Grenada Citizenship by Investment

Grenada is one of the most popular island country of Caribbean Islands also known as Spice Isle or Island of Spice because of its production of nutmeg and mace crops and it is located in the northern side of Trinidad and Tobago between the Caribbean Sea and the Atlantic Ocean and is consisting of one main island called Grenada and six other smaller islands. Saint George's is the capital of Grenada. The Citizenship by Investment program of Grenada was started in 1997 and updated in the year 2013 through which senior managers, businessmen, investors, entrepreneurs, high-net-worth individuals and their families can get the Citizenship of Grenada by either donating to the government or investing in the real estate. Grenada is the only country of the Caribbean region whose Citizenship holders are eligible for E-2 Treaty Investor Visa of United States of America (USA). The holder of Grenadian passport can enjoy visa free or visa on arrival travel to over 115 countries including United Kingdom (UK), Hong Kong, China, Russia, European Union member countries and Schengen Zone member countries etc.

Processing Time: 2 to 6 months

Benefits of Citizenship of Grenada

The benefits of Grenada's Citizenship are mentioned below:

Travel freedom with visa free or visa on arrival travel to over 115 countries
Citizenship can be passed on to future generations
Eligible for E-2 Treaty Investor Visa of United States of America (USA)
Can live, study and work in Grenada without any restriction
Can hold dual citizenship without any restriction
No travel or residency requirement before and after getting the citizenship
No tax on foreign income, wealth, gift, inheritance and capital gains
Can get corporate tax incentives and tax relief benefits
Can get full exemption from import duties
Can get export allowance
Duty free trading in the caribbean region

Basic Requirements for acquiring a Citizenship of Grenada

Requirements which an applicant needs to fulfill in order to get a Citizenship of Grenada are mentioned below:

An applicant

should be at least 18 years of age
should be of good character and have no criminal record
should undergo the due diligence checks and get a positive outcome
must have a high personal net worth
must be able to verify the sources of investment
should have good health

There are two options by which an individual can acquire a Citizenship of Grenada. First one is by donating to the government of Grenada through National Transformation Fund (NTF) and the second one is by investing in the real estate.

National Transformation Fund (NTF)

Through this option an applicant can acquire a Citizenship of Grenada by donating US $ 150,000 to the government of Grenada.

Donation and Fees Requirements of Grenada's Citizenship

Mentioned below is the table highlighting the donation amount, application, due diligence and processing fee required for Grenada's Citizenship through National Transformation Fund (NTF) option.

Donation (Non-Refundable) and Fees Requirement
	Single Applicant	Main Applicant + Spouse	Family of 4 persons	Family over 4 persons
Donation Amount	US $ 150,000	US $ 200,000	US $ 200,000	US $ 200,000 For each additional dependent after the third dependent - US $ 25,000
Application Fee	US $ 1,500	US $ 1,500 per person	US $ 1,500 per person	US $ 1,500 per person
Due Diligence Fee	US $ 5,000	Main applicant - US $ 5,000 Spouse - US $ 5,000	Main applicant - US $ 5,000 Spouse - US $ 5,000 Dependent child between 0 to 16 years - no due diligence fee Dependent child between 17 to 25 years - US $ 5,000 per person	Main applicant - US $ 5,000 Spouse - US $ 5,000 Dependent child between 0 to 16 years - no due diligence fee Dependent child between 17 to 25 years - US $ 5,000 per person
Processing Fee	US $ 1,500	Main applicant - US $ 1,500 Spouse - US $ 1,500	Persons under 18 years - US $ 500 per person Person aged 18 and over - US $ 1,500 per person	Persons under 18 years - US $ 500 per person Person aged 18 and over - US $ 1,500 per person

Real Estate Investment

Through this option an applicant can acquire a Citizenship of Grenada by purchasing government approved real estate of at least US $ 220,000. This real estate property should be held for at least 3 years from the date of grant of citizenship by the government of Grenada.

Investment and Fees Requirements of Grenada's Citizenship

Mentioned below is the table highlighting the investment amount, government, application, due diligence and processing fee required for Grenada's Citizenship through Real Estate Investment option.

Real Estate Investment and Fees Requirement
	Single Applicant	Main Applicant + Spouse	Family of 4 persons	Family over 4 persons
Investment Amount	US $ 220,000 or US $ 350,000	US $ 220,000 or US $ 350,000	US $ 220,000 or US $ 350,000	US $ 220,000 or US $ 350,000
Government Fee	US $ 50,000	US $ 50,000	US $ 50,000	US $ 50,000 For each additional dependent after the third dependent - US $ 25,000
Application Fee	US $ 1,500	US $ 1,500 per person	US $ 1,500 per person	US $ 1,500 per person
Due Diligence Fee	US $ 5,000	Main applicant - US $ 5,000 Spouse - US $ 5,000	Main applicant - US $ 5,000 Spouse - US $ 5,000 Dependent child between 0 to 16 years - no due diligence fee Dependent child between 17 to 25 years - US $ 5,000 per person	Main applicant - US $ 5,000 Spouse - US $ 5,000 Dependent child between 0 to 16 years - no due diligence fee Dependent child between 17 to 25 years - US $ 5,000 per person
Processing Fee	US $ 1,500	Main applicant - US $ 1,500 Spouse - US $ 1,500	Persons under 18 years - US $ 500 per person Persons aged 18 and over - US $ 1,500 per person	Persons under 18 years - US $ 500 per person Persons aged 18 and over - US $ 1,500 per person