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Citizenship by Investment Program

The Grenada’s Citizenship by Investment Programme was launched in August 2013, when came into force the Grenada Citizenship by Investment Act, 2013. The Citizenship by Investment Act has been amended three times since then, being the last time on 2015. Under this program, individuals, and their dependents, making a donation or investing in real estate, may become Grenadian citizens.


Donation to Grenada’s National Transformation Fund

US$ 150,000 non-refundable contribution to Grenada’s National Transformation Fund for a single applicant.

US$ 200,000 for a family up to 4 members. For each additional dependent, it is required an additional contribution of US$ 25,000.


- Main applicant must be 18 years old or older.
- Main applicant must prove that has enough funds to make the required investment, and prove the legal source of these funds.
- Main applicant and dependents do not suffer contagious disease and/or serious health problems.
- Not to have been convicted in any country of an offence, with a custodial penalty of more than six months’ imprisonment, unless he or she has received a free pardon.
- Not to be subject of a criminal investigation.
- Not to be considered a potential national security risk.
- Not to be involved in any activity likely to cause disrepute to Granada.
- Not to have been denied a visa to a country with which Grenada has visa-free access.

Restricted Nationalities

No nationality is officially restricted

dual citizenship

Dual citizenship is recognized in Grenada. You are not required to renounce your previous nationality to become a citizen of Grenada.

Documents Required

  • Certified copy of ID Card
  • Certified copy of passport
  • Medical Certificate
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original or Certified copy of Birth Certificate (if applicable)
  • Original Police Clearance Certificate
  • Original Bank Reference Letter (Not older than 6 month)
  • Six passport-size photos
  • Statement of Source of Funds
  • Photograph and Signature Certificate
  • Affidavit of support for Dependents
  • Investment Confirmation / Escrow agreement
  • Proof of payment of nonrefundable processing and due diligence fees
  • Official transcripts of written confirmation from a recognized education center (dependents over 18)
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single $150,000
  • Investment Family 4 $200,000
  • Minimum annual income -
  • Time to citizenship 2
  • Time to permanent residency
  • Visa-free countries 124
  • Financing available No


due diligence fees main applicant $5,000
processing fees main applicant $1,500
passport fee $105
other fees $1,500 (Application fee) $1,000 (PR Card) $20 (Oath of Allegiance)
total fees main applicant $9,125
due diligence fees spouse $5,000
processing fees spouse $1,500
passport fee $105
other fees $1,500 (Application fee) $1,000 (PR Card) $20 (Oath of Allegiance)
total fees spouse $9,125
due diligence fees dependents -18 $5,000 (16-18)
processing fees dependents -18 $500
passport fee $105
other fees $1,500 (Application fee) $1,000 (PR Card) $20 (Oath of Allegiance)
total fees dependent -18 $8,125 (16-17) $3,125 (under 16)
processing fees dependents 18-25 $1,500
passport fee $105
other fees $1,500 (Application fee) $1,000 (PR Card) $20 (Oath of Allegiance)
total fees dependent 18-25 $9,125
due diligence fees dependents +65 $5,000
processing fees dependents +65 $1,500
passport fee $105
other fees $1,500 (Application fee) $1,000 (PR Card) $20 (Oath of Allegiance)
total fees dependent +65 $9,125

Country details

St. George's
North America
Grenada is a Caribbean country, member of the CARICOM and the Commonwealth. It is located in the Lesser Antilles, in the southeastern Caribbean Sea, north of Trinidad and Tobago, northeast of Venezuela, and south of Saint Vincent and the Grenadines.

It consists in the main island (Grenada) and a series of small islands, the southern Grenadines. With just 344 sq. km and a population of 109,000 inhabitants, it is the second smallest independent country in the Western Hemisphere (after Saint Kitts and Nevis). Its capital is Saint George. The official language is English. Its official currency is the Eastern Caribbean Dollar (XCD), pegged to the US dollar at a 2.71:1 ratio.

Visa Free Travel

With your new passport from Grenada you'll be able to access 124 countries visa free


Becoming a Grenadian citizen, does not automatically mean to be a tax resident. To be a tax resident, an individual must spend at least 183 days in a year within the country. Tax residents and non-residents are subject to tax on their Grenadian-source income.

The first XCD 24,000 of Grenadian-source income is subject to a personal income tax rate of 10%, being 30% on income exceeding this amount. Capital Gains are not subject to taxation.

Grenada has not enacted Controlled Foreign Companies Rules. This means that income retained in a foreign entity owned by a tax-resident may not be subject to taxation.

Property tax ranges from 0% to 0.5% depending on the use of the property. Transfers of real property are subject to a tax from 5% up to 15%, depending whether it is sold to a resident or to a non-resident. Value-added tax in Grenada is 15%. There are no inheritance and net wealth taxes in Grenada.

Regarding corporations, a resident company is subject to a flat tax rate of 30% on its worldwide income. However, companies incorporated under the International Companies Act are fully tax-exempt. International Companies are entitled to do business outside the territory and benefit from almost non-existent accounting requirements and maximum confidentiality. Learn more about Grenada corporate taxation and legal framework at

This should not be construed as tax advice. Flag Theory | Passports.IO has access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax No
  • Net worth tax No
  • CFC law No
  • Tax residency days 183
  • Personal income tax rate 30%
  • Capital Gains tax rate 0%
  • Investment income tax rate 0%
  • Territorial taxation Yes


Flag Theory | Passports.IO and our qualified lawyer in Grenada, will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain free as possible.

First, our lawyers will conduct a due diligence check on you to ensure that you are eligible and meet the criteria to apply for the program and your application will be approved. We will send you the application forms and provide assistance to complete the questionnaires, translate and authenticate documents. You must do a medical examination (we may recommend clinics in your jurisdiction) and provide us the medical assessment. After that, you will be ready to undergo fingerprints procedures and transfer your investment to an escrow account. Investment will be made only in case of application approval.

We will handle all paperwork with Grenada’s Government, which will conduct a due diligence check. Once your application is approved, you will receive a certificate of naturalization and you will be able to pick up the passport at the established avenue. The whole process takes within 60 days after application submission.

For further information on Grenada’s citizenship by investment program and detailed procedures, contact us for a free private consultation.


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