Grenada Citizenship by Investment

Obtain Grenada Citizenship by Investment: The Ultimate Guide

The Grenada Citizenship by Investment program was launched in 2013 by the Parliament of Grenada. It provides low-cost entry to obtain a Grenada Passport. The Grenada Citizenship by Investment program has a strict rule on due diligence, and it also attracts investors with high net worth to bring foreign direct Investment through government-sponsored projects to boost the economy. Grenada is one of the Island countries that signed a treaty with the US and China to make this program unique from other investment programs.  

Why Choose Grenada?

Grenada recognizes the dual citizenship of the investors along with their dependent children, spouses, and parents. Also, there is no physical residency requirement to obtain a Grenada Citizenship by Investment Program. However, the investor will get visa-free travel to 140+ countries and enjoy the benefits of the no taxation policy in the worldwide income.

Grenada has an E-2 visa program treaty with the United States, so investors who have obtained citizenship in Grenada can quickly run a business there. Grenada is famous as a spice Island due to its production of spices like nutmeg, cinnamon, cloves, etc., which allows investors to seek a rewarding destination for business. Grenada also has a stable political system and economy because the government has implemented a policy for the growth of the industry and attracts foreign direct Investment due to its favourable tax regime and fiscal incentives to investors.

Grenada Citizenship by Investment Program’s Criteria of Eligibility

The Individual has criteria for eligibility to obtain citizenship by Investment in Grenada, which must be followed.

1. Age Eligibility to Apply for Citizenship

The Individual must be at least 18 years old to apply for the Grenada Citizenship by Investment.

2. Clear Background

The Individual is required to have a clear background with no criminal record during the time of the submission of the application for Grenada's citizenship by Investment.

3. Options of Investment to Obtain Citizenship in Grenada

The individuals have several investment options approved by the government to choose to become a part of the Grenada Citizenship by Investment Program.

4. Solid Financial Background

The individual needs to provide evidence of their financial background while investing.

5. Good Health Requirements

The Individual and their family members must go through health checkups to ensure that they are in good health and submit the report of the medical examination along with the application and other documents.

6. Members of the Family

The individuals can include their family members in the Grenada Citizenship by Investment Programs.

7. No Requirement of Residency

In conducting the Grenada Citizenship by Investment, there is no requirement of residency in Grenada before or post-approval.

Benefits of Acquiring Citizenship by Investment in Grenada

There are several benefits for acquiring Grenada Citizenship by Investment to individuals, such as:

1. Opportunities for Visa-Free Travel

Grenada passport holders can travel visa-free to over 140 countries, and the Individual will become a part of the E-2 investor visa treaty, which makes an individual run a business in the United States, and Grenada Citizenship by Investment provides no restriction in travelling to China.

2. Global Flexibility

It increases global flexibility due to visa-free travel to some countries without any requirement for other applications. The emerging reputation of Grenada as a business-friendly environment adds credibility to the growth of the market.

3. Favourable Policies for Tax

Grenada Citizenship by Investment helps people enjoy a tax advantage in Grenada. As a Citizen of Grenada, you can take advantage of various tax policies in the country that will benefit investors or businesses. Grenada does not impose a personal income tax on its citizens, and income earned internationally is not subject to tax in Grenada.  

Who Can Apply for the Grenada Passport through the CBI Program?

The applicants and their dependent family members can become a part of the Grenda Citizenship by Investment Program; below is the list of the individuals who can be included by the applicant in the Grenada Citizenship by Investment.

1. Investor

Applicants as investors with an excellent financial background can obtain a Grenada passport by choosing an investment option.

2. Spouse

The applicant can include their spouses in the investment option to access Grenada Passport through Grenada Citizenship by Investment.

3. Children Up to 30

The applicant can include their children up to the age of 30 years in the investment option to access Grenada Passport through Grenada Citizenship by Investment.

4. Mentally or Physically Challenged Children

The applicant can include their mentally or physically challenged children in the investment option to access the Grenada Passport through Grenada Citizenship by Investment.

5. Dependent Parent

The applicant can include their parents in the investment option to access a Grenada Passport through Grenada Citizenship by Investment.

6. Dependent Siblings

The applicant can include unmarried siblings in the investment option to access a Grenada Passport through Grenada Citizenship by Investment.

Consequences of Tax by Obtaining a Grenada Passport

Grenada does not have capital gains, inheritance, income or wealth tax on global income or assets. Still, the tax residents and non-residents are subject to tax on their Grenadian Source Income. There is a 28% Corporate income tax rate for the resident companies in Grenada, and in the case of non-resident companies, the tax is only paid on the profit earned from the source of income generated in Grenada.

How can an individual become a citizen of Grenada under the CBI Program?

• The Individual must be 18 years old.
• The applicant will not have any criminal record.
• Must have the source of funds for the Investment.

Grenada Citizenship by Investment Program Required Documents

The general documents required for Grenada Citizenship by Investment are given below:

• Application Form
• Copies of the passports of the Individuals and their families.
• Passport-size photos of the applicant and their family members.
• Birth Certificate copy
• Proof of Individual’s Residential Address
• Complete forms of the particular chosen investment option
• The Individual needs to provide evidence of the financial capability to invest and proof of funds
• A report of the medical examination needs to be submitted.
• A certified copy of the marriage certificates or divorce paper
• Specific document about the chosen investment option
• Evidence of Cost and Fee Payment
• National Identification cards of each applicant
• Oath to Commitment is required to be taken by each family member above the age of 18 years.

How will Enterslice help you apply for the Grenada CBI application?

Our specialists assist in the seamless or effortless process of obtaining Grenada’s citizenship by Investment for individuals and their family members. By acquiring the Grenada Passport, people will become eligible to travel freely, enjoy tax benefits, get an E2 visa, and have access to the US. Enterslice helps individuals, and their family members enjoy all the benefits of being citizens of Grenada.

1. Cost Minimization

Enterslice helps investors effortlessly obtain Grenada Citizenship by Investment and assists in the entire procedure of successfully acquiring Grenada Citizenship by Investment at a limited cost. Our motive is to provide a cost-effective pathway to gain second citizenship.

2. Due Diligence

Our specialist performs due diligence for background checks and examines the documents and the Grenada Citizenship by Investment application forms to ensure the smooth functioning of Grenada's Citizenship by Investment.

3. Assistance by Specialist

Our specialists assist in the choice of investment options and guide individuals about the benefits related to particular investment options. Our team of specialists helps you take every step toward acquiring Grenada Citizenship by Investment.

4. Verification of Papers

Our specialist will verify the papers required to be submitted along with the application.

Grenada Citizenship by Investment Program’s Investment Option

There are two investment options an individual needs to choose to obtain Grenada Citizenship through the Investment Program and to secure a second passport.

1. National Transformation Fund or an Investment

The National Transformation Fund is a donation to the Government of Grenada to obtain the Grenada Citizenship by Investment Program, with a minimum contribution of $150,000 for an individual. The contribution by the family member is stated below, along with the administration cost of processing the citizenship application. The processing fees will be $1500 per person and $500 for the person under 18 years of age.

• The Individual is required to contribute $150,000 with $ 1500 as application fees and $5000 as a due diligence fee to obtain Grenada citizenship by Investment.
• To obtain Grenada citizenship by Investment, the applicant and spouse must contribute $200,000, with $1500 per person as application fees and $5000 per person as a due diligence fee.
• The applicant needs to contribute $200,000 for their family of four, with $1500 per member of the family as application fees and $5000 as a fee for due diligence.

2. Real Estate Investment (Government-Approved Real Estate Projects) 

The government-approved real estate project requires a minimum investment of $350,000 to obtain Grenada Citizenship by Investment, which includes $50,000 as government fees, $1500 as application fees, $5000 as due diligence fees, and $1500 as processing fees per person. In the case of the applicant's family of more than four members, there is an additional requirement of $ 25000 when the family exceeds more than three members and $500 as a processing fee for a person under 18. When the real estate option with a minimum investment of $220,000 for each share in the unit. Requires obtaining Grenada Citizenship by Investment, which includes $50,000 in government fees and an additional $ 25,000 per member.

Advantages of Adding a Grenada Passport

• A prior visa is not required for 140+ countries.
• Applicants can easily include their family members in the investment application option.
• Grenada recognizes dual citizenship.
• The applicant must open a bank account in Grenada to register a company.

Grenada Citizenship by Investment, a Time Frame to Process the Citizenship Application in Grenada

Our specialist will assist the Individual in the entire application procedure to obtain Grenada citizenship by Investment, and you will receive the Grenada Passport within three to four months. Each Individual can get a Grenada Passport by choosing the investment option and obtaining the Grenada Citizenship by Investment.

Grenada Citizenship by Investment and E2 Treaty Investor Visa

Grenada has signed an E2 treaty with the US since 1989, and it makes citizens of Grenada eligible for the E2 treaty investor visa and are eligible to move to the US to invest and run a business. Also, there are no time limits for E2 Visas. Enterslice assists you with the E2 visa and helps you to obtain the E2 visa quickly and in a very short time. There is no restriction on the type of investment option to choose; you can still obtain an E2 Visa after obtaining Grenada Citizenship by Investment.

Comparison of Grenada Citizenship by Investment Program with Other Countries

Not only is offering a second passport an advantage of Grenada citizenship by investment investment, but it also has several advantages. The registration period is three to five months, usually less than other countries' citizenship by investment programs. Also, there is no physical requirement to obtain a Grenada Passport, and the applicant can receive educational benefits in Grenada. Also, Grenada citizens will receive the E2 Visa benefits to enter, invest, or work in the USA and run a business efficiently. Grenada Citizenship by Investment is among the Caribbean Island programs that provide visa-free travel to China. The present international standing of Grenada is Solid because it is a part of the Commonwealth, the UN and the CARICOM.

Grenada Citizenship by Investment with New Regulations 2023 

In September 2023, the Grenada Citizenship by Investment Program introduced a new requirement. All applicants who are 17 years old or above are now required to attend an interview. This new requirement aims to enhance due diligence and meet the set standards. To proceed with the application, the applicant must complete and submit the interview form and the necessary documents. The language preference must also be specified, and the applicant must attend a virtual interview.