Grenadian passport by investment: obtaining citizenship from A to Z

Grenada Citizenship by Investment
Grenada Citizenship by Investment

Since 1997, the Grenada citizenship program has been in operation – one of the most popular and inexpensive in the world. A second passport can be obtained in return for investments in the National Transformation Fund or in real estate.

The investor can include the entire family in the application: wife, children, parents, brothers and sisters. In a few months, cosmopolitans receive the cherished freedom of movement around the world. The investor and his family will be able to travel to 144 countries of the world without visas.

150 000 $

minimum investment

3—6 months

registration

5 years

return on investment

Seven main advantages of the Grenada program

1. Living, working and studying in the USA. An agreement on mutual investment was signed between Grenada and the United States. Therefore, citizens of Grenada can apply for an E2 visa in the United States. You will have the right to live, do business, study and work in the United States.

To visit the United States for tourism or business, an investor with a Grenadian passport can obtain a B1 / B2 visa for up to 10 years.

2. Visa-free China. Grenada is on the list of 17 countries with which China has signed a visa-free travel agreement. Citizens of Grenada are allowed to stay in China for up to 30 days a year without a visa.

3. Entry to the European Union without a visa with the right to stay for 90 days within every six months. There are 144 countries on the list of visa-free destinations in Grenada.

4. Living and studying in the UK. Citizens of Grenada can stay in the UK for up to 180 days a year. Grenada is a member of the Commonwealth of Nations; therefore, citizens can study at British universities.

5. Benefits for tax residents. Grenada’s legislation helps tax residents to optimize taxes and generate additional income.

Capital gains, wealth and inheritance, and income earned outside Grenada are tax-free.

Tax rates in Grenada:

on dividends – 15%;
for real estate – 0.5%;
for the transfer of ownership – from 5 to 15%.

6. Large selection of international banks. Investors with a Grenadian passport can open accounts with EU banks to facilitate foreign exchange transfers and keep money in deposits.

7. Remote registration. To obtain citizenship of Grenada, the investor and his family do not need to go to the country. The licensed program agent prepares and submits documents to the Department of Grenada. The investor’s family receives passports and naturalization certificates at a licensed agent’s office or the specified address.

List of Visa-Free Countries with a Grenadian passport

A passport gives cosmopolitans freedom of movement across 144 countries. It is easier for citizens to travel the world: there is no need to apply for a visa to 117 countries, and in 27 countries a visa is issued upon arrival.

Visa-free destinations with a Grenadian passport

Country Conditions of entry
1 Armenia visa upon arrival
2 Bangladesh visa-free
3 East Timor visa upon arrival
4 Hong Kong visa-free
5 Israel without visa
6 Indonesia visa-free
7 Jordan visa upon arrival
8 Iran visa upon arrival
9 Cambodia visa upon arrival
10 China visa-free
11 Laos visa on arrival
12 Macau visa-free
13 Malaysia visa-free
14 Maldives visa on arrival
15 Nepal visa on arrival
16 Palestinian territory visa-free
17 Singapore visa-free
18 Uzbekistan visa-free
19 Philippines visa-free
20 Sri Lanka electronic permission to enter
21 South Korea without a visa
Country Conditions of entry
1 Botswana without a visa
2 Gambia without a visa
3 Guinea-Bissau visa upon arrival
4 Egypt visa upon arrival
5 Zambia without a visa
6 Zimbabwe without a visa
7 Cape Verde visa upon arrival
8 Kenya visa-free
9 Comoros visa on arrival
10 Lesotho visa-free
11 Mauritius visa-free
12 Mauritania visa on arrival
13 Madagascar visa on arrival
14 Mayotte visa-free
15 Malawi visa-free
16 Mozambique visa on arrival and
17 Saint Helena visa on arrival
18 Rwanda visa on arrival
19 Seychelles visa on arrival
20 Senegal visa-free
21 Somalia visa on arrival
22 Sierra Leone visa on arrival
23 Tanzania visa-free
24 Togo visa on arrival
25 Uganda visa-free
26 Eswatini without a visa
Country Conditions of entry
1 Austria without a visa
2 Andorra without a visa
3 Belgium without a visa
4 Bulgaria without a visa
5 Bosnia and Herzegovina without a visa
6 Vatican without a visa
7 Great Britain without a visa
8 Hungary without a visa
9 Germany without a visa
10 Gibraltar without a visa
11 Greece without a visa
12 Denmark without a visa
13 Ireland without a visa
14 Iceland without a visa
15 Spain without a visa
16 Italy without a visa
17 Cyprus without a visa
18 Kosovo without a visa
19 Latvia without a visa
20 Lithuania without a visa
21 Liechtenstein without a visa
22 Luxembourg without a visa
23 Malta without a visavisa
24 Moldova without avisas
25 Monaco without a visa
26 Netherlands without a visa
27 Norway without a visa
28 Poland without a visa
29 Portugal without a visa
30 Russian Federation without a visa
31 Romania without a visa
32 San Marino without a visa
33 Serbia without a visa
34 Slovakia without a visa
35 Cl Traveling without a visa
36 Ukraine without a visa
37 Faroe Islands without a visa
38 Finland without a visa
39 France without a visa
40 Croatia without a visa
41 Montenegro without a visa
42 Czech Republic without a visa
43 Switzerland without a visa
44 Sweden without a visa
45 Estonia without a visa
Country Conditions of entry
1 Vanuatu visa-free
2 Kiribati visa-free
3 Micronesia visa-free
4 Niue visa-free
5 New Caledonia visa-free
6 Cook Islands visa-free
7 Palau visa on arrival
8 Samoa visa on arrival
9 Solomon Islands visa on arrival
10 Tuvalu visa on arrival
11 Fiji visa-free
12 French Polynesia without a visa

Country

Conditions of entry

1

Anguilla

without a visa

2

Antigua and Barbuda

without a visa

Bahamas

without a visa

4

Barbados

without a visa

5

Belize

without a visa

6

Bermuda

without a visa

7

Virgin Islands

without a visa

8

Haiti

without a visa

9

Greenland

without a visa

10

Dominica

without a visa

11

Dominican Republic

without a visa

12

Cayman Islands

without a visa

13

Costa Rica

without a visa

14

Cuba

without a visa

15

Montserrat

without a visa

16

Nicaragua

visa on arrival

17

Panama

without a visa

18

Saint Vincent and the Grenadines

without a visa

19

Saint Kitts and Nevis

without a visa

20

Saint Lucia

without a visa

21

Saint Maarten

without a visa

22

Turks and Caicos

without a visa

23

Trinidad and Tobago

without a visa

24

French West Indies

without a visa

25

Jamaica

without a visa


Country

Conditions of entry

1

Argentina

without a visa

2

Aruba

without a visa

3

Bolivia

visa upon arrival

4

Bonaire, Sint Eustatius and Saba

without a visa

5

Brazil

without a visa

6

Venezuela

without a visa

7

Guyana

without a visa

8

Colombia

without a visa

9

Curacao

without a visa

10

Peru

without a visa

11

Suriname

without a visa

12

Uruguay

without a visa

13

French Guiana

without a visa

14

Chile

without a visa

15

Ecuador

without a visa

Who can obtain citizenship of Grenada

Citizenship of Grenada can be obtained not only by an investor, but also by his family members, including parents, brothers or sisters above 18 years old. Adults under 30 years of age can also participate in the program. Children with disabilities participate in the program at any age.

The total investment amount depends on the number and composition of the family. We will tell you the details further.

Conditions for participation for the investor's family in the Grenada program

Conditions for participation for the investor's family in the Grenada program

Investor Over 18 years old
Without a criminal record or criminal case
Not under sanctions
With legal income
Without visa and citizenship refusals
Passed Due Diligence check
Spouse Married to the investor
Children under 30 Financially dependent on the investor or spouse / spouse, including from previous marriages
Parents and grandparents Financially dependent on the investor or spouse / spouse
Brothers and sisters of the investor over 18 Financially dependent on the investor
Not married and without children

Investors who have passed mandatory verification will be able to obtain Grenadian citizenship on the reliability of Due Diligence. To find out if you will be able to confirm your status as a reliable investor, answer 10 questions of the test “How to pass the Due Diligence check?”.

How to get Grenada passport

  • What are the investment options offers for investors in a program of Grenada
  • What are the conditions of participation in the program for the investor and his family
  • How does Due Diligence – check investor loyalty

Investment options in the Grenada Program

In 2018, Grenada lowered investment thresholds and updated the program to meet modern legal requirements. To apply for citizenship, you do not need to be in the country, know the language or take exams.

The Grenada program offers two investment options:

  1. From $ 150,000 – a non-refundable contribution to the National Transformation Fund (NTF). Funds from Grenada’s state fund are directed to hospitals, schools’ equipment, alternative energy, the reconstruction of roads, marinas, and ports.
  2. From $ 220,000 – investments in resort real estate from the list of projects approved by the government, and then the property can be sold in five years.
  3. In addition to the investment amount, you will need to cover the costs of Due Diligence, state duties and fees, services for registration, translation and legalization of documents.

The total amount depends on the composition and age of family members.

Using the example of investments in the state fund, let us consider how much will the participation in the program cost for an investor and his family.

Investments in the state fund under the Grenada program, taking fees into account

Investments in the National Fund $ 150,000 - for the investor
NTF Transformations $ 200,000 - for a family of up to 4 people
$ 25,000 - additionally for each, if the family is more than four people
$ 50,000 - for a parent from 55 years old
$ 75,000 - for brother or sister
Due Diligence check $ 5,000 - for each person over 16 years old
Filing fee $ 1,500 - for each person
Review fee $ 1,500 - for each person over 18 years old
$ 500 - for children under 18 years

After the investor receives a Grenadian passport, only children born within a year can be added to the program. If you are planning a second citizenship for the rest of your family, it is better to include them in the application right away.

Secluded coral beaches of Grenada with pink sand and clear Caribbean waters

Investments in real estate in Grenada can be returned

An investor can choose real estate from a list that has been approved by the country’s government. Grenada offers investors to buy a stake in luxury hotel complexes or residences. After five years, the property can be sold profitably. In this case, the program’s cost of participation will be equal to the cost of registration.

You don’t need to fly to the country to sell real estate. Property sale tax – 5%.

During ownership, real estate can be rented out and receive 3-5% per annum. Real estate in Grenada is popular for holidays all year round. Seasonal changes in rental prices fluctuate less than 1.5 times. During the pandemic, demand for real estate fell, but it began to grow again after the resumption of flights.

The average cost of renting apartments and villas in hotel complexes approved for citizenship programs ranges from $ 6,000 to $ 10,000 per month. A management company maintains the property. The hotel invites the investor and his family to relax in luxury apartments for free up to 14 days a year.

Using the example of real estate investments, let us consider how much it will cost to participate in the program for an investor and his family.

Investments in real estate in Grenada including fees

Min. investment $ 220,000 - regardless of the number of applicants, from five years of ownership
State fees $ 50,000 - for each participant in a family up to four people
$ 25,000 - for each next participant
$ 50,000 - for a parent from 55 years old
$ 75,000 - for a brother or sisters
Due Diligence $ 5000 - for each participant over 16 years old
Submission fee $ 1500 - for each participant
Processing fee $ 1500 - for each participant over 18 years old
$ 500 - for children under 18 years old

Share in a premium hotel complex in the south of Grenada
4 km from the airport and 50 m from the ocean

Grenada Citizenship by Real Estate Investment

Grenada Citizenship by Real Estate Investment

Grenada Citizenship by Real Estate Investment

Grenada Citizenship by Real Estate Investment

Grenada Citizenship by Real Estate Investment

Grenada Citizenship by Real Estate Investment
Grenada Citizenship by Real Estate Investment
Grenada Citizenship by Real Estate Investment
Grenada Citizenship by Real Estate Investment
Grenada Citizenship by Real Estate Investment

The hotel complex occupies a spacious area on the hills in the south of the island of Grenada in St. George’s. The complex apartments and villas are surrounded by tropical gardens and have panoramic views of two of the best beaches in Grenada. There will be bars and restaurants, a spa, a gym, a sauna, and swimming pools. An investor can buy a share in a project.

From $ 220,000

Price

2—3%

Profitability

5 years

Investment return period

Expenses for participation in the Grenada citizenship program

Let us consider the example of an investor’s family of four and how much it will cost to participate in the program with different investment options.

Investment amount calculation Granada program

for the investor, spouse and two children 7 and 25 years

Costs Contributions to the State Fund Property
Investments 200 000 $ 220 000 $
Due Diligence 15 000 $ 15 000 $
Gossbor 50 000 $
Fee for filing 6000 $ 6000 $
Collection for processing 5000 $ 5000 $
226 000 $ 296 000 $

How to get an E2 visa in the USA with a Grenadian passport

A mutual investment agreement has been signed between Grenada and the USA. Therefore, Grenadian citizens can apply for an E2 visa in the United States, which is not possible with other Caribbean countries’ passports. Russians can not get an E2 visa due to the lack of an agreement between the countries.

An E2 visa can be obtained by foreign citizens who want to invest in a business in the United States. The visa entitles the investor and his family to live, do business, study and work in the United States. It is issued for up to five years. An investor can renew a visa many times if it is documented that his business is generating income.

To obtain a visa, documents can be submitted at a US consulate in any country in the world where citizens of Grenada are allowed to enter.

Citizenship of Grenada: changing the family composition and the name of one of the participants
Alexey is a business owner in the USA who wanted to develop a business in Russia. He set a goal to be able to freely enter the United States to control the work of the company. Alexey planned that his children will receive education in American universities and stay in the country to work.

Alexey and his family quickly obtained a Grenadian passport and issued an E2 investor visa in the United States for an operating business through the consulate in Singapore.

Advantages of the E2 visa: An investor can obtain an E2 visa by investing in any business in the United States. The exact amount of investment is not specified in the law; in practice, $ 200,000-250,000 is enough. A visa can be obtained for a period of one to two months, and under the accelerated procedure – in 15 days.

To apply for an E2 visa, an investor only needs to provide a business plan. It must have at least five jobs planned. The investor must have the amount no less than necessary for the family to live from the bank account.

Cons of the E2 visa: The E2 visa does not allow you to get a green card. If the investor can confirm the profitability of the business, he can apply for an EB5 visa, which entitles him to a green card.

Паспорт Гренады для обучения детей в США
On an E2 visa, children of investors can study at any university in the United States. Princeton University is one of eight Ivy League universities and one of the best universities in the world.

Taxation and Business

Grenada has developed a favorable tax system for doing business. The country also does not levy taxes on gift, inheritance and capital gains. Tax legislation does not restrict the withdrawal of profits or the attraction of private capital.

Tax rates in Grenada:

on dividends – 15%;
for real estate – 0.5%;
for the transfer of ownership – from 5 to 15%;
on the income of companies in the country – from 10 to 30%.

In Grenada, you can register an international business company (IBC) and a limited liability company (LLC). These forms will allow doing business with foreign partners and attracting co-owners.

Citizenship of Grenada for the Italian
Federico is a businessman from Italy. He supplies medical equipment to the European Union from Asian countries. He was having difficulty obtaining a Chinese visa and was unable to attend several business meetings. The situation threatened his business reputation.

Federico needed visa-free travel to China. Three months later, the Italian businessman received Grenada’s passport and now flies to China and Singapore without problems and visas.

Interesting facts about Grenada

Nature: Grenada is made up of several islands in the Caribbean. This is one of the smallest states – its total area is 349 km².

Grenada has a comfortable maritime tropical climate. It is sunny all year round, the average temperature is + 25… 28 ° C. Heavy but intermittent rain occurs from June to November. At this time, tropical hurricanes are possible.

The islands contain bright and picturesque nature including quiet bays, evergreen tropical forests, mountains with waterfalls and transparent lakes. The islands attract tourists with their clean beaches, endless water sport activities and restaurants with gourmet cuisine.

Paradise Beach is the best beach on Carriacou Island in Grenada. There are several cafes, restaurants and a shop nearby.

Language: The official language in the country is English. Foreigners are comfortable going through passport control and ordering food at restaurants.

The country’s economy is developing in three main areas: tourism, financial services, spice and cocoa farming. Tax reforms have made the country attractive for international investment.

Currency is the East Caribbean dollar (EC $ or XCD). In Grenada, the cost of services are often pegged to US dollars, which is also popular.

Transport in the country is well developed. A shuttle bus ride costs from $ 1 to $ 3 and $ 2 per mile in a taxi. Ferries and boats sail to other islands in Grenada. The cost of renting a car depends on the period and class of the car, on average $ 50-170 per day.

гражданство Гренады: порт столицы Сент-Джорджес
Grenada is a major maritime transport hub. International cruise ships regularly call at the port of the capital St. George's.

Education in Grenada is free and compulsory for children from 6 to 14 years old. There are public and private schools, six colleges and universities on the island. The largest universities: a branch of the University of the West Indies and St. George’s Medical University, which is accredited in the United States.

Health Care: There are three hospitals and many medical centers in the country. They provide ambulance services, obstetrics, gynecology, radiology, dentistry, surgery, eye care, testing and analysis. The cost of services for private doctors are high – a short visit to the doctor costs from $ 80. Local health insurance can help keep costs down.

Several mobile operators provide communication and Internet. In addition to telecom stores, their cards are sold at the airport, supermarkets, and post offices. Unlimited mobile communication costs an average of $ 120 per month. The package includes up to 3 GB of mobile internet. All public telephones in Grenada have an international line. Hotels and most restaurants in Grenada provide free Wi-Fi access.

Purchases: World famous brand outlets are located in St. George’s and Grand Anse Beach. Large shopping centers and supermarkets operate here. Local organic produce, seafood, spices, cocoa, chocolate, woodwork and ceramics are sold at farmers’ markets.

Фермерский рынок в Гренаде
There are farmers' markets in Grenada selling organic products, chocolates, spices, handicrafts.

Local cuisine: A culmination of European, African and Caribbean traditional recipes. Main ingredients: lobster, shrimp, crab meat, shellfish, rare fish, rabbit and poultry meat, tropical vegetables, fruits and spices.

You can dine at a cheap cafe for $ 8-12. Lunch at a good restaurant costs from $ 100 for two. It is customary to leave a tip in cafes and restaurants: 8-10% of the bill.

Морепродукты в ресторанах Гренады
A traditional assortment of seafood is included in the menus of cafes and restaurants in Grenada.

Five steps to obtaining citizenship of Grenada

Consultation with Immigrant Invest – the only licensed agent of the program in Grenada, which has a compliance department. The Certified Compliance Anti Money Laundering Officer will conduct a preliminary database screening of the applicant and answer citizenship questions. Initial consultation and testing are free of charge.

Conclusion of an agreement with the company Immigrant Invest – a licensed agent of the Grenada program. You can sign a contract remotely or at any of the company’s offices.

Preparation of documents for citizenship: Employees of Immigrant Invest will help prepare documents, translate them into English and notarize them. They will fill out government forms and submit a package of documents to the Grenada Department. The investor pays due diligence fees and contract fees.

Due Diligence by the Government of Grenada lasts from three to six months. The investor pays the investment and government fees after receiving a positive decision on citizenship.

The investor receives the passports and naturalization certificates at the Immigrant Invest office or at the specified address through a courier.

Pros and cons of the Grenada program

Pros:

Cons:

Frequently Asked Questions

Due Diligence is the main condition for approving a citizenship application. In 2019, Grenada rejected 16 applications, and in 2020 - 19.

Applicants who can confirm their legality of income, have no denials of citizenship, no sanctions and no criminal record are successfully tested.

Immigrant Invest is the only licensed program agent that has its own compliance department. We will conduct a preliminary due diligence check one to three days in advance to eliminate the likelihood of failure.

Like other Caribbean countries, Grenada offers investment options to choose from: a non-refundable contribution to the state fund and a government-approved real estate purchase.

According to the Grenada program's official statistics, from 2014 to 2016, more than 50% of investors chose the option to contribute to the state fund. The situation has changed from 2017 to 2020: more than 60% of investors prefer buying real estate for five years.

A Grenadian passport is issued for five years. After the expiration date, the passport can be renewed for a fee of about $ 300. You don't need to come to the country for this. The investor can get a new passport at the licensed program agent's office, or they can deliver the passport by courier to the specified address.

Grenada is home to the St. George Medical University, which is accredited in the USA, Europe, UK and Canada. At the university you can get an education in medicine, veterinary medicine, science and art. University graduates are trained in US and UK hospitals.

To fly to Grenada from Russia, you will need to make two transfers. One of the transfers is most often in America or Europe, the second - in Trinidad, Barbados or Tobago.

The flight time is approximately 24 hours. The ticket price is 100-230 thousand rubles. You can fly to Grenada by Aeroflot, British Airways, Air France, Alitalia. Flights arrive at Maurice Bishop International Airport.

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