In 2013, the Government of Grenada created a Citizenship by Investment Program to attract investors of good character.  These investors would make a substantial contribution to Grenada, thereby improving the country’s economy, and creating or continuing employment opportunities for Grenada citizens.

The Citizenship by Investment Program allows applicants to invest in real estate, other projects, or the National Development Fund, and become citizens of Grenada with no residency requirement.  Citizenship is granted in 2-3 months, and passports may be quickly obtained thereafter.

Why choose Grenada?

Grenada recognizes dual citizenship, meaning investors can still benefit from their current passports. The Grenadian citizenship by Program offers the following prime benefits:

- Fast processing within four months.
- Inclusion of dependent children under 30."
- Inclusion of dependent parents over 65.
- No physical residency requirements.
- No requirement to travel to Grenada during the application process.
- No interview, education, or management experience required.
- Visa-free travel to over 125 countries, including Europe’s Schengen zone.
- E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.
- No tax on worldwide income.

Qualification

The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada’s pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel.

In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise in the offshore financial industry, which together with strong performances in construction and manufacturing, has also contributed to growth in national output.

As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the program, the government also hopes to create investment opportunities that will bring about sustainable employment.

To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:

Qualifications

To qualify under the Citizenship by Investment Program, the following criteria must be met:

- The principal applicant must be at least 18 years old.
- Applicants must invest a minimum USD $350,000 in a Government-approved real estate project in Grenada (held for at least 5 years); OR applicants must transfer USD $150,000 to the Government’s National Transformation Fund.
- To qualify as dependents, children must be unmarried, under age 30, and living with (and fully supported by) the applicant.
- Parents or grandparents of the principal applicant or spouse may qualify as dependents if they are over age 55, live with the principal applicant, and can
- prove financial dependency on the principal applicant.
- Applicants must not have been refused a visa to the UK (or any country on the visa-free travel list).
- Applicants must pass a Due Diligence examination, and have no criminal record.
- Applicants must complete a medical examination.
- Applications are submitted via our partners, a Government-licensed marketing agent.
- Be of outstanding character.
- Hold no criminal record.
- Have excellent health.
- Have a high personal net worth.

Investment Options

1- Real Estate Investment

With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is an investment in a pre-approved real estate project.

Mount Cinnamon

The Mount Cinnamon Resort is situated on a lush hillside on almost two miles of the Granada beach, which is recognized by many as one of the most beautiful beaches in the world. Looking towards the historic capital of St. George’s, the resort sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway. An award-winning destination, Mount Cinnamon is the most successful development under Grenada’s Citizenship by Investment Program, having attracted more than 80 percent of all investment applications. Comprising 22 gorgeous, privately owned villas on 23 acres of freehold land, Mount Cinnamon is currently adding 250 new residences as well as new luxury facilities thanks to the CBI Program. Investors may sojourn at the resort for a period of 10 days per calendar year.

Applicants must invest a minimum of US $350,000, which must be maintained for a minimum of four years. This reduced investment amount means our valued investors take on less risk. The minimum amount includes the main applicant, main applicant’s spouse, and two qualifying dependents. An extra US$25,000 is required for each additional dependent.

The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.

2- National Transformation Fund Donation

Applicants may donate a minimum of US $150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up to four people, the requirement is set at the US $200,000. An extra donation of US $25,000 is required for each additional dependent.

For more information on the Government of Grenada, please contact us.