Passport and Citizenship in Grenada

Citizenship by Investment | Get Second Passport in Grenada

Grenada is a tri-island state comprised of Mainland Grenada, and its dependencies Carriacou and Petite Martinique.

The economy is agriculture based, however, tourism is the leading foreign exchange earner. Nevertheless, fisheries, textile and light manufacturing contribute quite significantly to foreign exchange earnings.

The government is implementing structural reforms to spur economic growth and keep public debt under control without reducing its social programs. This island was recently removed from the OECD´s grey list of tax havens, as a result of financial sector reforms. Grenada is considered an upper medium income country with a high human development.

As a CARIFORUM member, further implementation of the Economic Partnership Agreement between this regional group and the EU is a key trade issue for Grenada. Also, to finalise negotiations for a Free Trade Agreement (FTA) with Canada to replace the Caricom- Canada Trade and Economic Co-operation Agreement.

Based on the ITC 2014-2018 Strategic Approach to the Caribbean Region, ITC will focus on implementing at regional level the recommendations of strategies recently developed by CARICOM for the cultural industries and professional services sectors.

Main Benefits of Obtaining Citizenship in Grenada through the Citizenship-by-Investment Program

Children and dependents up to age 25 can be included
Investment of $350,000 in real estate
Dependent parents over age 65 can be included
Visa free travel to over 100 countries ( now including EU Schengen zone)

E-2 USA visa treaty allows citizens with substantial business to reside in USA
No tax on worldwide income
Fast processing in around 4 months
No country restrictions

Main Requirements

Hold no criminal record.

Applicant must have high net worth

Have proof of funds, and show that the funds were acquired legally

Be at least 18 years of age

Investment Options

Investment in Real Estate

Invest a minimum of $250,000
Maintain the investment for at least either 4 or 5 years (depending on the chosen project) during which time dividends may be paid to the investor
After the minimum period, the applicant may sell the investment at market value

Invest a minimum of $275,000 by purchasing preference shares in the project.

Maintain the investment for at least 5 years.

Another option would be for the investor to hold the shares beyond the minimum period, and then sell at an acceptable market value GSA’s intention is to produce a positive cash-flow in 3 years, with a minimum return of 6%.

Investment in the National Transformation Fund (NTF)

The NTF, finances projects which benefit one of the country’s industries, such as tourism, alternative energy, and agriculture.

Contribute $200,000 to the fund, for a family of 4
A contribution of $25,000 for each additional dependent family member will apply

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