GRENADA

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

The Grenada Citizenship by Investment Programme

  • Created in 2013 by the Grenada Citizenship by Investment Act
  • Two investment options:
    • A contribution to the National Transformation Fund (NTF)
    • An investment in a Government-approved real estate project, which itself presents two choices. Applicants can invest US$350,000 in any pre-approved project. Alternatively, they can jointly invest US$220,000 in pre-approved tourism developments to which the developer has already committed 20 per cent of the total expected cost. 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 under the age of 55, or siblings, are included in an application
  • Application, Processing, and Due Diligence Fees apply
  • Overseen by the Citizenship by Investment Committee (CBIC)
  • No interview, no business experience requirement, no English language test
  • No travel or residence requirements
  • Grenada adheres to a processing time of 60 business days
  • Citizens are eligible to apply for the United States’ renewable E-2 visa