Popularly known as the Spice Island for its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean. The sublime scenery is just one of the many reasons to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities have fortified Grenada’s status as the preferred destination of many high net worth investors.
The Grenada Citizenship by Investment Program was launched in August 2013 when the Grenadian parliament passed the Citizenship by Investment Act, 2013. Henley & Partners was formally mandated in 2016 by the Government of Grenada to revitalize, enhance, and relaunch the program globally.
The Grenadian Citizenship by Investment Programme offers the following prime benefits:
The Grenada Citizenship by Investment Programme was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada’s pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel. In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which together with strong performances in construction and manufacturing, have also contributed to growth in national output. As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing. Through the implementation of the programme, the government also hopes to create investment opportunities that will bring about sustainable employment. To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:
Real Estate Investment
With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is investment in a pre-approved real estate project.
Applicants must invest a minimum of US$220,000, which must be maintained for a minimum of four years. This reduced investment amount means our valued investors take on less risk. The minimum amount includes the main applicant, main applicant’s spouse and two qualifying dependents. An extra US$25,000 is required for each additional dependent.
Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required to be made with the post approval contribution. Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required to be made with the post approval contribution.
National Transformation Fund Donation
Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up-to four people, the requirement is set at US$200,000. An extra donation of US$25,000 is required for each additional dependent.
Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required to be made with the post approval contribution. Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required to be made with the post approval contribution.
Permanent Residency Certificates
The permanent residence status has been removed entirely from the citizenship by investment process. As a result, the government has ceased issuing PR cards and certificates. Updates for an alternative form of national ID will be communicated when received.
Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, east-southeast of Puerto Rico
St. John's
UTC-4
English
East Caribbean dollar, pegged to the US dollar
Get in touch with us to learn more about citizenship by investment and residence by investment programs, or even to learn more about us — we’re ready to answer any and all of your questions!
Registered Address
API Trio Office Tower, Office Suite 2701, Sheikh Zayed Road, Dubai, UAE
Registered Address
API Trio Office Tower, Office Suite 2701, Sheikh Zayed Road, Dubai, UAE
We provide families, individuals, and investors with the best and most expedited citizenship by investment and permanent residency programmes curated to their specific needs, all of which feature smooth and transparent processes with an emphasis on maximizing return on investment
Read Insights & Stories from Alpha Immigration
Read Insights & Stories from Alpha Immigration
Alpha Immigration is a market leader in Citizenship By Investment, Second Passports and Residency By Investment services.We provide families, individuals, and investors with the best and most expedited citizenship by investment and permanent residency programmes curated to their specific needs, all of which feature smooth and transparent processes with an emphasis on maximizing return on investment.
105, Opal Tower
Business Bay
Dubai, UAE
105, Opal Tower, Business Bay, Dubai, UAE
