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Grenada stands as a prime choice for discerning high-net-worth individuals. Since its revitalization in 2013, the Grenada Citizenship by Investment Programme has attracted the attention of those seeking a second citizenship, especially those with larger families.
Through Grenada’s Programme, successful applicants can attain citizenship and, subsequently, a passport facilitating travel to over 140 countries and territories. Yet, the allure of Grenada extends far beyond its economic and international advantages.
Affectionately known as the “Spice Island” due to its storied history of cultivating and trading spices, Grenada boasts a perpetual tropical climate, enhanced by soothing trade winds that complement its abundant sunshine. Beyond this, Grenada offers a plethora of lifestyle perks, including exceptional healthcare, a robust education system, and a reputation as one of the safest nations in the Caribbean. Its breathtaking scenery, rich biodiversity, delectable cuisine, and welcoming community add to the island’s charm.
The Grenada citizenship by investment programme extends a host of benefits, including:
Grenada’s citizenship by investment programme offers two distinct pathways:
Option 1: The National Transformation Fund (NTF)
The NTF contributes to the transformation of Grenada’s economy, fostering diversity, resilience, and prosperity. The following fees apply:
Option 2: Pre-Approved Project (Real Estate) Option
Invest in a pre-approved project, typically real estate, with a minimum holding period of 5 years for those aiming to become economic citizens of Grenada. Two investment choices are available:
Government fees for this option include:
Basic fees applicable to both options encompass:
Discover the financial commitment required to participate in the citizenship by investment programme.
Upon obtaining Grenadian citizenship through the Citizenship by Investment Programme, economic citizens may apply for a Grenada passport at the Passport Department of the Royal Grenada Police Force. Alternatively, economic citizens can appoint a third party to apply on their behalf, making the process even more convenient.
Grenadian passports, recognized as CARICOM passports, grant citizens access to over 140 countries and territories worldwide. These biometric documents enhance security and expedite cross-border procedures. Ordinary Grenadian passports have a five-year validity and can be renewed at various official locations.
The passport application process operates independently from the citizenship by investment process and necessitates the submission of specific documents, including a certified copy of the applicant’s Certificate of Registration, issued at the conclusion of the citizenship by investment process.
Whenever Grenada passport holders seek passport renewal due to expiration, they must present their old Grenada passport, which will be invalidated upon issuance of the new one.
Please note that there is a slight increase in the Turn-Around-Time for Application Receipt Letters. The Grenada CIU has advised that due to a recent surge in applications, the Turn-Around-Time (TAT) for issuing Application Receipt Letters will now be 72 working hours.
The Grenada Citizenship by Investment application process comprises seven sequential steps:
Which Investment Options Are Available Under the Grenada Citizenship by Investment Programme?
The programme offers two primary options:
Applicant Eligibility
To qualify, applicants must be at least 18 years old, in good health, possess a clean criminal record, and be willing and able to make the required contribution or investment.
Inclusion of Family Members
Applicants may include various family members in their application, such as spouses, dependent children, parents, grandparents, and siblings, depending on specific criteria.
Understanding Due Diligence
The due diligence process encompasses multiple stages, including KYC checks, internal checks (AML and CTF vetting), international due diligence, and scrutiny by crime prevention entities.
Citizenship Restrictions
Citizens of North Korea, Russia, and Belarus are not eligible to apply for the Grenada Citizenship by Investment Programme.
Is This Programme Right for You?
This programme suits:
Get Started on Your Grenadian Journey
Book an initial consultation with one of our citizenship experts to tailor your citizenship path to your specific needs.
Please note that participation in the citizenship by investment programme requires a financial commitment to the country.
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