Grenada Economic Citizenship by Investment

$150,000.00

Approval: 3-4 months
No Tax: International Income, Capital Gains, Dividends, Inheritance or Wealth
Visa Free Travel: 135+ Destinations
Investment: Donation, Real Estate

Grenada Economic Citizenship

Since the establishment of Grenada economic citizenship in 2013, applicants from all nationalities who relish global freedom can obtain lifelong Grenada economic citizenship by investment. The two paths established by the Grenada citizenship by investment regulations include a nonrefundable minimum contribution of $150,000 into the National Transformation Fund or a purchase of government approved real estate for minimum price of $220,000 for shared property, or $350,000 for sole ownership. 

National Transformation Fund

The first option for investors to obtain Grenada citizenship by investment is called the National Transformation Fund (NTF). This option was created by the government in order to provide funding for important economic segments of the island’s economy. These important economic segments include tourism, agriculture and alternative energy.

Successful applicants will be required to undergo a thorough application process and if successful, submit a non refundable per person investment amount specified below. Under the NTF, the government requires a Grenada citizenship processing time of only 3-4 months. Get a Customized Quote today!

Program Cost Donation Amount
Investment $150,000 single applicant
$200,000 main applicant + up to 3 dependents
$25,000 each additional dependent*
$75,000 per dependent non married sibling of main applicant**

$50,000 per dependent parent/grandparent <55**
$75,000 dependent parent <55 family of five or more**
Due Diligence $5,000 main applicant
$5,000 spouse
$5,000 dependents (age 17 and over)
$0 no charge dependents (age 0-16 years)
Government Processing Fees $1,500 main applicant
$1,500 spouse
$1,500 dependent (age 17 years and over)
$500 dependent child (age 0-16 years)
Government Application Fees $1,500 per person
Passport $270 per person

*Includes children of the main applicant born within 12 months after citizenship was granted, they can be retroactively included for USD $25,000.
**Dependent siblings, parents and grandparents under the age of 55 will always require these fees and cannot be included in the $50,000 government contribution for family of four.

Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.


Grenada Economic Citizenship Real Estate Option

The Grenada citizenship by investment regulations established the real estate option to support development of the local tourism industry. This path to citizenship requires that investors purchase government approved real estate for a minimum purchase price of $220,000 (shared property) or $350,000 (sole ownership) and complete the other application requirements.

The shared property minimum purchase price of $220,000 is contingent on the availability of an additional main applicant with whom the minimum unit purchase price of $440,000 will be split. If so, the two (or more) main applicants will each be co-owners of the unit and also qualify for the Grenada Economic Citizenship real estate option.  

The Grenada citizenship by investment regulations require the investor to own the property for a minimum 5 year period to retain their Grenada economic citizenship. After 5 years, the owner can sell on the open market. Additionally, the owner can sell to secondary purchasers of CBI property who can use it to qualify for the Grenada economic citizenship program. The Grenada citizenship cost under the real estate option is broken down in the table below. Get a Customized Quote today!

Program Fees  Amounts Due
Real Estate Investment $220,000 irrespective of the number of applicants*
Due Diligence $5,000 main applicant
$5,000 dependents (age 17 and over)
$0 no charge dependents (age 0-16 years)
Government Fees $50,000 main applicant
$50,000 family of four

$35,000 spouse
$35,000 child dependents 18-30 years
$25,000 child dependents <18 years***
$75,000 per dependent non married sibling of main applicant**

$50,000 per dependent parent/grandparent <55**
$75,000 dependent parent <55 family of five or more**
Government Processing Fees $1,500 main applicant
$1,500 spouse
$1,500 dependent (age 17 years and over)
$500 dependent child (age 0-16 years)
Government Application Fees $1,500 per person
Passport $270 per person

*$220,000 purchase price assumes it is a shared property. Otherwise, for sole ownership the minimum purchase price is $350,000
**Dependent siblings, parents and grandparents under the age of 55 will always require these fees and cannot be included in the $50,000 government contribution for family of four.
***Includes children of the main applicant born within 12 months after citizenship was granted, they can be retroactively included for USD $25,000.

Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application.


Six Senses La Sagesse, Grenada

Six Senses La Sagesse, Grenada combines the best property developer in the Eastern Caribbean with the Six Senses international hospitality brand. Additionally, Six Senses La Sagesse, Grenada is located on one of the best beaches in the Caribbean. The one hundred units that feature private plunge pools in each villa. Additionally, guests will savor panoramic views from the resort and enjoy hospitality that is unmatched in the region. Indeed, the menu of specialty wellness and Caribbean healing traditions showcase what Six Senses Spa brand is renown for.

A Six Senses La Sagesse, Grenada real estate purchase is qualified under the Grenada economic citizenship program. As a result, successful investors will enjoy benefits such as of visa free access to China and US E-2 Visa eligibility. Additionally, Range Developments is the most successful developer of Caribbean citizenship by investment property. Range already has two sold out hotels operating on the Caribbean Islands of St Kits and Dominica. Investors in will have the option of reselling their investment after a five year holding period to applicants for Grenada economic citizenship.        

Kimpton Kawana Bay

The Kimpton Kawana Bay is 5 star development offering freehold ownership to qualified investors under the Grenada citizenship by investment program. A detailed feasibility study conducted by the leading Caribbean resort consultancy – MacLellan Associates – found that there is strong demand for 5 star luxury property in Grenada. In particular, Kimpton Kawana Bay is located directly on world famous Grand Anse Beach making it a prime investment opportunity. Additionally, Kimpton Hotels & Restaurants (part of InterContinental Hotels Group) is the world’s largest boutique hotel operator and they have agreed to operate the property.

Kimpton Kawana Bay Grenada

The Kimpton Kawana Bay is one of the best Grenada CBI approved projects that offers investors the choice of premium 1-bedroom suites or studios in either the Kiawah or Matura development phase. Prices start at $220,000 for a shared unit and the property is slated to open in 2020. Demand is very high for CBI property in Grenada and the units are available on a “first come, first serve basis“. Get a Customized Quote today!

Family of Four (2 Children <17) Multi Title Suite/Studio Single Title Studio (one owner)
Purchase Price/Investment Amount $220,000 $425,000
Government Fees $50,000 $50,000
Real Estate Conveyance Costs $10,000 $15,600
Due Diligence, Application, Passport and other Miscellaneous Fees $21,274 $21,274
Total Cost from Investor* $301, 274 $511,874
Free Annual Occupancy at Kimpton Kawana Bay No Annual Occupancy** 2 Weeks
Participation in Rental Pool 1/3 unit 1 unit
Annual Return – Revenue Sharing 1/3 Equal Share per Owner Full Equal Share per Owner
Resellability in 5 Years YES YES
Secondary Purchase Eligible for CBI YES YES
Tax Identification Number (TIN) YES YES
Proof of Address YES YES
Nexus to Grenada for E-2 YES YES
Assistance with Other Local Services (e.g. mobile phone, drivers license) YES YES
Ownership 1/6 Suite or 1/3 Studio Ownership 100% Studio Ownership

*Professional fees are required on all applications and will vary depending on the number of dependents and complexity of the application.
**One time free usage of 1 week in a suite or 2 weeks in a studio.


 

Grenada Citizenship E-2 Visa

To apply for the US E-2 Visa, the applicant must be a citizen of a country with a bilateral investor treaty with the US. Grenada is one of the E-2 treaty countries and therefore successful applicants under the Grenada economic citizenship program are eligible to apply. The Grenada citizenship E-2 visa requires applicants to invest a “substantial amount” with no set minimum into an active business in the US. Additionally, the investment must equal at least 50% ownership in the business. If successful, the applicant can enter and work in the US based on their investment.

  • The E-2 Visa is valid for a five year period and can be renewed continuously as long as the investment still qualifies.
  • The spouse of the Grenada citizenship E-2 visa applicant has open market employment opportunities in the US.
  • Successful E-2 visa holders can reside and work in the US while their EB-5 permanent residence applications are pending.
  • Applicants for the E-2 visa may convert their status to the EB-5 (green card) provided they meet the investment criteria.
  • Processing time for E-2 visa is usually two months or less.
  • Children (under 21 years) of the E-2 applicant can attend school in the US and may be eligible for in-state tuition.
  • E-2 visa applicant and family members may be inside or outside the US during the term of the visa.

Statue of Liberty

Work and reside in the United States with the E-2 visa.

Grenada Citizenship E-2 Visa Turnkey Business Solution

We have partnered with an E-2 visa specialist firm based in the US that offers turnkey business solutions for entrepreneurs who intend to use Grenada economic citizenship to obtain US E-2 visa approval. The US E-2 visa approval turn time is fast and with their turnkey solution, you could be living in the US within 2 months after you receive Grenada citizenship by investment. Get a Customized Quote today!


Grenada Citizenship Benefits

    • USA E-2 Visa: Grenada citizenship E-2 visa eligibility is one of the most coveted Grenada citizenship benefits. Grenada Citizens are eligible to apply for the E-2 visa, if successful they are granted a renewable 5 year visa to live and work inside the US.
    • Member of British Commonwealth: As a Commonwealth Citizen, successful applicants enjoy benefits including assistance at British Embassies and consulates in foreign non-Commonwealth countries where their own country does not have a diplomatic or consular post. Additionally, they can apply for British emergency passports if their passport has been lost or stolen. Also, the children of successful applicants receive preferential treatment inside the UK for student visas and also work visas.
    • Member State: Grenada is a participating member in the British Commonwealth, CARICOM (Caribbean Community) and the OECS (Organization of Eastern Caribbean States).
    • Grenada Permanent Residence: The previous requirement for economic citizenship applicants to first obtain Grenada permanent residence has been removed by the government and is obsolete under the updated program guidelines.
    • Idyllic Climate: Grenada is located below the hurricane belt with year round ocean breezes and a mean annual temperature of 29° Celsius.
    • Low Taxes: Grenada economic citizenship requires no taxes on international income, no wealth tax and no inheritance tax. Also, none of the Caribbean countries impose any offshore asset disclosure requirements e.g. FBAR.
    • 100% Legal Program: The constitution of Grenada includes the Grenada Citizenship By Investment Act of 2013 and set forth the requirements and objectives of the Grenada Citizenship by investment regulations.
    • Best Family Program: Grenada citizenship benefits for families are the best in the Caribbean! Their family friendly program allows the addition of dependent children under 30 years without the need to be enrolled in full time education or over 30 years old (if disabled), plus siblings of the main applicant, parents and also grandparents. As an added bonus, citizenship can be passed down to three generations and beyond.
    • World Class University: The internationally esteemed St. George’s University is located on Grenada Island and has US accredited medical programs plus veterinary, arts and science education facilities with over 7,000 students from 140 different countries. Established since 1977, St George’s University is listed with the World Health Organization and is the second largest source of doctors for the entire US workforce.
    • No Residency Requirement: There is no requirement to ever visit the island in order to obtain or retain your Grenada passport.
    • No Restricted Nationalities: Grenada economic citizenship does not preclude any nationalities from qualification for the program.
    • Visa Free Travel: Grenada citizenship benefits include visa free access to China, Russia, Brazil, Cuba, Hong Kong and Singapore. Note that Grenada is the only Caribbean country with visa free access to China and UAE [visa on arrival]. Additionally, Grenada citizenship visa free countries includes all of the European Union, United Kingdom, Commonwealth Nations and Caribbean countries. In total, Grenada citizenship by investment will get you visa free access to 135+ countries. 

Grenada Citizenship Visa-Free Countries and Regions

Andorra, Antigua and Barbuda, Argentina, Armenia [visa on arrival], Austria, Bahamas, Bahrain [eVisa], Bangladesh, Barbados, Belgium, Belize, Benin [eVisa, visa on arrival], Bolivia [visa on arrival], Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Cambodia [visa on arrival], Cape Verde [visa on arrival], Chile, China, Columbia, Comoros [visa on arrival], Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti [eVisa], Dominica, Dominican Republic, Ecuador, Egypt [visa on arrival], Estonia, Eswatini, Ethiopia [eVisa], Fiji, Finland, France, Gabon [eVisa], Gambia, Georgia [eVisa], Germany, Greece, Guinea-Bissau [visa on arrival], Guyana, Haiti, Hungary, Iceland, India [eVisa], Indonesia, Iran [visa on arrival], Ireland, Israel, Italy, Jamaica, Jordan [visa on arrival], Kenya, Kiribati, South Korea, Kyrgyzstan [eVisa], Laos [eVisa, visa on arrival], Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Madagascar [eVisa, visa on arrival], Malawi, Malaysia, Maldives [visa on arrival], Malta, Mauritania [visa on arrival], Mauritius, Micronesia, Moldova, Monaco, Montenegro, Mozambique [visa on arrival], Nepal [visa on arrival], Netherlands, Nicaragua [visa on arrival], Norway, Pakistan [online visa], Palau [visa on arrival], Panama, Papua New Guinea [visitor’s permit], Peru, Philippines, Poland, Portugal, Qatar [eVisa], Romania, Russia, Rwanda [eVisa, visa on arrival], Samoa [entry permit on arrival], San Marino, Sao Tome Principe [eVisa], Senegal [visa on arrival], Serbia, Seychelles [visitor’s permit on arrival], Sierra Leone [visa on arrival], Singapore, Slovakia, Slovenia, Solomon Islands [visitor’s permit on arrival], Somalia [visa on arrival], Spain, Sri Lanka [eVisa], Suriname, Sweden, Switzerland, Tajikistan [eVisa], Tanzania, Timor-Leste [visa on arrival], Togo [visa on arrival], Trinidad and Tobago, Turkey [eVisa], Tuvalu [visa on arrival], Uganda, Ukraine [eVisa], United Arab Emirates [visa on arrival], United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Zambia, Zimbabwe

DEPENDENT, DISPUTED OR RESTRICTED TERRITORIES

Kosovo, Northern Cyprus, Palestine, Somaliland [visa on arrival], South Ossetia, Transnistria

DEPENDENT OR AUTONOMOUS TERRITORIES

Ascension Island [eVisa], Anguilla, Aruba, Bermuda, British Virgin Islands, Caribbean Netherlands, Cayman Islands, Cook Islands, Curacao, Gibraltar, Montserrat, Hong Kong, Macau, Faroe Islands, Greenland, French Guiana, French Polynesia, French West Indies, Mayotte, New Caledonia, Reunion, Saint Pierre and Miquelon, Wallis and Futuna, Sint Maarten, Niue, Akrotiri and Dhekelia, Pitcairn, St Helena [visa on arrival], Turks and Caicos


Grenada Citizenship Application Requirements

The list of documents below are required under the Grenada citizenship by investment regulations. Additionally, the Grenada citizenship processing time of 3-4 months begins after the due diligence and processing fees are collected and the completed application package is submitted to the government.

Application Package Form(s)

  • Annex 1 – Registration of Electronic Signature
  • Annex 2 – Family Members
  • Annex 3 – Application Form
  • Annex 3 – Supplement – Particulars related to applicants
  • Annex 4 – Privacy and Information Release Form
  • Annex 5 – Criminal Record Verification Form
  • Annex 6 – Birth or Adoption Records
  • Annex 7 – Verification of Support of Dependents over the age of 11
  • Annex 8 – Medical Health Certification
  • Annex 9 – Statement of Source of Funds Education
  • History/Employment History Application Checklist/Schedule II Form 1
  • Know Your Client Form
  • Application for a Grenadian
  • Passport Form

Additional Supporting Document(s)

10 current color passport size photos, Color copies of all passports possessed, Color Copy of all National ID documents, Certified copy of all marriage and divorce certificates, Original professional reference, Original Bank Reference, Resume or CV, Required Affidavits (as required in support of annex 7), Certified diplomas and school transcripts for dependents 18-25 years old (if applicable), Original police certificate and criminal records verification (annex 5), Original birth certificate or Adoption records, Medical health certificate with HIV results, Statement of Source of funds – adequate documentation is required (annex 9), Original Proof of Residential Address


Grenada National Transformation Fund Approval Process

  1. The investor signs the professional agreement with iGlobal and fills in the application forms completely. The forms are submitted for review along with all of the required supporting documents. Due diligence fees, application fees and a portion of the professional fees are submitted.
  2. After the fees and the application are submitted, the Grenada citizenship processing time for due diligence is about 3-4 months.
  3. After the due diligence examination is completed then the CBIU issues the application approval letter. If successful, the government donation is submitted.
  4. The CBIU then procures the citizenship naturalization documents and passport and then delivers them to our agency.
  5. After the documents are received they are sent to the investor via a reliable delivery service.

Grenada Citizenship Real Estate Approval Process

  1. The investor enters into a purchase and sale agreement for the government approved real estate and submits 10% to 20% down payment. (Purchase can be made contingent on citizenship approval.) Additionally, the investor enters into a professional agreement with iGlobal and submits a portion of the professional fees.
  2. All application forms are completed and required documentation is collected for review by our legal team. The remaining professional fees along with the application and due diligence fees are submitted in full.
  3. The applicant transfers the full investment amount to the designated attorney controlled Grenada escrow account.
  4. The required documents are submitted along with the application. After submission, the Grenada citizenship processing time is about the same as the ETF – 3 or 4 months.
  5. Upon approval, the CBIU will issue the certificate of naturalization. The passport application is then submitted to the department of immigration and when received it is sent to the applicant by reputable delivery service.

No Foreign Income Tax

As an applicant of the Grenada citizenship by investment program you do not need to be concerned with income tax on foreign income. Additionally, in Grenada there is no capital gains tax, wealth tax, inheritance tax or taxes on dividend income.

Personal Income Tax

Citizens of Grenada will only pay personal income tax if the income is sourced domestically. The currency used on Grenada is the Eastern Caribbean dollar (XCD) which is pegged to the US Dollar at 2.7 XCD per 1 USD.

Annual Income Tax Rate
XCD 36,000 and under Exempted
XCD 36,001 to XCD 60,000 10%
Exceeding XCD 60,000 28%

Value Added Tax (VAT)

A VAT tax rate of 15% is charged on goods and services that are purchased in Grenada and goods/supplies imported into Grenada.

Business Tax

Resident companies must pay Grenada tax on business income. A company is resident if it is registered in Grenada or their main point of control is in Grenada. However, non-resident companies only pay Grenada tax on business income after they have established a branch in Grenada. If so, they pay tax on business/trade that is being conducted in Grenada. The tax rate on business income is 28% A company is also required to pay annual stamp tax on its gross receipts which includes revenues from rental income, dividend income, interest income, investment income, cost of materials from stocks, and sale or disposal of goods and services.

Revenues Per Annum Tax Rate
XCD 36,000 and under Exempted
XCD 300,000 and under 0.5%
XCD 300,000 and above 0.7%

Property Transfer Tax

Those who buy or sell property by deed transfer in Grenada are required to pay transfer tax whether the transaction is a sale, gift or other method of disposition. Property transferred by Deed of Gift is only taxable on the amount that exceeds XCD 150,000. Additionally, dispositions by other means are taxed only on the amount exceeding XCD 20,000. The tax rates paid on the aforementioned amounts are as follows:

Subject to Tax Tax Rate
Seller (Grenada Citizen) 5% non CBI property 2.5% CBI property
Seller (non citizen) 15%
Buyer (Grenada Citizen) 0%
Buyer (non citizen) 10%
All Buyers 1% Stamp Duty Tax

 


Grenada Local Facts

About 2 million years ago the volcanic rumbling from the ocean floor gave birth to the beautiful island of Grenada. As a result of the volcanoes, Grenada citizenship benefits include fertile soil and the mountainous interior of the islands. Additionally, Grenada citizenship benefits include 45 beautiful white sand beaches along its 121 kilometers of coastline – including the famous Grand Anse beach. Therefore, visitors can enjoy the world class beaches and then hike into the world’s most beautiful waterfalls in the same day!

Grenada’s economy has averaged a real growth rate of 5% since 2013 which has benefited largely from the expansion of tourism, construction and light manufacturing. However, agriculture is still a significant sector of the economy with the largest exports being nutmeg and mace. Other crops include cocoa, cinnamon, citrus fruits, bananas and cloves.

  • Capital & Largest City: St George’s (pop. 34,000)
  • Independence from UK: February 7, 1974
  • Total Population: 112,000 (2019)
  • Nominal GDP: $1,210,000,000 2018 (World Bank)
  • GDP Per Capita: $9,205 2018 (World Bank)
  • Local Currency: East Caribbean Dollar (XCD)
  • Spoken Language: English
  • Political System: Constitutional Monarchy
  • Legal System: English Common Law
  • Highest Point: Mount St. Catherine 840m
  • Total Area: 348 sq kilometers/133 sq miles

Grenada Location

Grenada Islands area map

The Caribbean island nation of Grenada is located in the southern part of the Grenadines Island group at the tail end of the Windward Islands in the Lesser Antilles island archipelago.

The island nation consists of 7 islands with the largest and main island being Grenada. The next largest in size are the islands of Carriacou and Petite Martinique. Additionally, Grenada citizenship benefits include easy access to Venezuela, Trinidad and Tobago and the vast continent of South America.


Travel Options to Grenada

Maurice Bishop International Airport is located on the Island of Grenada. The airport is accessible throughout the Caribbean Islands and also major cities such as Caracas, Miami, New York, Toronto, London and Frankfurt.

Travel to Grenada

Furthermore, cruise ships depart from both Miami and Puerto Rico and feature Grenada as a regular port of call. If you have your own ocean vessel then you will find plenty of marinas where you can clear customs and immigration. Plus, you can purchase supplies on the islands and anchorage services are available in most bays and inlets.