First Express ensures a speedy citizenship process, typically requiring between four to six months.
Grenada
About Grenada
Known as the island of spice, Grenada is a stunning island that attained independence in 1974 and is a member of the British Commonwealth. Renowned for its picturesque beaches, verdant national parks, and rare natural wonders.
Grenada Island presented its Citizenship by Investment program in 2013, which was honored as the Best International Citizenship program. Investors, high-net-worth individuals, and families can complete Citizenship in four to six months without mandatory residency requirements.
Holders of a Grenadian passport enjoy visa-free or visa-upon-arrival access to over 146 prominent destinations, including the UK, China, Hong Kong, and Europe's Schengen Area.
Grenadian Citizenship can be qualified for through a non-refundable contribution to the Government Fund or an approved real estate investment.
Facts About Grenada
Time Zone
UTC -4
Location
Eastern Caribbean Sea
Capital
Saint George’s
Total area
348.5 Km2
Population
124,610
Language
English
Grenada Citizenship By Investment Program
Whether the desire is towards a fresh new start or greater flexibility in international business endeavors, Grenada presents a great invitation to a wide array of affluent individuals with its citizenship by investment program.
Investors have the opportunity to select from various paths based on their preferences. One option involves obtaining citizenship by making a financial contribution to the government, while the other requires investing in real estate for a specified duration.
One option or the other, both directions offer exceptional benefits, granting investors one of the most potent passports that provide facilitated access to numerous regions worldwide.
Grenada Citizenship by Investment Scheme
The Citizenship by Investment program in Grenada offers two directions for investors, each providing a range of benefits.
Government Fund
Depending on the family size, Grenadian citizenship is offered through a monetary non refundable contribution to the National Transformation Fund
Contribution Amount
USD 150,000 for a single applicant
USD 200,000 principal applicant and spouse
USD 200,000, including the principal applicant, spouse, and up to two dependents
Each additional dependent requires extra fees of USD 25,000
Processing Fees
500 USD per applicant under the age of 17
1,500 USD per applicant above the age of 17
Due Diligence Fees
5,000 for the principal applicant
5,000 for the spouse
5,000 per dependent from the age of sixteen or above
Application fees :USD 1,500 per applicant below the age of seventeen
Real Estate Investment
After investing a minimum of USD 220,000 in the preferred unit from a range of government-approved real estate properties, the individual becomes eligible for Grenada citizenship, providing the investment is held for a duration of five years; this comes in addition to the following fees:
Government Fees
- USD 50,000 for an applicant and up to three dependents
- USD 25,000 per additional dependent, regardless of age
- Additional siblings above the age of 18 require extra fees of USD 75,000
Processing Fees
500 USD per applicant under the age of 17
1,500 USD per applicant above the age of 17
Due Diligence and Application Fee
USD 5,000 for the principal applicant
USD 5,000 for the spouse
USD 5,000 per dependent aged from 17 to 30
Grenada citizenship requirements
Specific yet minimal criteria need to be taken into consideration for eligibility for Grenada citizenship by investment program
The minimum age for the principal applicant is 18 years old
A criminal record that’s free of any suspicions
The applicant must make the appropriate investment.
If a real-estate investment is made, the applicant must hold such investment for five years.
Sons and daughters between the ages of 17 and 30 studying full-time and relying financially on their parents can be included in the same application, as well as unmarried brothers and sisters without any age restrictions.
Parents above the age of 55 can be added to the same application as dependents
A Passport That Is Welcomed In Over Than 115 Countries
More than 115 countries across different regions in the world welcome the Grenadian passport with a visa on arrival or without a visa; among them are:
- Belgium.
- Austria.
- China .
- Luxembourg.
- Palestine.
- South Korea.
- Russia.
- United kingdom.
115
Free Countries
Grenada Passport Application Timeline
Grenada Timeline
An initial background check is done by First Express, which is followed by collecting the required documents and payment of advisory, government, and due diligence fees
File submission to Grenadian authorities
Receiving the “Approved in Principle” from Grenada’s Citizenship by the investment unit
Depositing the required investment through the preferred scheme
Issuance of the naturalization certificate
Proceeding with the passport procedures
Grenada citizenship by investment benefits
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Effortless Procedure
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Restriction-free TravelGrenada's passport holders enjoy visa-free entry to the UK, Schengen countries, Hong Kong, and over 143 other nations. Moreover, China allows visa-free stays of up to 30 days for Grenadian passport holders.
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For LifeOnce issued, the citizenship is valid for an individual’s lifetime; it’s also inheritable to future generations through descent, ensuring the extension of benefits and privileges.
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No TaxationGrenada’s second citizenship doesn't impose any taxes on international transactions.
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Exceptional Educational NetworkAn invitation for outstanding learning experiences with the ability of enrollment to a set of esteemed British educational institutions.
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Minimum ObligationDuring or after the application process, investors aren’t restricted to remaining inside the country.
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Excellent Medical ServicesProvide your loved ones with the highest standards of healthcare across Europe