Legality
The Citizenship by Investment Programme came into being in 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.
Grenada is ranked 28th in the world, offers 68% world of the world within reach to its passport holders, and scores 135 in the world mobility score.
Investment Options
Citizenship by Investment of Grenada can be obtained by selecting one the two investment options.
NATIONAL TRANSFORMATION FUND
1
For a single applicant $150,000
For a family of four $200,000
REAL ESTATE
2
Purchase property valued at a minimum of $220,000
Eligibility
To qualify for citizenship, main applicant must meet the following criteria.
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Be of outstanding character.
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18 years or above of age
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Hold no criminal record.
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Have excellent health.
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Have a high personal net worth.
Eligible Dependent
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Spouse
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Children below 30yrs of age.
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Parents
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Siblings
Timeline
INITIAL CONSULTATION
Our Investment Migration Advisors will have detailed discussions with you to understand your need, the budget and goals, they will discuss pros and cons of the proposed CBI “Citizenship by Investment” programs.
ONBOARDING
Our Advisors will propose a program that suits your investments and is aligned with your goals (i.e., Global Mobility, Tax Planning, Asset Protection, Plan B etc.) and share detailed action plan that is carefully designed as per your individual situation. This includes complete costing (i.e., consultation fees, government fees, due diligence cost, application/processing fees etc.)
INITIAL DUE DILIGENCE
We collect basic documents and perform initial Due Diligence check to eliminate the risk of failure. In case if we find any risk involved that causes application rejection, we offer a suitable alternative or decline to proceed further with your consent.
COLLECTION OF DOCUMENTS
You sign the retainer, and our Investment Migration Advisors will assist you on obtaining the document(s) required as per concerned authority, dedicated staff will be assigned throughout the application process that will assist you on services (i.e., sourcing the property with higher returns, filling up the application form, legalizing/notarizing the documents etc.)
APPLICATION SUBMISSION
Complete application with legalized documents is submitted with the concern CIU “Citizenship by Investment Unit” along Due Diligence fees.
GOVERNMENT DECISSION
Upon clearance of the Due Diligence, the Government approves the application, and you are advised to proceed with required contribution or the investment as per selected investment route.
ISSUANCE OF PASSPORT
Upon funds transfer, the naturalization certificates and the passport(s) are issued.
Our services are not limited until you receive the required Citizenship and Passport, our after sales team remain in touch with you until your initial investment is returned depending on the investment route (i.e., Government approved real estate option, investment in Government approved bond etc.). We help you renew your second passport(s), assist you further in case of a lost passport or passport replacements in case if all pages have been used, and much more.
About Country
Grenada, known as the "Spice Isle" of the Caribbean, is a captivating island nation located in the southern Caribbean Sea. Grenada is famous for its spice production, particularly nutmeg, cloves, cinnamon, and ginger. The intoxicating scent of these spices fills the air, immersing visitors in a sensory journey. The island's fertile soil also supports the cultivation of tropical fruits, cocoa, and coffee.
Grenada's economy is driven by a combination of agriculture, tourism, and offshore financial services. The island's pristine beaches and clear waters make it a popular destination for snorkeling, diving, and sailing. Grand Anse Beach, with its powdery white sands, is considered one of the most beautiful beaches in the Caribbean.
Visa Free List
The list of countries can vary due to government policies, and access to these countries may be restricted or subject to changes.
FREQUENTLY ASKED QUESTIONS
WILL I BE REQUIRED TO TRAVEL TO GRENADA DURING THE PROCESS?
No, the applicant and their qualified dependents are not required to travel to Grenada during the application process.
WHAT IS THE MINIMUM CONTRIBUTION/INVESTMENT REQUIRED FOR THE CITIZENSHIP?
The lowest possible contribution/investment starts with a one-time non-refundable contribution of USD 150,000 plus other related fees in their NTF (NATIONAL TRANSFORMATION FUND) which is a is a non-profit and government approved fund.
WHAT ARE THE CONTRIBUTION/INVESTMENT OPTIONS?
Presently, there are two qualifying investments: -NTF (NATIONAL TRANSFORMATION FUND) which is a is a non-profit fund, starting with a one-time non-refundable contribution of USD 150,000 plus other related fees. -REAL ESTATE investments start with USD 220,000 plus other related fees.
HOW LONG DOES IT TAKES TO OBTAIN CITIZENSHIP IN GRENADA?
Normally it takes 3 to 6 months, however depending on each applicants own criteria the processing time may vary.
WHAT IS THE VALIDITY OF GRENADA PASSPORT?
The passport will be valid for a period of 5 years and will be considered for renewal. Passport holders are entitled to visit visa-free to over 140 countries and jurisdiction that includes Hong Kong, Singapore, UK. and the Schengen Area.
WHAT ARE THE ELIGIBILITY CRITERIA?
Principle applicant must be over 18 years of age or more, no criminal record or prosecution, can prove the source of funds are earned through legitimate source, is in good health, principal applicant can also include spouse, financial dependent children under the age of 30 years, parents of principle applicant or spouse financially dependent on principle applicant, siblings can also be included provided they are unmarried and financially dependent on principle applicant.
ARE THERE ANY NATIONALITIES RESTRICTED FROM APPLYING THE CITIZENSHIP?
Grenada does not explicitly restrict citizens of any nationality. However, as per current geopolitical situation citizens of Iran cannot apply for Grenada Citizenship by Investment program. For further details please contact one of our expert Investment Migration advisor.
CAN I CHANGE MY NAME ON THE NEW PASSPORT?
Yes, you can. Successful Citizenship by Investment applicants can change their name.
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