CARIBBEAN

Grenada Citizenship by Investment Program

OVERVIEW

In 2013, the Government of Grenada created the Citizenship by Investment Program to attract investors of good character. These investors would make a substantial contribution to Grenada, thereby improving the country’s economy, and creating or continuing employment opportunities for Grenada citizens.

The Citizenship by Investment Program allows applicants to invest in real estate, other approved project, or the National Transformation Fund, and become citizens of Grenada with no residency requirement. Citizenship is granted in approx. 4-6 months.

BENEFITS

This program offers many benefits to investors, such as:

• Fast Government processing.
• Citizenship in a British Commonwealth country.
• Grenada recognizes dual citizenship, and does not require applicants to renounce their current citizenship.
• Grenada passport-holders enjoy visa-free travel to many countries worldwide.
• Access to the USA E-2 visa program.
• Allow children, parents, grandparents, siblings to be accompanied if qualified.
• Having a second citizenship may allow children to avoid military service in their home country.
• No residency requirement.
• Off-shore bank accounts, investments, and companies give unique opportunities for business and tax planning.
• No management experience requirement, no education requirement, no interview, and no language requirement.

QUALIFICATIONS

To qualify for the program, investors must meet the following criteria:

• The principal applicant must be at least 18 years old.
• Applicants must invest in a Government-approved real estate project in Grenada (held for at least 3 years) or the Government’s National Transformation Fund.
• To qualify as dependents, children must be unmarried, under age 30, and living with (and fully supported by) the applicant. A physically or mentally challenged child over age 30 may also qualify.
• Parents or grandparents of the principal applicant or spouse may qualify as dependents if they live with the principal applicant, and can prove financial/full dependence on the principal applicant.
• Siblings of the principal applicant and spouse may qualify as dependents if they are over age 18, unmarried, and have no children.
• Applicants must not have been refused a visa to the UK (or any country on the visa-free travel list).
• Applicants must pass a Due Diligence examination, and have no criminal record.
• Applicants must complete a medical examination.
• Applications are submitted via PDI’s lawyer, a Government-licensed agent.

PROCESS

Application Process

• The Applicant submits the complete Grenada Citizenship application (including medical reports, supporting documents, and signed forms) to PDI.
• PDI reviews the application for accuracy and completeness to ensure fast Government processing.
• The applicant transfers the complete Investment amount and fees to the designated account
• After reviewing the application, the Lawyer submits it to the Government of Grenada.
• The Government reviews each application and conducts a Due Diligence check. Upon completion, the Government notifies the Lawyer of its decision on the application.
• Upon approval, the client must swear an Oath of Allegiance. It may be sworn in Grenada, or if the client visits an Embassy, High Commission, or Consular Office of Grenada abroad.
• Each approved applicant is issued a Registration as a Citizen of Grenada, which completes
  his/her citizenship process.

• Following citizenship issuance, a passport application is submitted to the Immigration Department. If the client has sworn the Oath in Grenada, he may remain there to collect the passports. Alternatively, the passports may be couriered to the applicant.

ABOUT

Grenada, known as the ‘Isle of Spice,’ is one of the most magnificent islands in the West Indies. Unspoilt and exotic, it astounds visitors with its wildly jagged mountain peaks, hidden coves, spice plantations, and lush verdant rainforests. Its beaches are idyllic, with white or golden sand, palm trees, and the delicate aroma of the island’s native spices.

In addition to its scenery, Grenada offers culture, fun, and friendliness typical of the authentic Caribbean life – making Grenada the perfect place in which to live, work and play.

Geography and Climate

The nation of Grenada, measuring 344 km2, is composed of three key islands: Grenada and its sister islands Carriacou and Petite Martinique. Each is beautiful and rich in culture, historic sites, fresh culinary delights, and much more.

Grenada’s proximity to the Equator ensures a year-round tropical climate, with average temperatures ranging between 23 and 28 °C. Its cooling trade winds offer very comfortable conditions.

Economy

In the last twenty years, Grenada’s economy has shifted from agriculture to the provision of services. Its largest exports include nutmeg, of which Grenada is the world’s second-largest producer, cocoa beans, fish, and wheat flours. Core export destinations include the United States, Switzerland, Germany, the Netherlands, and Canada. Other spices produced for export include mace, cloves, and cinnamon. Exported fruits and vegetables include bananas and citrus fruits.

Grenada’s tourism sector is greatly expanding, with the island continuing to take more and more shares of the market for Caribbean tourism. Much of this expansion is due to foreign direct investment, as foreign businesspersons choose to invest in Grenada’s growing popularity with visitors and leisure travellers. The nation relies heavily on tourism to earn foreign currency.

Visa Free Travel Note: Visas for Canada and the United States may be easily obtained upon application.

Visa-free travel list:

• Antigua & Barbuda
• Argentina
• Armenia
• Aruba
• Austria
• Bahamas
• Bangladesh
• Barbados
• Belgium
• Belize
• Bermuda
• Bolivia
• Botswana
• Brazil
• British Virgin Islands
• Bulgaria
• Cambodia
• Cape Verde Islands
• Cayman Islands
• Central African Republic
• Chile
• China
• Colombia
• Cook Islands
• Costa Rica
• Croatia
• Cuba
• Cyprus
• Czech Republic
• Denmark
• Dominica
• Dominican Republic
• Ecuador
• Egypt
• Estonia
• Falkland Islands
• Fiji
• Finland
• France
• Germany
• Gibraltar
• Greece
• Guadeloupe
• Guernsey
• Haiti
• Hong Kong
• Hungary
• Iran
• Ireland
• Isle of Man
• Israel
• Italy
• Jamaica
• Jersey
• Jordan
• Kenya
• Kiribati
• Kosovo
• Laos
• Latvia
• Lithuania
• Luxembourg
• Macau
• Madagascar
• Malawi
• Malaysia
• Maldives
• Malta
• Martinique
• Mauritis
• Micronesia
• Mongolia
• Montserrat
• Mozambique
• Nepal
• Netherlands
• Netherlands Antilles
• Nicaragua
• Niue
• Palau
• Panama
• Peru
• Philippines
• Pitcairn Islands
• Poland
• Portugal
• Romania
• Russia
• Samoa (Western)
• Seychelles
• Singapore
• Slovakia
• Slovenia
• Solomon Islands
• South Korea
• Spain
• Sri Lanka
• St. Helena
• St. Kitts & Nevis
• St. Lucia
• St. Vincent & the Grenadines
• Suriname
• Swaziland
• Sweden
• Tanzania
• Timor-Leste
• Togo
• Trinidad & Tobago
• Turkey
• Turks & Caicos
• Tuvalu
• Uganda
• United Arab Emirates
• United Kingdom
• Vanuatu
• Venezuela
• Zambia
• Zimbabwe