Program Overview

A citizenship by investment program (“CBI”) is offered by a nation's government and is commonly called economic citizenship. By making an investment in a country’s fund or an approved real estate project, the investor may be eligible for citizenship in that country. This citizenship provides flexibility, mobility and security. By obtaining economic citizenship, and a second passport, the investor will have more options and freedom to travel.

Grenada is an island nation in the Caribbean, located in the West Indies. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. This English speaking country obtained independence from the UK in 1974 and is part of the Commonwealth. Grenada has a population of c.107, 000 and boasts a 98% literacy rate. This island has a land area of c.134 sq mi. The GDP of Grenada is c.US $1.12 billion and the currency, the East Caribbean Dollar, maintains a fixed exchange rate of 2.7 to the US Dollar. Grenada enjoys a politically stable government.

Grenada's CBI Program is one of the most sought-after in the world given the Program’s unique benefits. The Program permits dual citizenship and is strictly governed by state laws and regulations. Grenada is the only Caribbean CBI Program that allows citizens the opportunity to participate in the US E-2 Program (allowing investors to invest and reside in the United States). Grenada’s CBI Program has the widest travel benefits when compared with its Caribbean peers - including, visa free travel to China. Grenada's CBI program has been specifically designed to cater to families. Siblings (unmarried and without children) of the main applicant and his spouse, children below the age of 30 (there is no educational requirement), and parents can also be added to an application.

Routes To Citizenship: Contribution or Investment

Applicants can choose between two potential routes for citizenship.
These are:

• A contribution to the National Transformation Fund of US$ 150,000; or
• An investment in an approved project (real estate) in Grenada of US$ 300,000.

The National Transformation Fund (NTF)

The National Transformation Fund (NTF) is a Government fund responsible for financing projects that will benefit Grenada’s economy and help its diversification. Applicants who choose this route must make a one-time contribution to the NTF. Under the NTF route, applicants may either immediately apply for citizenship, or first apply for permanent residence and apply for citizenship at a later stage.

Approved Project (Real Estate) In Grenada

The process of approving a project for the purposes of citizenship by investment begins with the Citizenship by Investment Committee, which reviews viable projects and recommends them to the Minister. The Minister then decides whether to approve the project, and publishes his or her approval in the Gazette. Currently, the vast majority of approved project consists of real estate developments on the island of Grenada. These include luxury hotels, resorts, and villas.

Eligibility Criteria

PlanMyMigration is a leading CBI investment advisory firm. We have successfully assisted thousands of families in navigating through the CBI program. To qualify for the Program, we list below the principal requirements.

The main applicant must demonstrate that he or she:

• Is at least eighteen years old;
• Is in good health; and
• Has enough funds to make the required investment. The source of these funds must be legal.
• In order to ensure that the requirements listed above are fully adhered to, the Government of Grenada subjects each applicant to strict due diligence procedures.
• Moreover, each applicant must supplement his or her application with supporting documents. These include, but are not limited to, original or certified copies of: A certificate by a medical practitioner, indicating that the main applicant and his or her applying family members are not suffering from any communicable disease and that they are otherwise in good health; and A police certificate.

CBI Program Benefits

1. Citizenship is for life for the investor, spouse, children, parents and siblings.

2. Citizenship is passed down through generations.

3. Applicants are not required to visit or reside in Grenada.

4. Grenada's passports are issued within approximately 90 to 120 days of filing an application.

5. Grenada is a tax-efficient jurisdiction.

6. Citizens of Grenada may travel visa-free to more than 130 countries, including the United Kingdom, Russia, China, Schengen European countries and most British Commonwealth countries.

7. Citizenship includes full residency status and the right to work in Grenada.

8. Dual citizenship is permitted without any requirement to notify the applicant’s home country subject to local laws in their country .

9. Exit options provide the ability to realize capital gain on the investment aer a 5-year holding period.