Grenada is a beautiful country consisting of seven islands in the Caribbean, of which it is the largest. Famous for its post-card natural beauty, pristine beaches, breath-taking waterfalls and tropical landscapes – it’s no surprise, tourism takes pride of the place among the country’s top industries.

A peaceful and politically stable state, Grenada is home to thousands of expatriates and second passport holders. It attracts a large number of High Net Worth Individuals (HNWI) due to its excellent financial system with many international banks. Grenada is also home to a number of top international universities.

Grenada’s Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.

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• MINIMUM INVESTMENT - USD 150,000

• PROCESSING TIME - 3 to 4 MONTHS

• KEY RESIDENCY BENEFIT - Visa Free Travel to Grenada, China, Russia, Singapore, the UK, and Europe’s Schengen Area, amongst others

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About Grenada

Grenada is located in the Caribbean Sea, towards the southern end of the Grenadines island chain. The West Indies sovereign state consists of Grenada and six smaller islands to the north of the main island.

Grenada is renowned for its production of nutmeg and mace crops. The country is known as the “Island of Spice” due to large amounts of spice that it exports.

The Caribbean island has no shortage of unspoilt white-sand beaches and luxurious beachfront resorts.

Obtaining a Grenada passport stands amongst one of the most hassle-free avenues for anyone looking to explore citizenship by investment programmes. There are many advantages to this option; but first, let’s explore some facts on the country itself.

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Benefits of Citizenship in Grenada

Government

Economically, legally and socially stable country which is part of the Commonwealth realm, with a democracy based on the British parliamentary system.

Visa treaties

Grenada is the only Caribbean country that has a treaty with the USA. By obtaining a local passport, you are eligible for the US E2 non-immigrant visa, plus visa-free travel to China.

No travel requirements

As beautiful as it is, there is no need to travel to Grenada to obtain citizenship. The whole application, from beginning to end, can be done remotely.

Visa-free travel

A Grenada passport by Investment Programme allows you to travel to 142 countries visa-free. This includes the UK, all of Europe, Hong Kong, and Singapore.

Citizenship inheritance

Once citizenship is granted, it is irrevocable and can be passed down for generations.

Tax benefits

Grenada offers a very favourable tax regime. By obtaining a Grenada passport and gaining citizenship, you will not pay capital gains, no inheritance tax, net wealth/net worth tax.

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Grenada Facts

Obtaining a Grenada passport stands amongst one of the most hassle-free avenues for anyone looking to explore citizenship by investment programmes. There are many advantages to this option; but first, let’s explore some facts on the country itself.

Population

Grenada has a population of about 111,454 over an area of 348 km2. The density of Grenada is 319 people per km2.

Currency

Like all of the Organisation of Eastern Caribbean States (OECS), Grenada’s currency is the Eastern Caribbean Dollar (XCD). The island’s current is set at a fixed rate to the USD = 2.7 XCD.

Capital City

The capital of Grenada is St George’s, it is also the islands biggest city, with an estimated population of 34,000.

Languages

English is the country’s official language. Grenadian Creole English and Grenadian Creole French are also spoken on the island.

Climate

Grenada has a tropical climate, meaning it is hot throughout the year. The average annual temperatures are usually around 28°C.

GDP

The GDP of Grenada represents less than 0.01% of the total world economy and is worth $1.21 billion.

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How to Obtain Grenadian Citizenship

Becoming a citizen of Grenada means that you can enjoy all the rights and privileges of citizenship of a Commonwealth country in the UK and other Commonwealth countries.

Grenada’s passport gives you access to more than 140 countries around the world, among them the UK and the Schengen countries. It is the only programme in the Caribbean that allows entry into China without the need for a visa.

The Grenadian passport enables you to obtain an E-2 visa that gives you the opportunity to enter, live and work in the United States of America. Approval is possible in less than 4 months with remote application, so there is no need to travel to Grenada.

By Donation

Donation of a minimum of $150,000 to the National Transformation Fund (NTF), or $200,000 for a family of up to four members. An extra donation of $25,000 is required for each additional dependent.

Investing in Real Estate

Independent investment in a government approved real estate project at a minimum value of $220,000 which must be held onto for a minimum of five years.