Citizenship
September 6, 2023
Reading Time: 5 min

Dual citizenship in Grenada: everything you need to know before investing

Grenada recognises dual citizenship. This means that foreigners can obtain Grenada passports and keep their first nationality — and enjoy the benefits of multiple citizenship.

Citizens of Grenada can travel visa-free to 146 countries in the world, including the Schengen states. They can also obtain a 10-year visa to the USA. Besides, nationals of the country enjoy a sparing taxation system and can easily open accounts in European banks.

The investment path to a Grenada passport takes up to 6 months and requires a contribution of at least $150,000.

Lyle Julien
Lyle Julien

Explained all the nuances of obtaining dual citizenship in Grenada

Grenada dual citizenship

Dual citizenship in Grenada: everything you need to know before investing

Citizens of Grenada can travel visa-free to 146 countries in the world, including the Schengen states. They can also obtain a 10-year visa to the USA. Besides, nationals of the country enjoy a sparing taxation system and can easily open accounts in European banks.

The investment path to a Grenada passport takes up to 6 months and requires a contribution of at least $150,000.

Does Grenada allow dual citizenship?

Yes. Grenada allows its citizens to hold passports of other countries. Likewise, foreigners can become citizens of Grenada without renouncing their first nationality, unless their country of origin requires otherwise.

Ways to obtain Grenada citizenship as a foreigner

Investment. Foreigners can obtain Grenada citizenship by making an investment in the country’s economy. There are two ways to do so: make a non-refundable contribution of at least $150,000 to the National Transformation Fund, or purchase government-approved real estate for the price of at least $220,000.

Aside from the investment itself, applicants also pay a number of fees, including a $50,000 state fee and a $5,000 Due Diligence fee.

Naturalisation. Long-term residents of Grenada are entitled to citizenship. Commonwealth citizens can apply for their passports after 5 years of residing in the country, other foreigners — after 7 years.

Marriage. Grenada citizenship is available to the spouses of its citizens. They can claim citizenship regardless of whether their spouse was born a Grenadian national or became one by naturalisation.

Birth and descent. Children born in Grenada become citizens of the state automatically. If a child is born abroad, they will be granted citizenship if at least one of their parents is a national of Grenada. A child can also claim Grenada nationality if they are adopted by a citizen of the country.

Grenada passport requirements for investors

To obtain Grenada citizenship by investment and get multiple nationality, foreigners need to meet the program’s requirements.

The main investor should:

  • be over 18 years old;

  • have no criminal record;

  • be in good health;

  • be able to confirm the legality of their income.

Investor’s family members can obtain passports under the same investment. This applies to:

  • spouse of the opposite sex;

  • children under 18;

  • children under 30 if they are financially dependent on the main applicant;

  • parents and grandparents of the spouse if they are dependent on the main applicant;

  • siblings of the investor and their spouse if they are over 18, unmarried and don’t have children.

If the investor adds family members to the application, they pay a bigger non-refundable contribution and more in Due Diligence and other fees.

Costs of obtaining dual citizenship in Grenada by investment

With the non-refundable contribution option, investors pay $150,000 if they apply alone and $200,000 if there are two to four people in the application. If there are more than five people, the contribution increases by $25,000 for each parent over 55, $50,000 for each parent under 55, and $75,000 for each sibling.

Aside from the contribution, investor also pays fees:

  1. Due Diligence fee: $5,000 for each family member over 17 in the application.

  2. Other fees: around $3,270 per person.

With the real estate purchase option, investors purchase shares in state-approved projects. The prices for approved objects start from $220,000.

Investors will be able to sell their shares and return the investment in real estate 5 years after they obtain citizenship of Grenada. If they do so earlier, they won’t be able to renew their passports.

Aside from the property purchase, the investor also pays:

  • a $50,000 state fee for applications with under four family members;

  • an additional state fee for applications with five or more family members: $25,000 for each parent over 55, $50,000 for each parent under 55, and $75,000 for each sibling;

  • a $5,000 Due Diligence fee for each family member over 17;

  • other fees — around $3,270 per person.

Individual cost calculation of the Caribbean passport

Individual cost calculation of the Caribbean passport

How to obtain dual citizenship in Grenada by investment

Generally, it takes up to 6 months to obtain Grenada citizenship by investment.

The whole procedure can be done remotely — the program does not require participants to visit Grenada to submit the documents or receive the passport.

Immigrant Invest lawyers accompany the whole process from the very beginning. After an applicant is granted citizenship, we stay in touch and help with emerging issues, such as renewal of the passport or return of the real estate investment.

1

1 day

Preliminary Due Diligence

Before signing a contract with a client, Immigrant Invest lawyers first check their documents and history to evaluate their chances of getting accepted to the CBI program. The preliminary Due Diligence is fully confidential and helps us eliminate the risk of rejection to 1%.

2

2—4 weeks

Document preparation

Immigrant Invest lawyers provide the applicant with a list of required documents for applying for Grenada citizenship by investment. Typically, the package includes personal documents and financial records, like passports, certificates and bank statements.

3

3—6 months

Submission of the documents and Due Diligence

Once all the required papers are collected, Immigrant Invest lawyers submit the client’s application to the Grenada CBI unit. After that, the unit starts the Due Diligence which can take from 3 to 6 months.

4

1 month

Approval and fulfilment of the investment condition

The CBI unit informs Immigrant Invest lawyers once the decision on the applicant has been made. In case of approval, the investor has 30 days to fulfil the investment condition. Immigrant Invest lawyers accompany the transaction of the contribution to the state or the real estate purchase deal.

5

Up to 4 weeks

Getting a passport

It takes up to 4 weeks to prepare a passport and a naturalisation certificate after the investment has been made. The investor receives the documents by courier at a convenient address.

Obligations of Grenada dual citizens

The validity period of Grenada passports is 5 years. To renew it, investors present their naturalisation certificates. This can be done remotely with the help of Immigrant Invest.

Investors don’t have to visit Grenada and stay in the country for any time in order to renew their passports. They do need to obey the state’s law in order to retain citizenship.

If a CBI program participant commits a state crime, they will be deprived of the status. If they commit a crime outside of the state and are jailed for 12 months or more within 5 years after gaining citizenship of Grenada, their status will be revoked.

Grenada citizenship itself does not oblige investors to pay taxes in the country, except for the property they own in the country. The combined annual land and building tax amount to up to 0,8% of the market value of the property.

If investors want to pay taxes in Grenada, they need to become tax residents of the state. The status is granted only to those who spend at least 183 days a year in the country.

Benefits of multiple citizenship with a Grenada passport

Visa-free travel. Grenada citizens don’t need a visa to enter 146 countries, including the Schengen states, the UK, Singapore, and China.

Access to a long-term USA visa. Grenada passport holders can apply for a 10-year tourist visa B—1/B—2 to the USA. It allows entering the country for tourism, business, and medical treatment.

Aside from that, Grenada citizens can qualify for an E—2 visa, which allows residing and working in the country. To get the visa, applicants invest at least $100,000 into a business in the USA.

Reduced tax burden. Grenada tax residents don’t pay taxes on global income, dividends, or royalties received from abroad. There are no taxes on inheritance, capital gains, income and stamp duty.

European bank accounts. Aside from banks within the state, Grenada passport holders can open accounts in European and American banks relatively easily. Typically, banks don’t request additional documents from Grenada citizens.

How the Grenada passport can make your travels simpler and eliminate the need for visas

The freedom to enter Grenada at any time and reside there for as long as desired. Citizens of the country are allowed entrance even in extraordinary circumstances, such as closed borders. A Grenada national can always be sure they have the option to move to the island and reside there for as long as they need to.

Key takeaways

  1. Grenada does allow multiple nationality. This means that a foreigner can obtain the country’s passport without having to renounce their first nationality, unless their country of origin requires otherwise.

  2. There are multiple ways for foreigners to obtain citizenship of Grenada: by investment, by naturalisation, by marriage, and by descent.

  3. Citizenship by investment in Grenada can be acquired in 6 months or less. For that, applicants invest at least $150,000 in the country’s economy.

Immigrant Invest is a licensed agent for citizenship and residence by investment programs in the EU, the Caribbean, Asia, and the Middle East. Take advantage of our global 15-year expertise — schedule a meeting with our investment programs experts.

Will you obtain citizenship of Grenada?

Practical Guide

Will you obtain citizenship of Grenada?

Frequently asked questions

  • Can you have dual or multiple citizenship in Grenada?

    Yes, Grenada allows its citizens to hold passports of other countries.

  • How do I become a citizen of Grenada?

    There are multiple ways to obtain Grenada citizenship as a foreigner: by naturalisation, by marriage, and by investment. The naturalisation path requires the applicant to reside in the country for at least 7 years before the application, while the investment option only takes up to 6 months.

  • What are the benefits of Grenada citizenship?

    Some of the benefits of Grenada citizenship include:

    • visa-free travel to 146 countries, including the Schengen states and the UK;

    • an opportunity to obtain a 10-year visa to the USA;

    • beneficial taxation regime;

    • easy opening of bank accounts in Europe or the USA.

  • Are there any restrictions or limitations for dual citizens in Grenada?

    Dual citizens enjoy the same rights as other citizens of Grenada.

  • How do I get a second passport in Grenada?

    One of the ways to obtain second citizenship in Grenada is to join the citizenship by investment program. There are two options to do so: make a non-refundable contribution of $150,000 to a state fund, or purchase government-approved real estate for at least $220,000.

    Grenada citizenship by investment program allows participants to provide their close family members with citizenship as well.

  • Are there any tax implications for dual citizens in Grenada?

    Grenada citizenship does not oblige investors to pay taxes in the country, except for the property they own in the country. If they want to pay taxes in Grenada, they need to become tax residents of the state. In this case they need to spend at least 183 days a year in the country.

  • Can you have dual citizenship in the Caribbean?

    Yes, many countries in the Caribbean allow their nationals to have multiple citizenship, including Grenada, St Kitts and Nevis, St Lucia, Antigua and Barbuda, and Dominica.