The English-speaking nation of Grenada launched its Citizenship by Investment Programme in August 2013 when the Grenadian Parliament passed Act No 15 of 2013, enabling persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.
There are currently two programmes available to qualify for Citizenship by Investment: either through a contribution/donation to the National Transformation Fund (NTF) or by acquiring government approved real estate. Both programmes offer lifetime citizenships which can also be passed on to descendants.
Grenada’s citizenship by investment programmes are considered to be the most family friendly out of all the other Caribbean citizenship by investment programmes as it does not charge exorbitant processing and due diligence fees for spouses and family members, and also allows the possibility for a newborn child to obtain citizenship for a very low cost.
Grenada is also an attractive option for international businessmen looking for security and travel options for their families, offering visa-free travel to more than 135 countries. It also offers a speedy application process, as quick as 60 days for approval and issue of passport, and has no visitation requirement for applicants to qualify for citizenship.
The real estate option of Grenada requires a minimum of US$350.000 investment into a government approved real estate and the donation option requires a contribution in the amount of US$200.000 for a family of four, into the national fund.
To find out more about Grenada’s citizenship by Investment Program and for a complimentary consultation please contact Ms Daria Ostapengo at
dostapengo@oneworldweb.net.