Grenada

This island country consists of Grenada itself and six smaller islands at the southern end of the Grenadines in the southeastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines. Also known as the “Island of Spice” due to it being the world’s largest producer and exporter of nutmeg and mace crops.

In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which together with strong performances in construction and manufacturing, have also contributed to growth in national output.

About Grenada’s Citizenship Program

As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing. Through the implementation of the program, the government also hopes to create investment opportunities that will bring about sustainable employment.

The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada’s pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel. The country also recognizes dual citizenship, allowing investors to still benefit from their current passports. The Grenadian Citizenship by Investment Program offers the following prime benefits:

  • Fast processing within four months.
  • Inclusion of dependent children under 25.
  • Inclusion of dependent parents over 65.
  • No physical residency requirements.
  • No requirement to travel to Grenada during the application process.
  • No interview, education or management experience required.
  • Visa-free travel to over 100 countries, including Europe’s Schengen zone.
  • E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.
  • No tax on worldwide income.
Am I Eligible?

To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:

  • Be of outstanding character.
  • Hold no criminal record.
  • Have excellent health.
  • Have a high personal net worth.
Investment Options

Real Estate Investment

With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is investment in a pre approved real estate project.

Mount Cinnamon

The Mount Cinnamon development is situated on a lush hillside on almost two miles of the Grand Anse beach, which is recognized by many as one of the most beautiful beaches in the world. The resort-hotel, looking towards the historic capital St. George’s, sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway.

Applicants must invest a minimum of US$350,000, which must be maintained for a minimum of four years. The minimum amount includes the main applicant, main applicant’s spouse and two qualifying dependents. An extra US$25,000 is required for each additional dependent.

The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.

National Transformation Fund Donation

Applicants may donate a minimum of US$200,000 to Grenada’s National Transformation Fund. The minimum amount includes the main applicant, main applicant’s spouse and two qualifying dependents. An extra donation of US$25,000 is required for each additional dependent.

Facts
  • The island is easily accessible via an International airport with direct flights to Toronto, Miami, New York and London.
  • The capital of Grenada is St Georges.
  • The island is home to an international cricket stadium for the West Indies nation team.
  • The island is known as the Spice Isle due its famous locally grown spices and culture of music.
  • Grenada is situated on the southern extreme of the hurricane belt and thus escapes majority of the seasonal depressions within the Caribbean allowing Grenada to enjoy a pleasant climate all year round.
  • The 3km Grand Anse Beach in St George is considered to be one of the best beaches in the world.
  • Queen Elizabeth II is the head of state and the head of government is Prime Minister Keith Mitchell.
  • The official currency of Grenada is Eastern Caribbean dollars.
  • English is the official language on the island.
  • The island has a population of 110,000.
  • It is one of the smallest countries in the Caribbean region with a population of 110,000.
  • Grenada is a sovereign Caribbean state consisting of 3 islands: Grenada, Carriacou and Petite Martinique