Popularly known as the Spice Island, Grenada is one of the most attractive waterfronts in the Caribbean. Sailing, diving, luxury dining, stunning beaches, and vibrant festivals make it a preferred destination for high-net-worth investors seeking second citizenship.
Requirements of Grenada Citizenship by Investment
Grenada's Citizenship by Investment Program was launched in 2013 under the Grenada Citizenship by Investment Act. Applicants must meet one of the investment options along with these eligibility criteria:
- Be of outstanding character
- Hold no criminal record
- Have excellent health
- Possess a high personal net worth
Investment Options
The Grenada Citizenship by Investment program offers two main routes:
1. National Transformation Fund Donation
- Minimum Contribution: US$150,000 for main applicant; US$200,000 for a family of four
- Additional Dependents: US$25,000 each
- Donations are transferred in two installments
2. Real Estate Investment
- Mount Cinnamon Shares: Minimum US$350,000 for a family of four; US$25,000 per additional dependent
- Covers government, application, passport, and escrow fees
- Mount Cinnamon Freehold: Limited 25 whole-ownership units at US$450,000; 5-year mandatory holding in hotel rental pool
Advantages of Grenada Citizenship
- Fast processing within 4 months
- Dependent children under 26 included
- Dependent parents over 55 included
- No physical residency requirements
- No interview, education, or managerial experience required
- Visa-free travel to 100 countries, including Schengen zone and China
- E-2 treaty with the United States for business opportunities
- No tax on worldwide income
Processing Time and Steps
- Decide on your preferred investment route
- XIPHIAS Immigration consultants guide file preparation and pre-approval
- Citizenship file submission
- Government approval of principle letter
- Make the required investment
- Submit passport application
- Receive Naturalization Certificate
- Obtain second passport within 3–4 months
FAQs
Who is eligible for Grenada Citizenship by Investment? High-net-worth individuals who meet the character, health, and financial criteria, and are ready to make the qualifying investment.
What is the minimum investment required for citizenship? US$150,000 for the National Transformation Fund donation, or US$350,000 in real estate investment for a family of four.
How long does the Grenada Citizenship process take? The entire process typically takes 3 to 4 months from submission to receipt of the second passport.
Does Grenada Citizenship offer visa-free travel? Yes, citizens can travel to over 100 countries, including the Schengen zone and China, with the Grenada passport.
