Popularly known as “The Spice Island”, because of the myriad of locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
Ways to obtain Grenada citizenship by investment
- Make a non-refundable donation to the government of Grenada, with prices starting from $235,000 USD for an individual applicant, or for a family up to 4, (additional family members can be added with additional fees).
- Or make an investment in a government approved hotel real estate project, with pricing starting from $270,000 USD – and hold the investment for 5
- Or make an investment in a government approved hotel real estate project, with pricing starting from $350,000 USD – and the investment is to be held for 3 years.
** Additional fees apply for governmental, legal, and administrative Final pricing
dependent on family size and age of family members.
Eligibility Requirements for Grenada citizenship by investment
- The main applicant must be over 18 years of age.
- Be of outstanding character.
- Have a clean criminal record.
- Mandatory interviews required for those who are 17 years old and older.
- Have a high personal net worth
- Must not have rejected visa entry to any of the countries of which Grenada enjoy a visa-free entry treaty with.
Benefits of obtaining Grenada citizenship by investment
- Visa-free travel to over 145 countries including the Schengen Zone, UK, Ireland, China, Russia,
KSA “E-Visa” - Applicants are eligible to apply for the USA- E2 Visa (conditions apply).
- Obtaining citizenship and passport for the main applicant and qualifying family members, –
inclusive of financially dependent children to the age of 30, and financially dependent parents
age 55 and above (Dependent parents Less than 55 can be added with higher fees) - Siblings of the main applicant or spouse who are 18 years and older may also apply, as long as
they are unmarried - The processing time for the passport is between 6 and 9 months.
- No requirement to travel or reside in Grenada during the application process or later on after
obtaining the Citizenship. - Obtain a Grenada passport (nationality) for life.
- Grenada recognizes dual citizenship, so investors can still benefit from their current passports.
- No tax on worldwide income.
- Grenada is a Commonwealth
Process and Steps to Obtain Grenada Citizenship and Passport
- Step 1: Preparation of documentation and compiling the file.
- Step 2: Submission of the file to the government of Grenada.
- Step 3: Receipt of approval from the government.
- Step 4:Transferring investment amount (either contribution or real estate investment).
- Step 5: Receipt of citizenship certificates and passports.
FAQs about Grenada Citizenship by investment Program
What is the estimated processing time to get the passports?
On average the whole process should take from 6 to 9 months.
Do I need to give up my original citizenship when I acquire Grenada Citizenship by investment?
No, Grenada allows dual citizenship.
Do I have to reside in Grenada to obtain citizenship by investment?
No. There is no requirement for physical residence to obtain citizenship under the program’s regulations.
Which family members can I add to my application?
Grenada Citizenship by investment is granted to the family – including dependent children up to the age of 30. The program also allows the inclusion of parents over 55 years of age, unmarried siblings of the main applicant and spouse over 18 years of age, who do not have children.
How much does the program cost?
The investment amounts differ from one investment stream to another as well as the number of family members that will be included in an application
Can your company assist with the renewal of expired Grenada passports?
Absolutely! Prime Properties offers services to help you renew your Grenada passport after it has expired.