The Grenada Citizenship by Investment Programme
Published on 5 October 2017 by Olga Voirin
One of the newest and most exciting citizenship by investment offers in the world, the Grenada Programme presents unique and surprising benefits to applicants.
When Grenada launched its Citizenship by Investment (CBI) Programme in 2013, it introduced a new spectrum of benefits for applicants for dual citizenship: Grenada is the sole country offering CBI that can at once provide its citizens with visa-free travel to China, a permanent residence card, and E-2 Visa access to the United States. Of the two CBI options for Grenadian citizenship, the contribution to the National Transformation Fund (NTF) is the most affordable – requiring a donation of US$200,000 for up to a family of four. This fund benefits many industries in the country, including alternative energy, while simultaneously empowering residents to become more prosperous and independent. The second CBI option is to invest in pre-approved and designated real estate projects, requiring an investment of at least US$350,000. Applicants who choose this option must also pay a US$50,000 Government fee, which only increases after a fifth family member is added to an application. Whether choosing the NTF or real estate option, applicants are also responsible for application, due diligence, and processing fees, which rise moderately according to the number of family members included in the application. This, together with essentially unchanging contribution and investment requirements, make Grenada’s Programme especially attractive for candidates applying with a large family. Authorised Local Agents and International Marketing Agents assist applicants to make citizenship submissions, and attend to strict, professional, and confidential due diligence processes. Once all discreet but stringent investigations have been completed, agents submit investor applications to the Grenada Citizenship by Investment Committee (CBIC) for approval. Applications usually take no more than 60 business days to process. Grenadian CBI requires no personal interview, nor is there a requirement to reside in the country before or after the granting of citizenship. However, all CBI citizens can choose to live, work, study, or set up a business in Grenada, having obtained the same rights as any birthright Grenadian.