A small Caribbean island, known for its natural beauty, rich heritage, and spices that the whole world enjoys, Grenada is also a stable and inclusive member of the Commonwealth, CARICOM, and OECS. Here, you will find not only a high quality of life but also a strong democracy and a friendly business environment.
The jurisdiction welcomes foreign investors with its citizenship- by-investment program. This scheme grants them Grenadian citizenship together with the country’s passport in return for significant investments in the national economy.
Among the best in the Caribbean, the passport of Grenada allows visa-free travel to over 140 countries, including the UK, the EU, and China. With it, you can apply for the E-2 visa, which lets investors live and work in the US.
Benefits that come with a Grenada passport
Obtaining Grenada nationality comes with multiple benefits for investors:
- Visa-Free Travel: Grenada passport holders travel to over 140 countries without a visa, including the UK, the EU, and China. This allows them to enjoy greater freedom of movement, save time and money on visa applications, and access new markets and opportunities.
- US E-2 Visa: Grenada is one of the few countries that has a treaty with the US allowing its nationals to apply for the E-2 visa. The latter is a non-immigrant visa that grants benefits to those who need to visit the US for business purposes. What is more, individuals who have obtained the Grenada passport may also opt to live in the US together with their family provided that the business is still operating in the applicant’s name. The E-2 visa is valid for 5 years and may be renewed.
- Tax Optimization: With no income, capital gains, wealth, inheritance, or foreign income tax for non-residents, Grenada boasts a favorable tax regime. This means that Grenada nationals enjoy an opportunity to reduce their tax burden and protect assets from excessive taxation.
- Security and Stability: The nation offers a safe and stable environment for investors and their families. Grenada has a low crime rate, a high human development index, lots of respect for human rights and the rule of law. Here, you will benefit from a stable political system, with a parliamentary democracy and a constitutional monarchy.
- Living Standards: Offering access to excellent healthcare, education, infrastructure, and natural resources, Grenada comes with high living standards. It boasts a warm tropical climate and a rich culture, whose members are all friendly and hospitable people.
Grenada passport: here’s what you should do to obtain it
To get your Grenadian passport via the nation’s citizenship by investment program, the main applicant must satisfy these criteria:
- Be at least 18 years of age.
- Have a clean criminal record.
- Be of good moral character.
- Be able to verify their source of funds.
- Make a qualifying investment in Grenada.
If they wish, the main applicant may include their spouse, children under 30 years of age, parents and grandparents aged 55 or above, and/or siblings under 18 in the application for Grenada CBI. These people are all eligible applicants provided they have a clean criminal record, boast good health, are of good moral character, and financially dependent on the main applicant.
From start to finish: your guide to obtaining Grenada nationality via an investment route
Here are the steps you must follow to obtain Grenada nationality via its citizenship by investment program:
- Choose a Legal Representative: The applicant must select a licensed agent to act on their behalf in the application process. This agent will offer information, guidance, and support to the applicant at every stage of the said procedure.
- Pick an Investment Option: At this stage, you are to choose one of the two investment options available. It may be either a donation to the National Transformation Fund (NTF) or a purchase of approved real estate. Please pay attention to the minimum investment amounts:
- NTF Donation: USD 150,000 for a single applicant or USD 200,000 for a family of up to four members, plus USD 25,000 for each additional dependent.
- Real Estate Purchase: USD 220,000 for a share of approved real estate or USD 350,000 for full ownership of approved real estate, plus USD 50,000 for the main applicant and up to three dependents, and USD 25,000 for each additional dependent.
- Prepare and Submit the Application: Here comes the time for you to prepare and submit your application form together with the required documents, including your passport copy, birth certificate, marriage certificate (if applicable), police certificate, clean bill of health, proof of education (if applicable), proof of employment (if any), proof of your source of funds, proof of investment, passport photos, and the document confirming you have paid the corresponding application fee.
Currently, the application fee stands at USD 1,500 for the main applicant and each dependent above 18 years, and USD 500 for each dependent under 18. Please note that the said charge is non-refundable.
- Undergo Due Diligence: The applicant and the dependents must undergo a thorough background check by the government of Grenada and an independent due diligence firm. Be prepared to pay USD 5,000 for the main applicant and each dependent older than 16. Again, this due diligence fee is non-refundable.
- Receive Your Approval Letter: Once your papers have been processed, you will receive a letter from the government of Grenada informing you of the application outcome. The approval letter will be issued within 60 to 90 days of the application submission, subject to the completion of the due diligence process.
Beyond the Caribbean with International Wealth
Certainly, with all the complexities of the modern world, it is hardly surprising that your citizenship-by-investment opportunities are by far not limited to the Caribbean region or Grenada alone. Nations often offer special limited-time deals to attract wealthy customers. At International Wealth, we monitor the latest trends in the investment immigration industry to help you choose the best programs and bonuses.
We ensure your privacy let alone fast and efficient service. Reach out to International Wealth experts to save money and avoid risks when selecting your second citizenship or applying for it. Remember, your bright future in a safe country awaits!