Grenada offers a Caribbean second passport for U.S. citizens. Known for its efficient citizenship-by-investment program, Grenada provides visa-free travel to key destinations, tax advantages, and business opportunities.
According to Lyle Julien, Investment Programs Expert at Immigrant Invest, Grenada investment citizenship is one of the most flexible and straightforward options for high-net-worth individuals. This makes it an attractive choice for Americans seeking financial security and global mobility.
What is Grenada Passport by Investment
Grenada’s program is straightforward. Established in 2013, the Grenada Citizenship by Investment program allows applicants to gain citizenship through a financial contribution. This option is ideal for those who value speed and simplicity in acquiring a second passport.
The approval process takes 8 months. Most applications are processed within 8 months, making it one of the fastest CBI programs in the Caribbean. Often recognised as one of the best Caribbean citizenship by investment options, Grenada’s program stands out for its combination of flexibility, benefits, and efficiency.
Grenada Passport Benefits for US Investors
Visa-free travel is a key advantage. Grenada’s passport provides access to many countries. This benefit is particularly valuable for investors conducting international business.
Tax benefits are substantial. Grenada imposes no taxes on worldwide income, wealth, or inheritance. This is appealing for high-net-worth individuals looking to optimise their financial portfolios.
Family inclusion is flexible. The program allows the inclusion of a spouse, children, dependent parents or grandparents and siblings under a single application. This ensures broader family security and mobility.
Real estate investments can bring returns. Investing in government-approved real estate not only qualifies applicants for citizenship but also offers potential for financial growth.
These advantages highlight the benefits of Caribbean citizenship for Americans, offering a secure and strategic option for global mobility, financial flexibility, and family inclusion.
Grenada Citizenship by Investment Options and Requirements
Two investment routes are available. These include a donation to the National Transformation Fund, starting at $235,000 for a single applicant. Alternatively, applicants can invest in real estate, with a minimum requirement of $270,000.
Eligibility criteria. Applicants must have no criminal record, demonstrate good health, and provide proof of the origin of funds. These requirements ensure the program’s integrity and reputation.
The straightforward investment routes and criteria underscore the advantages of Grenada citizenship as a reliable and secure option for high-net-worth individuals seeking global mobility and financial benefits.
How to Obtain Grenada Passport by Investment
The entire process, from Due Diligence to receiving the passport, takes 8 months. Licensed agents ensure that each step is handled accurately and on time, reducing the risk of delays.
Licensed agents are mandatory. Only authorised professionals can guide applicants through the process, ensuring compliance and efficiency. Working with a licensed agent is a legal requirement and helps streamline the application.
Step 1. Preliminary Due Diligence. The process begins with an initial assessment conducted by a licensed agent. This evaluation ensures that the applicant meets the eligibility criteria, such as a clean criminal record and a legitimate source of funds. Preliminary Due Diligence is crucial to identify any potential issues before submitting the formal application.
Step 2. Preparation documents. The applicant must compile all required documents, including:
- proof of identity — passport copies, birth certificates;
- evidence of financial resources — bank statements, tax returns;
- police clearance certificates from all countries of residence;
- medical examination results to confirm good health.
The agent assists in verifying and organising the documents to meet Grenada’s requirements.
Step 3. Choosing an investment option. Applicants must decide between the two main investment routes.
Step 4. Submitting application. The agent submits the completed application to the Grenadian government along with the initial processing fees. This step involves a thorough review by the Citizenship by Investment Unit (CIU) to ensure all documents are in order. The CIU will conduct an in-depth background check on the applicant and any dependents.
Step 5. Receiving approval. If the application is successful, the CIU issues a letter of approval in principle. At this stage, the applicant completes the chosen investment:
- For NTF contributions, the applicant makes the full payment.
- For real estate investments, the purchase agreement is finalised, and funds are transferred to the approved project.
Step 6. Citizenship certificate and passport issuance. Once the investment is verified, the applicant receives a citizenship certificate. The Grenadian passport is then issued within a few weeks, granting access to the program’s full benefits.
Conclusion
Grenada citizenship program offers benefits of Caribbean passport for U.S. citizens. From visa-free travel to tax benefits and US E-2 visa access, it is a strategic choice for investors. With straightforward investment options and a fast approval process, Grenada provides a reliable path to global mobility and financial security.