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Grenada Citizenship by Investment Program:
The Definitive Guide

Government program. Investment from $150,000. Citizenship for the whole family

Welcome to the definitive guide about Grenada’s citizenship by investment program. If you are looking into obtaining a second citizenship through investment without the need of physically residing or obtaining a permanent residency beforehand; Grenada is the best option for you!

The commonwealth country is one of the Caribbean’s most beautiful islands, known as the spice island, and it has one of the best passports in the world, which you can obtain through venturing in great investment opportunities. We will be taking you through the basics like why people get Grenada citizenship, details about Grenada citizenship by investment program, the required investments, the steps, and more. So let’s get cracking!

Benefits of Grenadian citizenship

Getting dual nationality is full-packed with life-altering benefits, the Grenada citizenship benefits, however, are more due to the nature of its citizenship by investment program and the ease of getting the Grenada passport. While the term benefits can be objective to meet any given person’s needs, there are some major benefits that everyone agrees on; the main of which are:

  • Enhanced global mobility – The Grenada second passport grants its holder visa-free access to 144 destinations worldwide including the Schengen Area, Russia, UK, and China; it is ranked as the 33rd most powerful passport in the world.
  • Favorable tax scheme – Grenada citizens enjoy a lax tax regime. Those who get Grenada investment citizenship are not subject to worldwide income tax, inheritance tax, or net wealth tax.
  • Simple, and quick, process – The Grenada passport requirements are quite simple and straightforward, and there is no need for immigration to Grenada or Grenada residency prior to applying. An investor and their families can get citizenship by investment in Grenada in approximately three months. Everything is made very simple.
  • Adding family members – The Grenada citizenship by investment program allows investors to add family members such as their spouse, dependent children below the age of 30, dependent parents & grandparents, and dependent unmarried siblings above 18 years of age.
  • Access to the United States of America – Grenada citizens are eligible under a treaty with the US to obtain a USA E2 visa. Only a handful of countries around the globe are eligible to apply for an E2 under the E2 treaty.

Visa-free map for grenadian citizens

grenada - visa-free map

Information about Grenada citizenship by investment program

Grenada offers its citizenship to investors who possess the net worth to invest in Grenada and have a clean criminal background. Grenada’s citizenship by investment program (Grenada CIP) does not come with any Grenada immigration requirements and is handled by a specialized unit of the Grenada immigration department dubbed the Grenada Citizenship by Investment Committee.

To obtain Grenada citizenship applicants must choose a Grenada authorized marketing agent and work their files through them. An applicant can check for authorized certification of any marketing agent on Grenada’s official website.

Grenada citizenship by investment (Grenada CBI) can be obtained through two different types of investments; contributing directly to the government’s National Transformation Fund (NTF) or by purchasing government-approved real estate property in the Caribbean country normally in the form of shares in five-star resorts. Let’s take a closer look at the investment options.

Investment options for obtaining citizenship of Grenada and Prices

The Grenada citizenship cost depends on which investment option you choose to pursue, as there are two investment options, either the NTF or estate. The two options have differing investment amounts so let’s take a look at the investment opportunities available for obtaining the citizenship of Grenada.

National Transformation Fund (NTF)

Individuals wishing to invest in the NTF only have to donate to the fund and that is about it. Easy simple, and elegant. The Grenada passport price under the NTF option looks like this:

NTF DONATION Individual Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 150,000 USD 200,000 USD 200,000 USD 200,000 plus USD 25,000 per additional dependant
after the third dependant

There are other fees associated with the application such as processing fees, application fees, and due diligence fees that depend on the family composition. To know more about how much an NTF contribution will cost you use our dedicated calculator here.

Real Estate

The Grenada passport cost through purchasing real estate is a minimum of USD 350,000 in addition to a smaller contribution amount and the aforementioned processing, application, and due diligence fees. An applicant can resell their property after five years of getting their citizenship, making this a great option for those who want to recoup the bulk of their investment amount.

The breakdown of the investment amount for the real estate option is as shown below:

NTF DONATION Individual Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 350,000 USD 350,000 USD 350,000 USD 350,000
Government Fee USD 50,000 USD 50,000 USD 50,000 USD 50,000 and USD 25,000 per additional dependant
after the third dependant

Grenada also allows for people or corporations to sponsor an applicant’s application to the Grenada citizenship by investment programme. The sponsoring person or entity will have to undergo due diligence as a result, but this opens doors for people who are in countries with limited financial mobility to apply for the Grenada passport more easily.

Step-by-Step Application Process

Let’s take a look at the process of applying for a Grenada passport and citizenship under the Grenada CIP.

First of all, the timeframe for Grenada citizenship by investment program is relatively short and most investors and their family members obtain citizenship within 3-6 months of filing their application. As for the steps themselves they are quite simple and streamlined, making the Grenada citizenship application one of the easiest in the world.

The steps of the Grenada passport application are:

  1. Finding and choosing an authorized international marketing agent such as Migronis. Once you sign with an international marketing agent they will be responsible for preparing your file and submitting it on your behalf.
  2. Choosing an investment option, the international marketing agent you have chosen can help you choose the investment option that works best for you. In the case of real estate, the international marketing agent can show you approved real estate projects and advise you on which one can provide you with the best return on your investment.
  3. Gather documents and submit the application. Once you have chosen your investment amount you, along with the international marketing agent, begin compiling your application. Once you have gathered all the documentation the international marketing agent compiles them into a file and helps you fill out all the required forms; after which they submit the application on your behalf.
  4. Due diligence. Once the file is submitted to the office of the Grenada Citizenship by Investment Committee the due diligence process will begin. This is the longest stage of the Grenada passport application process and may take up to several weeks. Your international marketing agent will have the responsibility of liaisoning with the Grenada government in order to follow up on the file.
  5. Receive approval and transfer investment amount. Once the approval, which is a matter that the Grenada government has its rights reserved in deciding, is granted by the Grenadian Citizenship by Investment Committee the applicant transfers the investment amount and receives the Grenada passport and the Grenada citizenship.

Simple, elegant, and quick. Getting a Commonwealth second passport has never been

What does the Grenada passport cost?

Other than the investment amount there are certain fees associated with the Grenada citizenship by investment program. These fees differ depending on the family composition and the age of dependents. The added fees are:

  • Processing fees
  • Application fees
  • Due diligence fees

Other than that the only fees applicable are disbursements such as translation, bank wiring fees, and administrative fees if required. So let’s take a look at the entire breakdown of the investment amount and government-mandated fees of the Grenada CIP.

Fees and costs

In the tables below we will break down the entire Grenada passport cost by both National Transformation Fund and Real Estate options, so let’s take a gander:

Contribution to the National Transformation Fund option

NTF

Individual Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 150,000 USD 200,000 USD 200,000 USD 200,000 plus USD 25,000 per additional dependant
after the third dependant
Application Fee USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person
Due Diligence Fee USD 5,000 USD 5,000 per person Dependent child 0 – 16 - No fees
Dependent above 16 - USD 5,000 per person
Dependent child 0 – 16 - No fees
Dependent above 16 - USD 5,000 per person
Processing Fee USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Real Estate Option

REAL STATE OPTION Single Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 350,000 USD 350,000 USD 350,000 USD 350,000
Government Fee USD 50,000 USD 50,000 USD 50,000 USD 50,000 and USD 25,000 per additional dependant
after the third dependant
Application Fee USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person
Due Diligence Fee USD 5,000 USD 5,000 per person Dependent child 0 – 16 - No fees
Dependent above 16 - USD 5,000 per person
Dependent child 0 – 16 - No fees
Dependent above 16 - USD 5,000 per person
Processing Fee USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Citizens of which countries cannot get a passport or can but with restrictions

Many citizenship by investment programs have lists of ineligible nationalities. Grenada, on the other hand, does not restrict any nationalities or citizens of certain territories from applying to its CIP. Politically exposed people can also apply to the program but additional documentation is required.

The journey to obtaining Grenada citizenship and becoming a global citizen is very simple, all you need to do is contact us today.

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Frequently Asked Questions & Answers

How to get Grenada citizenship?

To get a Grenada second citizenship all you have to do is apply to its citizenship by investment program. You can get the passport by investing in the government’s National Transformation Fund or by purchasing government-approved real estate developments.

Can I immigrate to Grenada?

Yes. When you get your Grenadian citizenship and passport you can immigrate to Grenada and live there as a citizen of the country. You can reside anywhere in the country from St. George’s or on a secluded sandy beach.

How do I apply for a Grenada passport?

The process of applying for a Grenada passport through investment is very simple.

Do I need to visit Grenada for the application process?

No, there is no need to visit Grenada, hold Grenada residency, hold Grenada permanent residency, or conduct any immigration to Grenada in order to apply for the Grenada CBI.

How long does it take to get a Grenada passport?

The timeframe for Grenada citizenship by investment program is usually between 3-6 months from the date of application.

Is dual citizenship allowed in Grenada?

Yes. The citizenship ACT in Grenada allows for dual citizenship.

Are there any restrictions on who can apply?

There are no restrictions on any nationalities and anyone aged above 18 with the means to invest and a clean background can apply.

How long is the validity of a passport?

The Grenada passport is valid for 5 years and is the passport renewal is for the same period perpetually.

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