue in Grenada are its manufacturing industries, specializing in textiles, beverages, and brewing. Additionally, Grenada’s tropical climate serves as a major attraction for tourism, contributing to over 35% of the nation’s economy. The allure of Grenada extends beyond its economic appeal, as the quality of living in the country attracts a diverse array of people, including tourists, investors, and foreigners. Notably, Grenada’s healthcare and education facilities are recognized as some of the finest globally.
Language
English
Currency
Eastern Caribbean Dollar
Total Area
348 km2
Capital
St George’s
Government
Parliamentary democracy
Population (2024)
113,519 people
Citizenship by Investment Program of Grenada
Grenada initiated its citizenship-by-investment program in 2013 with the aim of bolstering its economic prosperity. This program enables foreign investors to acquire permanent legal citizenship and a second passport within a relatively short period, typically ranging from 4 to 6 months. Notably, Grenada has established robust diplomatic ties with both the United States and China, positioning itself as the sole Caribbean citizenship by investment program that provides visa-free access to China.
Furthermore, Grenada has entered into an E-2 investor visa treaty with the United States. This treaty affords Grenada passport holders the valuable privilege of working in the United States. These unique features contribute to making Grenada’s citizenship by investment and second passport program stand out among its Caribbean counterparts.
Citizenship by investment in Grenada is available through two options:
- Option 1: Making a non-refundable contribution to the National Transformation Fund (NTF)
- Option 2: Investing in an approved real estate project under the Grenada Citizenship by Investment Unit
Benefits of Grenada Citizenship and Passport
Grenada’s citizenship program permits siblings to be sponsored under a single application. Additionally, it does not mandate applicants to undergo a language test, nor is there a requirement for them to reside or visit the country. Holders of Grenada passports enjoy the privileges of voting, property ownership, and the ability to live and work within the country.
- Enjoy visa-free access to more than 140 countries and territories, including the Schengen zone, the UK, and China.
- Permitting dual citizenship for greater flexibility
- Siblings can be sponsored together in a single application.
- Right to live and work in many other Caribbean countries
- Citizenship is inheritable, extending to newborns
- Facilitated access to the US and Canada
- Non-residents are not subjected to any imposed taxes
- No residency requirement before or after the grant of the second citizenship
Grenada Citizenship by Investment Options
Option 1: The National Transformation Fund (Donation)
The National Transformation Fund (NTF) was established to play a crucial role in sustaining the growth and transformation of Grenada’s economy. This fund is utilized to finance diverse projects spanning multiple industries, such as tourism, trade, agriculture, and alternative energy.
A non-refundable contribution depending on the number of dependents included in the application:
Single applicant
US $150,000
Main applicant and spouse
US $200,000
Family of four
US $200,000
Additional dependents (except siblings and parents/grandparents under the age of 55)
US $25,000 per applicant
Dependent parents/grandparents under the age of 55
US $50,000 per applicant
Dependent siblings
US $75,000 per applicant
Option 2 : Real Estate Investment
Prospective applicants are required to invest in a government-approved real estate project within Grenada, with a minimum value set at either US $220,000 (shared project) or US $350,000 (individual unit). Importantly, the resale of the real estate under the Citizenship by Investment Program is permissible only after a minimum period of five (5) years following the acquisition of citizenship.
The following government fees also apply depending on the number of dependents included in the application:
Single applicant
US $50,000
Main applicant and spouse
US $50,000
Family of four
US $50,000
Additional dependents (except siblings and parents/grandparents under the age of 55)
US $25,000 per applicant
Dependent parents/grandparents under the age of 55
US $50,000 per applicant
Dependent siblings
US $ 75,000 per applicant
Additional Fees for Grenada Citizenship
Application fee
US $1,500 per applicant
Processing fee
US $1,500 per applicant
Processing fee for dependents below 18 years old
US $500 per applicant
Due diligence for main applicant
US $5,000
Due diligence for spouse
US $5,000
Due diligence for dependents 17 years old and above
US $5,000 per applicant
Oath of allegiance and passport fee
US $275 per applicant
How to Qualify for Grenada Citizenship?
- The main applicant must be a minimum of 18 years old.
- Applicants are required to have a clean criminal record.
- Proof of the legitimate source of funds for the investment must be provided.
- Dependent children under the age of 30 are eligible.
- Dependent parents and grandparents can also be included.
- Unmarried dependent siblings who are 18 years old and above may be included in the application.
- All applicants must undergo due diligence checks to obtain approval.
How to Apply and Obtain Grenada Citizenship?
Citizenship Network is recognized as an international marketing agent listed under the Citizenship by Investment Unit. We are authorized to promote and deliver comprehensive services for the Grenada Citizenship by Investment program.
- Our specialized team collaborates with you to collect, translate, and notarize the required documents, ensuring strict adherence to the Grenada government’s standards.
- The compiled documents, along with the due diligence and application fees, will be submitted to the government of Grenada, initiating your application and undergoing the necessary due diligence procedures.
- Upon securing initial approval, the Grenada government will issue a letter requesting the remaining funds.
- After making the necessary investment for your chosen program, you receive your Certificate of Registration, officially attaining citizenship in Grenada.
- Your advisor at Citizenship Network proceeds to apply for your Grenada passport and ensures its delivery to you.
Reach us to learn all about Grenada Program, Application Details and Visa-Free Countries
In recent years, the Grenada government has effectively endeavored to broaden the array of countries where its citizens can enjoy visa-free access.
FAQ’s About Grenada Citizenship
How do I become a citizen of Grenada?
Grenada grants citizenship to applicants who fulfill specific criteria and either make a suitable financial contribution or invest in approved real estate.
How long does it take to get Grenada citizenship?
Investors can obtain Grenada citizenship within a timeframe of 4 to 6 months.
Does Grenada allow dual citizenship?
Yes, Grenada permits applicants to retain their existing citizenship while applying for Grenadian citizenship.
Is Grenada safe?
Grenada is widely regarded as one of the safest islands in the Caribbean.
How strong is Grenada passport?
The Grenada passport is ranked 33rd in terms of travel freedom, providing visa-free travel to 143 countries, including access to the Schengen zone, the UK, and China.
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