Citizenship of Grenada
- Holding a Grenada passport will allow you to travel visa-free to 142 countries, including EU countries, Russia, the UK, Ireland, the Caribbean, and most Commonwealth countries, as well as China
- Grenada does not impose a tax on income, wealth, or inheritance
- No requirement to reside in Grenada before or after citizenship is granted.
- Siblings can be included so Grenada offers the most convenient program for large families.
- It offers the possibility of receiving a category E2 visa for the United States
- It is one of 5 countries in the world whose citizens can travel visa-free to China
- The time it takes for applications to be considered is 3 months
TWO WAYS OF RECEIVING CITIZENSHIP MAKING A CONTRIBUTION TO THE STATE
Official authority: National Transformation Fund (NTF)
Investor: USD 150,000
Investor + spouse: USD 200,000
Investor + spouse + 2 children: USD 200,000
Additional dependents: USD 25,000 – for each additional dependent after the first three
INVESTING IN REAL ESTATE
Minimum investment: USD 220,000
Required period of real estate ownership: 5 years State fees
Investor: USD 50,000
Spouse: USD 50,000
Dependents: USD 50,000 for each dependent after the first three
TWO WAYS OF RECEIVING CITIZENSHIP MAKING A CONTRIBUTION TO THE STATE
Advantages
- Simple transaction
Drawbacks
- Contribution is non-refundable
INVESTING IN REAL ESTATE
Advantages
- Tangible assets
- Return on investment in the form of dividends
- Return on investment in the form of resale
- Physical connection to the country
Drawbacks
- Greater initial costs
GRENADA – A brief guide
Capital: St. George’s
Area: 344 sq.km.
Population: 112 000
GDP: USD 1,2 billion
Language: English
Year of independence from Great Britain: 1979
Main islands: Grenada, Carriacou, Petit Martinique
Grenada is a Caribbean country comprising a main island, also called Grenada, and smaller surrounding islands. Dubbed the “Spice Isle,” the hilly main island is home to numerous nutmeg plantations. It’s also the site of the capital, St. George’s, whose colourful homes, Georgian buildings and early-18th-century Fort George overlook narrow Carenage Harbour. To the south is Grand Anse Beach, with resorts and bars.