A contribution to the National Transformation Fund
Country Profile
Grenada is composed of three Caribbean islands: Grenada, Carriacou, and Petite Martinique. It is one of the world’s largest producers of nutmeg – a spice that also features on the nation’s flag. Grenada’s other major crop exports are mace, cinnamon, and cloves, although cocoa and bean-to-bar chocolate are also important. Grenada’s white-sand beaches allow it to perform strongly in the tourism market, and its prestigious medical school at St George’s University ensures a flow of international students and staff. Grenada was invaded in 1983 by the United States, which, in a matter of weeks, ousted the then-communist regime and made way for today’s democratic state.
- Official name: Grenada
- National anthem: Hail Grenada
- Location: Caribbean, Americas
- Capital city: St George’s
- Official language: English
- Independence: 7 February 1974, from the United Kingdom
- Government type: Constitutional monarchy with a parliamentary democracy
- Head of State: Monarch represented by the Governor General
- Head of Government: Prime Minister
- Basis of legal system: English common law
- Currency: Eastern Caribbean dollar
- Climate: Tropical
Programme Profile
Investment Options for a single applicant
- US$150,000
Investment in real estate in an approved project, to be held for 5 years if the future purchaser is an applicant for citizenship by investment.
- US$350,000 + US$50,000 Government fee
Joint investment in real estate in an approved project in the Tourism Accommodation priority sector, to be held for 5 years if the future purchaser is an applicant for citizenship by investment.
- US$220,000 + US$50,000 Government fee
The Grenada Citizenship by Investment Programme
Investment options for a single applicant
- Created in 2013 by the Grenada Citizenship by Investment Act
- Two investment options:
- A contribution to the National Transformation Fund (NTF)
- An investment in real estate in an approved project, which itself presents two choices. Applicants can invest US$350,000 in any approved project. Alternatively, they can jointly invest US$220,000 in an approved project in the Tourism Accommodation priority sector. Applicants who purchase real estate must hold their real estate for five years.
- For real estate investments only, applications lodged by up to four family members require payment of an additional US$50,000 Government Fee. Additional payments are required when parents or grandparents 55 years of age or under, or siblings, are included in an application
- Application, Processing, and Due Diligence Fees apply
- Overseen by the Citizenship by Investment Committee (CBIC)
- No business experience requirement, no English language test
- No travel or residence requirements
- Grenada’s target processing time of an application is 60 business days
- All applicants 17 years of age and over are subject to a mandatory interview and identification process