Grenada Citizenship by Investment Programme

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The Grenada Citizenship by Investment Programme was launched in August 2013 when the Grenadian parliament passed the Citizenship by Investment Act, No 15/ 2013. Citizenship in Grenada is granted to individuals and their families who make an investment towards the country.

The Grenada Citizenship by Investment Programme is the choice for those families interested in having a second passport at an affordable cost and in a short time frame.

CSB Group (est.1987) is a well-established Corporate Services Provider in Malta offering a range of Commercial and Relocation Services and an Accredited Agent with Community Malta and the Residency Malta Agency with license number AKM-CSBI-21.

Who can apply for the Grenada Citizenship by Investment?

To be able to apply for a Grenada passport, the principle applicant has to be of legal age (18), hold a clean criminal record, be of good moral conduct and able to verify their source of funds.

On the other hand, the principle applicant can add dependents to his/her application. Eligible dependents include the spouse, children aged 30 years or less, and dependent parents or siblings and grandparents of the main applicant and/or spouse. 

Eligibility Criteria: How to obtain Citizenship by Investment in Grenada

Grenada Citizenship can be obtained either through a contribution of $150,000 to the state fund or through the purchase of real estate for at least $220,000, while the real estate can be returned after a 5-year period. Applicants may choose between two investment options:

Option 1: A non-refundable contribution to Grenada

National Transformation Fund (NTF) where the main applicant must make a minimum investment of $150,000, or $200,000 for a family of up to four members.

Option 2: The purchase of real estate at a government pre-approved project for a minimum of $220,000. An additional minimum non-refundable contribution of $50,000 applies for this option.

Other Fees

The above investment does not include other fees like Due Diligence, Professional fees or any other costs. 

Real Estate Investment

The investment in Real Estate must be held for at least five years, after which applicants can choose to sell it. 

Other Requirements

Aside from these financial criteria, applicants undergo a strict due diligence process and are subject to background checks. Our Advisory team will be happy to assist you and provide you with a capital outlay for the Grenada Citizenship by Investment Programme so you can have the full associated cost for your particular application. 

Application Process: Step-By-Step Guide

  1. The applicant must first decide on which route to Citizenship they shall opt for;
  2. Sign with CSB Group as your trusted partner;
  3. Submit application to the Government Authority in charge where background checks are carried out;
  4. Be approved by the Grenada Citizenship by Investment Committee (CBIC);
  5. Decide which investment route is best;
  6. Carry out the investment;
  7.  Become a Grenada passport holder.

Documents Required

  • Application forms duly prepared by CSB for your review;
  • HIV Test Report;
  • Documents relating to source of wealth and source of funds;
  • Passport size photos;
  • Evidence of residential address;
  • Police certificates;
  • Valid travel document;
  • Valid ID Card;
  • Birth certificate;
  • Marriage certificate/ Divorce Certificate
  • Military Records (if applicable)
  • Bank reference letter;
  • Character reference letter;
  • Education certificates;

Benefits of having a Grenada Citizenship

The Grenada Citizenship by Investment Programme is the only Caribbean programme which grants its beneficiaries with an E-2 Investor Visa with the USA. This allows citizens of Grenada to apply for a non-immigrant visa when travelling to the US. Such a visa also allows one to have a business and reside in the US. 

Holders of a Grenada passport, benefit from visa-free/visa on-arrival entrance to 144 destinations, including China, Russia, Singapore, the UK, and Europe’s Schengen Area. 

Furthermore, the application for a Grenada passport can also be extended to a spouse, children under the age of 30, unmarried adult siblings, parents, and grandparents of the main applicant and the spouse. 

With that being said, citizenship is also transferable to new spouses and also to future generations. It is also beneficial to know that there are no restrictions on having dual citizenship in Grenada and successful applicants are not obliged with a minimum stay in the country.

Cost of the Grenada Citizenship

The Grenadian Citizenship Program is the best low entry route to obtaining a second passport either through a $150,000 government donation or $220,000 property investment. The Grenada passport would allow the right of free movement to Grenada, China, Russia, Singapore, the UK, and Europe’s Schengen Area, among others.

About Grenada

The country of Grenada is a charming small island in the eastern Caribbean. The capital city of St. George’s is located on the southwest coast and it is also home to the country’s main port. It is embellished with a beautiful natural harbour with pastel-coloured houses rising up

the hillsides from the waterfront. Apart from its scenic beaches and pleasant year-round climate, it is also an English-speaking Commonwealth state. 

Taxes in Grenada

Grenada, unlike many other countries, does not impose capital gains, inheritance, income, or wealth taxes on global income or assets. However, it is important to take into account certain taxation aspects.

For instance, when it comes to local income, Grenada does levy taxes. The first XCD 36,000 is not subject to this tax. The subsequent XCD 24,000 is taxed at a rate of 10%. Any amount exceeding XCD 60,000 is taxed at a higher rate of 28%.

Businesses in Grenada are also required to pay a fixed tax rate of 30%.

Hotels and villas attract a tax rate of 10%, while other types of accommodation are subjected to a 15% VAT.

Grenadian citizens are liable to pay a property transfer tax of approximately 5%. Additionally, there are annual taxes that correspond to 0.2% of the property's value.

Lastly, if the total amount exceeds XCD 300,000, there is a stamp tax of 0.7% imposed on business receipts.

How can CSB Group assist you when applying for Grenada Citizenship by Investment?

CSB Group provides top-notch services to families worldwide and is widely known for delivering discreet and confidential Citizenship and Residence advice to Private Clients, High-Net-Worth (HNW) individuals and their families in their search for global mobility. The CSB Group Advisory Team and their on-the-ground partners will assist you and your family in every step of the journey to gain Citizenship in Grenada through the Citizenship by Investment Programme and will guide you to the right Real Estate investment opportunities.

Need our assistance with the Grenada Citizenship by Investment Programme?

Key Contacts

Roger A. Strickland Jr.

Director

Contact
Malcolm Ferrante

Senior Manager - Immigration and Relocation

Contact

ABOUT GRENADA

Fact File

Full Country Name:
Grenada 

Capital City:
St. George’s

Population:
124,610 (As of 2021)

Currency:
Eastern Caribbean dollar (EC$)

Commonwealth Member:
Since 1974

Total Area SQM in KM:
344

Official Languages:
English

Climate: 
Tropical Climate - relatively warm and dry throughout the year

Life Expectancy:
72.5 years (As of 2021)

Interesting Fact:
It is sometimes referred to as the ‘Island of Spice’ thanks to the large amount of nutmeg and other spices Grenada produces

Testimonial

We chose Malta as our new permanent home and CSB Group to help us through the residency process. They went way beyond our expectations treating our application as if it were their own. Their service was nothing short of stellar from understanding our needs preparation of the required documentation, and follow-up phase during a period with the sharpest movement restrictions. Malta deserves a place on every investor’s radar, mostly because of the surprising efficiency permeating the place, efficiency which starts with CSB.

Christian G.

‘I approached CSB Group in late 2022 to open a discretionary family trust. CSB have the right set up and an experienced and friendly team who helped me act on the pressing investment decisions of the trust and with opening a bank account quite smoothly. While I took the decision to establish the trust with caution, now that it is up and running, I am pleased with the result.'

UK Expat Residing in Malta

Relocating to another country is a challenging endeavor however, the support of the team at CSB Group, made a significant difference. Their guidance throughout the process instilled a sense of security and confidence, ensuring a successful outcome. Special thanks go to Michela, who displayed professionalism, and promptness, and who treated my case as if it were her own. I will always be grateful!

Family Reunification Client

We have had the good fortune of working with Andres and his team at CSB on a variety of citizenship and residency matters for our clients. CSB has given us thoughtful and thorough advice and been an invaluable partner. Despite being many time zones and thousands of miles away, Andres and his team are incredibly responsive and willing to speak at any hour of the day. We would certainly recommend them to anyone seeking best-in-class legal advice related to global citizenship and residency issues.

An independent investment office

'I want to applaud CSB Group, and specifically Malcolm Ferrante and Michela Pace for their endless patience, relentless dedication, speedy efficiency, and personal attention when it comes to establishing my Tax Residency in Malta in record time. The whole process was managed as promised, above and beyond my expectations. Undoubtedly highly recommended!'

Tax Residency Client

Thank you for making everything run perfectly smooth for us. Your team looks after us as if we were their parents and they are everything one can wish for; accurate, fast and with a vast knowledge. We are very fond of CSB Group and we are more than content.

Retired Swiss Entrepreneur

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Need our assistance with Citizenship & Residence Planning services?

CSB Group has more than 35 years of experience and the expertise needed to help you with all your immigration service needs.

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T: +356 2557 2557

F: +356 2557 2558

E: [email protected]

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