We discuss why you may benefit from a Grenada passport and the registration procedure.
144 visa-free countries can be visited with a Grenada passport. The Schengen arearnand the United Kingdom are among the visa-free destinations for Grenada passport holders. Grenada passport holders can stay in the Schengen states for up to 90 days in any six-month period, and in the UK, for up to 180 days a year.
China is another country that Grenadian citizens can visit without a visa, for up to 30 days a year, as the two countries have signed a special agreement.
Singapore and Hong Kong: Grenadian citizens can also travel to Singapore visa-free for up to 30 days a year, and Hong Kong, for up to 90 days a year.
How many days Grenadian passport holders can stay in the following countries without a visa
Schengen countries: up to 90 days in any six-month period UK: up to 180 days a year China: up to 30 days a year Singapore: up to 30 days a year Hong Kong: up to 90 days a year
The United States can be visited by Grenadian citizens with a 10-year B-1/B-2 tourist visa. With a Grenada passport, this visa can be obtained in two weeks due to a simplified procedure.
Living in the US with a Grenadian passport
Eligibility for an E-2 US visa is another reason to choose a Grenadian passport. This business visa is issued only to citizens of countries with which the United States has signed a special agreement. It is not available to citizens of countries that have not signed this agreement.
On an E-2 visa, holders can live and do business in the United States. The spouse and children of the main applicant can also live, study and work in the United States. There are no restrictions on entering and leaving the country.
The US E-2 visa with a Grenada passport offers the following benefits to the holder
Moving to the United States Doing business in the United States Educating their children in the United States The main applicant’s spouse can work in the United States
To get an E-2 visa in the US, you need to invest in a local business. The business can be your own or a franchise business. The investor must own at least 50% of the company or hold a management position in it. Although there is no minimum investment required by law, in our experience, the applicant needs to invest about $200,000.
Scholarships and concessions for education in the UK and the US
Grenada citizens can receive a first class education in the UK and the US on preferential terms, because Grenada has close historical and economic ties with these countries.
Grenada is a member of the Commonwealth of Nations. Therefore, scholarships to study at universities in the UK, such as the Commonwealth Scholarship Fellowship Plan (CSFP), are available to Grenadian citizens. The CSFP can reduce the cost of studying in the UK for Grenadian citizens.
Leading Grenadian universities interact with universities in the US and UK: for example, St. George's University of Medicine in Grenada. Branches of the university operate in the United States and Britain. Students also complete a 16-week internship in US and UK hospitals. The university’s diploma is recognised in 47 countries, including the United States, Britain and Germany.
Yegor received Grenadian citizenship in order to enter St. George’s University on a scholarship: Grenada citizens have access to the Grenada Partnership Award scholarship, which covers 90% of the cost of the education. Yegor is studying there to be a doctor and plans to work as a doctor in the United States.
A student residence permit in the UK with a Grenada passport can be obtained in three days and the application can be made in the UK. In contrast, most foreign students need to apply for a residence permit to study in the UK through their consulate and the process takes several months.
Concessions for Grenadian tax residents
Taxes for individuals in Grenada. Tax residents of Grenada do not pay taxes on capital gains, gifts, inheritance, royalties, interest or dividends. The tax on real estate ranges from 0 to 0.5%.
Tax rates for Grenada residents
|Type of tax||Rate|
|Tax on income earned in Grenada||28%|
|Tax on income earned abroad||0%|
|Tax on interest||0%|
|Tax on dividends||0%|
|Tax on royalties||0%|
Tax for businesses in Grenada. Companies that are tax residents of Grenada do not pay tax on dividends, royalties, interest or capital gains. The tax on global income earned in Grenada and abroad is 28%.
Some companies pay tax at a reduced rate. For example, a 0% tax applies to suppliers of basic food, electricity or water for domestic and agricultural use.
Accounts in European and American banks
A Grenadian second passport holder can easily and quickly open accounts in European and American banks. In contrast, citizens of most countries face numerous difficulties in opening a bank account in the EU or the United States: there are strict checks, and banks often reject their applications.
An account with a European or American bank allows the holder to keep their savings in a hard currency and pay lower commissions for foreign transfers. It also speeds up foreign exchange settlements with business partners.
Second passports for the whole family
The investor can include their family and relatives in the application for Grenadian citizenship, as long as the children, parents, and grandparents of the main applicant or their spouse are financially dependent on them. At the same time, only unmarried siblings without children of their own are eligible to participate in the citizenship by investment program together with the investor.
Family members who can apply for a Grenadian passport together with the investor
Spouse Children under 30 Parents Grandparents Unmarried siblings over 18
Citizenship investment programs of other Caribbean countries and Vanuatu also allow family members to be included in the application.
Low cost and the ability to recover the initial investment
The cost of the Grenada citizenship program is just one-fifth of the cost charged by EU countries for similar programs. The minimum investment contribution for citizenship in the Caribbean is $150,000, whereas the minimum cost of a residence permit in the European Union is €150,000. At the same time, a residence permit does not provide the same freedom of travel as citizenship.
The Grenada citizenship program’s Due Diligence fee is $5,000 for each family member over 17 years of age. The investor also pays administrative and passport fees. In comparison, in order to apply for Maltese permanent residence by investment, the Due Diligence fee is €10,000 per adult family member.
Cost of Grenada citizenship program
|Number of family members||Option of non-refundable contribution to the state fund||Option of buying real estate|
|Investor and spouse||$216,000||$286,000|
|Investor, spouse and two children ||$221,180||$290,000|
Investment horizon. The option of buying real estate in order to participate in the Grenada citizenship program allows the initial investment to be returned after 5 years.
Investors can buy apartments, villas or shares in government-approved projects for at least $220,000. The investment can be sold five years later. In the period that the property remains in the ownership of the investor, they can receive income of 2 to 5% per annum by renting out their property.
Example of Grenada real estate
How to get a Grenada passport
The state citizenship program by investment offers the quickest way to get a Grenada passport: within 3 to 6 months.
Registration of a passport by investment is possible only through a licensed agent: this is a prerequisite of the program. The procedure for obtaining a passport consists of several stages.
Stage 1: preliminary Due Diligence. At this stage, the licensed agent carries out a preliminary Due Diligence and warns the investor about possible risks that emerge.
Immigrant Invest has its own compliance department. The Certified Anti-Money Laundering Compliance Officer studies the situation of each investor and reduces the risk of rejections to almost zero.
Head of Caribbean Citizenship by Investment Programs
Stage 2: collecting and submitting documents. The lawyers of the licensed agent prepare all the necessary documents and submit them to the Grenada citizenship program department.
At this stage, the investor pays the state fee and pays for the Due Diligence.
Stage 3: fulfillment of investment conditions. The investor transfers the agreed investment amount after receiving the government’s approval of their application. The confirmation is sent by e-mail to the agent. The investor can transfer the money to the relevant government department from their personal account.
Stage 4: obtaining a passport. After the investment is transferred to the Grenada citizenship program department, the passport and naturalization certificate are sent to the address indicated by the investor.
All stages of the citizenship by investment application can take place remotely. The physical presence of the investor in Grenada is not required.
Who benefits most from Grenadian citizenship
Individuals searching for an international lifestyle. Grenada passport holders can travel without visas to 144 countries throughout the world. Visa-free destinations include the Schengen arearnand the UK. Grenada citizens can also travel to the United States on a B-1/B-2 visa.
Wealthy people who want to move to the United States. An E-2 visa can be obtained with a Grenada passport. This business visa allows the investor and their family to live in the United States.
Entrepreneurs. With a Grenada passport, entrepreneurs can also expand their business in the Asian markets, as Grenada citizens can travel visa-free to China, Hong Kong and Singapore.
Investor’s children who want to study abroad. Grenada citizens receive benefits and scholarships to study at universities in the UK and US, with the possibility of internships at leading companies there.
Frequently asked questions
The main reason investors are interested in Grenadian citizenship is that it offers free movement around the world. 144 countries can be visited by Grenada passport holders without a visa, including the Schengen countries, UK, China, Singapore and Hong Kong. Grenadian citizens can stay without a visa from 30 to 180 days a year in these countries. Grenadian passport holders are also eligible to apply for the US E-2 visa, which allows the holder to live and conduct business there. This type of business visa is issued only to citizens of countries with which the United States has signed a special agreement and it is not available to citizens of a number of countries. Other Caribbean passports: St Kitts and Nevis, Antigua and Barbuda, St Lucia, and Dominica passports, as well as the Vanuatu passport, also allow the holder to travel the world without visas.
Yes. The fastest and easiest way is to participate in government citizenship programs for investors. In exchange for a passport, investors make an irrevocable contribution of $150,000 to the state fund or buy real estate in the country for $220,000. A Grenadian passport by investment takes 3-6 months to process.
The main costs are the investment and the Due Diligence fees. The minimum investment is $150,000 and the Due Diligence fee is $5,000. Administrative and passport fees also need to be paid. The cost increases if the investor adds family members to the application.
Yes. The investor can include their family and relatives of their spouse: children, parents, grandparents, brothers and sisters. Citizenship investment programs of other Caribbean countries and Vanuatu also allow family members to be included in the application.
The Grenada citizenship program does not require the physical presence of the investor in Grenada. All stages of the program can be carried out remotely, including the conclusion of an agreement, submission of documents and Due Diligence. The investor receives the passport at the office of the licensed agent or at the address indicated by them.