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COUNTRY PROFILE
• Capital: Saint George’s
• Population: 126,000
• Area: 344 sq km (133 sq miles)
• Major language: English (official), French patois
• Major religion: Christianity
• Life expectancy: 74 (men) 78 (women)
• Currency: East Caribbean Dollar (EC$ or XCD)
• Exchange Rate (as of Nov 2023): 1 USD = 2.70 XCD

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Grenada’s Citizenship by Investment Program was established in August 2013, following the approval of Act No. 15 of 2013 by the Grenadian Parliament, commonly known as the ‘Grenada Citizenship by Investment Act, 2013.’ The Grenada Citizenship by Investment program provides investors and their family members with a second passport that allows visa-free travel to over 140 countries.

E-2 treaty ‘Investor Visa’, signed between Grenada and the United States, allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.

 

Type of Program Citizenship by Investment
Types of Investment 1. National Transformation Fund (NTF)
2. Real Estate Investment  
Minimum Investment

1. National Transformation Fund (NTF)

Main Applicant: $150,000

Family of 4: $200,000

Additional Dependents (children): $25,000
Additional Dependents (parents < 55 ) : $50,000

Additional Dependents (siblings): $75,000


2. Real Estate Investment:
$220,000 in Government approved project, to be held for 5 years.

Government Fees:

1. Family of 4: $50,000
2. Additional Dependents (children): $25,000
3. Additional Dependents (parents < 55 ) : $50,000
4. Additional Dependents (siblings) : $75,000


Title Deed Registration: 4%

Notes:
I) Maximum age of children is 30 years and parents’ is 55+ years. Parents under the age of 55, and unmarried siblings of any age (without proof of dependency) can be included.

II) Post-approval addition of spouse: If the marriage existed at the time of main applicant’s citizenship application, spouse cannot be added later.

III) Post-approval addition of any kind of dependents: As per Grenada citizenship laws.

Dual Nationality Permitted Yes
Personal Visit Required No
Minimum Stay No
Capital Gains Taxes 0%
Personal Income Tax (Non-resident) 0%
Corporate Tax 30%
Property Taxes 0%
Processing Time 5 – 9 months
Passport Validity 5 years
Restricted Countries Belarus, Iran, Russia
Visa Free Travel 147 countries

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