Grenada, a Caribbean island in the West Indies, offers a citizenship‑by‑investment (CBI) program that grants a second passport to qualifying high‑net‑worth individuals and their families. The program is administered by the Grenada Citizenship by Investment Committee (CBIC), which reviews applications and recommends approval to the minister.
Key Benefits
- Visa‑free travel to 144 destinations, including the Schengen Area, the United Kingdom, Russia and China; the passport ranks 33rd globally for travel freedom.
- Access to the U.S. E‑2 Treaty Visa, allowing citizens to live and work in the United States by establishing a qualifying business.
- Tax advantages: no worldwide income tax, inheritance tax, or net‑wealth tax. Residents are taxed only on income sourced within Grenada.
- Family inclusion: spouses, dependent children (under 30), parents, grandparents, and unmarried siblings (18+) can be added to the application.
Eligibility Requirements
- Applicant must be at least 18 years old.
- Must demonstrate good character, health, and a clean criminal record.
- Must pass a background check.
- Must provide proof that the investment funds are from a legitimate source.
Investment Options
| Option | Minimum Investment | Notes |
|---|---|---|
| National Transformation Fund (NTF) | US $150,000 (single applicant) | Direct contribution to a government fund; no residency requirement. |
| Approved Real‑Estate Project | US $350,000 | Investment in a pre‑approved property development; can be shared with other investors. |
Both routes allow the applicant to obtain citizenship in approximately three months after submission of a complete application. Physical residence in Grenada is not required before or after the grant of citizenship.
Application Process Overview
- Submit documentation to the CBIC, including personal identification, health and character certificates, and proof of funds.
- CBIC review – the committee assesses the application and forwards a recommendation to the minister.
- Ministerial decision – the minister issues approval, denial, or requests additional information.
- Issuance of passport – once approved, the passport is processed, typically within 90 days.
Practical Considerations
- Timeline: The entire process can be completed in roughly three months, making it one of the faster CBI programs.
- Cost: In addition to the investment amount, applicants should budget for due‑diligence fees, legal representation, and passport issuance fees.
- Residency: No prior residency or physical presence in Grenada is required, but applicants should be prepared for occasional travel for due‑diligence interviews if requested.
- Tax residency: To benefit from Grenada’s tax regime, individuals must ensure they are not tax residents elsewhere; professional advice is recommended.
Grenada’s CBI program combines travel mobility, U.S. business visa access, and a favorable tax environment, making it a notable option for investors seeking a second passport.
