Grenada Citizenship by Investment

Who Can Be Included in the Application for Grenada CBI?

Applicants can include their spouse, dependent children, parents, grandparents, and unmarried siblings in their citizenship application. Fees and eligibility depend on family composition and the specific requirements of the citizenship by investment program.

Certain restrictions may apply to adding family members later, so it’s essential to confirm eligibility for each parent, child, or sibling early in the process. Contact us to ensure your application is complete and begin your path to Grenadian citizenship today.

Learn more in our blog post: Can my family members also obtain citizenship through the same investment?

Is Visiting Grenada Required as Part of the Process to Obtain Citizenship?

There is no visit to the island required as part of the citizenship application process.

Do I Need to Renounce My Current Citizenship in Order to Obtain Grenada Citizenship?

There is no requirement to renounce your current citizenship as part of the process as Grenada allows dual citizenship.

How Long Does the Citizenship Application Process Take?

It takes on average 3-6 months to become a citizen of Grenada. Only when you are approved do you need to make the investment contribution.

What Are Taxes Like in Grenada?

According to the Grenada Income Tax Act Cap. 149, the individual tax rate is 15% to 30%. Companies are taxed in Grenada at a flat rate of 30%. The VAT is 15% and there is property transfer tax at 5% and annual property tax of 0.2% of the market value of the property. There is also stamp tax.

To be tax resident of Grenada a person must be physically present in Grenada for over 183 days in the fiscal year.

What Documents Are Needed for Grenada Citizenship by Investment?

To apply for Grenada citizenship by investment, applicants must provide various forms and supporting documents as part of the citizenship application process. JH Marlin Law will guide you through every step, ensuring all requirements are met.

Key Documents Required:

1. Completed Application Forms

• Personal information form

   

• Employment status form

   

• Investment confirmation form

   

2. Identification Documents

• Valid passport

   

• National ID (e.g., driver’s license)

   

• Long-form birth certificate

   

3. Financial Documents

• Bank statements verifying available funds

   

• Personal and professional reference letters

   

4. Additional Requirements

• Police clearance certificate

   

• Medical examination report

What Famous People Have Obtained Economic Citizenship from Grenada?

Justin Sun, a top leading cryptocurrency investor and the founder of TRON is a citizen of Grenada. He currently serves as the Ambassador to the World Trade Organization (WTO) for Caribbean isle nation of Grenada. Grenada does not make the list of economic citizenship applicants public and therefore it is not possible to know the identities of people who did the CBI program.

Curious to know which famous people have a second passport? Read our article Famous People with a Second Passport

What Are the Due Diligence Checks for Grenada Citizenship?

The Due Diligence process entails doing stringent background checks on all applicants who apply for the citizenship program. Having a criminal record is problematic and can be grounds for citizenship denial. The Compliance department at the citizenship by investment unit reviews all applications in great detail.

What is the US E2 Visa and What Are the Benefits?

The US E-2 visa allows citizens of treaty countries, like Grenada, to live and work in the US by investing in a business as majority owners. Applicants must make a substantial investment and renew the I-94 card every two years.

Key Benefits:

• Fast processing time
• No set minimum investment
• Includes spouse and children under 21
• Pathway to the EB-5 program
• Applications accepted at any US embassy

Grenada Citizenship by Investment E-2 & EB-5: How It Works

The EB-5 program allows foreign investors to gain U.S. residency but faces long wait times. An alternative is Grenadian citizenship, which enables access to the E-2 Investor Visa for quicker entry into the U.S.

The E-2 Option

The E-2 visa is available to Grenadian passport holders, granting investors, spouses, and dependent children the ability to live, work, and study in the U.S.

Investment Options for Grenadian Citizenship:

1. National Transformation Fund Contribution:
   • USD $150,000 (single applicant) or $200,000 (family of four).
2. Real Estate Investment:
   • USD $350,000 in government-approved projects, held for three years.
3. Financial Investment:
   • A significant amount set by the Grenadian government.

E-2 Investment Requirements

The E-2 visa requires a substantial investment in a U.S. business, with the investor holding at least 50% ownership and directing operations. The business must not be “marginal.”

Investment amounts vary by venture, with startups needing more capital than franchises or consulting businesses. Processing is faster than EB-5, with approvals often within weeks. The visa is valid for five years, renewable in two-year terms, and offers Grenadians visa-free access to the U.S., making it ideal for families seeking dual citizenship.

What is the Procedure for Applying for Grenadian Citizenship by Investment?

The citizenship application process involves several key steps to ensure compliance with Grenada’s requirements. Below is a simplified guide:

Step 1: Submit electronic copies of all current passports for yourself and your family members, including dependent parents and siblings. An internal diligence background check will be conducted to verify eligibility.

Step 2: Complete initial documentation, including the citizenship application form, consent form, and engagement letter. All fees, including diligence fees and processing fees, will be shared upfront.

Step 3: Review and complete all required documents. We will organize a pre-check of your file to streamline the application process and ensure compliance with Grenada CBI requirements.

Step 4: Pay the non-refundable diligence fees and processing fees to proceed with the application.

Step 5: Submit the completed citizenship application with all original documents for review and preparation for submission.

Step 6: The full application is submitted to the Grenadian government. Processing takes 3-4 months, and no interview or physical presence is required. The decision is based on diligence checks conducted by the citizenship committee.

Step 7: Upon approval, make the non-refundable contribution (e.g., to the National Transformation Fund) or complete an investment in a government-approved real estate project. You will then receive a Certificate of Citizenship and complete a passport application form.

Step 8: Documents are prepared, and Grenadian passports are issued.

Step 9: Confirm where your passports should be delivered. The final step is access to visa-free travel to over 135 countries.

Learn More: Explore Our Blog on Why Grenada is the Ideal Choice for Citizenship

General Information About Grenada

Grenada, the “Island of Spice,” is a Caribbean country of seven islands, known as a top nutmeg exporter. Its population is just over 100,000, with English as the official language and St. George’s as its capital.

The economy depends on tourism, with the Eastern Caribbean dollar as its currency. The Grenada CBI program attracts funds to reduce national debt, offering investment options like contributions to the National Transformation Fund or government-approved real estate projects.

Grenada’s white-sand beaches, such as Grand Anse, draw high-net-worth families seeking dual citizenship and visa-free travel to 135+ countries. Safely located outside the hurricane belt, it remains a prime choice for successful applicants.

In 2021, the CBI program saw a 30% increase in applicants, granting 1,272 citizenships. By early 2022, over 391 applications had already been submitted, reflecting its global appeal.