Grenada

Citizenship by Investment

About the Program.

Grenada Citizenship by Investment, launched in August 2013, is one of the Caribbean's newer programs. The Citizenship by Investment program's mission is to strengthen the country by stimulating economic growth through foreign investment. You must be at least 18 years old, of good character, and have no criminal record to apply. You must also make a non-refundable donation to the National Transformation Fund or invest in government-approved real estate projects.
Processing time
5 months
Visa free travel
Instant visa-free travel to 144 countries, including the Schengen countries, China, United Kingdom, Singapore and Hong Kong
Investment type
Contribution to Grenada’s Government or Investment in Grenada’s Government Approved Projects
Family dependents
Spouse, children below 30 years old, elderly parents above 55 years old and siblings 18 years and above
Passport validity
Five (5) years

COUNTRY INFO

Grenada is an island country of the West Indies; it is a cluster of islands consisting of the main island (Grenada) as well as six smaller islands in the southeastern Caribbean Sea. Grenada gained independence in 1974 without breaking formal ties with the

Commonwealth. It is famously known as the “Isle of Spice” for its spice trading business and it is beautifully known for its breathtaking natural beauty and idyllic beaches. Grenada’s second passport and citizenship program is a well-established and very trusted Citizenship by Investment Program. Worldwide investors have invested in this Grenada’s second passport given its many benefits of visa-free travel, preservation of wealth and passport reputation

CAPITAL

Saint George’s

POPULATION

111,219

LANGUAGE

English (official), French patois

GOVERNMENT TYPE

Parliamentary democracy (Parliament) and Commonwealth realm

CURRENCY

East Caribbean dollars (XCD), tied to USD

EXCHANGE RATE

1 USD = 2.7 XCD

COSTS

To be eligible for the citizenship of Grenada under its Citizenship by Investment Program, there are two options to choose from:

DUE DILIGENCE & BACKGROUND CHECKS

Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. Adeniyi Associates professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.

REQUIRED DOCUMENTS

For each case, Adeniyi Associates assigns a Document Collection Specialist. The firm provides a customized service that streamlines the application process while requiring the bare minimum from clients. Our job is to make the document collection process as simple as possible for the client, and when required, we obtain the documents without their involvement. Please keep in mind that Adeniyi Associates will draw up a personalized checklist for your application.

TIMELINE

The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.

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.

E2 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

Smooth 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.

Less residency required

There are no residency requirements – you are eligible to apply immediately

Dual Citizenship

There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.

Yes, you can include qualified members of your family in the application or add them after you have obtained your citizenship for an additional fee. A qualified family member can be a child not older than 18 years, a child up to 30 years old that is financially dependent, parents above 55 years old and siblings above 18 years old.
The Grenada Government does not require you to pass any interviews, language tests or have previous work experience to be able to apply for this program.
You are not required to visit Grenada before obtaining your citizenship, you are, however, welcome to visit and explore the country.
No, the passport of Grenada is not yet issued as a biometric passport, also known as an ePassport.
The new biometric passport of Grenada has 36 pages with each page containing watermarks depicting national images.

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