The Citizenship by Investment Program of Grenada allows the investors from various lands to invest with their families to obtain second citizenship in exchange for an economic contribution to their Nation. Successful applicants enjoy travel visa-free to over 120 countries worldwide. These countries include the United Kingdom (UK), the European Union (EU), China, Brazil, Hong Kong, and Singapore.
The country is independent since 1974. Grenada also is a member of the Commonwealth of Nations, the United Nations (UN), the Caribbean Community (CARICOM), the Organization of Eastern Caribbean States (OECS), and the Organization of American States (OAS). It has a democratic parliamentary governmental system, and is politically, socially, and economically stable.
The Grenadian system of education is modeled on the British educational system, and the population of the country is highly educated. St George’s University, located in the nation’s capital city, is one of the best offshore universities in the world. It offers courses in medicine and veterinary science and welcomes over 6,000 students every year. Read the complete details about this program here at Procitizenship.
Grenada is a Caribbean country, which is calm and comprises of three main islands: Grenada, Carriacou, and Petite Martinique. It is also known as the ‘Spice Island of the Caribbean,’ and is a colorful nation with a wonderful culture, tropical scenery and welcoming people. Besides, sandy blue-green beaches, spectacular waterfalls, and abundant spices, the country offers a high standard of living, with festive and sports events throughout the year. The islands Carriacou, and Petite Martinique are located in the south-eastern Caribbean Sea, near Trinidad & Tobago. They are part of the Windward Islands, in the Lesser Antilles. Grenada’s airport makes it easily accessible from London, Toronto, New York, and Miami. It’s a wonderful place to invest or to spend the rest of your life with your family!
A non-refundable contribution to the National Transformation Fund of US$ 200,000 (family of four)
There are various benefits of possessing a Grenada citizenship for South Africans like:
Applicants for the Grenada Citizenship by Investment Program must fulfill the following conditions:
Investors and their families might become citizens of Grenada through its Citizenship by Investment Program by selecting one of the following two options:
The NTF option is the most popular alternative for Grenada’s citizenship by investment. It was established in the year 2013; the National Transformation Fund raises capital to assist the Government in financing development projects to benefit the country & people of Grenada. The minimum required contribution under the NTF option is 150,000USD.
Investment in Pre-approved Real Estate : The pre-approved real estate option requires applicants to purchase property and to maintain ownership for at least 3 years. The minimum required investment under the pre-approved real estate option is US$350,000.
Sign client agreement and provide supporting documentation.
Sign a reservation form and submit a deposit of 22,000USD against the investment of 220,000USD to secure your interest in the real estate option for the CBI Program.
Collect the required documents. Legal fees, due diligence fees, application fees, and processing fees must be paid along with the application.
Application processing takes approximately 90 days. Upon approval of the application the investor will pay within 7 days, the remaining balance of 198,000USD; government fees of 50,000USD for the main applicant and up to 3 dependents, share registration fees and other miscellaneous fees.
Proof of ownership will be submitted to the government, and the CBI unit will issue the Certificates of Citizenship and Passports.
1. What’s the official language of Grenada?
The official languages are English, Grenadian Creole (English & French)
2. Does Grenada allow me to keep my original citizenship?
Grenada will allow you to keep your original citizenship as the country has a provision for dual citizenship.
3. Will my citizenship expire?
No, when you acquire citizenship under a Grenada citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.
4. Do I have to pay tax in Grenada?
Residents of Grenada benefit from no capital gains tax or estate taxes. The income taxes are progressive, ranging from 10% to 25% on taxable income. The citizens are not taxed on their worldwide income but only on income sourced within Grenada.
5. What currency do they use in Grenada?
The currency used here is Eastern Caribbean Dollar.
6. What is the restricted country list?
Grenada does not restrict citizens of any countries or territories.
7. How long will my citizenship be valid?
The citizenship under a Grenada citizenship program is for a life time, under which you and your family enjoy full citizenship for life. It can be passed on to future generations by descent.
8. Can I Visit Schengen countries with a Grenada Passport?
Yes, holders of a passport issued by a Grenada enjoy visa free travel for up to 90 days to many countries, including the EU, specifically the Schengen area.
9. Can my family be included in my application?
Yes, one may apply for citizenship with their wife or husband, dependent children, and dependent parents. Fees for family members vary according to the number of members included in the application.
10. Is the main applicant required to stay in Grenada for a minimum period once the passport has been issued?
No, the main applicant is required to stay in Grenada for a minimum period once the passport has been issued
11. Is taking Oath required?
Yes, Oath taking is required.
12. Which Personal Documents are required?
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