Skip to content Skip to footer
Close
GRENADA

GRENADA

Grenada, known as the ‘Isle of Spice’, is one of the most magnificent islands in the West Indies. Unspoilt and exotic, it astounds visitors with its wildly jagged mountain peaks, hidden coves, spice plantations, and lush verdant rainforests. Its beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the island’s native spices. In addition to its scenery, Grenada offers culture, fun, and friendliness typical of the authentic Caribbean life, making Grenada the perfect place in which to live, work and play. With an idyllic climate, a year-round cool ocean breezes and an average temperature of ranging between 23° and 28° C, Grenada is a safe and unspoilt destination. Grenada’s population is highly educated and has a very high literacy rate. St George’s University hosts 6,000 students from over 140 countries and offers faculties in medicine and veterinary science. Grenada has a well-known, stable and established investment environment. It is a member of the United Nations, the British Commonwealth, the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS) and the Organisation of American States (OAS) among many other international organisations.

PROGRAMME HIGHLIGHTS

  • Fast application processing within 6 months
  • No requirement to travel to Grenada during the application process
  • Visa-free travel to around 140 countries
  • Eligibility for a USA E-2 Visa to reside in the USA
  • Entitlement to dual citizenship
  • No requirement to reside in Grenada before or after citizenship is granted
  • No tax on worldwide income, wealth, gift, inheritance or capital gains
The Citizenship by Investment Programme allows you and your family to obtain full legal citizenship and passports when you make a significant investment in Dominica which qualifies under the Citizenship by Investment Regulations. As an applicant for citizenship, you must be at least 18 years of age, of good character, without a criminal record, and able and willing to make the required contribution. Presently, there are two qualifying investments: a contribution to the Economic Diversification Fund starting at USD 100,000 for a single applicant, or the purchase of authorised property valued at least USD 200,000. The total cost of the Dominica Citizenship by Investment Programme will be made up of the contribution to the Economic Diversification Fund or of the investment in authorised real estate, plus fees relating to the processing of the application. Some fees apply to both citizenship routes, while others depend on whether you choose to obtain citizenship through the Economic Diversification Fund option or the real estate option. All fees quoted are in US Dollars.

The National Transformation Fund (NTF) is a government fund responsible for financing projects that will benefit Grenada’s economy and help its diversification. Applicants who choose this route must make a one-time contribution to the NTF. Under the NTF route, applicants may either immediately apply for citizenship, or first apply for permanent residence and apply for citizenship at a later stage.

Contribution AmountUSD 150,000 for the main applicant;
USD 200,000 for the main applicant and spouse;
USD 200,000 for a family up to 4 members;
USD 25,000 for each additional dependant after the third dependent
Due Diligence FeesUSD 5000 for the main applicant;
USD 5000 for the spouse;
USD 5000 for each dependant aged 17 years or older
Application FeesUSD 1500 for the main applicant;
USD 1500 for the spouse;
USD 1500 for each dependant
Processing FeesUSD 1500 for the main applicant;
USD 1500 for the spouse;
USD 500 for each dependant under 18 years;
USD 1500 for each dependant aged 18 years and over

The process of approving a project for the purposes of citizenship by investment begins with the Citizenship by Investment Committee, which reviews viable projects and recommends them to the Minister. The Minister then decides whether to approve the project and publishes the approval in the Gazette. Currently, the vast majority of approved project consists of real estate developments on the island of Grenada. These include luxury hotels, resorts, and villas. Investments in real estate must be maintained for at least 3 years from the date on which citizenship is granted.

Contribution AmountUSD 350,000
Government FeesUSD 50,000 for the main applicant;
USD 50,000 for the spouse;
USD 25,000 for each dependant after the third dependant
Due Diligence FeesUSD 5000 for the main applicant;
USD 5000 for the spouse;
USD 5000 for each dependant aged 17 years or older
Application FeesUSD 1500 for the spouse;
USD 500 for each dependant under 18 years;
USD 1500 for each dependant aged 18 years and over
Processing FeesUSD 1500 for the main applicant;
USD 1500 for the spouse;
USD 500 for each dependant under 18 years;
USD 1500 for each dependant aged 18 years and over