Launched in August 2013, the Grenada Citizenship by Investment program is one of the newer Caribbean programs. The mission of the Citizenship by Investment program is to strengthen the country by creating economic growth through foreign investments.
As an applicant, you must be at least 18 years of age, of good character and without a criminal record. Additionally, you are required to make a non-refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects. 33rd most powerful passport in the world, giving visa-free or visa-on arrival access to 143 countries.
Grenada is among several Caribbean countries that provide citizenship to foreign nationals under the CBI programme in exchange for contributing to the socio-economic development of the country. The Grenada passport allows visa free travel to more than 135 countries around the world. Including the EU, UK, Schengen, Hong Kong, Singapore and Malaysia. It is also the only passports that gives visa-free travel to Russia and China. In addition to this, Grenada citizens are also eligible for the E-2 investor visa to the USA.
There are two options to qualify for Grenadian passport in few months:
1. Monetary contribution to NTF
- This is a cash donation or contribution to the National Transformation Fund (NTF), a government escrow account for the island. For a single applicant, the required donation is US$150,000; for a family of 4 the required donation is US$200,000. Additional dependents can also be included (Children below the age of 30 and parents above 55).
2. Real Estate Investment
- This includes a minimum of US$220,000 investment in Government approved real estate (only applicable in cases where applicants co-invest in a unit, for a total of $440,000).
There are some compulsory background checks, payable to the Government preferred due diligence agency to screen applicants.
Additional Government fees will apply.