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GRENADA

CITIZENSHIP BY INVESTMENT
GOVERNMENT AUTHORIZED FIRM

Overview

The Grenada Citizenship by Investment Program was launched in August 2013. The program of Grenada is the only Caribbean program with visa free access to China and the option to apply for E-2 USA ‘Investor Visa’ to reside in the United States. Grenada citizenship applicants obtain an irrevocable citizenship and passport without having to reside in the country or renounce their current nationality.

  • icon Processing time

    5 months

  • icon Visa free travel

    Instant visa-free travel to 144 countries, including the Schengen countries, China, United Kingdom, Singapore and Hong Kong

  • icon Investment type

    Contribution to Grenada’s Government or Investment in Grenada’s Government Approved Projects

  • icon Investment cost

    Contribution to Grenada’s National Transformation Fund (USD 150,000 for a single applicant) or Real Estate Investment (USD 200,000 for family of 4)

  • icon Family dependents

    Spouse, children below 30 years old, elderly parents above 55 years old and siblings 18 years and above

  • icon Passport validity

    Five (5) years

Citizenship law or Residency Law

Country Info

Grenada is an island country of the West Indies; it is a cluster of islands consisting of the main island (Grenada) as well as six smaller islands in the southeastern Caribbean Sea. Grenada gained independence in 1974 without breaking formal ties with the Commonwealth. It is famously known as the “Isle of Spice” for its spice trading business and it is beautifully known for its breathtaking natural beauty and idyllic beaches.

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.

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CAPITAL

Saint George's

POPULATION

111,219

LANGUAGE

English (official), French patois

EXCHANGE RATE

1 USD = 2.7 XCD

CURRENCY

East Caribbean dollars (XCD), tied to USD

GOVERNMENT TYPE

Parliamentary democracy (Parliament) and Commonwealth realm

Benefits

Costs

To be eligible for the citizenship of Grenada under its Citizenship by Investment Program, there are two options to choose from:

1. DONATION TO THE NATIONAL TRANSFORMATION FUND (NTF)

Non-refundable financial contribution to a Government fund. The cost varies depending on the number of applicants and their ages.

Single Applicant
USD 150,000
Family of up to 4 including main applicant
USD 200,000

2. REAL ESTATE INVESTMENT

Grenada Citizenship by Investment through one of the Government approved real estate projects which could be a freehold property with title deed; hotel shares; fractional ownership or land. The investment and real estate Government fees are payable once the citizenship is approved.

Minimum Investment (must hold for approximately 3 years or longer depending on the stipulations of each project)
USD 200,000
GOVERNMENT FEES

In addition to the purchase of real estate, there are Government fees to be paid.

Family of up to 4 including main applicant spouse and dependents below 30 years)
USD 50,000
Government fees for additional family member (below 30 years)
USD 25,000
Additional unmarried sibling
USD 25,000

DUE DILIGENCE & BACKGROUND CHECKS

Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.

Main Applicant
USD 5,000
Spouse
USD 5,000
Dependents aged 17 years to 29 including Parents above 55 years and Siblings above 18 years
USD 5,000

Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.

Required Documents

Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case, CitizenshipInvest prepares a personalized checklist.

Documents required from each applicant including children:
• Personal Information— Form 1
• Fingerprints — Form 2
• Particulars for the office of home affairs — Form 3
• Medical — Form 4
• Original HIV test results (for all applicants aged 12 or above)
• Passport Application Form
• Oath of Allegiance Form
• Certified copy of all passports held
• Original excerpt of full birth record or certified copy of full birth certificate with MOFA attestation (i.e. a birth document that also includes your parent’s details, or a household register, family book etc.).
• Original Police Record from country of birth, country of citizenship, country of residence (if different), and any country in which the applicant has resided for more than six (6) months in the past ten (10) years, for each applicant seventeen (17) years and over.
• Certified copy of all identity documents/books or cards
• Certified copy of all military service and discharge documents, if applicable (male applicant 18 years and above)
• Twelve (12) Original passport-size photos
• Proof of residential address (certified copy of lease agreement or original utility bill)
• Certified copy of university/college diplomas

Forms and documents required only from the main applicant:
• Approved project sales document (real estate option only)
• Employment status, wealth, and business affiliates — Form 5
• Investment Confirmation — Form 6
• Proof of Source of Funds
• One original bank reference letter issued by an internationally recognized bank, not older than 6 months.
• Original 12 months bank statements
• One original professional reference (e.g. from an attorney, notary public, chartered accountant or other professional of similar standing), not older than 6 months.
• One original Employment letter
• Detailed business background reports/resume/CV
• Original excerpt of marriage record or certified copy of marriage certificates with MOFA attestation (if applicable).
• Certified copy of divorce documents with MOFA attestation (if applicable)
For a personalized document checklist please contact us.

Timeline

MONTH 1-2

CI will pre-screen your passport for government pre-approval. A down payment for professional fees is payable to start your application.

CI professional team will assist and advise you with the collection of the documents required by the Government. Once the file is ready for submission, Government Processing Fees, Due Diligence and CI submission invoice are payable. CI submits your application.

MONTH 3-4

Due Diligence report is issued to the Government. Based on the results, the Government makes a decision on your Citizenship application. Once approved you are invited to pay the donation or investment.

MONTH 5

Citizenship Certificates and passports are issued. The balance of CI professional fee is paid.

The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.

GRENADA VISA FREE countries

* Visa on arrival

144Countries

AMERICAS
  • Argentina
    Belize
    Bermuda
    Bolivia *
    Brazil
    Chile
    Colombia
    Costa Rica
    Ecuador
    French Guiana
    Guyana
    Nicaragua *
    Panama
    Peru
    Suriname
    Uruguay
    Venezuela
EUROPE
  • Andorra
    Austria
    Belgium
    Bosnia and Herzegovina
    Bulgaria
    Croatia
    Cyprus
    Czech Republic
    Denmark
    Estonia
    Faroe Islands
    Finland
    France
    Germany
    Gibraltar
    Greece
    Greenland
    Hungary
    Iceland
    Ireland
    Italy
    Kosovo
    Latvia
    Liechtenstein
    Lithuania
    Luxembourg
    Malta
    Moldova
    Monaco
    Montenegro
    Netherlands
    Norway
    Poland
    Portugal
    Romania
    Russian Federation
    San Marino
    Serbia
    Slovakia
    Slovenia
    Spain
    Sweden
    Switzerland
    Ukraine
    United Kingdom
    Vatican City
AFRICA
  • Botswana
    Cape Verde Islands *
    Comores Islands *
    Egypt *
    Eswatini (Swaziland)
    Gambia
    Guinea-Bissau *
    Kenya
    Lesotho
    Madagascar *
    Malawi
    Mauritania *
    Mauritius
    Mayotte
    Mozambique *
    Rwanda *
    Senegal
    Seychelles *
    Sierra Leone *
    Somalia *
    St. Helena *
    Tanzania
    Togo *
    Uganda
    Zambia
    Zimbabwe
ASIA
  • Bangladesh
    Cambodia *
    China
    Hong Kong (SAR China)
    Indonesia
    Laos *
    Macao (SAR China)
    Malaysia
    Maldives *
    Nepal *
    Philippines
    Singapore
    South Korea
    Sri Lanka **
    Timor-Leste *
    Uzbekistan
E-VISA COUNTRIES
  • Australia (e600 visa)
    Bahrain
    Gabon
    Georgia
    India
    Turkey
Oceania
  • Cook Islands
    Fiji
    French Polynesia
    Kiribati
    Micronesia
    New Caledonia
    Niue
    Palau Islands *
    Samoa *
    Solomon Islands *
    Tuvalu *
    Vanuatu
Caribbean
  • Anguilla
    Antigua and Barbuda
    Aruba
    Bahamas
    Barbados
    Bonaire; St. Eustatius and Saba
    British Virgin Islands
    Cayman Islands
    Cuba
    Curacao
    Dominica
    Dominican Republic
    French West Indies
    Haiti
    Jamaica
    Montserrat
    St. Kitts and Nevis
    St. Lucia
    St. Maarten
    St. Vincent and the Grenadines
    Trinidad and Tobago
    Turks and Caicos Islands
Middle East
  • Armenia *
    Iran *
    Israel
    Jordan *
    Palestinian Territory

*The list of countries is subject to variations depending on each government's policy and so is access to these countries.

brochure

Content
  • Program Overview
  • Citizenship Law
  • Country profile
  • Benefits of the program
  • Applicants Qualifications
  • Investment requirements
  • Application Fees
  • Document Checklist
  • List of countries Visa free and on arrival
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8 pages3.89 MB
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