Invest in a state fund or real estate? Choosing the investment option to get Grenada citizenship

The main advantage of the contribution is that it requires fewer investments. It is the least costly option. If the investor applies for citizenship alone, the expenses will amount to $158,270. However, there is a disadvantage to the option as the investor can’t return the money as if when choosing the real estate purchase.

If the investor adds relatives to the application, the expenses increase; the more applicants, the higher the costs.

The National Transformation Fund gets the money and spends it on developing tourism, the economy and infrastructure. For example, investments have already been spent on renovating an airport, roads, schools and other educational institutions. The fund also supports agricultural and alternative energy projects.

Individual cost calculation of the Grenada citizenship

Get the cost calculation

$220,000+ must be invested in a government-approved real estate project. The list usually includes hotel complexes.

The investor can buy the entire property or take part in constructing hotels, villas or urban infrastructure as a shareholder. The investors purchase shares in a physical object, securities or a trust.

Unlike with the contribution, investments in real estate don’t depend on the family composition. However, the investor pays an additional government fee for the property purchase.

The main advantage of the option is that the investments are refundable. The investor can sell the share or property 5 years after obtaining citizenship.

Examples of investment properties in Grenada

Grenada offers government-approved real estate projects, which usually are hotels and resorts. Immigrant Invest real estate experts analysed the developers’ offers and selected the best properties for investors.

Shares in a SPA resort in Grenada cost $220,000. The rental yield is up to 6% per annum

If you want to participate in the CBI program as a single applicant, you should expect the minimum expenses of:

• $158,270 when contributing to the Grenadian state fund;

• $278,270 when purchasing real estate. In this case, the investments could be returned in 5 years by selling the property.

The number of applicants and their age affect the final cost of Grenada citizenship for a family. Here are the minimum expenses for obtaining a second passport for a family of four. The calculation is made for the two options and includes the investment amount and additional fees.

$70,000 more is the citizenship cost when purchasing real estate if the investor participates in the CBI program with a spouse and two children. The sum will increase even more if the family adds other relatives, for example, parents or siblings.

The whole family gets second passports. Family members can participate in the Grenada citizenship program if they are:

Rights and duties of Grenada citizens

• spouses;

• children under 30;

• spouses’ parents and grandparents;

• spouses’ brothers and sisters.

Grenada citizens travel to 146 countries without visas. The list of visa-free destinations includes the Schengen states, the UK, China, Singapore and Hong Kong.

A B‑1/B‑2 tourist visa to the USA is granted for 10 years. The number of entries is unlimited during the visa validity period. The maximum stay is 180 days per year.

Shichahai is a historic area and a park in Beijing, China. Grenada is one of the two Caribbean countries that have a visa-waiver agreement with China, allowing Grenada citizens to stay in the country for up to 30 days without a visa

Grenada citizens are eligible for the E‑2 business visa to the USA. The visa is only available to citizens of countries with treaties of Friendship, Commerce and Navigation with the USA. Grenada has a valid treaty with the States.

E‑2 visas are issued to foreigners who invest in a US business. The Immigrant Invest lawyers advise by experience that $200,000 might be enough for the US Citizenship and Immigration Services to approve the investor’s application.

The E‑2 visa is a non-immigrant one, but it allows the holder to move to the States to run a business. The investor can stay in the country as long as the company is profitable.

Tax optimisation is possible because there are no taxes on individuals’ global income, inheritance, or capital gains. Different taxation rules apply to companies, but they are still more beneficial in Grenada than in many other countries.

Taxes in Grenada

Children can study at universities in the UK. Grenada is a member of the Commonwealth of Nations. Grenadian citizens can study at the best British universities on beneficial terms, such as getting a scholarship from the Commonwealth Scholarship Commission.