Grenada’s Citizenship by (CBI) Investment Program

Grenada’s Citizenship by Investment (CBI) program distinguishes itself in the competitive landscape of economic citizenship through a combination of unique advantages and strategic benefits. With the typical passport processing time of up to 8 months, it is a cost-effective and efficient solution for larger families looking for a strong second citizenship.

Grenada Citizenship by Investment Benefits

Here’s a structured overview of why Grenada’s program stands tall:

1. E-2 Visa Treaty with the United States

Unique Access: Grenada is one of the few CBI countries with a treaty allowing citizens to apply for the U.S. E-2 investor visa. This enables holders to live and manage businesses in the U.S., a significant advantage for investors seeking American market access. The E-2 Visa does not directly lead to US citizenship, however, it allows the visa holder to set up a business in the US and move their family to the US. If the US is one of the markets you wish to explore, then a Grenada passport can be beneficial. 

2. Visa-Free Travel

Extensive Reach: Grenadian passport holders enjoy visa-free or visa-on-arrival access to over 140 countries, including the Schengen Area, UK, China, and Russia, facilitating global mobility for business and leisure. The Grenada passport is well-respected around the world. Grenada is one of the countries that has avoided negative publicity, which some of the Caribbean passports that have suffered in recent times due to heavy discounting deals offered to certain developers by various governments. A stringent due diligence process and transparent pricing make the Grenada passport a reliable and preferred choice.

3. Investment Flexibility

In the Grenada citizenship requirements, the government allows 2 options with a transparent pricing structure: 

Option number 1 is a National Transformation Fund (NTF) donation: A non-refundable donation starting at $235,000 (single applicant) will obtain a Grenada passport for each individual applying. The donation is made after the citizenship approval is granted to the applicant(s).

Option number 2 is a real estate investment: A minimum investment of $270,000 in government-approved real estate projects, which can be resold after five years, potentially reducing net costs, is available. For a family of up to 4 people, an additional contribution of $50,000 is also required. Additional dependents under 18 can be added to the same application for a fee of $25,000 per dependent, and dependents over 18 years are charged an additional cost of $50,000 per dependent.

Cost-Efficiency: The resale option in real estate investments offers a partial financial recovery, enhancing the appeal of an investment compared to non-refundable donations in other programs. However, if you choose to have a second home or holiday home in Grenada, then you are under no obligation to sell the real estate after the 5-year period.

4. Efficient Processing and Rigorous Due Diligence

Timelines: Applications typically are processed within 6-8 months, ensuring swift citizenship acquisition. There is no requirement to visit the country during the application process. Your passports can be delivered to your home.

Reputation: Stringent background checks maintain program integrity, preventing misuse and fostering international trust. All applicants are required to attend an online interview with an independent panel to explain the sources of funds and provide any additional information that may be required to help process the application.

5. Family Inclusion

Broad Eligibility: The applications for citizenship allow the inclusion of spouses, children under 30, parents, and siblings (with additional fees), catering to extended family needs.

6. Tax Advantages

Territorial Taxation: No taxes on worldwide income, inheritance, or capital gains is one of the Grenada citizenship by investment benefits, appealing to high-net-worth individuals seeking tax optimization. Should you decide to stay and live in a country like the UAE, you can enjoy zero personal tax on your income, as the Grenada government will not require you to pay taxes on your income earned outside the country.

With good banking facilities and international flight connections, Grenada can be used as a hub for consolidating your international businesses and with careful planning, you can reduce your global taxation to an affordable level.

7. Political Stability and Commonwealth Membership

Governance: Grenada’s stable political environment and Commonwealth affiliation enhance its global reputation, offering additional diplomatic and educational opportunities. The Grenada Government is committed to maintaining the high-profile, trustworthy reputation of its Citizenship By Investment Program, allowing passport holders visa-free access to over 140 countries and allowing these benefits to be passed on to the next generation. 

 8. No Residency Requirement

Convenience: Applicants do not need to reside in Grenada before or after obtaining citizenship, simplifying the process for global citizens. As mentioned above, the passports can be delivered to your home without the need for you to travel to Grenada. 

9. Generational Citizenship

Descent Benefits: Citizenship can be passed on to future generations, ensuring long-term legacy planning for families. This may be the best gift you can pass on to your future generations.

10. Inclusion of Parents and Siblings

Grenada allows parents and siblings to be included within one application, making it an extremely cost-effective option for larger families.

Conclusion

The minimal requirements and significant benefits offered by Grenada’s Citizenship by Investment  (CBI) program make it attractive to high-net-worth individuals around the world.  

Grenada’s CBI program excels by merging unique U.S. access, strategic global mobility, flexible investment pathways, and robust due diligence. These factors, coupled with family inclusivity and tax benefits, position it as a premier choice for investors seeking a reputable and advantageous economic citizenship route.

Grenada also has excellent international flight connections to America and Europe, making it an ideal destination for holidays and as the location for a second home.

Choose Premier Consultancy

At Premier, we have helped hundreds of clients obtain Grenada citizenship. Our Immigration Consultants are extremely well-versed in advising and processing applications for Grenada passports. We can help you prepare for the due diligence process and the online interview to ensure your application has the best possible chance of approval and that passport delivery is expedited.