CITIZENSHIP BY INVESTMENT

Grenada

Step into the realm of Grenada’s Citizenship by Investment (CBI) program, where azure waters, spice-laden breezes, and a warm, welcoming atmosphere converge with exceptional investment opportunities. Renowned for its commitment to economic growth and global collaboration, Grenada invites investors to partake in a journey towards dual citizenship in the heart of the Caribbean. A Citizen of Grenada upon making a further investment (from USD100,000) in the US, can invest and reside in the US.

+155

Countries

USD 235,000

A minimum amount of USD 200,000 is required as of 30 June 2024

3-4

Months from submission of the application

Grenada, known as the “Spice Isle,” is a picturesque Caribbean nation famous for its lush landscapes, vibrant culture, and pristine beaches. The Grenada Citizenship by Investment (CBI) Program offers a streamlined path to citizenship through investment in either the National Transformation Fund or designated real estate projects. Benefits include visa-free travel to over 155 countries, tax advantages, and the ability to live and work in this tropical paradise.

Additionally, Grenada has an E-2 Visa Treaty with the United States, allowing citizens to apply for a non-immigrant visa to reside and work in the U.S.

Benefits of Grenada Citizenship by Investment Program

Who can qualify for the program?

Investor
Spouse
Children and Stepchildren Under 30
Parents, Grandparents, Parents in Law, and Grandparents in Law
Siblings, Brothers in Law, and Sisters in Law

Requirements of Dominca citizenship by investment

OPTION 1: INVEST IN THE NATIONAL TRANSFORMATION FUND (NTF)

NTF Contribution:

The first Citizenship by Investment option involves a non-refundable contribution to the National Transformation Fund (NTF).

  • USD 235,000 for a single applicant or a family of up to four (main applicant, spouse, and two dependents)

  • USD 25,000 for each additional dependent

  • All applicants must pay the following fees:

    • Application fee: USD 1,500 per person

    • Due diligence: USD 5,000 per person (aged 17 and above)

    • Processing fee: USD 1,500 per person over 18, USD 500 per person under 18

OPTION 2: INVEST IN APPROVED REAL ESTATE PROJECTS

This option allows applicants to invest in government-approved real estate with one of the following:

  • USD 270,000 for a shared ownership in an approved project (per investor, minimum total project value USD 440,000)

  • USD 350,000 for a full direct investment

The investment must be held for at least five years before resale is allowed.

Additional Fees:

  • Government contribution: USD 50,000 for a family of up to four; USD 25,000 for each additional dependent

  • Application fee: USD 1,500 per person

  • Due diligence: USD 5,000 per person aged 17 and above

  • Processing fee: USD 1,500 per person over 18, USD 500 per person under 18

OTHER REQUIREMENTS AND BENEFITS:

  • Grenadian passports must be renewed every five years for minors, and every ten years for adults.

  • Grenadian citizens can access visa-free travel to China, and are eligible to apply for a U.S. E-2 Investor Visa after maintaining legal residence in Grenada for three years.

PROCESSING TIME

Phase 1: Client Onboarding
Signing with BLS Global sponsors and Partners:
The process begins with filing the client’s form, which enables our sponsors and partners to carry out the initial due diligence. Subsequently, following the successful screening, we provide you with a formal agreement.

Once the signed agreement and retainer payment are received, government approved agents and legal team prepares and completes all necessary government forms and supporting documents. For those opting for a property investment, this stage involves executing a sales and purchase agreement with the developer.

Phase 2: Application Review and Submission
Before submission, the application undergoes a thorough review to ensure it meets all CBIC requirements. Once this review is complete, The appointed legal team performs final checks before submitting the relevant forms. The CBIC then conducts its own due diligence and reviews all the paperwork. Throughout this stage, our sponsors and partners l maintains close communication with the CBIC to ensure the application is processed efficiently and in a timely manner.

Phase 3: Citizenship Issuance
The CBIC assesses the application, and upon approval, the applicant must make all necessary contributions and pay any applicable government fees. Following these steps, the applicant becomes eligible for a Grenada passport, eliminating the need for a visa for Grenada passport visa-free countries. Our sponsors and partners deliver the citizenship by investment application pack, which includes all relevant documentation and detailed instructions. Once returned, the application is double-checked for completeness and accuracy to minimize the possibility of rejection. The government typically provides a decision within 90 days of submission, and passports for successful applicants are issued within 10 working days. Applicants are not required to pick up their passports in person, as BLS Global coordinates the collection process and sends the passport(s) to the client.
For those opting for the real estate investment option, the timeframe may vary depending on the project. It is crucial to select a real estate project that can promptly provide the necessary paperwork from the developer, with guidance provided by BLS Global.

Note: The timeframe for the real estate option may vary based on the project, highlighting the importance of selecting a project that can provide the necessary paperwork for the citizenship application.

IMPORTANT UPDATE: Previous Investment Thresholds for Caribbean Citizenship Increased in June 2024.
The minimum investment threshold was raised to USD 200,000 by June 30, 2024, allowing for a limited window of opportunity to apply under the previous, lower investment requirements.

Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.

FAQs