The Grenada citizenship by investment program was launched in 2013 when the Grenadian Parliament passed Act no. 15/2013 — the Citizenship by Investment Act.
In order to obtain Grenada citizenship by investment, applicants must either make a minimum contribution of $150,000 to the National Transformation Fund or buy real estate costing at least $220,000.
Investments in real estate can be returned to the investor after 5 years.
Investors do not need to take exams in the language or history of Grenada. They are also not required to visit the country at any stage of the program.
The applicant’s spouse, children, parents and siblings are also eligible to participate in the program.
Possibilities
What does a Grenada passport offer?
1
The UK, Schengen countries and China visa-free
A Grenada passport offers visa-free access to 144 countries, including the UK, the Schengen zone, Singapore and Hong Kong. Grenada citizens can also travel visa-free to China for up to 30 days.
2
Company registration abroad
Grenada citizens by investment often register international companies in Grenada to reduce tax payments and avoid currency control restrictions in transactions with their foreign partners. Moreover, in order to protect the privacy and security of the investor, the personal data of the beneficial owner is not entered in the company register.
3
E-2 business visa to the USA
Grenada passport holders can obtain a U.S. E-2 visa, which allows them to live and work in the country. For this, they need to establish or buy a business in the United States. The minimum investment amount has not been set, but usually a minimum investment of $100,000 is required. The requirements for citizens from other countries are much stricter. For example, Russian citizens can apply for an EB-5 visa for a minimum investment of $800,000.
4
Reducing the tax burden
Grenada citizens do not pay taxes on global income, dividends, interest or royalties received in other countries. There is no inheritance tax, no capital gains tax, no income tax, and no stamp duty. For companies, the terms are different, but still beneficial compared to many other countries.
5
US tourist visa for 10 Years
Grenada passport holders can obtain a U.S. B1/B2 tourist visa, which allows them to travel around the country, attend business meetings and conferences, and be treated in American medical clinics for up to 180 days a year.
financially dependent on the investor or their spouse
Parents of the investor and their spouse
financially dependent on the investor
Brothers and sisters of the investor and their spouse
older than 18 years
unmarried
without children
Budget
Costs for an investor
The Grenada citizenship by investment program offers two options: a non-refundable contribution to the state fund or purchasing a property.
1Option investment
Non-refundable contribution
$150,000+
Applicants who choose to make a contribution to the National Transformation Fund should note that it is non-refundable.
Investor
Married couple
Family of 4, excluding siblings
Family of 5 or more
Contribution to the fund
$150,000
$200,000
$200,000
$200,000
+ $25,000 for each parent over 55 years old or per child starting with the fifth family member
+ $50,000 for parents under 55 years old
+ $75,000 for brothers and sisters
Due Diligence
$5,000
$10,000
$5,000 for the investor and each family member aged 17 or older
$5,000 for an investor and each family member 17 years or older
Other fees and charges
$3,270
$6,540
At least $11,080
At least $15,620
2Option investment
Real estate purchase
$220,000+
Investors buy shares in state-approved projects. The property can be sold after 5 years, allowing part of the capital spent on the passport by investment to be recouped.
Investor
Married couple
Family of 4, excluding siblings
Family of 5 or more
Real estate purchase
$220,000
$220,000
$220,000
$220,000
Government fee
$50,000
$50,000
$50,000
$50,000
+ $25,000 for each parent over 55 years old or per child, starting with the fifth family member
+ $50,000 for each parent under 55 years old
+ $75,000 for each sibling
Due Diligence
$5,000
$10,000
$5,000 for the investor and each family member aged 17 or older
$5,000 for an investor and each family member 17 years or older
Other fees and charges
$3,270
$6,540
At least $11,080
At least $15,620
Cost of citizenship by investment for a family of 4
Investor, wife and children 7 and 19 years old
Contribution to the fund
Real estate purchase
Investments
$200,000
$220,000
State fee
—
$50,000
Due Diligence
$15,000
$15,000
Other fees and charges
$12,080
$12,080
Total
$227,080
$297,080
Individual calculation of the cost of citizenship of Grenada
Get an individual calculation for your family with all associated costs and government fees
Why does the applicant need to contact a licensed agent?
Under Grenadian law, applications for citizenship by investment cannot be submitted by the investor directly. Investors interested in participating in the Grenada citizenship by investment program need to contact a licensed agent — a law firm that assists applicants at every stage of the citizenship process and submits the application on behalf of its client.
Immigrant Invest is a licensed agent of the Grenada Citizenship Program.
Step-by-step procedure for obtaining Grenada citizenship
1 working day
Preliminary check
Preliminary check
1 working day
Immigrant Invest is the only licensed agent in Russia with its own compliance department.
Investors’ documents are checked by a certified anti-money-laundering officer who is familiar with all the nuances of Due Diligence checks. They are experienced in finding the points in the applicant’s personal or business background that may cause their Grenada citizenship by investment application to be rejected.
Confidential verification. The investor only provides their passport.
2 to 4 weeks
Preparation of documents
Preparation of documents
2 to 4 weeks
Based on the requirements of the program and the results of the Due Diligence, Immigrant Invest’s lawyers draw up a list of required documents. It includes personal and financial documents, including passports, certificates, and bank statements.
Our lawyers certify copies of documents, fill out the required forms, and draw up written statements or affidavits. When the package of documents is ready, it is sent to the department of the Grenada Citizenship Program.
3 to 6 months
Due Diligence
Due Diligence
3 to 6 months
The Due Diligence procedure, which lasts for 3 to 6 months, begins as soon as the Grenada Citizenship by Investment Unit receives the required documents.
Sometimes during the check, questions can arise and the department may ask for additional documents or explanations. Immigrant Invest’s lawyers deal with these requests.
Up to 1 month
Approval and fulfillment of the investment condition
Approval and fulfillment of the investment condition
Up to 1 month
The Citizenship by Investment Unit informs Immigrant Invest when an application has been approved. Once the notification of approval is received, the investor must fulfill the investment option chosen — make a donation to the fund or purchase real estate — within 30 days.
Up to 4 weeks
Obtaining a passport
Obtaining a passport
Up to 4 weeks
The citizenship documents are prepared within 4 weeks from the date of the investment. Immigrant Invest sends the passport and naturalization certificate to the investor by courier.
Schedule a meeting in one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
Who can obtain Grenada citizenship together with the investor?
The investor’s spouse, children under 30, siblings over 18, and parents of any age are eligible to participate in the program. All adult family members, except for the spouse, must be financially dependent on the investor.
The composition of the family affects the cost of the investment. For example, a married couple with two children contributes $200,000 to the state fund, while a couple with three children and a 60-year-old grandmother contributes $250,000.
The investment can be partly recouped only when the real estate purchase option is chosen. The contribution to the state fund is non-refundable.
An investor can sell the real estate after a period of 5 years. During the time that the investor owns the property, they can earn 2 to 5% per annum in rental income.
Can applications for Grenada citizenship by investment be submitted without an agent?
No, the participation of a licensed agent is required by law. Only a registered agent can submit an application to participate in the Grenada Citizenship Program on behalf of the investor.
Which family members must undergo Due Diligence?
Due Diligence check is to be passed by all family members 17 years and older who are included in the application.
What are the additional costs of the program?
In addition to fulfilling the chosen investment condition, the applicant pays government fees and duties, as well as costs for legal services and for documents sent by courier.
The government fees include:
$5,000 Due Diligence fee for each family member over 17;
$1,500 Application fee for each family member;
$1,500 Application processing fee for each family member over 18 years old;
$500 Application processing fee for each family member under 18;
$250 Passport fee for each applicant;
$20 Oath-taking fee for each applicant.
The total cost of participating in the Grenada Citizenship Program depends on the number of family members included in the application and their specific situation. The costs are calculated individually.
Immigrant Invest
