Grenada Citizenship by Investment

Grenada:The Spice Isle

The Citizenship by Investment program was launched in August 2013 under the Grenada Citizenship by Investment Act. A picturesque landscape with splendid waterfronts and the aroma of local spices has made Grenada, the ‘Spice Isle’, a preferred location for investment in all Caribbean countries. Avail the limited Citizenship by Investment opportunity through CTrustGlobal a Government Authorized Marketing Agent for Grenada Citizenship by Investment Program. This pilot Citizenship Program provides a good opportunity for investors with impressive net worth.

 

Requirements and Procedures

The Grenadian citizenship under its Citizenship by Investment Program offers 2 investment modes to the applicants:

  • National Transformation Fund (NTF) donation option: A minimum contribution to the NTF of USD 200,000. This is a non- refundable payment.
  • Real estate option: Invest in property from a government authorized real estate project with minimum amount of USD 350,000. The real estate must be held for a minimum of 3 years

Additional Fees:

  • Grenada Citizenship by Investment in Real Estate requires an additional flat government fee of USD 50,000 for the main applicant with up to 3 dependents (spouse and under age children). USD 25,000 is required for any additional dependent.
  • Due diligence fees of USD 5,000 per adult and USD 2,000 for dependent children between the ages of 12 and 17 years.
  • Government processing fees of USD 500 per person under the age of 17, and USD 1,500 for the main applicant and any other adult dependents.
  • Government application fees and passport fees total is USD 1,750 for each applicant.

 

Eligibility Criteria:

To qualify for the processing of Grenadian citizenship program, each applicant is required to provide the following personal information:

  • Impeccable character
  • No criminal record
  • High personal net worth
  • Excellent health record

 

Benefits

  • Visa free to 110+ countries including the UK, EU, Schengen, China & Brazil.
  • The only Caribbean Island that offers travel to China visa free.
  • The only Caribbean Island which has E–2 Investor Visa Treaty with the US.
  • Grenada Citizenship can be passed on for generations of the main applicant without any restriction.
  • Lowest capital requirement for Grenada citizenship program compared to similar such programs.
  • No restrictions on Dual Citizenship.
  • Inclusion of dependent children under the age of 25 years.
  • Inclusion of dependent parents above the age of 65..
  • No residency requirements during or after the process.
  • Fast and efficient, processing time approximately 90 days.

 

Fee Structure

Following table entails the costs and fees structure for the Citizenship by Investment of Grenada.

NTF CONTRIBUTION (National Transformation Fund)

Fee
types
Single
applicant
Main
Applicant with a Spouse
Family of
four family members
Family
over four family members
Required Contribution Amount USD 200,000 USD 200,000 USD 200,000 USD 200,000 plus USD 25,000 per additional dependent after the third dependent
Application Fees USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person
Due Diligence Fees USD 5,000 USD 5,000 per person USD 5,000 per person aged 18 and over, USD 2,000 for each dependent between 16-17.
No due diligence fee for dependents under 16
USD 5,000 per person aged 18 and over, USD 2,000 for each dependent between 16-17.
No due diligence fee for dependents under 16
Processing Fees USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

 

REAL ESTATE OPTION

Fee
types
Single
applicant
Main
Applicant with a Spouse
Family of
four family members
Family
over four family members
Required Contribution Amount USD 350,000 USD 350,000 USD 350,000 USD 350,000
Government Fees USD 50,000 USD 50,000 USD 50,000 USD 50,000 plus USD 25,000 per additional dependant after the third dependant
Application Fees USD 1,500 USD 1,500 per
person
USD 1,500 per
person
USD 1,500 per
person
Due Diligence Fees USD 5,000 USD 5,000 per
person
USD 5,000 per person aged 18 and over, USD 2,000 for each dependant between 16-17.
No due diligence fee for dependants under 16
USD 5,000 per person aged 18 and over, USD 2,000 for each dependant between 16-17.
No due diligence fee for dependants under 16
Processing Fees USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

 

The booming tourism and finance sector in Grenada is a lucrative platform for sustained growth for the investors.

Further Information

For further information on the program and on how to apply – or to arrange a free consultation – please contact us today.