Grenada Citizenship by Investment Programme

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.