How to Obtain Grenada Citizenship through Investment

The Grenadian government offers international investors the opportunity to participate in its migration program, which is available to adult citizens with an impeccable reputation and sufficient capital. It’s advisable to consult with professionals who specialize in immigration, as they can assist in preparing the necessary documentation.

To obtain Grenada’s second citizenship, an applicant must invest in local real estate for a minimum of $350,000 or invest in an NTF starting at $150,000. Generally, citizenship can be obtained within six months, sometimes sooner. After five years, an investor typically recoups their financial investment in real estate. The value of acquiring Grenada’s second passport through investment lies in its unique benefits. Notably, Grenada is the only country that allows its passport holders to apply for an American E-2 visa and facilitates entry into China without a visa.

Changes to Investment Thresholds in the Caribbean

Recent discussions reveal that Caribbean countries have signed a Memorandum aimed at increasing the cash investment amounts required for citizenship. Previously, the minimum contribution to a country’s economy was $100,000. Starting June 30, 2024, Dominica, Grenada, and Antigua will raise their minimum investment thresholds. St. Kitts and Nevis already elevated their threshold to $250,000 last year, while St. Lucia has opted to maintain its current minimum of $100,000. This disparity may lead to an increased influx of applications to St. Lucia, which may not be advantageous for other countries involved in the program.

The purpose of the Memorandum is to eliminate “under-selling,” share applicant information within the investment program, and promote financial transparency. Plans are also underway to establish common standards for managing CBI communication and regulation. For Grenada, the investment threshold is set to rise to $200,000 by June 30, 2024. Interested applicants can apply under current conditions and potentially obtain a second passport by the end of July 2024.

Factors Motivating the Investment Threshold Increase

The simultaneous initiatives to raise investment amounts can be attributed to several factors:

A desire to boost application flows before the deadline;
Harmonization of pricing structures;
Raising the standards of existing programs;
Attracting highly qualified investors to Caribbean economies.

Advantages of Grenada Citizenship for Investors

Securing a Grenada passport presents various advantages for international investors, including:

Unlimited stay in Grenada;
Retention of native citizenship;
Eligibility for an E-2 U.S. visa;
Opportunity to register a business in Grenada;
Tax exemption in Grenada;
Ability to open accounts in Caribbean banks;
Visa-free access to 148 countries;
No language proficiency requirements;
Permission to execute documents remotely;
Inheritance of Grenada citizenship by investment.

Additionally, applicants can complete the necessary documents and relocate their families to the Caribbean. As investors prepare to apply for the Grenada passport, it’s crucial to note that they must work with an intermediary, such as a qualified immigration agency. This agency can provide necessary consultations and legal guidance to facilitate acquiring a second passport efficiently. Engaging experts ensures a streamlined process for obtaining the desired documentation.