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Grenada

Grenada Citizenship By Investment Program

The Citizenship by Investment Committee (CBIC) was established by the Honourable Prime Minister of Grenada and is the Government authority responsible for processing all applications for Citizenship by Investment by applicants and their family.

Grenada is an island country, consisting of 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.

Grenada, known as the "Spice Isle", an exporter of cinnamon, cloves, ginger, coco, nutmeg, and fruit, is one of the most beautiful and lush islands in the West Indies. Unspoilt and exotic, Grenada’s dramatic scenery, tropical rain forests, waterfalls and golden beaches appeals to visitors from around the world.

Grenada is a member of the United Nations, the British Commonwealth, CARICOM, and the Organization of American States (OAS), among many other international organizations. Holders of the Grenada passport enjoy visa-free travel to approximately 118 countries, including the United Kingdom, the countries of the Schengen area, China, Hong Kong, Singapore and most of South America. Grenada further enjoys an E-2 investor treaty with the United States, allowing for application of E-2 visas for qualified citizens.


Grenada Citizenship – Benefits

  • No visit required to Grenada
  • Citizenship Certificate and Passport issued normally 60 business days after application
  • Investment funds and all fees made securely into escrow and released upon grant of citizenship
  • Visa-free travel to over 118 countries including the UK, Schengen states, Hong Kong, Singapore, and China
  • Possibility to obtain E-2 investor visa or 10-year multiple entry visa to the United States
  • No educational or language requirement
  • Lifetime citizenship
  • Dual citizenship allowed
  • Citizenship for dependent family members such as spouse, children up to 25 years old, and parents
  • Beautiful island to reside and vacation in
  • Growing economic market
  • Generous tax regime, no taxation on wealth, inheritance, foreign income or capital gains


Life in Grenada

Location
Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of St. Vincent and the Grenadines. Located 12 degrees north of the equator, Grenada lies at the southernmost tip of the Windward Islands just outside the hurricane belt in the southeastern Caribbean Sea.

People
The island’s population is 100,000. Roman Catholics account for 53% of the population, with a further 33.2% Protestants and 13.8% Anglicans.

Language
English is the official language and is predominant. French, Spanish and Italian can be heard from time to time.

Climate
The climate in Grenada is tropical with average temperatures of around 28 °C (82.4 °F) year-round. It is a sunny island, enjoyable all months of the year, and with cooler breezy locations in the mountains.

Capital
The capital of Grenada is St. George.

Time
The island has a time difference of 5 hours behind GMT, 1 hour ahead of Washington, DC, during standard time.

Economy
Grenada has a largely tourism-based, small, open economy. Over the past two decades, the economy has shifted from one of agriculture-dominant into that of services-dominant, with tourism serving as the leading foreign currency earning sector. The country's principal export crops are the spices nutmeg and mace (Grenada is the world’s second largest producer of nutmeg after Indonesia). Other crops for export include cocoa, citrus fruits, bananas, cloves, and cinnamon. Manufacturing industries in Grenada operate mostly on a small scale, including production of beverages and other foodstuffs, textiles, and the assembly of electronic components for export. The currency is the Eastern Caribbean dollar, which is pegged to the US dollar.

How to get there?
Grenada is just 3 hours from Miami, 4 hours from New York and Toronto, and 8 hours from London, all by direct air service. Port of Spain (Trinidad) is just 20 minutes flight away, Barbados just 40 minutes and South America (Venezuela) 45 minutes. The modern airport accommodates international flights including:

  • British Airways and Virgin Atlantic from London
  • American Airlines from Miami, Delta from Atlanta, Jet Blue flies from JFK in New York, Caribbean Airlines from Miami, and Air Canada from Toronto
  • Conviasa from Venezuela
  • LIAT and SVG provide regional, inter-island flights; SVG also handles all private jets. A VIP airport service is available upon request.

Will I be liable to any taxes in Grenada?
Under the terms of the Citizenship By Investment program, you will not be liable to any income tax, capital gains tax or inheritance tax.