Spice Isle of the Caribbean
Grenada, also known as “The Authentic Caribbean” and the ‘Spice Isle’, is one of the most beautiful and lush islands in the West Indies. Unspoilt and exotic, Grenada’s dramatic scenery, tropical rain forests, mountains, waterfalls and golden beaches will appeal to visitors from around the world. Learn more about the country to see what makes Grenada’s citizenship by investment program an irresistible option for anyone.
History. Grenada was traditionally inhabited by Carib Indians who migrated from the South America mainland. The island was originally known as Camerhougue but Columbus renamed it Concepcion Island when he visited in 1498. Successive Spanish sailors found it to be so evocative of Andalucia with its lush green mountain scenery that they called it Granada which is the origination of its name today.
Demographics. With a very high literacy rate, the population is highly educated; St. George’s University, with 6,000 students from over 140 countries offers faculties of Medicine and Veterinary Science, has been established for thirty-five years. In addition a full medical teaching hospital is planned in the near future.
Culture & Climate. Known today more as a tourist destination and still the “authentic Caribbean” historically Grenada was known as a gentle island supported by growing spices, particularly nutmeg and cinnamon. Today it still has a very active agricultural and fishing economy.
Economy. Grenada’s economic outlook is generally very good, with expansion occurring in tourism, agriculture and manufacturing. The Government is about to commence an oil and gas program in its territorial waters between Venezuela and Trinidad. Part of the Eastern Caribbean Bank and currency system, its currency is stable, secure and tied directly to the US$.
Grenada’s Citizenship by Investment Program was launched in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013.
The mission of the Grenada citizenship program is to strengthen the country by creating economic growth through inward investment. This leads to the creation of sustainable new employment opportunities for Grenadians, training of the workforce and the broadening of skills. At the same time, a strict invitation and vetting process preserves the prestige, honor and value of Grenadian citizenship.
Presently, there are two options available to qualify for Citizenship by Investment: either through a contribution to the National Transformation Fund (N.T. F.) or by acquiring government-approved real estate.
Dual and lifetime citizenship for you and eligible family members
Tax advantages - No capital gain or estate taxes; income generated outside the country is not taxed
Confidentiality – Information on persons who acquire citizenship is kept completely confidential and is not reported to your present country of citizenship
No Residency – There is no requirement to reside in the country before or after citizenship is granted
U.S. E2 Visa - Access to the E2 Visa treaty with the United States, the only Caribbean country with a CBI program to have same
Visa-free Travel - With little or no residency requirement, a qualified investor and family members can benefit from numerous privileges including visa-free travel to more than 130 countries.
The application process is confidential and a visit to the island can be done once citizenship is granted.
The forms must be completed and submitted in English and via an Authorized Local Agent. Citizens International’s legal and accounting professionals will guide you through the application process with great care and attention to detail in order to streamline your processing time.
There is no requirement to travel to Grenada as part of the application process, however we encourage individuals to visit Grenada.
Our team will guide you through the application process. The information required includes:
- Disclosure Form
- Verification form
- Two (2) completed and notarized copies of Application Form 12 for each applicant
- One (1) professional reference
- Letter of Employment/ Financial Statements
- Recommendation from applicant’s Bankers
- Two (2) Personal references
- Police Record, with fingerprints, from country of birth and country of residence (if different) for each applicant sixteen (16) years and over. For children twelve to fifteen (12-15), sworn affidavit by parent that child does not have criminal record
- Eight (8) passport size photos for each applicant
- Marriage Certificate/Dissolution of Marriage if required
- Birth Certificate
- Medical Certificate
- Letter of recommendation from the head of the school/university for children between 12 and 18 years old
- Proof of payment of relevant fees.
- Affidavit of Source of Funds.
- Detailed Business Background Reports/Resume
- Notarized copies of University/College diplomas
Approved Real Estate
national transformation fund
The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent.
The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy. Having made a donation to the NTF, investors are left with a true sense of having contributed to their new nation’s wellbeing.
In order to qualify for the Citizenship by Investment Programme, the investor makes a designated, non-refundable, per-person NTF charitable donation.
The US $200,000 contribution to the NTF covers the citizenship application of family of four, plus the extra US $25,000 must be paid for the each additional individual in the application after fourth.