Captial – St. George’s | |
TIME ZONE – UTC -4 | |
TOTAL AREA – 344 sq. km | |
LANGUAGE – English (official), French Patois | |
CURRENCY – East Caribbean dollars (XCD), tied to USD | |
EXCHANGE RATE – 1 USD = 2.7 XCD |
Grenada has one of the most scenic coastlines in the entire Caribbean, earning it the
nickname The Spice Island” for its numerous locally cultivated spices. One of the numerous
benefits of visiting the three stunning major islands is the breathtaking landscape.
Grenada’s reputation as the chosen location for many high net worth investors has been
strengthened by diving, sailing, outstanding restaurants, gorgeous beaches, and a calendar
of unique celebrations.
Under the guidelines of the Grenada Citizenship by Investment Act, the Grenada Citizenship by Investment Program was established in 2013. With the help of Grenada’s pilot program,
e ligible investors and their families may apply for citizenship and take advantage of visa-free travel.
The government of Grenada is collaborating closely with a small number of companies involved in
manufacturing, agriculture, and tourism as part of its goal to draw in foreign direct investment. The government intends to execute the initiative in order to provide investment possibilities that will result in long-term employment
Applicants must contribute at least US$150,000 to Grenada’s National Transformation Fund. The minimal amount only applies to the primary applicant. The criterion is set at US$200,000 for a household of up to four persons. Each new dependent requires an additional gift of US$25,000.
It should be noted that if an application contains an eligible parent under the age of fifty-five, an extra
payment of USD 50,000 must be given in addition to the post-approval contribution. When an application contains an eligible sibling, an extra USD 75,000 commitment must be given in addition to the post-approval contribution.
Certificates of Permanent Residency
Permanent residency has been eliminated from the citizenship by investment procedure. As a result, the government no longer issues PR cards or certificates. Updates on an alternate form of national identification will be shared as they become available.
With its economy moving from agrarian to service-dominant, an investment in a pre-approved real estate project is one of the most viable possibilities for foreign nationals.
Applicants must invest a minimum of US$350,000 and keep it for a minimum of four years. The primary applicant, the main applicant’s spouse, and two qualified dependents are all included in the minimal amount. Each new dependant requires an additional US$25,000 payment. It should be noted that if an application contains an eligible parent under the age of fifty-five, an extra payment of USD 50,000 must be given in addition to the post-approval contribution. If an application includes a qualifying sibling, an extra donation of USD 75,000 is required with the application donation after approval.
PASSPORT | |
CLEAR CRIMINAL RECORD | |
MEDICAL CHECKUP | |
NO NEED TO VISIT THE COUNTRY | |
NO LANGUAGE TEST |