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
Applying Through Unauthorized Agents
The Challenge
Our client, a Lebanese national living between Lebanon and Nigeria, had high hopes for an Antigua passport to expand his travel freedom. But things didn’t go as planned. He had applied through an unauthorized agent, and the process hit a major roadblock.
The Antigua Citizenship by Investment Unit flagged issues with his application and sent him an "intention to deny" letter. This meant there was something wrong, and unless it was fixed, his application would be rejected. Even worse, a rejection would stop him from applying for any other Caribbean citizenship unless he withdrew this application first.
Our Solution
When the client reached out to us, we immediately got to work. It didn’t take long to uncover the problem: his 28-year-old son, included in the application as a dependent, didn’t meet the eligibility criteria. The required documents to prove the son’s financial dependency were missing.
After withdrawing the Antigua application, we recommended a better route: applying for a St. Kitts and Nevis passport instead. This program not only aligned with the client’s needs but also offered flexibility in including dependents, provided their eligibility was properly documented.
We recommended the Sustainable Island State Contribution (SISC) option for its speed and simplicity. Under this option, the client would make a non-refundable contribution to the government fund, ensuring a streamlined approval process.
Our team meticulously prepared the application, ensuring it met all requirements. Key steps included:
- Documenting dependency: We gathered proof of the son’s financial dependency, including university enrolment letters, tuition payment receipts, and bank statements showing regular transfers from the client.
- Due diligence compliance: We ensured all family members met the program’s rigorous background checks by compiling detailed records and working closely with our compliance team.
Every document was double-checked to make sure the application was solid.
The Result
With everything in order, the application was approved. The client and his son are now proud holders of St. Kitts and Nevis passports.
This passport opens up visa-free travel to more than 150 countries, including the UK, the EU, and Hong Kong. For the client, it means hassle-free travel for business and leisure. For his son, it unlocks world-class education and new career opportunities.
Why Choose St. Kitts and Nevis Citizenship?
Securing Caribbean citizenship through a trusted and authorized agent is essential for ensuring the success of your application. Here is what you get:
- Visa-free travel to over 150 countries, including the UK and EU
- Fast processing with secure and approved pathways
- A reliable citizenship-by-investment option with full legal support
- Eligibility to extend benefits to your family members, including children and parents
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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