Grenada citizenship by investment programme
The Grenada Citizenship by Investment Programme, launched in August 2013, allows foreigners to obtain a passport without needing to pass examinations in the local language or culture and without prior residency on the islands. All conditions and requirements for candidates are detailed in Law No. 15/2013.
To qualify for citizenship by investment in Grenada, adult foreigners must either contribute USD 230,000 or more to the Grenadian government fund or invest in a property within a government-approved project valued at USD 270,000 or more. The first option is designed to foster the country’s development, with proceeds financing various sectors of the economy, including the tourism and agricultural sectors.
Buying a home in the island nation stimulates the local property market and contributes to infrastructure development, thereby enhancing its appeal in the international arena. Participants in the Grenada Islands Citizenship Programme can resell the property five years after the initial transaction as part of their investment agreement.
A Grenada passport must be renewed every five years. Foreigners, worrying about how to get citizenship in Grenada for themselves and their families have the opportunity to do so. The following relatives of the candidate may apply:
- An opposite-sex spouse with no criminal record;
- Financially dependent children under the age of 30;
- Minor siblings who are unmarried, have no children of their own and are financially supported by the primary applicant;
- Financially dependent grandparents living with the primary applicant.
What documents are required to obtain citizenship in Grenada
Applicants for Grenada Caribbean citizenship through investment can submit all required documents remotely. Typically, government authorities request the following:
- Birth certificate or its certified copy
- Certificate of criminal record
- Certified copy of proof of name change (if applicable)
- Certified colour copy of valid passport(s) displaying name, photograph, nationality/citizenship, place of issue, date of expiry, number and country of issue
- Original passport-size photographs of each applicant taken within the last six months (with at least one photograph certified by a lawyer)
- Marriage or divorce certificates (two copies)
- Colour copies of national identity card or social security card
- Medical certificates
- Proof of source of funds
- Copy of military ID card (if available)
- Affidavit from the spouse or former spouse regarding children
- Affidavit of support from dependents
- Educational certificates and transcripts
State authorities may request additional documents if necessary. The application and all accompanying forms must also be in English. If the original language of the document is not English, it must be accompanied by a certified translation.
Visa-free entry to 140+ countries with a Grenada passport
Foreigners who have obtained Grenada citizenship by investment in real estate can enter visa-free or with simplified entry to over 140 countries, including:
- China
- Malaysia
- Austria
- Belgium
- United Kingdom
Investor costs in Grenada start from USD 230,000
There are additional costs associated with obtaining Grenada residency, starting at USDS 230,000 or USD 270,000 depending on the scheme chosen. For candidates contributing to a government fund:
| Applicants | Direct investments | Due diligence |
|---|
| Principal applicant |
USD 230,000 |
USD 5,000 for the principal applicant + USD 5,000 for each participant aged 17 years or older |
| Principal applicant and up to three family members |
USD 200,000 |
| Each additional participant (except siblings and financially dependent parents under 55) |
+ USD 25,000 |
| Every financially dependent parent under 55 years of age |
+ USD 50,000 |
| Each sibling |
+ USD 75,000 |
Property investors, who plan on moving to Grenada, in addition to investing in a government-approved project, must pay a government fee of USD 50,000. Starting with the fifth applicant, an additional USD 25,000 is added for each parent aged 55 or older and minor child, USD 50,000 for a parent under 55 and USD 75,000 for a sibling. The fee for registering a share is USD 8,800 and the cost of a security check is similar to that of obtaining a passport for a government fund contribution.
Other charges accompanying both schemes for Grenada investment citizenship must also be considered. These start at USD 4,900 for a principal applicant, USD 9,650 for a married couple and USD 15,150 for a family of four or more.
Countries whose citizens can obtain citizenship in Grenada
The state's Investment Migration Agency restricts citizens of the following countries from taking advantage of Grenada citizenship benefits:
- Afghanistan
- Belarus
- Iran
- North Korea
- Russia
- Sudan
- Yemen
Citizens of countries not on the list are eligible. However, individuals born in the countries listed above can still qualify for a Grenadian passport under specific circumstances. Investors from these countries interested in how to get Grenada citizenship should consider the following legal circumstances:
- Having immigrated before reaching the age of majority
- Holding a residence permit or valid visa for at least 10 years in the UK, USA, Australia, New Zealand, Saudi Arabia, UAE or any Schengen country
- Not maintaining any economic ties with a restricted state
