Citizenship of Grenada

Advantages of the Grenada Citizenship

To receive a Grenada passport, you do not need to personally visit Grenada. Nonetheless, all claimants are subject to a comprehensive verification process

  • Holding a Grenada passport will allow you to travel visa-free to 137 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

  • 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

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From an Expert at Novalife

The Citizenship by Investment Programme came into being in 2013, when the Grenadian Parliament passed Act No. 15 of 2013.

Grenada, with its unspoilt landscapes, has a perfect balance, appealing to the enthusiasm of adventure fans, beach dwellers, or even couples looking for a romantic destination.

Grenada consists of the main Grenada island itself and six smaller other islands at the southern end of the Grenadines in the southeastern Caribbean Sea. Grenada is also known as the ‘Isle of Spice,’ one of the most magnificent islands in the West Indies.

In 2004, after being hurricane-free for almost forty-nine years, the island got a straight hit from Hurricane Ivan. The damage was terrible, with over 90 percent of Grenada's homes either damaged or destroyed. The country's determined

citizens, government actions and international financing brought the island back to life, and by the end of 2005, Grenada was back in business, including tourism facilities.

Once famed only for its indigenous spices (namely mace and nutmeg), Grenada now focuses on tourism, and the islands are deservedly earning the attention of the travel industry once again. The first thing you will surely notice upon arriving in Grenada is the people's willingness to help. They are easily approachable and will embrace you, making you feel right at home on your spice island vacation. They love to socialise, share stories, celebrate and cook against the backdrop of music from local artists out on the shores of one of many beaches of Grenada islands.

The climate in Grenada is tropical with average temperatures of around 28 °C year round. The weather of Grenada is sunny and enjoyable all months of the year and with cooler breezy locations in the mountains.

 Making a Contribution to the state

  • Official authority:
    National Transformation Fund (NTF)

  • Investor:
    150,000 $

  • Investor + spouse:
    200,000 $

  • Investor + spouse + 2 children:
    200,000 $

  • Additional dependents:
    25,000 $ - for each additional dependent after the first three

  • Advantages

    • Simple transaction

  • Drawbacks

    • Contribution is non-refundable

 Investing in Real Estate

  • Minimum investment:
    350,000 $

  • Required period of real estate ownership:
    4 years

  • Legal services - 25,000 $

  • State fees
    Investor: 50,000 $
    Spouse: 0 $
    Dependents: 25,000 $ for each dependent after the first three

  • 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

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