The Grenada citizenship by investment program was launched in 2013 and was one of the most awaited programs by those interested in golden passports in other countries outside Europe. With a modern approach, the scheme quickly managed to attract foreign investors interested in moving here through various investment options.
| Quick Facts | |
|---|---|
| Nationalities accepted |
All |
|
Business investment option (YES/NO) |
No |
|
Real estate investment option (YES/NO) |
Yes, the minimum purchase value is USD 350,000 |
| Other investment options (if available) |
Donation in addition to the real estate purchase – value of USD 50,000 |
| Living requirement in Grenada (YES/NO) |
No |
| Residence or direct citizenship option |
Citizenship |
| Direct immigration with family members (YES/NO) |
Yes |
| Family members allowed to join the program |
– spouse, – children, – other distant relatives |
| Residence visa/citizenship processing time (approx.) |
4 – 6 months |
| Additional financial requirements for family members (YES/NO) |
Yes, starting with USD200,000 for 2 to 4 family members, plus USD 25,000 per each additional member |
| Timeframe for obtaining citizenship/residency by investment |
Direct citizenship is available |
| Dual citizenship permitted (YES/NO) |
Yes |
| Reasons to choose Grenada |
– direct access to citizenship, – no need to travel to Grenada to obtain a passport, – visa free access to a large number of countries, – access to the US investor visa |
| Personal income tax rate |
– 10% on the first 24,000 XCD, – 30% for income exceeding this amount |
| Visa free travel to other countries (approx. number of countries) | Approx. 150 countries |
Foreign citizens who are considering applying for citizenship by investment in Grenada in the near future and want to know more about this golden visa program can rely on the information provided in this article. Below, our local specialists explain how to apply for an investment visa. If you want a golden passport for Grenada, you can contact our lawyers who will offer legal assistance.
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The Grenada golden visa program – a modern passport by investment scheme for 2023
While many golden visa countries have a long history when it comes to programs dedicated to investors, such as Malta which has several schemes in place, the Grenada investment visa was created in 2013, thus becoming one of the “youngest” programs on the market.
With only two options available for those seeking to move to citizenship by investment countries with simple requirements, Grenada has quickly drawn the attention of people with financial means who can benefit from the beautiful landscapes and multiple opportunities offered here.
If you want to buy a golden visa and decide on this country, you can obtain all the necessary details about the Grenada citizenship cost from our agents. For obtaining a golden passport for Grenada you should follow a legal procedure that can be explained by our lawyers.
Options to qualify for a Grenada passport by investment
As mentioned earlier, there are two main options for those interested in the Grenada citizenship by investment program in 2023. These are:
- a minimum donation of 150,000 USD to the National Transformation Fund for people who want to relocate here alone;
- real estate purchase with a minimum value of 350,000 USD;
- to the second option an additional non-refundable contribution of 50,000 USD applies.
If you need support in applying for a Grenada investment visa, our experts here can guide you on all the requirements you need to comply with.
An interesting fact about this golden visa program is that it was included in Grenada’s Citizenship Law.
We are also at your service if you cannot choose or have questions on other golden visa countries. We can help you buy a passport for Grenada, if you observe the local rules.
How to apply for citizenship by investment in Grenada in 2023
The most important part about the application for Grenada citizenship by investment is that the main applicant is not required to visit the country, thus making the process quite simple. Moreover, you can rely on our local specialists who can handle the process on their behalf.
Applications are to be filed with the Government of Grenada that has a special unit to process the files.
Moving to Grenada with family members
As presented earlier, the minimum investment as a non-refundable donation of 150,000 USD is available for a single applicant. However, the 2023 Grenada golden visa program allows the main applicant to move with one or more family members who are deemed as dependents.
From this point of view, here are the main aspects to consider by those seeking to apply for golden visa passports with their close or extended family members:
- for the main applicant and the spouse, the minimum amount to be invested is 200,000 USD;
- for the main applicant plus 3 other family members the same 200,000 USD remains in place;
- for the main applicant plus more than 4 family members, to the 200,000 USD other 25,000 USD applies for each dependent.
With respect to the real estate option, the amount remains the same no matter the number of dependents the main applicant will move to Grenada with.
To this, various processing and due diligence fees starting with 1,500 USD are required. This means that the Grenada citizenship cost will be higher. This is not unusual, as similar fees apply in other citizenship by investment countries also. Buy a passport for Grenada with the help of our experienced lawyers.
The main advantages of choosing citizenship by investment in Grenada
Grenada is a little nation bordering the Caribbean Sea. Its population was 112,523 in July 2020, and St. George’s, the capital and largest city in the nation, serves as its administrative center. The island of Grenada, Petite Martinique, Carriacou, and numerous other smaller islands make up the entire nation of Grenada. Nonetheless, the first three islands are where the majority of the population is concentrated. The advantages of moving to Grenada include safety, convenient access to major cities across the world, a stable government, a tropical environment, and beautiful surroundings.
Foreign citizens who obtain Grenada investment visas in 2023 will have plenty of benefits. Among these, access without a visa to more than 144 countries, among which China and Schengen states. Once the Grenada passport is obtained, foreign people can also set up businesses here. Moreover, there are no income, capital gains, or inheritance taxes here.
An important aspect of Grenada is its relation with the USA: Grenada passport holders can apply for the E2 visa for USA through which they can work in the United States. The E2 visa is an investor visa and comes with various advantages.
If you want to know more about citizenship by investment in Grenada, contact our agents right away. We are also at your service with detailed information on other golden visa countries that offer similar advantages.