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Grenada Citizenship

Citizenship by Investment

Overview of Grenada Citizenship By Investment Program

In 2013, Grenada initiated its citizenship through an investment initiative with the aim of enhancing its economic well-being. This program enables foreign investors to acquire lasting legal citizenship and a secondary passport in as little as 4 to 6 months. Notably, Grenada maintains robust diplomatic ties with both the United States and China, setting it apart as the sole Caribbean citizenship by investment program that provides visa-free entry to China. Additionally, Grenada possesses an E-2 investor visa agreement with the US, affording holders of Grenadian passports the privilege to work in the United States.

How to obtain Grenada Citizenship through Investment

1- Contribution to the National Transformative Fund (NTF):

The applicant must make a minimum payment of $150,000 USD into the NTF 

Contributions to the NTF program are scaled as follows: 

    • $150,000 – Single applicant 
    • $200,000 – Principal applicant and spouse 
    • $200,000 – Family of 4 
    • $25,000 – Each additional dependent 

2- Real estate Investment 

A minimum investment of $220,000 USD (for each share in a unit) by two or more individuals is required in a GCBI approved project valued at a total of $440,000 USD. This new price is only applicable in cases where applicants co-invest in a unit.

Secondary purchasers of real estate units in approved projects are also eligible to obtain citizenship.

Government Fees (USD):

    •  $50,000 – Government fee for a family of up to four persons 
    • $25,000 – For each additional dependent child and/or each dependent parent and/or grandparent.

 

In addition, the following charges will apply for all investment options:

Processing and Application Fees (USD):

  • $1,500 – Application fee for Citizenship by Investment (per person)
  • $1,500 – Processing fee per person (except dependent children under 18-their fee is $500/person)

Due Diligence Fees (USD):

  • $5,000 USD – Principal applicant
  • $5,000 USD – Spouse
  • $5,000 USD – Dependents 17-30 years old
  • $5,000 USD – Dependent parents and/or grandparents

NOTES:

  • Parent and grandparent dependents are not required to be financially dependent on the main applicant.
  • Additional charges apply and all fees are subject to change at any time without notice.

Mandatory interview process

The Grenada Citizenship by Investment (CIU) Unit has issued an update based on Circular No. 5 of August 1, 2023, and Circular No. 8 of August 29, 2023. Starting September 4, 2023, the interview process will be implemented for all applicants. This process includes the main applicant, spouse, sponsor, and dependents aged seventeen and above, who must complete the Interview Application Form (provided by Migrate World).

Upon applying, each applicant will receive an email with a questionnaire link in English. Interview instructions will be provided in the national language specified by the applicant. The questionnaire will also be available in the applicant’s native language and should only be completed by the designated applicant.

Interview Fee:

  • Main Applicant – $1,000
  • Spouse – $1,000
  • Children aged 17 and over – $1,000
  • Dependent Parent – $1,000
  • Single Applicant – $1,000
  • Financial Sponsor – $1,000
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Processing Time

4-6 months

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Contribution OR Real Estate

$ 150,000 USD

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Visa-Free Access To

135+ countries

Grenada Investment Options

The objective of the Grenada Citizenship by Investment Program is to attract foreign individuals who can acquire citizenship and a passport between 4-6 months by making an investment in either the National Transformation Fund (NTF) or another government-approved project.

$150,000 USD

Non-refundable Payment to Grenada NTF fund

The Grenada citizenship program applicant must invest a total of $150,000 into the NTF. For a family of 4, there is an additional fee of $25,000 for each additional dependent.

$220,000 USD

Real Estate Investment

A minimum investment of $220,000 USD (for each share in a unit) by two or more individuals is required in a GCBI approved project valued at a total minimum of $440,000 USD. This new price is only applicable in cases where applicants co-invest in a unit.

Secondary purchasers of real estate units in approved projects are also eligible to obtain citizenship.

Why Choose Grenada?

  • Visa-Free Travel: As Grenada is part of the Commonwealth of Nations, citizens may travel visa-free to over 115 countries, including the UK, EU, and Canada. 
  • Investment in a Stable and Prosperous Country: Grenada offers investors a secure environment with strong economies, making it an excellent opportunity for those hoping to gain citizenship through investment.
  • Political Stability: The country’s history of political stability provides a secure environment for investment and business endeavors.
  • Strategic Location: Situated in the Caribbean, Grenada offers a central and convenient location for trade and investment activities, serving as a gateway to both North and South America
  • Emerging Sectors: Grenada is actively investing in sectors such as tourism, renewable energy, and agribusiness, presenting ample opportunities for investors seeking growth areas.

Cost of living in Grenada

Grenada typically boasts higher living costs than its Caribbean neighbors, yet they are lower than in North America or Europe. Here is an outline of some of the expenses you should expect when living there:

Housing

Housing costs in Grenada vary by size and location. Typically, one-bedroom apartments in St. George’s will run between $800-$850 monthly, while three-bedroom villas located in resort areas may cost around $2,000.

Food

Grenada’s cost of living, like that of other Caribbean countries, includes higher food costs. A basic meal at a local restaurant will run you about $10; mid-range restaurants typically cost $20+ for their offerings. Groceries also tend to be more costly.

Transportation

A taxi ride in St. George’s typically costs $5, while bus rides cost approximately $1 per ride.

Utilities

Utilities in Grenada are relatively affordable. Electricity, water, and garbage collection, typically totaling $200 monthly, are typically covered.

Healthcare

Healthcare costs in Grenada are significantly less expensive than their counterparts in North America or Europe, typically costing approximately $50 for doctor visits or $1,000 a day in hospital stays.

Grenada has an overall higher cost of living compared to other Caribbean islands but a lower cost of living than in North America or Europe, so when considering moving there, it is important to factor in this figure to make an informed decision.

Key Facts

Capital

St. George’s

Languages

English, Creole French

Currency

East Caribbean dollar (XCD)

Population

126,183 (2024)

What are the eligibility criteria to apply for Grenada Citizenship?

  • Minimum networth $150,000 USD  
  • Age 18 years old and above 
  • No criminal record
  • No deportations / Visa refusals 

Grenada Citizenship By Investment Required documents

  •  8 passport size photos for all family members
  • Signed affidavit of financial support (notarized)
  • 4 sets of signed property purchase agreement (real estate investment option)
  •  Completed questionnaire for all family members
  •  Updated CV from main applicant
  • Signed power of attorney
  • Signed client agreement
  • Draft of application forms (provided by Migrate World)
  •  HIV medical report for all family members
  • 12 month bank statement & bank reference letter
  • Character reference letter
  •  Employment confirmation letter (if main applicant is an employee)
  • Recent utility bill, tenancy contract, or bank statement showing full name and residential address
  • Police certificates from country of birth and every country you have lived in for more than 1 year over the past 10 years. Main applicant, spouse, dependents and dependent children 16 years and above need to provide police certificates

How Many Dependents Can be Included in a Single Application?

Under the Grenada Citizenship by Investment Program, the applicant holds the privilege of including various family members in the application:

  • Spouse
  • Dependent Children: Children under the age of 30 can be included as dependents.
  •  Dependent Parents and Grandparents
  • Unmarried Siblings: Unmarried siblings above the age of 18 can also be included as part of the application.
  • Newborn Children: Additionally, children born to the main applicant or their spouse within 12 months of the approval of the application can be included.

Starting investment for Antigua & Barbuda Citizenship is $ 100,000

Starting investment for Grenada Citizenship is $ 150,000

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Get Free Consultation

    Step by Step procedures and time frame for obtaining Grenada Citizenship by Investment Program

    1. Initial consultation: The first step is a complimentary consultation with us, where we explain all the different options available.
    2. A Security Check: Migrate World performs a security check before officially making any agreement as a guarantee that the applicant’s record is clean in the event that the Citizenship by Investment Unit might reject his/her application.
    3. Agreement and Fees: Fees include legal, due diligence, government, and application processing fees.
    4. Choose Property (Real Estate Option): Once the property has been chosen, the developer is notified to prepare a purchase and sale agreement.
    5. Collect Documents and Submit File: We will help obtain/translate and authenticate all necessary documents. A file is then prepared and submitted to the Citizenship by Investment Unit (CIU), which usually takes approximately 10 business days from the date the file is prepared.
    6. Wait for Approval: Approximately 2-4 months
    7. Extra Documents: The Grenada Citizenship by Investment Committee (CBIC) may request additional documents or information
    8. Approval: Once approval has been granted, the applicant must complete all payments to obtain citizenship certificates within 60 days.
    9. Passport: After receiving the citizenship certificate, the process of issuing passports takes approximately 5-10 business days.

    NOTE: The timeline is an estimate only, processing time depends on the complexity of each file. 

    How do I avoid mistakes when applying for a Grenada passport?

    When embarking on the journey to obtain a Grenada passport, entrusting your application to a reputable migration agency like Migrate World can be the strategic advantage you need. Our seasoned experts are well-versed in the intricate details of the application process, ensuring meticulous adherence to the country’s stringent requirements. With a track record of successful outcomes, Migrate World offers personalized assistance, saving you valuable time and minimizing the risk of errors that could delay or hinder your application. As your dedicated partner, we not only simplify the complexities but also provide you with up-to-date insights, empowering you to make informed decisions. Your aspiration for a Grenada passport is our mission, and with Migrate World by your side, you can confidently navigate this transformative journey.

    What is the passport renewal process, and how will Migrateworld help me?

    Clients have the option to renew their passports through Migrate World or directly through the embassy/consulate. When a client chooses to renew their passport through Migrate World, they can reach out to us to receive all the necessary documents. Our dedicated team will guide and assist them in completing the required documentation, including signing the forms required, which will be sent and prepared by Migrate World. Following this, we will promptly submit the application to the Grenada Government. On the other hand, if clients prefer to renew their passports through the embassy/consulate, they should adhere to the embassy’s/consulate’s specific renewal procedures and criteria.

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Benefits of Grenada’s Citizenship By Investment Program

      • Straightforward, simple investment plans
      • Processing time 4-6 months
      • No landing or residency required
      • Visa Free access to approximately 115+ countries (UK, EU, and China)
      • No personal or worldwide income tax
      • Dual citizenship permitted
      • The E-2 Investor Visa’ enables citizens of Grenada to operate a business and live in the United States
      • Inclusion of dependent children under the age of 30 and dependent parents and grandparents
      • Inclusion of unmarried siblings above the age of 18 
      • Inclusion of children of the main applicant or spouse born within 12 months of approval
      • Opportunity to relocate to the USA and establish a business through the E-2 Investor Visa for Grenadian passport holders 

      How can the Migrate World Help You?

      Migrate World team offers essential support to clients pursuing Grenada citizenship by investment program. With expert guidance, personalized solutions, and thorough assistance in documentation, investment choices, application, due diligence, and post-approval steps, Migrate World ensures a smooth and successful journey toward obtaining Grenada citizenship. Clients benefit from their expertise, minimizing complexities and maximizing the likelihood of a favorable outcome.

      Comparing Citizenship by Investment Countries

      Does Grenada provide a Golden Visa?

      No, Grenada does not provide a Golden Visa Program 

      Schedule a meeting with us 

      Frequently Asked Questions

      Investors can acquire Grenada citizenship within a period of 4 to 6 months.

      Certainly, Grenada permits applicants to retain their current citizenship while pursuing Grenadian citizenship.

      The passport of Grenada holds the 33rd position in terms of travel privileges, permitting entry to 143 nations without the need for visas. These destinations encompass regions like the Schengen zone, the United Kingdom, and China

      No, you don’t need to undergo any language tests.

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