Citizenship by Investment
Citizenship by Investment allows families around the world the opportunity to quickly become a citizen of another country without having to drastically change their lifestyles or place their lives on hold. Like an insurance policy, a second citizenship ensures that families always have a plan B should they need to escape unsettling social, political or economic conditions in their homeland. With a second citizenship families will not only have immediate visa-free access to numerous countries, they will also have an alternative place to live, work, retire, and seek refuge if they so desire.
To become a citizen of Grenada through its Citizenship by Investment Programme, applicants must be 18 years or older, must have a clear criminal record and must not be stateless or from Iran. Applications can include a spouse, children under the age of 30, parents/grandparents of any age and unmarried, childless siblings that are 18 years or older.
Selecting a Citizenship Option
Choosing the appropriate option through which you acquire citizenship for yourself and your family is important and should always be dependent on your end goal. Ultimately, both popular options offered by Grenada’s Citizenship by Investment Programme, provide the same rights and privileges held by natural-born Grenadians.
Below, clear distinctions are made between the NTF and real estate option, and even between the different types of real estate options.
| National Transformation Fund | Approved Real Estate | |
|---|---|---|
| Cost | $150,000 and up | $220,000 and up |
| Process time | 4-5 months | 4-5 months |
| Ability to add dependants | Yes | Yes |
| Ability to add siblings | Yes | Yes |
| Lifetime citizenship | Yes | Yes |
| Residency requirement | No | No |
| Tax ID with purchase | No | Yes: full or fractional freehold property |
| Residence Address | No | Yes: if purchase is of an actual unit |
| Generates an annual return | No | Yes |
| Recoverable | No | Yes: through a resale after five years |
Cost and fees
Citizenship costs for Grenada’s Citizenship by Investment Programme differ based on the option selected and the amount and age of the dependants included on an application. In addition to the charges issued by the programme, applicants can expect to pay bank charges, as well as marketing agent and local agent fees.
| NTF | INDIVIDUAL | FAMILY |
|---|---|---|
| Contribution | $150,000 | $200,000 |
| Due diligence | $5,000 | $5,000 – each person 17 years and older |
| Application fee | $1,500 | $1,500 |
| Processing fee | $1,500 | $1,500 – each person 18 years and older $500 – each person under age 18 |
| Children | N/A | $25,000 each |
| Parent/Grandparent over age 55 | N/A | $25,000 each |
| Parent/Grandparent 55 and under | N/A | $50,000 each |
| Sibling | N/A | $75,000 each |
| Passport fee | $250 | $250 each |
| Approved Real Estate | INDIVIDUAL | FAMILY |
|---|---|---|
| Investment | $220,000 | $220,000 |
| Government Fee | $50,000 | $50,000 |
| Due diligence | $50,000 | $5,000 – each person 17 years and older |
| Application fee | $1,500 | $1,500 |
| Processing fee | $1,500 | $1,500 – each person 18 years and older $500 – each person under age 18 |
| Children | N/A | $25,000 each |
| Parent/Grandparent over age 55 | N/A | $25,000 each |
| Parent/Grandparent 55 and under | N/A | $50,000 each |
| Sibling | N/A | $75,000 each |
| Passport fee | $250 | $250 each |
Application Process
Becoming a citizen of Grenada through its Citizenship by Investment Programme is a quick process that lasts between four and five months. During this time, applicants are free to continue living their lives uninterrupted.
The application process for Grenada citizenship includes eight essential steps, which applicants must follow to ensure the successful completion of their applications.