Grenada

Grenada

• Island nation in the Caribbean Sea
• Capital city is St. George’s
• Achieved independence from Britain in 1974
• Currency is the Eastern Caribbean Dollar
• Economy based mainly on tourism, plus spice production (second largest nutmeg producer in the world).
• St. George’s medical university attracts many students.
• GDP of over US $7,800 per capita
• Population of over 110,000
• Total area of 348.5 km²

Citizenship & PR By Investment Program

• Program’s purpose is to attract desirable investors who will make a substantial contribution to Grenada.
• Investment funds contribute to the development of the nation.
• Citizenship Program: Allows applicants to invest in Grenada and receive citizenship in 4-6 months
• Permanent Residence Program: Applicants invest in Grenada and obtain PR status with minimal residency requirement (and citizenship 1 year later).
• No tax on worldwide income
• After 6 years of residency, family can apply for Portuguese citizenship and passports

Program Benefits

• Citizenship in a British Commonwealth country
• Visa-free travel to many countries worldwide
• Dual citizenship permitted
• Children may avoid military service in their home country
• Off-shore bank accounts, investments, and Grenada incorporated companies give unique opportunities for business and tax planning.
• Passports received in approximately 4-6 months (citizenship program) or after 1 year (PR program).

Applicant Criteria

• Dependent children must be under age 25, fully dependent on the principal applicant, and unmarried.
• Dependent parents or grandparents must be over age 65, living with and financially dependent on the principal applicant.
• No minimum net worth, no education requirement, no maximum age limit, no business experience needed, and no interview required.
• Investment requirement (fees extra):
• Citizenship Option: Invest in a government approved real estate or other project (US $200,000 + fees).
• PR Option: Contribute to the National Transformation Fund (US$200,000).
• Residency requirement (PR program only): Spend 14 days in Grenada, and apply for citizenship after 1 year.

Visa-Free Travel

• Visa-free travel to the United Kingdom
• Visa-free travel to Hong Kong
• Visa-free travel to many other countries worldwide
• Visas for Canada, the United States, and the European Union are easily obtained