Grenada: Citizenship by Investment
Get citizenship in Grenada with a minimum investment of $150,000.
Benefits
- Bring family
- 0% offshore income tax
- 0% wealth, gift, inheritance, or capital gains tax
- Eligible for US E-2 visa
- Passport power: #44 on HPI
- No interview or residency required
Introduction
Grenada offers citizenship to investors in their National Transformation Fund or real estate investors, as well as their families. This Citizenship by Investment program is the only one in the Caribbean that offers citizens potential access to the USA through the E-2 non-immigrant visa. Investors are not required to travel to Grenada to interview or live.
Called the “Isle of Spice,” Grenada is a stable, safe country with 0% taxes on offshore income, wealth, capital gains, inheritance, and gifts. The three islands of Grenada have only recently become international tourist destinations, so Grenada still offers residents unspoiled mountains, jungles, and beaches to explore. Grenada is a member of the Commonwealth of Nations.
Internet Speed
Fixed broadband: 53.14 Mbps download/19.95 Mbps upload.
Cost of living
No. 48 globally.
Requirements
$150,000 invested in National Transformation Fund for a single applicant ($200,000 for a family of 4, plus $25,000 for each additional dependent)
Or
$350,000 invested in real estate
Or
$220,000 invested in approved government real estate development project
Fees
- $1,500 application fee per person
- $5,000 due diligence fee per adult over 17 years old
- $1,500 processing fee for each adult over 17 years old
- $500 processing fee for each child under 17 years old
- Real estate investors pay an additional government fee of $50,000 for a family of 4 (plus $25,000 for each additional dependent).
Application Process
Apply through an approved, licensed agent. They will refer you to an authorized local agent. You are not permitted to contact a local agent on your own, but check this list for informational purposes.
Your agent will help you fill out the forms, gather and legalize your documents, and complete a medical exam.
If you are making a real estate investment, your agent will help you obtain a sale and purchase agreement.
Your agent will submit your application to the Executive Office of the CBIC and communicate with them on your behalf.
You do not need to attend an interview.
The CBIC will do a due diligence check and make a recommendation to the Minister. Your agent will be informed as to your application’s acceptance or rejection.
If your application is accepted, you will make the donation to the NTF or complete your real estate purchase. Your agent sends proof of your investment to the CBIC.
The CBIC issues your agent a certificate of registration verifying that you are a citizen of Grenada. Your agent can then apply for your passport.
This citizenship takes 3-4 months to process.
Documents Required
Documents required can include:
- Application forms
- Passports for all applicants
- Fingerprints
- Medical certificate
- Proof of family relationships, such as marriage and birth certificates
- Proof of employment, income, and funds
- Documents related to investment in NTF or real estate
Other documents may be requested. Documents should be submitted in English and legalized according to your agent’s instructions.