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
- A contribution to the National Transformation Fund
- US$235,000
- Investment in an approved project: a minimum of US$350,000. For a qualifying unit in the tourism accommodation priority sector purchased by two or more investors, the minimum investment is US$270,000 per investor, with the unit valued at no less than US$540,000. A government contribution of US$50,000 also applies.
The Grenada Citizenship by Investment Programme
Launched in 2013 under the Grenada Citizenship by Investment Act, the Grenada Citizenship by Investment Programme supports the nation’s renewable and sustainable development initiatives, and stimulates foreign investment to promote tourism, construction, agriculture, and manufacturing in the country.
The former Citizenship by Investment Unit now operates as Investment Migration Agency Grenada, the government authority responsible for the programme.
- The Grenada CBI Programme has garnered global recognition and credibility, thanks to its stringent due diligence processes.
- Application processing time takes between six and nine months.
- The country does not require applicants to fulfil travel or residence requirements, making it an attractive option for investors.
- Eligible family members may be included subject to the current age and dependency rules. Current interview requirements and family-related fees should be stated alongside the eligibility rules.
- It is not mandatory for the applicant to demonstrate business experience or proficiency in English.
- All main applicants, spouses, sponsors, and dependants 17 years of age and over will be required to attend a mandatory interview.