“Popularly known as the Spice Island for its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean. The sublime scenery is just one of the many reasons to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities have fortified Grenada’s status as the preferred destination of many high net worth investors.”
Grenada recognizes dual citizenship, which means investors can still make use of their existing passports.
The Grenadian Citizenship by Investment Programme offers the following prime benefits:
The Grenada Citizenship by Investment Programme was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada’s pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel. In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which together with strong performances in construction and manufacturing, have also contributed to growth in national output. As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing. Through the implementation of the programme, the government also hopes to create investment opportunities that will bring about sustainable employment. To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is investment in a pre-approved real estate project.
Applicants must invest a minimum of US$220,000, which must be maintained for a minimum of four years. This reduced investment amount means our valued investors take on less risk. The minimum amount includes the main applicant, main applicant’s spouse and two qualifying dependents. An extra US$25,000 is required for each additional dependent.
Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required to be made with the post approval contribution. Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required to be made with the post approval contribution.
Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up-to four people, the requirement is set at US$200,000. An extra donation of US$25,000 is required for each additional dependent.
Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required to be made with the post approval contribution. Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required to be made with the post approval contribution.
Permanent Residency Certificates
The permanent residence status has been removed entirely from the citizenship by investment process. As a result, the government has ceased issuing PR cards and certificates. Updates for an alternative form of national ID will be communicated when received.
Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, east-southeast of Puerto Rico
The residence and citizenship by investment programs that we offer at iKonnect Citizens is aimed at helping financially sound individuals gain access to some of the most prosperous countries in the world. Our team of professional consultants have countless years of experience addressing dual citizenship and migration related matters. We aim to help you easily navigate through the otherwise difficult citizenship process. We can provide our Clients with a seamless service both in your current location as well as in the target country for residence or citizenship by investment.
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