Citizenship by Investmentin Grenada

Minimum Investment Amount

$235,000

Key Residency Benefit

Affordable citizenship options

Processing Time

2-5 months

Why is Grenada a popular investment location?

Grenada is an island country in the West Indies. Famous for its spice trading business, Grenada is often referred to as the Island of Spice.

The country is also known for its unspoiled natural beauty. This includes white sandy beaches, lush rainforests, majestic waterfalls, historic forts, botanical gardens and coral reefs with the world’s first underwater sculpture park.

Grenada also offers a stable government and currency and a strong tourism industry.

About the Grenada Citizenship by Investment programme

The government launched the Grenada Citizenship by Investment Programme in August 2013 to drive the country’s economic growth through foreign investments.

The Grenada Citizenship by Investment Programme attracts investors from all over the world who wish to increase their family’s global mobility and have the security of a second citizenship.

From as little as $235,000, investors can receive a Grenadian passport and a wide array of benefits. Passport holders are granted visa-free access to over 140 countries, including the Schengen Area, the UK, Hong Kong and more.

How to obtain Citizenship by Investment in Grenada

Investment options

Make a non-refundable contribution to the National Transformation Fund (NTF).

The NTF was established when the CBI programme launched in 2013. The aim of the NTF is to assist in boosting the economy of the country. Both the contribution and government fees are payable only once citizenship is approved.

The minimum contribution to the NTF is $235,000 for a Single Applicant for a family of up to 4. Further costs of additional dependents apply of $25,000/$50,000 on a per-person basis. An additional cost of $75,000 is applied when adding a sibling.

Other costs, such as application fees and due diligence fees, also apply.

Real estate investment

Investment into a government approved real estate project with a minimum investment amount of $270,000. An additional minimum non-refundable contribution of $50,000 applies.

Investors also have the opportunity to re-sell their investment through the scheme after a mandatory holding period, which is between 3 to 7 years depending on the project, without affecting their citizenship status.

For the avoidance of doubt, the revised pricing regime ensures that there will be no distinction in investment costs between a single applicant and a Main/Principal Applicant with up to three (3) dependents for the NTF option. Additionally, the NTF contribution of $235,000 comprises of a minimum of $200,000 to be retained by the government and an allocation of up to $35,000 to be paid as commission to Agents. Similarly, the Approved Project investment of $270,000 to be paid to the Developer’s Escrow Account is comprised of a minimum of $230,000 to be used towards project construction costs.

Key Benefit of Citizenship by Investment in Grenada

The Grenada Citizenship by Investment Programme offers an affordable route to citizenship, with investments starting at $235,000.

As well as being cost-effective, the programme also offers a quick and simple process for gaining citizenship and a Caribbean passport. The average processing time for applications is between 2 and 5 months.

Grenadian passport holders are granted visa-free travel to over 140 countries, including China, the Schengen Area, the UK, Singapore and Hong Kong. They also have the right to live, work and study in Grenada and other CARICOM nations.

Citizenship can also be passed down from generation to generation without having to give up the existing nationality.

Get in Touch Today

Contact us for expert guidance on second citizenship, golden visas, and wealth management tailored for your needs.

Support

michaelchristofis@holbornassets.com