Grenada is a member of the British Commonwealth and obtained independence from Britain in 1974.
The economy of the nation is tiny yet open, with a strong tourism sector. Mace and nutmeg, which Grenada produces in greater quantities than any other country in the world (behind Indonesia), are its main export products.
With the enactment of the Citizenship by Investment Act, 2013, the Grenada Citizenship by Investment Program was once again made available.
Holding a Grenadian passport allows you to visit 145 countries, including major business and leisure hubs like China, the UK, and the Schengen Area of Europe, without a need for a visa.
Only Grenada, out of all the Caribbean nations, has a citizenship procedure that is in compliance with the USA’s E-2 Investor Visa treaty. This means that Grenada’s nationals can apply for a a nonimmigrant visa.
A substantial financial commitment to the nation or the purchase of a qualifying asset with government approval are the two requirements for candidates to the Grenada Citizenship by Investment Program.
The applicants and their families will receive citizenship in return, subject to a rigorous screening and due diligence procedure that includes extensive background checks.
Benefits Of Grenada Citizenship By Investment
Visa-free or visa-on-arrival access to over 140 destinations, including China, Hong Kong, Singapore, the UK, and Europe’s Schengen Area
- The only Caribbean citizenship by investment program that holds an E-2 Investor Visa. Treaty with the USA, allowing citizens to be eligible to apply for a non-immigrant visa after being domiciled in Grenada for a continuous period of three years
- Citizenship transferable to new spouses and future generations
- The ability to include a spouse, children under 30, unmarried siblings aged 18 and over, parents, and grandparents of the main applicant and spouse
- No restrictions on dual citizenship in Grenada
- No minimum stay required
Requirements Of Grenada Citizenship By Investment
To qualify for citizenship, the primary applicant must be over 18 years of age, meet the application requirements, and satisfy one of the two primary qualifying options:
- National Transformation Fund donation option: A minimum non-refundable contribution to the NTF of USD 150,000 for single applicants
- Real estate option: A purchase of at least USD 220,000 from a government-approved real estate project. An additional minimum non-refundable contribution of USD 50,000 applies for this option. The real estate must be held for five years if it is resold as a qualifying investment to another citizenship by investment investor. Alternatively, it can be sold at any point after purchase.
Procedure & Time Frame
The procedure for applying for Grenadian citizenship is quick and easy, and it doesn’t require the candidate to travel to Grenada in order to finish.
Normally, the government responds to applications within ninety days after receipt. The successful candidates will receive their passports in ten working days.
It’s not necessary for applicants to pick up their passports in person.Depending on the project, the timeline may change under the real estate option.
As a result, it’s critical to choose a real estate project that can supply the required developer documentation.