Grenada citizenship provides several advantages. An opportunity to get an E-2 business visa to the USA and entry without a visa to the UK, the Schengen arearnand China are among the benefits.
To obtain a Grenada passport by naturalization, you need to live in the country for 7 years. This option is relatively cheap, but not for everyone. Foreigners can take advantage of all the benefits and not be tied to the island with the help of the citizenship by investment program.
Who can become a Grenada citizen
To be approved for Grenada citizenship, a candidate must be of legal age, with no criminal record or serious illness. Also, when considering an application, they check whether the funds for investment under the program are legally received.
Investors can also apply for citizenship for their family members so that they also gain access to all the benefits of a second passport. The application can include spouses, children under 30 years old, siblings from 18 years old, parents and grandparents of the investor or their spouse.
Adult children with disabilities may participate as well. There are no age restrictions for them. Even after 30 years they are still eligible to participate in the program.
There are no additional requirements for the spouses of investors. The investor's siblings must not be married or have children until the passports are issued. All other adult family members must be fully supported financially by the main applicant or their spouse.
How to get a Grenada passport by investment
Under the rules of the Grenada investment program, only a licensed agent can apply on behalf of an investor. You will not be able to collect a package of documents and submit them yourself.
The applicant contacts the agent company. Before concluding an agreement, our lawyers conduct a preliminary Due Diligence check: they look for the risks of denial of citizenship. The check does not require additional documents and takes 1 day.
If everything is in order, the investor and the agent enter into an agreement. Lawyers prepare a package of documents, fill out state forms and send an application for participation in the program.
As soon as the CBI unit receives documents, the longest stage of the program begins — Due Diligence. It lasts 3 to 6 months. The CBI unit checks the investor for compliance with the requirements of the program.
When approval is received, the applicant fulfills the investment condition. A passport and a certificate of naturalization are sent to him so there is no need to go anywhere.
Expenses on Grenada citizenship
Cosmopolitans obtain a passport in two ways: by investment in a state fund or in real estate. These options are available in every citizenship program in the Caribbean, only the investment amounts differ.
Investments in the state fund. To get a passport, you can make a contribution to the National Transformation Fund. The costs for this option are lower than in the option with the purchase of real estate, but you will not be able to return the money as the contribution is non-refundable. The government of the country will spend the money on the development of the economy.
The minimum amount of the contribution depends on the number of family members.
Amount of contribution to the state fund
| Family composition | Minimum investment |
| Single applicant | $150,000 |
| Family of 2-4 people | $200,000 |
| Family of 5 or more people | $200,000 + $25,000 for each applicant after the fourth |
Investors with a spouse and one child pay $200,000 and a family of 6 pays $250,000.
Real estate investment. Applicants can purchase real estate worth at least $220,000. However, this is not a plot or a private villa, but a share in an object approved for the program, like a resort complex.
The option with a share worth $220,000 is valid only for a few objects. For the rest, it is $350,000. The minimum threshold is fixed in both cases: one investor and a family of 6 people can buy the same shares. Real estate can be sold after 5 years from the date of obtaining citizenship.
There is an additional state fee in the option with the purchase of real estate. It is non-refundable, and the amount depends on the composition of the family. For single applicants and families up to 4 people, it is $50,000. If there are more than 4 people in the application, $25,000 must be paid for each additional family member.
In addition to the contribution or the cost of the real estate share, applicants pay government fees for participation in the program.
State fees for participation in the program
| Fee | Amount per person |
| Filing an application | $1,500 |
| Processing an application | $1,500 |
| Due Diligence | $5,000 per each applicant over 16 years old |
Also, during the registration of citizenship, you need to pay for the services of lawyers, translators and notaries. The amount depends on the specific situation. Only the program agent can calculate the exact cost of participation.
