Grenada’s Citizenship by Investment Program allows individuals and their families to obtain citizenship or permanent residence. Individuals who obtain citizenship through Grenada’s Citizenship by Investment Programme are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada at all times, and all the rights associated with membership of the Caribbean Community (CARICOM).
Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. Children and young adults may obtain preferred access, and in some cases grants, to top schools and universities.
Grenada’s Citizenship by Investment Program Key Program Highlights
- Single applicant starts from $200,000.
- 121 Visa-free countries.
- 3-4 months to complete.
- Family qualifies under one investment.
Grenada’s Citizenship by Investment Program Benefits
The Citizenship by Investment Program came into being when the Grenadian Parliament passed the ‘Grenada Citizenship by Investment Act, 2013.’ To qualify for citizenship, the primary applicant must meet all application requirements, including being of good character and sound health.
- Lifetime citizenship.
- No residency requirement.
- Grenada allows dual citizenship.
- No taxation on worldwide income.
Applicants can pursue two investment routes. Individuals can make a non-refundable contribution to the National Transformation Fund – with the contribution determined by the number of dependents; or invest in an approved Real Estate project. The real estate must be held for at least three years after obtaining legal citizenship.