Capital St. George's
Official Language English
Visa-Free Countries 144
Passport Rank 28
Grenada - Isle of Spice
Grenada Citizenship by Investment.
Located in the southern end of the Caribbean Islands, Grenada is one of the most picturesque Islands in Caribbean. Hosting pure beaches, unspoiled rainforests and waterfalls, luxurious resorts, and festivities, Grenada is a great destination for the elite who want to expand their business and want to obtain a second passport through the citizenship by investment program.
In Grenada, tourism is the leading sector for FDIs along with offshore financial industries, construction, and manufacturing. It gives access to the best US offshore university which is one of the finest medical, veterinary, and arts & sciences schools and is internationally accredited. To boost the FDIs, the Grenada Citizenship by Investment program was launched in 2013 and grants qualified investors and their family’s Grenadian citizenship under one application. The benefits of obtaining a second passport of Grenada are numerous and helps investors diversify their business and call Grenada their second home. The Grenada Citizenship by investment program is a fast-track process that allows eligible investors of outstanding character and high net-worth for dual citizenship which means you don’t have to lose the current passport.
The Grenadian passport gives visa free access to 135+ countries including the UK, EU, Hong Kong and Singapore. It is one of those few nations whose citizens can travel visa free to the People’s Republic of China
And reside in the US under the E2 treaty.
Route to Grenada Citizenship.
The National Transformation Fund (NTF)
Introduced in 2013 for bringing a change in Grenada economy and a channel to acquire Grenada citizenship. The contribution is made directly to a government owned fund which is used tourism, agriculture, and other economic developments including alternative energy.
For a single applicant the donation is USD 150,000* and for family of up to 4, the amount will be USD 200,000*. For any additional dependant for a family of over 4 members, an amount of USD 25,000 per dependant will be charged.
*This does not include the Due Diligence fee, government and other fees
Real Estate Investment
An investment in a government approved project like hotels, villas, and resorts can be made by the main applicant at least USD 220,000 which is resalable after 5 years. Other fees include the property registration fees, insurance fund contributions and conveyance fee, due diligence fees and non-refundable government fee
How long will the process take?
Is there a residency or travel requirement for any part of my process?
No, there is no travel or residency requirement during or after the application process
Will my current citizenship be renounced after receiving Grenadian citizenship?
No, the country allows Dual citizenship, and the current citizenship can be kept
What is the validity of a Grenadian passport?
It is valid for 5 years
How will the passport be renewed after expiry?
The Grenadian passport can either be renewed directly through the Grenadian passport and immigration office or at any Grenadian consulate.
Are there taxes on repatriation of profit?
No, there are no taxes on repatriation of profit
How many countries can I visit visa free?
135+ international and Commonwealth countries including the UK, EU, Hong Kong and Singapore, and the People’s Republic of China.
Do I need to know the local language to obtain the passport?
No, there is no language or any in-person interview requirement