Grenada Citizenship by Investment

Dr . Antoine Saliba Haig | 18 Nov 2015

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The Grenada Citizenship by Investment programme of 2013 was enacted with global families in mind, whereby individuals of good character obtain citizenship in return for an investment in the country. Grenada, also known as the island of spice, is a caribbean country consisting of Grenada itself and six other islands. Grenada's climate and sandy beaches have been attracting visitors for centuries. It's friendly English speaking population, close ties with the United States and strong business environment, makes Grenada a centre for development and investment. 

Legal Basis for Grenada Citizenship by Investment 

The Grenada Citizenship by Investment Programme was re-launched in 2013 under the Regulations of the Grenada Citizenship by Investment Act, no 15 of 2013. This provision grants citizenship to individuals who must be at least 18 years of age, be of good character and have clean criminal record. 

Eligibility for Grenada Citizenship by Investment 

Under current regulations, to qualify for citizenship of Grenada under its Citizenship-by-Investment Program, the Government requires, either:

  1. An investment in designated real estate with a value of at least US$ 350,000, or;
  2. A contribution to the National Transformation Fund of a minimum of US$ 200,000.

Benefits of Grenada Citizenship by Investment 

The Benefits of Grenada Citizenship include:

  • Fast processing between 3-6 months
  • The right to live and work in Grenada, without the duty to reside there
  • The right to live in any CARICOM member state
  • Dual citizenship is allowed
  • Citizenship is not reported anywhere
  • No interview required
  • Visa-free travel to almost 120 countries and territories, including China, the United Kingdom and the Schengen Area

Taxation of New Citizens

  • No tax on worldwide income
  • No wealth tax
  • No inheritance tax
  • No capital gains tax

Our Citizenship Services

We are able to advise you on the requirements and tax and legal implications of the Grenada citizenship by investment programme and indicate expected time frames based on the specific circumstances and nature of your application.
 
 

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