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Grenada

Gain Citizenship Through Investment in Grenada

At Casa Aurum, we simplify your journey to Grenada citizenship through investment. As an authorised agent, we utilise our years of experience to guide you through each step of the process. Whether you’re leaning towards a donation or real estate investment, our team is here to provide the support and expertise you need. Start your application for Grenadian citizenship and passport with Casa Aurum today

Overview of Grenada Citizenship by Investment Programme

Grenada’s Citizenship by Investment programme was introduced in 2013 and offers a low-cost entry for a second citizenship and passport. Applicants from all countries are welcome but are subject to strict due diligence checks. The programme attracts many high-net-worth investors from all over the world looking to increase their family’s global mobility and obtain the security of a second citizenship in Grenada. Successful applicants will be granted Grenada citizenship, a certificate of naturalisation and a passport which will enable them to gain visa-free travel to more than 153 countries worldwide. Grenada’s Citizenship by Investment programme has helped bring substantial foreign investment to the country, funding government-sponsored projects as well as boosting the general economy and creating jobs for local people.

Grenada CBI Programme News

Get the latest news and information on the citizenship investment programme in Grenada

Grenada Passport Visa Free Benefits

Understand what investing for a passport in Grenada entails and the visa free travel it brings.

Grenada Real Estate Investment

Explore the qualifying investment opportunities for real estate leading to citizenship.

How to Obtain Grenada Citizenship through Investment

Grenada’s Citizenship by Investment programme offers two main investment options through donation and real estate. The government’s donation route requires a minimum contribution of $235,000 to Grenada’s National Transformation Fund (NTF). Alternatively, a minimum real estate investment of US$270,000 in a government-approved project is required. In addition, related government application fees and due diligence fees apply.

Grenada Citizenship by Investment Requirements

In addition to making the necessary investment or donation there are several requirements that applicants must meet for Grenada.

Grenada Citizenship by Investment Requirements

Family members can be included in the application for Grenada citizenship. The main investor can include:

  • Spouse
  • Dependent Children
  • Dependent Parents over 55 years
  • Siblings over 18 years old, must be unmarried with no children

Due Diligence Requirements

All applicants will need to be of good character and undergo the Grenada government’s due diligence formalities. Investors must provide:

  • Police Reports – evidence of a clean criminal record
  • Have no outstanding visa refusals
  • Various documentation, including financial documents, employment/ business documents, ID, proof of address

Minimum Stay Requirements

Grenada’s Citizenship by Investment programme does not require applicants to meet any minimum stay requirements. Grenadian citizens will have the right to live, work or study in Grenada should they choose to, but this is not a pre-requisite of the programme. There is also no language test required.

Good Character
Clean Criminal Record
No Visa Refusals
Include Full Family
Dependent Parents 55y +
Dependent Children
Siblings 18y +
No Minimum Stay
No Language Test
Applicants ID
Proof of Funds
Birth / Marriage Certificates
Financial Records

How Much Does Grenada’s Citizenship by Investment Programme Cost?

Grenada Citizenship by Donation

Grenada’s Citizenship by Donation programme requires a non-refundable contribution to the governments National Transformation Fund (NTF) from $235,000 for a family of up to four people. Additional due diligence and processing fees are also applicable and will vary depending on the applicant’s age and the size of their family.

Grenada Citizenship by Real Estate Investment

Applicants can also gain citizenship in Grenada by investing in government-approved real estate developments, such as hotel resorts and touristic properties, by investing a minimum of $270,000. Casa Aurum offers a selection of established projects, including exclusive five-star resorts which are managed by globally recognised hotel brands and built by the Caribbean’s most reputable developers. Most options offer a return, and the real estate can be sold after a mandatory holding period, allowing you to release your capital without affecting your citizenship status.

How Long Does It take to Get Citizenship by Investment in Grenada?

From the date the application is submitted to Grenada’s Citizenship by Investment Unit (CIU), applications take an average of 6-8 months to be processed. Prior to submission, most applicants typically take between 2-6 weeks to gather all their documentation. Casa Aurum’s in-house processing team will assist applicants with this entire process and the application can be filed remotely, no need to travel. See the FAQ’s below for a more detailed breakdown of the timeframe.

How to Apply

Step 1

Book your free consultation with Casa Aurum’s team of experts to discuss and decide which programme and investment route is best suited to you and your family. Our experienced consultants will advise you on all applicable fees and guide you through the entire process in detail.

Step 2

You can choose your real estate investment remotely through our trusted advisors, or you can visit Grenada to select your investment and appoint a lawyer to take care of the conveyancing on your behalf. Through Power of Attorney the property purchase can be completed at the notary in your absence.

Step 3

Once the real estate investment is complete, usually within 30 days, you can then apply. Clients will need to attend an application appointment to submit their biometric data, or it can be submitted within six months following the appointment.

 

Step4

Once your golden visa application has been approved you will be issued with a five-year Grenada Permanent Residency permit. This can be renewed every five years providing the real estate investment is maintained.

 

 

Grenada FAQ's

Casa Aurum has more than 10 years’ experience dealing with both the Grenada and Portuguese golden visa programmes. The main difference between these programmes is that Portugal offers a more flexible path to citizenship. Grenada’s Permanent Residency programme is better suited to those who specifically want real estate in Grenada, with the added advantage of a residency permit. If your end goal is citizenship in the EU, then Grenada may not be the most suitable option as you must reside full time for seven year and speak fluent Grenada.

Athens is one of the most favoured areas for investment for the golden visa in Grenada. However, as of May 2023, the required investment in Athens and 35 other municipalities in Grenada will double to €500,000. The government are introducing this law in a bid to spread foreign investment more equally across the country. Elsewhere the investment remains at €250,000.

It is not possible to obtain citizenship through investment in Grenada without a period of residency. Investment in real estate can obtain a golden visa, a permanent residency permit, and the right to live full time in Grenada. Following seven years of residency, Grenada citizenship can be applied for, providing the applicant can speak fluent Grenada. Note that Grenada is considered one of the world’s hardest languages to learn and for many this factor will stop them applying for Grenada Citizenship. If your end goal is to secure citizenship in Europe, then you may wish to consider another programme.

Anyone can apply for Grenada’s Golden Visa Programme. Casa Aurum has handled applications from over 150 countries worldwide. As with any programme, certain nationalities, such as Iranians and Russians, face banking sanctions so will be prohibited from transferring their funds to a Grenada bank. Casa Aurum can advise on a case-by-case basis.

Non-residents in Grenada will pay tax on their income derived in Grenada but not on income from outside of the country. Income tax starts at a rate of 22%. Rental income from property in Grenada is taxed at rates, from 11% to 33%. Certain expenses are deductible from the gross income. Capital gains tax (CGT) is charged at 15% on property sales.

Yes, however you must have invested a minimum of €250,000 equity in the property. So, for example, a purchase of €750,000 with a €500,000 mortgage will qualify for the golden visa application.

The key disadvantage is the inability to apply for Grenada citizenship without a period of residency in Grenada and the ability to speak fluent Grenada. Our clients are not usually looking to relocate countries and that is one of the key reasons why Portugal remains more popular than Grenada for Golden Visa investors.

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