OVERVIEW OF GRENADA CITIZENSHIP BY INVESTMENT PROGRAM
Grenada’s Citizenship by Investment Program was introduced in 2013 and offers a low-cost entry for a second citizenship and passport. Applicants from all countries are welcome but are subject to strict due diligence checks. The Program attracts many high-net-worth investors from all over the world looking to increase their family’s global mobility and obtain the security of a second citizenship in Grenada. Successful applicants will be granted Grenada citizenship, a certificate of naturalisation and a passport which will enable them to gain visa-free travel to more than 153 countries worldwide. Grenada’s Citizenship by Investment Program has helped bring substantial foreign investment to the country, funding government-sponsored projects as well as boosting the general economy and creating jobs for local people.
HOW TO OBTAIN GRENADA CITIZENSHIP THROUGH INVESTMENT
Grenada’s Citizenship by Investment Program offers two main investment options through donation and real estate. The government’s donation route requires a minimum contribution of $150,000 to Grenada’s National Transformation Fund (NTF). Alternatively, a minimum real estate investment of US$220,000 in a government-approved project is required. In addition, related government application fees and due diligence fees apply.
GRENADA CITIZENSHIP BY INVESTMENT REQUIREMENTS
In addition to making the necessary investment or donation there are several requirements that applicants must meet for Grenada.
Family members can be included in the application for Grenada citizenship. The main investor can include:
- Dependent Children
- Dependent Parents over 55 years
- Siblings over 18 years old, must be unmarried with no children
Due Diligence Requirements
All applicants will need to be of good character and undergo the Grenada government’s due diligence formalities. Investors must provide:
- Police Reports – evidence of a clean criminal record
- Have no outstanding visa refusals
- Various documentation, including financial documents, employment/ business documents, ID, proof of address
Minimum Stay Requirements
Grenada’s Citizenship by Investment Program does not require applicants to meet any minimum stay requirements. Grenadian citizens will have the right to live, work or study in Grenada should they choose to, but this is not a pre-requisite of the Program. There is also no interview or language test required.
HOW LONG DOES IT TAKE TO GET CITIZENSHIP BY INVESTMENT IN GRENADA?
From the date the application is submitted to Grenada’s Citizenship by Investment Unit (CIU), applications take an average of 4-6 months to be processed. Prior to submission, most applicants typically take between 4-6 weeks to gather all their documentation. Taqween Consultancy’s in-house processing team will assist applicants with this entire process and the application can be filed remotely, no need to travel.