Personal information & Eligibility criteria
Living in Grenada
Table of Content:
The ‘Isle of Spice,’ as it’s called, Grenada is an astonishing place on Earth, hidden in the most flavorful part of the Caribbean Islands, as the aroma of nutmeg and mace crops dominates all around.
Why acquire a Grenada passport
Ease of travel
This Caribbean passport opens a wide area of the world, enabling you to go to over 135 countries. As a big plus, China grants a 30-day visa-free entrance.
Minimal effort to obtain
There is no interview during the application process, nor language tests or education requirements to fulfill.
Citizenship may be extended to family members, as there is no need to visit or reside in Grenada before or after citizenship is granted.
The only Caribbean passport that allows you to start a local business and reside in the United States of America. You can also apply for a 10-year, short-term business and tourist visa.
This is a lifetime citizenship, with just minimal processing fees and fast passport delivery times.
Dual citizenship allowance
Grenada allows for dual citizenship
If you would like to apply for this program, you must be over 18 years old, be of outstanding character, have excellent health, and hold no criminal record. All this, in addition to making a substantial contribution to the program. You can also include family members such as:
- Children under the age of 18 years. If they are between 18 and 30 years old, they must be fully financially dependent on the investor or their spouse. It is important to note that, contrary to other Caribbean countries, Grenada does not require proof that the children are attending any higher educational institution.
- Children aged 18 or over that are physically or mentally challenged.
- Another benefit of this program, compared to other Caribbean programmes, is that parents or grandparents of the main applicant or the applicant’s spouse can be of any age. They also must be fully financially dependent on the investor.
- Unmarried siblings of the applicant or the spouse, regardless of whether they are biological or adopted siblings, aged at least 18 and with no children.
Grenada allows participation in the program via two paths: either contributing to the National Investment Fund or investing in a pre-approved Real Estate project with a minimum hold of five years.
The National Transformation Fund (NTF)
The NTF was established in 2013 with the objective of developing a more prosperous and independent economy for Grenada and it’s used mainly to finance projects in various industries, including tourism, agriculture, and alternative energy.
When donating to the NTF, investors get a true sense of contributing to their new nation’s well-being, while also enjoying the advantage of this faster and straightforward option.
A single investor can acquire citizenship in Grenada by making a minimum nonrefundable contribution of USD 150,000 to the fund. A family of four will consider an initial contribution to the fund of USD 200,000. Different fees apply according to the family group members and ages.
Real Estate Investment
The second option available to applicants looking to obtain citizenship by investment in Grenada is to invest in a government-approved project. These projects include real estate developments such as hotels, villas, and resorts. Due to the increased growth of the tourism industry, there is a rising demand for tourist housing facilities, making real estate developments an excellent opportunity for investors looking to obtain a return on their investment.
Applicants opting for the approved real estate project route must invest at least USD 220,000 for a single applicant or up to a family of four. They must keep the investment for at least five years following the grant of citizenship. An additional minimum non-refundable contribution of USD 50,000 applies on top of other applicable fees.
More detailed information is available through The Immigration Office assessment. All our Investment assessments are free, individually made according to your needs, and 100% confidential.
Host to some unspoiled and exotic landscapes, there are many nature’s wonders to be discovered, from paradisiac white and golden sand beaches, to serrated mountain peaks, stunning waterfalls, hidden coves, and flourishing green rainforests.
Part of the Windward Islands, English and Grenadian Creole are the languages heard on the streets of this Caribbean paradise. The capital and largest city is St. George’s, as the country stands with a population of 113,000 inhabitants.
Grenada’s location close to the Equator ensures a year-round tropical climate, with average temperatures ranging between 23 and 28 °C. Cooling trade winds offer wonderfully comfortable conditions to enjoy life on this idyllic island.
Its economy has a stable and secure currency, part of the Easter Caribbean Central Bank and currency system, which is tied to the United States dollar, thus providing and sustaining great business opportunities. Adding to the beauty of this island, there are no taxes on the repatriation of profit, no known tax on wealth, inheritance taxes or capital gains.Start your FREE ASSESSMENT now