World_map-07-Grenada

Grenada

Country profile

Grenada is a tri-island country in the south-eastern Caribbean Sea comprising of Grenada, Carriacou, and Petite Martinique. Its approximately 107,000 citizens speak English, and creole French and English are popular unofficial languages.

Known as the ‘Island of Spice,’ Grenada is an active producer of many exotic spices including cinnamon, cloves, mace, and nutmeg. Tourism and travel are also key to the economy, accounting for 25.5 percent of Grenada’s GDP in 2015 – a value that is expected to rise to 31.5 percent in 2026.

Overall, the World Bank anticipates an annual GDP growth of 3 percent for Grenada by the end of 2016, the fourth-highest growth in the Eastern Caribbean Currency Union. The Caribbean Community (CARICOM) has also highlighted Grenada’s prominence as one of the highest exporters of telecommunications, computer, and information services of the Organisation of Eastern Caribbean States.

St George’s University, known for its medical curriculum, is a benefactor of the country’s economy and is the largest private employer on the island of Grenada. It attracts renowned academics and a diverse student body.

Grenada’s colonial past has shaped its culture – a blend of African, French, English, and Spanish influences – and is infused into the wide selection of cuisines, traditional attires, and festivals taking place throughout the year. Festivals are sources of allurement for the international community, with the Annual Grenada Sailing Festival and Grenada’s Spice Mas Festival being prime examples.

Grenada
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Programme Profile

History & Law

Created in 2013 by the Grenada Citizenship by Investment Act, Grenada’s Citizenship by Investment Programme supports the nation’s renewable and sustainable development initiatives, and stimulates foreign investment to promote tourism, construction, agriculture, and manufacturing. The Grenada Programme has gained recognition and trust thanks to its due diligence processes.

Investment Options & Key Fees

The Grenada Citizenship by Investment Programme offers applicants two investment options.

01

The first option includes a contribution of US$200,000 into the National Transformation Fund (NTF), a Government institution responsible for locating and financing alternative, economically-stimulating investments for the country.

02

The second option allows the applicant to purchase a US$350,000 Government-approved real estate project, which the applicant must hold for at least three years.

Timeline & Additional Requirements

The application process, showcasing an administration timeline of 60 business days, is also one of the most seamless, requiring no interview, no business experience, and no language requirement. Travel to Grenada or residence therein are also not necessary under the Programme.

Processing Body

Every application is vetted by the Citizenship by Investment Committee (CBIC), and must go through a series of external due diligence checks before it is readied for final review and for approval by Cabinet.

Benefits

Grenadian citizenship can benefit successful applicants by providing them with options for global mobility, particularly to China and the United States, the latter of which allows Grenadian citizens to apply for a renewable visa through its E-2 Programme. Dual nationality is allowed.