program
Grenada Citizenship by Investment
Program Overview
Minimum Investment
$235,000 Donation
Minimum Investment
$270,000 Real Estate
Time to Citizenship
6-8 Months
Visa Free Access
140+ Countries & Territories
Grenada Citizenship by Investment Requirements
Launched in August 2013, the Grenada Citizenship by Investment program is one of the newer Caribbean programs. The mission of the Citizenship by Investment program is to strengthen the country by creating economic growth through foreign investments.
As an applicant, you must be at least 18 years of age, of good character and without a criminal record.
Additionally, you are required to make a non-refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Receive approval by the government
- Confirmed investment sources
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 30 years of age
- Dependent parents
- Unmarried Siblings over 18 years and below 30 years of age
Grenada Citizenship by Investment Benefits
Visa-free travel
Visa-free and visa-on-arrival travel to over 140 countries and territories including Hong Kong, Singapore, China, Russia, The Schengen area, and the United Kingdom.
E-2 Investor Visa
The Grenada program is the only one of the Caribbean citizenships by investment programs that offers an opportunity to obtain an E-2 Investor visa in the United States of America
Straightforward process
Designed to be a smooth and straightforward process with a timeframe of 6 months to your new citizenship.
Tax relief
Grenada imposes minimal taxation, with an exception of no taxation on wealth, gift, inheritance, foreign income, or capital gain.
Minimal residency required
There are no residency requirements – you are eligible to apply immediately
Dual Citizenship permitted
There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.
GRENADA | Citizenship by Investment
Legal Basis in Grenada
The Citizenship by Investment (CBI) program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament. It stipulates that any person can apply for naturalisation and may be eligible for Citizenship on payment of fees if the government is satisfied that such person has invested substantially in Grenada. The act allows for investment to be made in either one of two ways: The first is by making a contribution to the National Transformation Fund, which assists the development of Grenada’s resources, with the aim of benefiting Grenadians. The other option is an investment in a government-approved real estate project, which comes into being after being reviewed and recommended by the committee to the government Minister in charge.
Costs of Grenada Citizenship by Investment
Single applicant
USD 235,000
An applicant with up to 3 dependents
USD 235,000
Each additional qualified dependent below the age of 18
USD 25,000
Each additional qualified dependent above the age of 18
USD 50,000
Qualified sibling
USD 75,000
Minimum investment amount
USD 270,000
Main Applicant
USD 50,000
Main applicant with up to 3 qualifying dependents
USD 50,000
Each additional qualified dependent below the age of 18
USD 25,000
Each additional qualified dependent above the age of 18
USD 50,000
Qualified sibling
USD 75,000
Processing fees per person
USD 1,500
Processing fees for dependents below 17 years of age
USD 500
Processing fees for dependents aged 17 years or above
USD 1,500
Application fees per person
USD 1,500
Due Diligence per person over 17
USD 5,000
Interview fee per person 17 and over
USD 1,000
Application Process For Grenada Citizenship by Investment
Application Process
6 months
- Step 1Savory & Partners will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.
- Step 2Savory & Partners' professional team will assist and advise you with the collection of the documents required according to the government checklist.
- Step 3Once your application is submitted, you're required to pay due diligence fees, investment, government fees into the authorised escrow account.
- Step 4Due diligence report is issued to the government, who will then make a decision. In case of rejection, the client will be refunded accordingly.
- Step 5The balance of professional fees is paid. The citizenship certificate and passport are issued in your name.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Grenada Citizenship
Visa-free and visa-on-arrival countries
140+ Countries & Territories
Visa-free access (114 countries & territories)
- Andorra
- Antigua and Barbuda
- Argentina
- Armenia
- Austria
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belgium
- Belize
- Benin
- Bolivia
- Bosnia and Herzegovina
- Botswana
- Brazil
- Bulgaria
- Cambodia
- Cape Verde
- Chile
- China
- Colombia
- Comoros
- Costa Rica
- Croatia
- Cuba
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- Estonia
- Ethiopia
- Fiji
- Finland
- France
- Gabon
- Gambia
- Georgia
- Germany
- Greece
- Guinea-Bissau
- Guyana
- Haiti
- Hungary
- Iceland
- India
- Indonesia
- Iran
- Ireland
- Israel
- Italy
- Jamaica
- Jordan
- Kenya
- Kiribati
- Kyrgyzstan
- Laos
- Latvia
- Lesotho
- Liechtenstein
- Lithuania
- Luxembourg
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Mauritania
- Mauritius
- Micronesia
- Moldova
- Monaco
- Montenegro
- Mozambique
- Nepal
- Netherlands
- Nicaragua
- Norway
- Palau
- Panama
- Peru
- Philippines
- Poland
- Portugal
- Qatar
- Romania
- Russia
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Senegal
- Seychelles
- Singapore
- Slovakia
- Slovenia
- Solomon Islands
- Somalia
- South Korea
- Spain
- Sri Lanka
- Suriname
- Swaziland
- Sweden
- Switzerland
- Tajikistan
- Tanzania
- Timor-Leste
- Togo
- Trinidad and Tobago
- Turkey
- Tuvalu
- Uganda
- Ukraine
- United Kingdom and Crown dependencies
- Uruguay
- Vanuatu
- Vatican City
- Venezuela
- Zambia
- Zimbabwe
Visa on arrival (27 countries & territories)
- Bolivia
- Burundi
- Cambodia
- Cape Verde
- Comoros
- Djibouti
- Egypt
- Guinea-Bissau
- Jordan
- Laos
- Madagascar
- Maldives
- Mauritania
- Mozambique
- Nepal
- Nicaragua
- Niue
- Palau
- Samoa
- Senegal
- Seychelles
- Sierra Leone
- Solomon Islands
- Timor-Leste
- Togo
- Turkey
- Tuvalu
(eTA) access (3 countries & territories)
- Kenya
- South Korea
- Sri Lanka
e-Visa access (33 countries & territories)
- Albania
- Armenia
- Australia
- Bahrain
- Benin
- Bhutan
- Burkina Faso
- Cameroon
- Congo (Dem. Rep.)
- Côte d’Ivoire (Ivory Coast)
- El Salvador
- Equatorial Guinea
- Ethiopia
- Gabon
- Georgia
- Guinea
- India
- Indonesia
- Iran
- Kazakhstan
- Kyrgyzstan
- Libya
- Mongolia
- Nigeria
- Oman
- Pakistan
- Papua New Guinea
- Sao Tome and Principe
- South Sudan
- Tajikistan
- Thailand
- United Arab Emirates
- Vietnam
Client Success Stories
Success Stories - A safe and bright future
The problem
Our Indian client, a business owner and single parent was looking for long-term residency in a country that would ensure quality education and safety for his daughter. With a successful business set-up in his home country, he could not consider relocating as it would limit his growth opportunities. At the same time, he wanted to secure a bright future for his daughter ensuring world-class education but was also wary about her well-being and safety. Above all, recently divorced, it was challenging for the client to procure documents for his daughter.
The solution
When the client approached Savory & Partners, we considered the many sentiments involved including that of a father, a dedicated businessman and a single parent. We understood his requirement and prepared a strategy that would not only serve his personal life positively but would see his business grow by leaps.
We recommended Portugal, not just for the simplicity of obtaining a residence permit but its exceptional education system and healthcare. Portugal is known for its outstanding higher education institutions.
Portugal has a lot of different immigration options available. The passive income - the D7 visa, the newly christened Digital Nomad Visa and the option that is tailor-made for businessowners - the Portuguese D2 visa.
Our client could fulfill his residency requirements while also maintaining an active management role in his company without worrying about spending too much time outside of Portugal.
With residential flexibility of the Golden Visa, his daughter could relocate to Portugal immediately and he could fulfil his residency requirements while also maintaining an active management role in his company back home without worrying about spending too much time outside of Portugal. As of 2021, Portugal is globally ranked in the top ten in terms of ease of registering a company. Meaning our client would not only go ahead and bring his existing business to Portugal but could venture into new business opportunities across Europe.
Approaching Savory & Partners to undertake his residency application ensured that the client would have all the necessary documents for himself and his daughter ready on time. Our agents oversaw that all requirements for a successful due diligence were also fulfilled.
Download brochure
Content
- Grenada Country profile
- Benefits of the program
- Investment requirements
- Investment process
Length
4 pages
Language
English & Arabic
size
1 mb
ABOUT GRENADA
CAPITAL
St. George’s
TOTAL AREA
348.5 km²
POPULATION
126,887
LANGUAGE(S)
English, Grenadian Creole English, Grenadian Creole French
CURRENCY
East Caribbean Dollars (XCD)
EXCHANGE RATE
1 USD = 2.70 XCD
GDP – PER CAPITA (2022)
USD 9,689
GDP – TOTAL (2022)
USD 1.215 billion
About Grenada
More commonly known as the “Spice Isle”, Grenada offers beautiful unspoilt beaches, diving, sailing, hiking and so much more. The island welcomes all potential individuals, businessmen and families of the highest calibre to come and experience the high-end lifestyle and natural beauty that the has on offer.
Country Background:
- This peaceful and welcoming nation in the south-eastern Caribbean Sea comprises of a handful of islands. Famed for its tropical scenery, dramatic waterfalls and stunning beaches, this small archipelago is one of the world’s most exclusive tourist destinations and considered home by many expatriate professionals and second passport holders.
- Grenada is a politically stable country with the Prime Minister as the leader of the government. The island has excellent financial regulations and is home to a number of Canadian banks.
- Tourism is the biggest earner and it, directly and indirectly, supports much of the country’s 100,000 population. Grenada is the world’s second-largest producer of nutmeg.
- The island is 12 degrees North of the Equator and, unlike many tropical locations, it is outside the hurricane belt.
- The islands have a tropical sunny climate with an average year-round temperature of 28°c. Although the climate is warm all year round, the island experiences some seasonal changes depending on altitude.
- The island has an excellent infrastructure with modern roads and highways, reliable electricity and water supplies in addition to a state-of-the-art communications network.
- The country is a member of the British Commonwealth and the United Nations.
- The legal system is well-respected and based on English law.
- The islands are easily reachable to visitors with direct flights from Toronto, New York, London, Miami and many other cities across the world.
Where is Grenada?
Grenada is an island country located between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago.
GRENADA | Citizenship by Investment
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