Grenada
Citizenship-by-Investment Program
Grenada is an independent Commonwealth country in the south-eastern Caribbean. It is one of the most attractive tourism destinations in the area. The Grenada CBI requires applicants to make a defined economic contribution to the country through the National Transformation Fund (NTF), or a Government-approved real estate project.
In exchange, and subject to a stringent due diligence process, applicants and their families can become citizens of Grenada, and obtain the country’s passport within three to six months. Grenadian citizens enjoy visa-free travel to 142 countries, Europe’s Schengen Area, UK, China, Russia, Singapore, Hong Kong.
Official Name: Grenada
Capital: St. George’s
Official Language: English
Surface Area: 344 sq km
Population: 113,094 (July 2020 est.)
GDP: $1.634 Billion (2017 est.)
GDP per Capita: $15,100 (2017 est.)
HP Passport Index: Ranked 35th with 142 destinations visa-free access
Member of: Caribbean Community (CARICOM) and the Commonwealth of Nations
Benefits
Competitive pricing structure and strong value proposition
Full citizenship with passport rights for all applicants
Visa-free access to 142 destinations, including all the countries in Europe’s Schengen Area, UK, China, Russia, Singapore, Hong Kong and other countries
US E-2 Investor Visa: establish a business in the US and live, work together with your spouse and educate your children in the US
Dependent children up to 30 years of age and parents (of either the main applicant or the spouse) from 55 years of age can be included
No physical stay requirement
Transferable citizenship to future generations without restrictions
Requirements
1
National Transformation Fund (NTF) contribution: A minimum non-refundable contribution to the NTF startingfrom EUR 150,000 for a single applicant; or
2
Real Estate investment in one of the government approved properties starting from USD 220,000 with an investment holding period of 5 years
3
Applicants must be free from criminal record, fraud, malpractice, financial fraud or indemnities and be in good health.
Process
The process takes 3 to 6 months from the day the citizenship application is submitted to the day the passport is issued. Each application is vetted by Grenada’s Citizenship by Investment Committee (CBIC) through a strict due diligence background check. If the application is successful, the CBIC issues a letter instructing the applicant to either make the contribution (for the NTF option) or complete the purchase of his or her real estate. Upon receiving proofof payment/investment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship. No interview, education, language test or management experience are required for a successful application process.
Costs
The following cost layout gives you an overview of the estimated investment amounts and application costs excluding the Bellevue Zurich service fees and other third-party fees. Kindly contact us to receive a personalized quote. Following numbers are in USD.
Single
Applicant
Couple
Family of
Four
Family over
Four
National Transformation Found (Donation) or;
– 150,000
Processing Fees
– 1,500
Real Estate Investment
– Minimum 220,000
Application fee and passport fee
– 1500 and 270
Government Fees (only applicable and additional to real estate investment)
– 50,000
Due Diligence Fee
– 5,000
National Transformation Fund (Donation) or;
– 200,000
Processing Fees
– 1,500 per person
Real Estate Investment
– Minimum 220,000
Application fee and passport fee
– 1500 per person and 270 per person
Government Fee (only applicable and additional to real estate investment)
– 50,000
Due Diligence Fee
– 5,000 per person
National Transformation Fund (Donation) or;
– 200,000
Processing Fees
– 1,500 per person aged 18 and above
– 500 for applicants under 18
Real Estate Investment
– Minimum 220,000
Application fee and passport fee
– 1500 per person and 270 per person
Government Fees (only applicable to real estate investment)
– 50,000
Due Diligence Fee
– Not applicable for applicants from 0 – 16 years
– 5,000 (main applicant)
– 5,000 (spouse)
– 5,000 (dependent child 17 – 25 years)
National Transformation Fund (Donation) or;
– 200,000 plus USD 25,000 per additional dependent after the third dependent
Processing Fees
– 1,500 per person aged 18 or above
– 500 for applicants under 18
Real Estate Investment
– Minimum 220,000
Application fee and passport fee
– 1450 per person
Government Fee (only applicable and additional to real estate investment)
– 50,000 and 25,000 per additional dependent after the third dependent
Due Diligence Fee
– Not applicable for applicants from 0 – 16 years
– 5,000 (main applicant)
– 5,000 (spouse)
– 5,000 (dependent child 17 – 25 years)
Important Points to Consider
After obtaining the Grenadian citizenship you have the opportunity to apply for the E-2 investor visa that allows you and your family to enter and work in the USA based on an investment into an active business you own and control in the USA.
For business people or private travelers who frequently travel to China or Russia, the Grenadian passport is a unique tool that allows you to access China and Russia without going through long and complicated visa application procedures. All of the above information is available in detail on the Grenadian authorities website and this information is not intended to be immigration advice.
All of the above information is available in detail on the Dominican authorities website and this information is not intended to be immigration advice.
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We are pleased to know more about your plans to obtain a second citizenship or residence permit. Our personalized Initial Private Consultation is free of charge and gives you valuable insights about the unique solutions and a personalized value proposition.
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