Grenada, known as the “Spice Isle” of the Caribbean, offers a prestigious Citizenship by Investment (CBI) program that has become one of the most attractive options worldwide for investors seeking a second passport. This program combines the allure of tropical island living with powerful travel freedoms and financial benefits. Whether you are looking for visa-free access to over 140 countries, including the Schengen Area and China, or a tax-friendly jurisdiction, Grenada CBI program provides a fast, reliable, and family-friendly route to citizenship.
Why Choose Grenada Citizenship by Investment?
Grenada’s CBI program stands out for several reasons:
- Visa-Free Travel: Grenadian passport holders enjoy visa-free or visa-on-arrival access to 148 countries, including the UK, EU Schengen countries, China, Russia, and more.
- No Residency Requirement: You are not required to live in or visit Grenada before or after obtaining citizenship.
- Family Inclusion: The program allows you to include your spouse, dependent children under 30, parents or grandparents over 55, and unmarried siblings under 18.
- US E-2 Visa Eligibility: Grenadian citizens can apply for the US E-2 investor visa, allowing them to live and work in the United States.
- Tax Advantages: Grenada imposes no worldwide income, inheritance, or capital gains taxes.
- Fast Processing: Citizenship can be granted within approximately six months.
- Dual Citizenship Permitted: You can keep your current nationality while enjoying the benefits of Grenadian citizenship.
Investment Options
There are two main investment routes to qualify for Grenada citizenship:
1. National Transformation Fund (NTF) Contribution
This is a non-refundable donation to Grenada’s government fund supporting national development projects. The minimum contribution is:
- $235,000 for a single applicant
- $250,000 for a family of four
Additional dependents require extra contributions. This route is popular for its simplicity and quick processing.
2. Real Estate Investment
Alternatively, applicants can invest in government-approved real estate projects with a minimum investment of $270,000. This option requires holding the property for at least five years. It is suitable for those interested in property ownership in Grenada alongside citizenship.
Additional Fees
Applicants should also budget for due diligence fees (around $5,000 per applicant), processing fees, and passport issuance fees. Proof of legitimate source of funds and financial standing is mandatory.
Eligibility Criteria
To apply for Grenadian citizenship by investment, you must:
- Be at least 18 years old.
- Have a clean criminal record, verified through police clearance certificates from all countries where you have lived for more than six months in the past decade.
- Provide proof of legal source of funds.
- Pass a thorough due diligence process.
- Complete a mandatory virtual citizenship interview.
- Submit all required documents, including valid passports, birth certificates, medical certificates, and financial statements.
Certain nationalities may face additional scrutiny or restrictions.
Step-by-Step Application Process
Step 1: Choose Your Investment Route
Decide whether to make a non-refundable contribution to the National Transformation Fund or invest in government-approved real estate.
Step 2: Select an Authorized Agent
Grenada’s Citizenship by Investment Unit (CIU) requires applications to be submitted through government-approved agents. Choose a licensed agent or law firm, such as Forecast Immigration Law Firm, to guide you through the process.
Step 3: Prepare and Submit Documentation
Gather all necessary documents, including proof of identity, financial records, police clearances, and medical certificates. Your agent will help format and submit your application to the Grenada Investment Migration Agency (IMA).
Step 4: Due Diligence and Interview
The IMA conducts rigorous background checks and due diligence. Applicants aged 17 and above must complete a virtual interview to verify their suitability.
Step 5: Receive Approval in Principle
Within approximately 60 to 90 days, you will receive an “Approved in Principle” letter if your application passes due diligence.
Step 6: Make Your Investment
Complete the investment by transferring funds to the National Transformation Fund or purchasing real estate. Provide proof of payment to the CIU.
Step 7: Take the Oath of Allegiance and Obtain Citizenship
Upon confirmation, you and your family will take the oath of allegiance at a Grenadian embassy, consulate, or authorized location. You will then receive your citizenship certificate and passport.
Timeline and Processing
The entire process typically takes around six months but can be faster depending on document readiness and due diligence outcomes. Grenada has recently implemented an automated citizenship certificate system that streamlines approvals and reduces processing times.
Life as a Grenadian Citizen
Grenada offers a peaceful, tropical lifestyle with beautiful beaches, a warm climate, and a welcoming community. As a citizen, you have the right to live, work, and study in Grenada and enjoy the benefits of membership in the Organization of Eastern Caribbean States (OECS), which includes residency privileges in member countries.
The Grenadian passport is valid for five years and can be renewed indefinitely. There is no requirement to reside in Grenada to maintain citizenship, making it a flexible option for global citizens.
Why Work with Forecast Immigration Law Firm?
Navigating the Grenada Citizenship by Investment program requires expert knowledge and careful preparation. Forecast Immigration Law Firm specializes in investment migration and offers personalized support throughout your application journey. From selecting the best investment route to preparing documents and liaising with government authorities, Forecast ensures a smooth and successful application process.
In Summary
Grenada’s Citizenship by Investment program offers a powerful combination of Caribbean lifestyle, global mobility, and financial advantages. With visa-free access to 148 countries, no residency requirements, and family-friendly provisions, it is an exceptional choice for investors seeking a second citizenship.
Begin your journey today—contact Forecast Immigration Law Firm to explore your options and start your Grenada citizenship application with confidence.
