Grenada, known as the ‘Spice Isle’, is one of the most beautiful and lush islands of the West Indies. The archipelago consists of the island of Grenada itself and two smaller islands in the southeastern Caribbean Sea. Grenada is a member of the Commonwealth, entitling its citizens to certain privileges in the UK and other member states.
GRENADA
((Citizenship by Investment Program))
VISA FREE DESTINATIONS:
148
PASSPORT INDEX RANK:
32nd
OVERVIEW:
PROCEDURE:
Once an application is submitted, the government should provide approval within 90 days. Thereafter, the qualifying investment is made and the citizenship documents are issued.
MINIMUM CAPITAL REQUIREMENT:
Minimum contribution of USD 150,000 – Minimum contribution of USD 100,000 – Starting June 30th, minimum threshold will be USD200,000
MAIN APPLICANT REQUIREMENTS:
● A minimum age of 18 years
● No criminal record
Satisfy one of the following two qualifying options:
● USD 150,000 donation to the National Transformation Fund for a single applicant, or USD 200,000 for a family of four members. An additional USD 25,000 applies for each family member thereafter (excluding qualifying siblings and dependent parents aged 55 and under), USD 50,000 for each parent aged 55 and under, and USD 75,000 for each qualifying sibling
● USD 220,000 minimum purchase of real estate from an approved real estate project, plus an additional minimum non-refundable contribution of USD 50,000. If the property is resold as a qualifying investment to another citizenship by an investment investor, it must be held for five years. Alternatively, it can be sold at any point after purchase.
● Additional fees apply.
PROCESSING TIME:
3-4 Months
KEY BENEFITS:
- Visa-free or visa-on-arrival travel to over 140 destinations
- Eligibility to apply to the USA for a nonimmigrant investor visa after being domiciled in Grenada for a continuous period of at least three years, due to the country’s E-2 Investor Visa treaty.
- 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 of any age
- No restrictions on dual citizenship in Grenada
- No minimum stay required
