Citizenship by Investment in Grenada

Citizenship by Investment Program in Grenada has been re-established by the Citizenship by Investment Act, No. 15 of 2013. The Law allows foreign investor to qualify for expedited naturalization as Grenadian citizens in two ways: real estate investment or official donation to the state-owned foundation. There is no requirement to visit Grenada in order to qualify for citizenship. Strict due diligence procedure will apply. Citizenship applications will be processed within 60 days with a passport to be issued shortly afterward.

Benefits of Being a Citizen of Grenada

1. Visa-free travel to many countries of the world, including Schengen Area (EU), United Kingdom, Ireland, China, and Singapore.
2. Citizenship of Grenada is available for investor and his close family members.
3. Facilitated business immigration to the US (through E2 visa which is available for restricted list of countries including Grenada).
4. Grenada has no income, wealth or inheritance taxes.
5. Dual citizenship is allowed. No need to renounce your current citizenship.

Investment options are as follows:

1. Investment in in an Approved Real Estate Project. The investment is subject to a minimum holding period of five years. The minimum threshold is USD 270,000 for a family of 4 members. The investment does not include government processing fees, due diligence check and other costs in the total amount of USD 50,000. For every additional child (if the family consists of more than 4 members) the Government charges additional 25,000 USD.
2. A non-refundable donation to the Island Transformation Fund in the amount of amount USD 235,000 (for a single applicant or for a family of 2-4 persons). For every additional child (if the family consists of more than 4 members) the Government charges additional 25,000 USD.

Questions and Answers:

Question: Is citizenship in Grenada passed on to future generations?

Answer: In Grenada, citizenship can be passed on from generation to generation. Upon acquiring citizenship, the main applicant can apply for citizenship for any minor child. In future, the main applicant’s child who has been granted Grenadian citizenship can apply for their minor children (i.e. the main applicant’s grandchild) to become a Grenadian citizen, and so on for generations to come.

At “Elma Global” we cooperate with reputable immigration lawyers in Grenada and we shall be happy to assist you in acquiring citizenship by investment in Grenada at the best prices available on the market. If you have any questions contact us today.

Updated 04.07.2024