The path to citizenship has many requirements, no matter the route taken, and it is no different with Grenadian citizenship via Citizenship by Investment programme.
Before we discuss Grenada citizenship requirements and the documentation you’ll need to have prepared, let’s go over the Citizenship by Investment programme itself.
Citizenship by Investment in Grenada
Several different nations offer Citizenship by Investment programmes, each setting its own requirements and costs to gain citizenship in the respective country. For Grenada, there are two avenues to secure Grenadian citizenship:
- The real estate option: making an investment in a government-approved real estate development
- One-time donation: contributing a significant donation to a government fund that is used for state-sponsored projects.
Whether you pursue citizenship via a real estate investment or donation to the Grenada fund, you’ll receive citizenship in Grenada and a Grenadian passport, which is highly coveted due to the unique benefits. The Citizenship by Investment programme, or economic citizenship, is a much faster route than traditional routes to becoming a citizen and has several fewer hurdles to contend with. The program isn’t a broad road to citizenship, there are specific steps an applicant must take and checks they must pass in order to qualify. It’s tempting to consider these programs as having only financial requirements for the investor, but there are requirements and documents needed to successfully gain Grenada citizenship.
Requirements for Citizenship through Investment
To gain Grenada citizenship, an investor must fulfill several requirements in order to successfully complete the process:
- The main applicant must be 18 years old or older.
- The main applicant must prove that they have enough funds to make the required investment, and prove the legal source of these funds.
- The main applicant and dependents do not suffer from contagious diseases and/or serious health problems.
- Not to have been convicted in any country for any criminal offense.
- Not to be the subject of a financial crime investigation.
- Not to be considered a potential national security risk.
- Not to be involved in any activity likely to cause disrepute to Granada.
Documents Needed to Obtain Grenada Citizenship
To secure citizenship in Grenada, there are several documents you must have in order to successfully complete. If any of these documents are not provided, are incomplete, or are completed incorrectly, the application will not be accepted by Grenada’s Citizenship by Investment Unit:
- Certified copy of ID Card
- Certified copy of passport
- Medical Certificate
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Original Police Clearance Certificate
- Original Bank Reference Letter (Not older than 6 months)
- Six passport-size photos
- Statement of Source of Funds
- Photograph and Signature Certificate
- Affidavit of support for Dependents
- Investment Confirmation / Escrow agreement
- Proof of payment of nonrefundable processing and due diligence fees
- Official transcripts of written confirmation from a recognized education center (dependents over 18)
*other documents may apply upon due diligence
Grenada Citizenship Benefits
The necessary documentation and steps to gain a Grenadian passport by way of the Citizenship by Investment programme demonstrate why there are costs beyond the investment itself:
- Cost of share: USD 220,000
- Government fees for the main applicant, a spouse, and 2 dependents: USD 50,000
- Due Diligence fees: USD 10,000
- Application fees: USD 6,000
- Processing fees: USD 4,000
- Share registration fees: USD 8,800
- Passport fees: USD 1,000
- Oath of Allegiance: USD 80
- Total cost: USD 299,880
The Grenada citizenship cost is well worth the advantages and benefits it brings to both the investor and their loved ones. There are several reasons why the Grenada passport is one of the most coveted out of the Caribbean CBI programmes:
- Citizenship for life for the applicant making the investment and their family, as well as future generations.
- Efficient taxation allows the investor to grow their wealth through the investment they’ve made.
- Dual citizenship is allowed
- No minimum stay is required to gain citizenship.
- Access to the E2 Visa of the USA.
We at Range Developments have extensive experience guiding our investors through Grenada’s CBI programme and have a productive and professional relationship with the government, adding greater efficiency to the process as we’re a trusted CBI partner. Our latest real estate development in Grenada, InterContinental Grenada Resort, Grenada is an excellent option to secure citizenship in Grenada. We’ve had a great success with our Six Senses La Sagesse resort and are working to repeat it with the InterContinental Grenada Resort. If you have any questions or concerns, we encourage you to speak with one of our CBI representatives by using the button below.