Grenada Citizenship program was started in 2013. In order to qualify for a citizenship, applicant has an option to invest either into real estate or into a designated Government fund. As of 2020, Grenadian passport offers hassle-free access to circa 131 countries of the world and majority of them are visa-free (i.e. visa on arrival also not needed). The best part about the program is that an applicant need not maintain his stay or physical presence in Grenada to sustain his passport.
Freedom & hassle-free access
Investment options start
Q1. What are the countries I can easily access after obtaining Grenada passport?
Q2. What are the investment options available?
There are two investment options. The content given below is for preliminary reference only and may not be updated:
Option 1 - National Development Fund The National Transformation Fund was established by the Government to promote economy.
Option 2 – Real Estate Project must be pre-approved. Any investment under this option is subject to a lock-in period of 5 years.
Q3. Will I have to mandatorily stay in Grenada after obtaining the Passport?
Grenada does not mandate any stay period. Hence there is no requirement to persistently maintain physical presence in order to sustain Grenadian citizenship.
Q4. Will I qualify for E2 program of United States of America by obtaining Grenadian citizenship?
Absolutely yes. However, that should not be your sole motive and is certainly not a healthy way to approach. Feel free to get consultation from any of our offices for finer insights on this issue.
Q5. Can my children and parents be covered as a part of my application?
Each of your dependent children under the age of 30 years can be covered under the same application. Additionally, applicant’s parents, being 55 years or older, can also be covered in the same petition. Your entire family thus can be covered.
Q6. How do I decide whether to go for donation option or real estate investment?
This depends on various factors, for example, are you motivated to take Grenadian citizenship merely for the sake of accessing E2 (USA); are you a salaried person or a business owner; are you willing to move to Grenada ever in future; are you having liquid funds in general. Feel free to contact any of our offices for a one-to-one consultation on the captioned subject.
Q7. How to find out viability of real estate investment?
At the outset, one must understand that there are two main types of real estate investment which are prevalent under the Grenadian citizenship by investment scheme. The first one requires a minimum investment of US$ 350,000, and the second one requires a lesser investment of US$ 220,000; in the former, applicant ends up owning the “piece in entirety” whereas in the latter, applicant will be owning a “share” in the property. The pros and cons of co-ownership vs sole ownership must be understood before you zero down on any investment. Hire a professional who can walk you through the pros & cons of both these options.