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Grenada

Grenada is an island country and sovereign state consisting of the island of Grenada and six smaller islands at the southern end of the Grenadines in the southeastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines. Grenada is also known as the “Island of Spice” due to the production of Nutmeg and mace crops of which Grenada is one of the world’s largest exporters.

Program

The Citizenship by Investment Program allows foreign investors to obtain full legal citizenship and passports for an investor and their family where that investor has made a significant investment in Grenada. Presently the qualifying investments are

  • a contribution to the National Transformation Fund of a minimum amount of USD $200,000
  • an investment in a pre-approved real estate at a value of USD $350,000 for a minimum of 5 years.

The highlights of this program are

  • Access to 124 countries and territories including Schengen Countries, Honk Kong and Singapore
  • Processing time in 3-4 months
  • No residency or test requirement
  • No tax for non-residents
  • Dependents up to age 25 and above 65
  • E-2 Visa Program allows citizens of Grenada to reside and operate a business in US

Cost Breakdown

National Transformation Fund Option

A non-refundable contribution of:

  1. Single Applicant: USD $200,000
  2. Family of up to four (main + spouse + up to 2 dependants): USD $200,000

Additional dependants: USD $25,000 per dependant

Real Estate Option

Minimum investment of USD $350,000 in an approved project along with the following Processing fees:

  1. Single Applicant: USD $50,000
  2. Family of up to four (main + spouse + up to 2 dependants): USD $50,000

Additional dependants: USD $25,000 per dependant

Additional Fees

Additional fees for all options

  1. Due Diligence for Main Applicant: USD $5,000
  2. Due Diligence for Spouse: USD $5,000
  3. Due Diligence for Dependants between 12 – 17 years old: USD $2,000 per dependant
  4. Due Diligence for Dependants above 18 years old: USD $5,000 per dependant
  5. Application: USD $1,500 per applicant
  6. Processing for applicant above 18 years old: USD $1,500 per applicant
  7. Processing for applicant below 18 years old: USD $500 per applicant