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ABOUT GRENADA

More commonly known as the “Spice Isle”, Grenada offers beautiful unspoilt beaches, diving, sailing, hiking and so much more. With this in mind, the Grenada Economic Citizenship Program offers family security and visa free travel to over 120 countries including Europe’s Schengen zone and tax-free peace of mind for those interested in a second passport. The island welcomes all potential individuals, businessmen and families of highest caliber to come and experience the high end lifestyle and natural beauty that the has on offer.

The Grenada economic citizenship scheme allows qualified investors and their family members to apply for an irrevocable Grenadian passport and avail all featured amenities and facilities that are covered under the Program.

Country Background:

  • This peaceful and welcoming nation in the south-eastern Caribbean Sea comprises of a handful of islands. Famed for its tropical scenery, dramatic waterfalls and stunning beaches, this small archipelago is one of the world’s most exclusive tourist destinations and considered home by many expatriate professionals and second passport holders.
  • Grenada is a politically stable country with the Prime Minister as the leader of the Government. The island has excellent financial regulations and is home to a number of Canadian banks.
  • Tourism is the biggest earner and it directly and indirectly supports much of the country’s 100,000 population. Grenada is the world’s second largest producer of nutmeg.
  • The island is 12 degrees North of the Equator and, unlike many tropical locations, it is outside the hurricane belt.
  • The islands have a tropical sunny climate with an average year-round temperature of 28°c. Although the climate is warm all year round, the island experience some seasonal changes depending on altitude.
  • The island has an excellent infrastructure with modern roads and highways, reliable electricity and water supplies in addition to a state-of-the-art communications network.
  • The country is a member of the British Commonwealth and the United Nations.
  • The legal system is well-respected and based on English law.
  • The islands are easily reachable to visitors with direct flights from Toronto, New York, London, Miami and many other cities across the world.

The Grenada Citizenship by Investment program provides you the opportunity to legally acquire a new nationality and Grenada economic citizenship promptly whilst enabling global mobility for you and your family. Contact our professional consultants today for obtaining a second passport through the Grenada Citizenship by Investment Program.

Why Grenada?

Legal Basis

The Citizenship by Investment (CBI) program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament. It stipulates that any person can apply for naturalization and may be eligible for Citizenship on a payment of fees if the Government is satisfied that such person has invested substantially in Grenada.

The act allows for investment to be made in either one of two ways:
1.            The first is by making a contribution to the National Transformation Fund, which assists the development of Grenada’s resources, with the aim of benefiting Grenadians.
2.            The other option is an investment into a government-approved real estate project, which comes into being after being reviewed and recommended by the committee to the government Minister in charge.

Grenada Benefits

  • Travel directly from your country of origin to over 120 countries including any Schengen States, UK & Canada.
  • Irrevocable citizenship for you and your family and all future generations
  • Passport holders name can be legally changed if required.
  • No taxes on income, capital gains, gifts, wealth and inheritance.
  • No need to renounce your current citizenship(s) and no notification to home authorities of your new citizenship.
  • There are no residency requirements – you are eligible to apply immediately
  • All nationalities are welcome to apply.
  • E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.
  • Fast processing within 4 months

Grenada Passport Visa Free Countries

(Grenada Passport Visa free and visa-on-arrival countries)

 

Andorra
Antigua and Barbuda
Argentina
Armenia
Austria
The Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Benin
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Chile
China
Colombia
Costa Rica
Croatia
Cuba
Cyprus
The Czech Republic
Denmark
Dominica
The Dominican Republic
Ecuador
Estonia
Fiji
Finland
France
Gabon
The Gambia
Georgia
 Germany
Greece
Guyana
Haiti
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Jordan
Kenya
Kiribati
Kyrgyzstan
Laos
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Malta
Mauritius
Micronesia
Monaco
Montenegro
The Netherlands
Norway
Panama
Peru
The Philippines
 Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Senegal
Seychelles
Singapore
Slovakia
Slovenia
The Solomon Islands
South Korea
Spain
Sri Lanka
Suriname
Swaziland
Sweden
Switzerland
Tanzania
Trinidad and Tobago
Turkey
Uganda
The United Kingdom
Uruguay
Vanuatu
Vatican City
Venezuela
Zambia
Zimbabwe

Please note: The list of Grenada visa-free countries is subject to change depending on each government’s policy.

Grenada Costs & Procedures

There are two options for qualifying contribution for the Grenada Citizenship-by-Investment Program:

1) A cash donation to the National Transformation Fund (NTF).

For a family of four:

Donation
USD 200,000
Additional child up to 26 years of age
USD 25,000
Dependent parents aged under 65
USD 50,000
Dependent parents aged over 65
USD 25,000
2) Real Estate

Investment in real estate through one of the Government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land. USD 350,000 is the minimum value of investment qualifying you and your family under the real estate option. The investment is subject to a minimum holding period of four (4) years.

For a family of four:

Investment
USD 350,000
Government Fees
USD 50,000
Additional child up to 26 years of age
USD 25,000
Dependent parents aged under 65
USD 50,000
Dependent parents aged over 65
USD 25,000
In addition, there are other costs associated with both options:
Processing fees per person
USD 1,500
Processing fees for dependents up to 18 years
USD 500
Processing fees for dependants aged 18+
USD 1,500
Application fees per person
USD 1,500
Due Diligence per person
USD 5,000
Due Diligence for children aged 0-12
No fee
Due Diligence for children aged 12-17
USD 2,000
Due Diligence for children aged 18+
USD 5,000
DEPENDENTS

18 – 26 Years may be considered a dependent provided they are fully dependent on the main applicant and studying full time for a higher education.

Parents above 65 years may be considered a dependent, provided they are fully dependent on the main applicant.

Branches & Partners professional fees, official application forms, certificates of citizenship & passports, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.

Grenada Second Passport

The Grenada CBI Program allows qualified investors and their family members to apply for an irrevocable Grenadian passport and avail all featured amenities and facilities that are covered under the Program.

Grenada recognizes dual citizenship. You are still able to hold your native passport and benefit from its legal rights. Irrespective of your first nationality, the island welcomes all potential individuals, businessmen and families of highest caliber to come and experience the high end lifestyle and natural beauty that Grenada offers.

At Branches and Partners (Grenada authorized agents) our expert consultants are able to assist you throughout the Grenada passport process. To obtain your Grenada passport contact Grenada authorized agents Branches and Partners today.

CONTINUOUSLY GROWING WITH
YOU.

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