A Guide To Grenada Citizenship By Investment

Do you want to apply for your Grenada passport by investing in real estate through its CBI program? This guide will take you through the steps.

Grenada is one of the most pleasant Caribbean island states. It has had a small but friendly population and stable government ruling for over 35+ years. Grenada is famous for its vast white-sand beaches, rainforests, and the world's most significant spice exports. All this has changed the small island state into a significant business and investment hub that is capable of attracting investors from all around the globe. However, this was not possible prior to Grenada's citizenship by investment (CBI) program in 2013. The following sections include all the information for you to get through this CBI program.

What is the Grenada Citizenship by Investment (CBI) Program?

Launched in 2013, the Grenada CBI program is a type of economic citizenship. It's when a country desires to invite foreign investments/investors to raise funds for the country at the expense of its citizenship. That is, if you're an investor and either want to invest in that country or get a second passport, you can participate in that country's CBI program. Apart from Grenada, there are other Caribbean CBI programs, but Grenada's CBI program offers more unique benefits.

For example, it provides visa-free access to major economies like China and Russia. Secondly, as per the pact signed between Grenada and the US, you can gain access to the USA through the E-2 Investor visa. This visa allows you to enter, work, or invest anywhere within the USA without much paperwork or limitations.

Benefits of Grenada CBI program

Unlike the other Caribbean citizenship by investment programs, the Grenada one is distinct due to the benefits it offers:

● Grenada has a profitable real estate market where even small investments can produce results in the future.

● If you have never visited Grenada, you can be rest assured of its friendly environment, ready to welcome you with both hands.

● You can invest in shopping complexes, sanctuaries, hotels, bars, restaurants, buildings, apartments, or anything else. Hence, the sky's the limit when it comes to the availability of properties to invest in Grenada.

● Grenada provides a once-in-a-lifetime experience of viewing the beautiful scenic beauty of the Caribbean islands.

● For connectivity to other countries, Grenada connects well to the other parts of the world. For example, you can get flights to/from the UK at low prices like £90.

● Another advantage of investing in Grenada is the visa-free access to major economies like China and Russia, plus an E-2 Investor visa to enter, work, or invest in the US with restrictions.

● The entire application process is a remote affair.

● Plus, you can add up to any number of members to your application like your spouse, children (between ages 0-30), parents, and even siblings.

● The major advantage of investing in Grenada real estate is the tax exemption you get.

Hence, there are benefits to getting a Grenada passport by investing in real estate there. 

How to get a Grenada passport

The Grenada CBI program has changed over the years. However, the route of investment is the same. These include either investing in any government pre-approved real estate or going the donation route. Choosing one approach is essential as both investment types have their set of terms and conditions. For example, in real estate investment, you can get the investment back after five years. However, donations are non-refundable.

Once you’ve made a decision, you can then hire any government agent to help you proceed with the process for both investment types. After that, you will get your Grenada citizenship and passport, enabling you to travel to 135+ countries visa-free.

The Donation Route

If you choose the donation route, you would need to deposit a pre-set amount to Grenada's National Transformation Fund (NTF). This fund is designed to boost the development of the state and its people. The donation process is a one-time process where you pay $150,000 as an individual applicant or $200,000 as a family of four. For every new member, you pay:

● Child: $25,000

● Parents: $50,000

● Siblings: $75,000

The Real Estate Route

If you choose the real estate route, you'd have to invest $350,000 as an individual applicant or $220,000 with a partner, i.e., a total of $440,000 for two. However, the real estate investment must stay under your name for five years to retain citizenship. You can also sell the real estate investment after five years.