Grenada Citizenship
GOVERNMENT AUTHORIZED FIRM
Overview
Grenada’s citizenship by investment and second passport program is the only program in the Caribbean that allows Visa Free access to China in addition to all Schengen States, the UK, and Singapore. Grenada has the 39th strongest passport and gives its citizens the option of E-2 USA ‘INVESTOR VISA’ that could down the line lead to a Green Card.
You and your family will obtain an irrevocable dual citizenship and second passport without having to move away or renounce your current nationality.
The Citizenship by Investment Program reopened in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence, second passport and citizenship of Grenada by registration in Grenada’s government approved projects.”
Timeline:
2 months
Nationalities supported:
Open to all nationalities
Visa free travel:
Instant visa-free travel to 122 countries, including the Schengen countries, China, United Kingdom, Singapore and Hong Kong
Investment type:
Contribution to Grenada’s Government or Investment in Grenada’s Government Approved Projects
Investment cost:
Contribution to Grenada’s National Transformation Fund (USD 150,000 for a single applicant) or GSA Financing (USD 190,000 for family of 4) or GSA Buy Back (USD 325,000 for a family of 4) or Real Estate Investment (USD 400,000 for family of 4)
Benefits
Personal Freedom
Second Citizenship and Passport issued in 60 business days
Ability to obtain a National Identity Card without visiting Grenada
No requirement to reside in Grenada
Dual Citizenship is allowed
All nationalities are permitted to apply
Visa-Free Travel Countries
Visa free access to 122 countries (included 6 with e-Visa)
Grenada’s dual passport includes Visa free to People’s Republic of China - Grenada is one of the very few nations whose citizens can travel without visa
List include the United Kingdom and the Schengen States
Visa free list includes important business hubs like Singapore, Hong Kong and Australia with e-Visa
Business Advantages
Grenada citizens are eligible for USA E-2 Visa to start a business and reside in the United States
No foreign income, wealth, gift, inheritance or capital gains tax
No restriction of profits and imported capital
Citizenship Investment exit after 3 years
Family Security
Children up to 30 years old and dependent parents can apply for second passport (below 55 pay additional USD 25,000 per applicant)
Ability to live in any other Caribbean Community (CARICOM)
Perfect setting for both adventure and relaxation
Grenada’s local community is culturally vibrant, vivacious, and extremely friendly
Costs
Second passport and citizenship program of Grenada requires making an economic contribution to the country or an investment in Government approved projects.
OPTION 1 – CONTRIBUTION TO NATIONAL TRANSFORMATION FUND (NTF)
USD 150,000 Non-refundable contribution to the National Transformation Fund (NTF)
The non-refundable financial contribution varies depending on the number of applicants as follows:
| Contribution of NTF for Single Applicant | USD 150,000 |
Contribution to NTF (Family of up to 4 including main applicant, spouse and dependents up to the age of 30) | USD 200,000 |
Government fees for additional family member (up to the age of 30) | USD 25,000 |
OPTION 2 – GRENADA SUSTAINABLE AQUACULTURE (GSA) BUY BACK
In 5 years-time USD 275,000 is returned as Buy Back by the developer. The Buy Back amount is also guaranteed by International Insurance Company with whom the investor signs directly an insurance policy. Through this investment an annual return of minimum 6% is paid as from the Declaration of Dividends starting from year 3. As an alternative to the Buy Back option the investment could be sold in 3 years to another applicant and keep his second passport.
| GSA Buy Back | USD 275,000 |
Government fees for (Up to a family of 4 including main applicant, spouse and dependents up to the age of 30) | USD 50,000 |
Government fees for additional family member (up to the age of 30) | USD 25,000 |
OPTION 3 – Real Estate
As per Grenada’s citizenship legislation a real estate Investment of USD 350,000 is required as well as application fees payable to the Government. The property can be sold in approximately 3 years, or longer, depending on the stipulations of each project. Once it is sold the investment also qualifies the next purchaser for citizenship.
| Real Estate | USD 350,000 |
Government fees for (Up to a family of 4 including main applicant, spouse and dependents up to the age of 30) | USD 50,000 |
Government fees for additional family member (up to the age of 30) | USD 25,000 |
For a full breakdown of government fees, due diligence Fees and other payable applications fees for your specific case please contact us.
Timeline
Month 1-2
Month 1-2
Client signs CI Retainer Agreement and pays the retainer invoice.
File ready for submission. Payment of Government Processing Fees, Due Diligence, Citizenship Application, and Passport Fees. The client pays the Submission invoice of CI Professional Fees.
Month 3
Month 3
Due Diligence results are ready and Citizenship approval is issued.
In the case of Donation, GSA or Real Estate the applicable financial contribution is payable to the Escrow Account in Grenada.
The client pays the Approval invoice of CI Professional Fees.
Month 4
Month 4
Citizenship Certificates are issued and Citizenship Invest obtains the passports.
Passports are delivered to the client in their home country.
The time estimated to receive the citizenship approval is based on the Government's due diligence processing time and is not guaranteed*
Visa Free
Grenada
Visa Free Access
Visa on arrival
122 VISA-FREE TRAVEL COUNTRIES
AMERICAS
Antigua and Barbuda
Argentina
Belize
Bolivia*
Bahamas
Barbados
Brazil
Cuba
Chile
Colombia
Costa Rica
Dominica
Dominican Republic
Ecuador
Guyana
Haiti
Jamaica
Nicaragua*
Panama
Paraguay
St Kitts and Nevis
Saint Lucia
St Vincent and the Grenadines
Suriname
Trinidad and Tobago
Uruguay
Venezuela
EUROPE
Andorra
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland (Rep.)
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Monaco
Montenegro
Netherlands
Norway
Poland
Portugal
Romania
Russia
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
United Kingdom
Ukraine
Vatican City
AFRICA
Botswana
Cape Verde*
Comoros*
Djibouti*
Egypt*
Gambia
Guinea-Bissau*
Kenya
Lesotho
Madagascar*
Malawi
Mauritania*
Mauritius
Mozambique*
Senegal
Somalia
Swaziland
Tanzania
Togo*
Uganda
Zambia
Zimbabwe
ASIA
Armenia*
Bangladesh
Cambodia*
China
Iran*
Indonesia
Israel
Jordan*
Laos*
Malaysia
Maldives*
Nepal*
Palestinian Territories
Philippines
Seychelles*
Sri Lanka
Singapore
South Korea
Timor-Leste*
United Arab Emirates
OCEANIA
Fiji
The Federated States of Micronesia
Kiribati
Palau*
Samoa*
Solomon Islands*
Tuvalu*
Vanuatu
E-VISA COUNTRIES
Australia (e600 visa)
Bahrain
Gabon
Georgia
India
Turkey
* Visa on arrival
The list of countries is subject to variations depending on each government's policy and so is access to these countries.
General info
Grenada is a cluster of islands consisting of the main island (Grenada) as well as six smaller islands in the southeastern Caribbean Sea. Grenada is famous for its spice trading business and it is beautifully known for its breathtaking natural beauty and idyllic beaches. The 344 square kilometers island is home to an estimated population of 110,000 people. Grenada’s second passport citizenship program offers personal freedom, family security and visa-free entry to 120 countries. It is the only Caribbean country that allows visa-free travel to China in addition to all Schengen countries. Plenty of investors consider Grenada’s citizenship as a premium option as it provides additional benefits on investment amount.
Grenada citizenship program allows citizens to apply for USA E-2 Investor Visa making it the only citizenship by Investment program which signed a Commerce and Navigation Treaty with the United States of America.
Grenada’s second passport and citizenship program is a well-established and very trusted Citizenship by Investment Program. Worldwide investors have invested in this Grenada’s second passport given its many benefits of visa-free travel, preservation of wealth and passport reputation.
To know more about investing in Grenada’s second passport and dual citizenship program, please contact us or send a call back request and one of our specialists will contact you to discuss all your needs.