Obtaining Grenada citizenship is one of the fastest ways to acquire dual passports and open doors globally. In addition to providing visa-free travel, the country offers many other benefits.
From a stunning waterfront that appeals to nature lovers, to a calendar of unforgettable festivities, to an advanced economy and thriving tourism sector, Grenada offers something for everyone.
Visa-Free Travel to 140 Countries
Known as the ‘Isle of Spice,’ Grenada is a one-of-a-kind Caribbean destination with warm tropical weather and pristine beaches. Its vibrant culture and natural beauty make it a welcoming place for businessmen and families to live, work, and play.
The island’s passport offers visa-free travel to 140 countries worldwide, including the United Kingdom and other members of the European Union. It is also a member of the Commonwealth of Nations, which provides its citizens with access to all of the country’s embassies and consulates in the world.
Grenada’s passport comes with an attractive tax environment, enabling its residents to optimize their global financial strategies and protect their assets. Unlike some other countries, Grenada does not impose taxes on income, wealth, or inheritance, which can offer significant benefits to those seeking investment opportunities abroad.
In addition to the favourable tax environment, Grenada offers an efficient due diligence process and flexible requirements, making it an ideal option for investors looking for citizenship in a safe and secure country with the best possible travel options. The passport program also does not require a minimum period of residency or physical presence in the country before or after the application process, further reducing the amount of time that families will need to spend in-country.
The program can be completed in just five quick steps and takes only four months on average to complete. Applicants must first submit their main documents, such as a current passport, birth certificate, police clearance certificate, and education certificates, and then execute a Purchase and Sale Agreement or donation with the government and pay all other fees. Once these documents have been reviewed, the applicant can begin the pre-check process, which speeds up the overall processing time.
The citizenship by investment in Grenada offers a flexible pathway for both individuals and families. Applicants can choose to invest in government-approved real estate or make a non-refundable donation to the National Transformation Fund (NTF). Both investments contribute to the country’s economic development and result in a tangible asset for investors. However, each option has its own stipulations and requirements.
For example, the direct purchase route requires a minimum investment of $350,000 for single applicants and $220,000 for family applications. The co-investment option, on the other hand, allows applicants to share ownership of government-approved real estate projects such as resorts and villas. After a specified period, these properties can be resold without impacting citizenship status. Additionally, both options allow for the inclusion of immediate family members such as spouses and children.
Regardless of which investment pathway they choose, applicants can expect to benefit from a range of tax optimization benefits. Citizens of Grenada enjoy a low-tax environment with no income, wealth, or inheritance tax as well as a reduced rate on foreign earnings. Furthermore, citizens can open bank accounts in major international banks with lower commissions and speed up foreign exchange settlements. Moreover, registering international companies in Grenada reduces taxes and avoids currency control restrictions in transactions with business partners overseas.
These are just a few of the many benefits that come with investing in Grenada’s thriving economy.
Grenada may be best known for its pristine beaches, waterfalls, and spices, but the ‘Island of Spice’ is also a one-of-a-kind Caribbean destination that offers unparalleled opportunities for international businessmen and families. The country’s economic citizenship by investment program allows individuals and their families to gain permanent residency and obtain a passport through substantial investments in real estate or the National Transformation Fund. The program is ranked among the best in the world and has a number of distinct advantages over its Caribbean competitors, despite being more recent in launch.
A key aspect of the Grenada CBI program is that it allows families to include dependent children, spouses, parents, and grandparents in the application for citizenship. However, these relatives will need to show that they are financially dependent on the main applicant and that they reside with them on a permanent basis. In addition, the government requires all applicants to maintain a clean criminal record and refrain from engaging in unsavory activities that could bring disrepute to the nation.
The minimum investment requirement is very affordable compared to other CBI programs, beginning at $150,000 for a single applicant or $200,000 for a family of four. Alternatively, applicants can make a monetary donation to the National Transformation Fund instead of purchasing real estate and pay a lower government fee.
Another advantage of the Grenada CBI program is that the country recognizes dual citizenship, allowing applicants to keep their existing passports while enjoying the benefits of a new one. This is a huge benefit for high-net-worth individuals who want to provide their families with the freedom of global mobility while protecting their privacy and safety. Moreover, those with a Grennada passport can be eligible for the E-2 visa in the US, granting them access to important markets such as the UAE and China.
International Business Prospects
Grenada has made a strong name for itself as a world-class destination. From pristine beaches, like Grand Anse beach, to its rum factories and spice farms, the country is a magnet for tourists. As a result, its economy is robust. The island nation has pushed itself to be service-driven and tourism-focused, a strategy that is paying dividends. The Grenada’s citizenship-by-investment program is an important driver of this success.
As a citizen of Grenada, investors enjoy a unique set of benefits including freedom from global taxes. The island nation offers no taxes on income, capital gains, dividends, or royalties earned in the country. Furthermore, there is no estate or inheritance tax. This makes the Grenadian passport an attractive option for international business professionals.
With the right investments, it is possible to secure a passport and access the international economy with ease and efficiency. Whether through making a contribution to the National Transformation Fund or purchasing pre-approved real estate, the process is straightforward and takes about 4-6 months.
The Grenada CBI program requires a minimum investment of USD $150,000 for the main applicant, and USD $220,000 for a family of four, plus government fees. Applicants can also choose to make a monetary donation to the National Transformation Fund, which allows them to include their spouse, children, and dependent parents in their application. The Grenada economic citizenship program is one of the most affordable in the Caribbean and has no physical residency requirements, making it a popular choice for families seeking a second passport.
Real Estate Investment
Unlike other Caribbean CBI programs, Grenada offers a visa treaty with the United States, which means its citizens can apply for a long-term visa in order to live and work there. This is a huge perk, especially for people looking to renounce their US citizenship or those who simply want to be able to invest in the US without having to maintain permanent residency there.
The nation also provides excellent tax benefits for its citizens. Residents pay 0% taxes on dividends, royalties, and interest, while withholding tax is only 15%. Furthermore, there is no inheritance or capital gains tax in Grenada, as well as a generous incentive package including corporate tax exemption and full exemption from import duties.
With its lush forests and stunning beaches, Grenada has a lot to offer investors. But it’s its investment potential that really draws the attention of many, especially given the country’s unique position in the region.
Whether through a donation to the National Transformation Fund or investing in real estate, the program gives participants a second passport with the ability to enjoy visa-free travel and a range of other benefits. It’s a smart move as the world grows more interconnected and having dual citizenship is increasingly valuable.
Grenada’s real estate investment option is particularly attractive because it allows applicants to recover their initial investment within five years after acquiring citizenship. Moreover, it often offers passive residual income, as resorts and hotels with property approved for the investment program generally rent out units to guests, which can help cover maintenance fees. Lastly, the program keeps real estate investors’ funds in escrow instead of handing them over to developers, so they can be confident that their money is safe until it’s ready to be released.