Grenada

About Grenada

More commonly known as the “Spice Isle”, Grenada offers beautiful unspoilt beaches, diving, sailing, hiking and so much more. With this in mind, the Grenada Economic Citizenship Program offers family security and visa-free travel to over 120 countries including Europe’s Schengen zone and tax-free peace of mind for those interested in a second passport. The island welcomes all potential individuals, businessmen and families of the highest caliber to come and experience the high-end lifestyle and natural beauty that the has on offer.

The Grenada economic citizenship scheme allows qualified investors and their family members to apply for an irrevocable Grenadian passport and avail all featured amenities and facilities that are covered under the Program.

CAPITAL:

St. George’s

TOTAL AREA:

348.5km²

POPULATION:

107,317

LANGUAGES:

English, Grenadian Creole, French

CURRENCY: East Caribbean Dollars (XCD)

EXCHANGE RATE: 1 USD = 2.7 XCD

GDP – PER CAPITA (2016): ): USD 9,469

GDP – TOTAL (2016): : USD 1.016 billion

Quick Facts

Grenada is a politically stable country with the Prime Minister as the leader of the Government. The island has excellent financial regulations and is home to a number of Canadian banks
Tourism is the biggest earner and it, directly and indirectly, supports much of the country’s 100,000 population. Grenada is the world’s second-largest producer of nutmeg.
The island is 12 degrees North of the Equator and, unlike many tropical locations, it is outside the hurricane belt.
The island has an excellent infrastructure with modern roads and highways ,reliable electricity and water supplies in addition to a state-of-the-art communications network.
The country is a member of the British Commonwealth and the United Nations.
The legal system is well-respected and based on English law.
The islands are easily reachable to visitors with direct flights from Toronto, New York, London, Miami and many other cities across the world.

About the program

Launched in August 2013, the Grenada Citizenship by Investment program is one of the newer Caribbean programs. The mission of the Citizenship by Investment program is to strengthen the country by creating economic growth through foreign investments.

As an applicant, you must be at least 18 years of age, of good character and without a criminal record. Additionally, you are required to make a non refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects

Benefit

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 United Kingdom.

E-2 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

Straightforward process

Designed to be a smooth and straightforward process with a timeframe of 6 months to your new citizenship.

Dual Citizenship permitted

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

Tax relief

Grenada imposes minimal taxation, with an exception of no taxation on wealth,gift, inheritance, foreign income, or capital gain.

Minimal residency required

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

Program requirements

MAIN APPLICANT REQUIREMENTS

18+ years of age
Good health
No criminal record
Successfully pass due diligence checks
Receive approval by the Government
Confirmed investment sources

ELIGIBLE DEPENDENTS

Spouse of the main applicant
Children (biological or adopted) under 30 years of age
Dependant parents

*Parents and children older than 18 must be dependent on the main applicant.

Program process

The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice.

The reviewal stage is subject to the respective Government schedule and can be impacted by factors which we, as authorized agents have no control over. Savory and Partners collaborates with the Government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicants.

Read about the process steps in detail here.

Legal basis

The Citizenship by Investment (CBI) program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament. It stipulates that any person can apply for naturalization and may be eligible for Citizenship on payment of fees if the Government is satisfied that such person has invested substantially in Grenada.

The act allows for investment to be made in either one of two ways:

The first is by making a contribution to the National Transformation Fund, which assists the development of Grenada’s resources, with the aim of benefiting Grenadians.
The other option is an investment in a government-approved real estate project, which comes into being after being reviewed and recommended by the committee to the government Minister in charge.

Frequently Asked Questions

Q: Can I include my family when applying for Grenada Citizenship by Investment Program?

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.

Q: Are there any interviews, language tests, or work experience requirements when applying for Grenada Citizenship by Investment Program?

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.

Q: Do I need to visit Grenada before obtaining my citizenship?

You are not required to visit Grenada before obtaining your citizenship, you are, however, welcome to visit and explore the country.

Q: Does Grenada provide a biometric (ePassport) passport?

No, the passport of Grenada is not yet issued as a biometric passport, also known as an ePassport.

Q: How many pages does the Grenada passport have?

The new biometric passport of Grenada has 36 pages with each page containing watermarks depicting national images.

Citizenship by Investment

10 Esomo Close

contact@targlobalpassport.com

+234 816 665 3145