05 June 2023 Last Updated: 03 September 2024

Caribbean
Country Flag:
Type: Citizenship by Investment
Investment: USD $270,000
Duration : 3 to 6 months
Benefits: The Grenada CBI Program offers you family inclusion, visa-free travel to the UK, the Schengen Area and China. Applicants are also eligible for a 10-year US business visa.

$270,000+

Minimum Investment Amount

3-6 Months

Average Obtaining Period

5 Years

Return on Investment

Grenada Pathway to Citizenship Overview

The Grenada Golden Visa is the easiest path to reach the Caribbean dream, to enjoy constant sunshine and crystal-clear azure waters and a unique aroma of spice wafting in the air. Achieve unparalleled levels of relaxation, and establish a secure Plan B, all the while basking in the numerous benefits the Grenada passport provides.

Elevate your lifestyle and embrace paradise by venturing through the Grenada Citizenship by Investment program (CBI).

How to get the Grenada Golden Visa and become a Citizen

As a country highly dependent on tourism, Grenada seeks to strengthen its infrastructure to further improve its international standing and make itself an all the more attractive destination. The Grenada Citizenship by Investment program is key to ensuring this, as its most enticing investment option pertains to tourism-oriented Real Estate, such as hotels, villas, and resorts. Investors worldwide can become holders of the Grenada passport and in turn, boost the country’s tourism sector.

The process of becoming a citizen of Grenada is fairly streamlined, taking as little as 3 months, and as long as 6 months. However, the country still has strict demands, and expects any applicant to be +18 years old, in good health, and to have proof of the legality of the funds necessary for the investment. You can also expect to provide a clean criminal record and a certificate of medical wellness signed by a medical practitioner, among other documents.

Benefits of Grenada Citizenship

Island Living

As a citizen, you are entitled to live, work, and study in Grenada, and to enjoy all the benefits of residing on a Caribbean Island, including but not limited to year-round sunny weather and endless coastlines of sandy beaches

Family Inclusion

Present your family and future generations with a one-of-a-kind lifetime gift and ensure they will always have a Plan B by securing them the Grenada passport. Your spouse, unmarried siblings, dependent children under the age of 30, parents, and grandparents may all qualify for Grenada citizenship

Tax-Friendly Country

As a country keenly seeking investment, Grenada understands the importance of relieving tax burdens and provides its Citizens with tax breaks, imposing no tax on worldwide income, wealth, capital gains, and inheritance.

Visa-free travel

With excellent international relations, Grenada boasts the 31st most powerful passport in the world, according to the 2023 Global Passport Index, and extends its Citizens the ability to travel visa-free to more than 135 countries worldwide, including China, Hong Kong, Singapore, the United Kingdom, and the European Union’s Schengen Zone.

Minimal Requirements

You will not need to visit Grenada at any point either before, during, or after the application. There are no language tests, and if you keep your property investment, there are also no minimum stay requirements to maintain your Citizenship status.

United States E2 Visa Unlocked

Due to good relations with the United States, Grenada is the only Caribbean country in which its Citizens can apply for the USA E2 Visa, which allows them to live, work, and study in the United States by investing in a business operating in the country.

Investment Options for the Grenada Golden Visa

You can become a holder of the Grenada passport by choosing to invest in one of the two following options:

Real Estate

Only government-approved Real Estate projects, which focus on the tourism industry, such as hotels, resorts, and villas qualify for the Grenada Golden Visa. You must hold property ownership for five years. Obtain the Grenada passport by:

Investing USD $270,000, and acquiring an individual share in a hotel, resort, or villa

OR

Purchasing full ownership of a property in the amount of USD $350,000.

Other Options

The only other option available in the Grenada Golden Visa offers no opportunity to obtain a return on the investment, as it is strictly considered a donation. Requiring a minimum of USD $235,000 for a family of 4, this venture seeks contributions to promote the economic growth of Grenada through the National Transformation Fund.

Investing in Grenada Real Estate

Mirroring other Citizenship by Investment programs in the Caribbean, only some properties qualify as a valid pathway for the Grenada Golden Visa. The option to invest in Real Estate, which is especially geared toward the tourism industry ends up creating a truly self-sustainable model for the future, both for the country and investors alike. As individuals acquire Citizenship status, they are inadvertently fostering essential tourism infrastructure, further improving, and boosting Grenada’s Real Estate offering. This, in turn, improves existing properties, creates more demand, and attracts more investors, setting up the perfect environment for guaranteed returns on the investment. For individuals merely seeking a second lifetime citizenship solution, and maximized profitability, Grenada truly stands out as one of the best countries to invest in.

Timeline

Since the government regulates the Real Estate market, only approved projects are eligible for the Grenada Golden Visa. Our advisors have deep knowledge of how to navigate this program and have designed the following guide for your information.

Step-by-step process

1

Investment Selection

As your liaison, Investment Visa will find the most suitable property, whether individual shares in a unit, or a full property you can completely own as per your investment needs.

2

Funds for Investment

The investment itself only takes place at a later, certain stage of the application, but ensuring everything is readied will prove essential to the unfolding of a smooth process.

3

Documentation Check

Per the program’s requirements, you will need to supply multiple documents, including completing official forms and even participating in medical checks. Our team will conduct a thorough check on all, and prepare them for submission

4

Citizenship Status Application

With all forms filled out and every document ready, the next step is the submission to the authorities. We will continue to liaise on your behalf and serve as the intermediary as due diligence is carried out

5

Become a Citizen

Success! A letter of approval will be issued, and it is then you must use the gathered funds to complete the purchase. Upon receiving proof of the transaction, you will officially become a Citizen and can apply to get a Grenada passport.

Cost Estimates

Considering a Real Estate purchase of USD $220,000+

The following estimate pertains to the first option of property investment, which focuses on the purchase of individual shares in tourism-oriented Real Estate.

If the Grenada passport interests you, do not hesitate to contact Investment Visa. Our team of advisors can provide you with a detailed analysis of your situation and assist you on the path toward Grenada citizenship.

Property purchase

USD $270,000+

Associated fees:

Government fees

USD $50,000

Interview fee

USD $2,000

Total ⁽¹⁾⁽²⁾

Min. USD $322,000+

⁽¹⁾Please be aware that this information is merely indicative, and not binding. It assumes the cost for a family of four, including two children. The final cost may vary according to your situation.

⁽²⁾Please take notice that, as of July 1st 2024, the Memorandum of Agreement signed between all the 5 Eastern Caribbean countries came into effect. While Grenada has updated its minimum investment amount for Real Estate, it remains unclear whether additional fees will be implemented or updated.

Moving to Grenada? Check our guide to find all you need to know about the country.

We Are Grenada Citizenship by Investment Experts

Becoming a Grenada citizen through the Citizenship by Investment program with the help of Investment Visa.

Contact Us and Receive our Advice

With a wealth of experience spanning more than two decades, Investment Visa advisors know and work intimately with all types of investment immigration programs, including Grenada. Embark on a path to a brighter future together with Investment Visa.

Investment Visa Experts

If you are seeking a second residency or citizenship abroad, Investment Visa is the perfect partner to guide you. We operate on a worldwide scale, and our influence extends beyond the Caribbean and into the world. Start exploring all the possibilities with Investment Visa today.

You Can Count on Us

The utmost satisfaction of our partners is our driving force, and we accomplish it by delivering an unparalleled quality of service. From advisory to our After Sales services, we commit to a brighter future for you and your family

Frequently Asked Questions

You will have to pay some taxes in Grenada if you intend to live in the country, but Grenada boasts an attractive tax regime, not taxing its citizens on capital gains, worldwide income, and inheritance.

Yes. According to the 2023 Global Passport Index, Grenada ranks 31st, enabling visa-free travel to more than 135 countries worldwide.

Yes. It is, in fact, the best option from which to obtain the Grenada passport

Though the government always aims to provide a quick timeframe for investors seeking Grenada citizenship, setbacks can slow down the process. You can expect the application to be processed in as little as 3 months, and as long as 6 months.

Yes. Grenada recognizes Dual Citizenship, which means you do not have to renounce your original citizenship

No. Residency in Grenada is not a prerequisite for applying for citizenship. After obtaining the status, you do not need to reside in Grenada for any amount of time.

You can include your spouse, dependent children under the age of 30, or without an age limit if they possess physical or mental handicaps, your dependent parents, or grandparents if they are 55 years or older, and unmarried, childless siblings

All Grenada passports are issued with a set validity of five years. As a citizen of Grenada, you have the right to renew your passport after this time period.

Once your passport expires, you will not have to travel to Grenada to renew it. Instead, when the time comes, you can contact Investment Visa and we will liaise the process for you.

Yes, after you have held the property investment for the set amount of five years and Citizenship status is fully enshrined, you can sell off the property and receive your initial investment back

Grenada Citizenship by Investment

Moving to Grenada