Why choose Grenada?
Grenada is located in the south of the Caribbean’s, as other Caribbean countries; it is knows for its picturesque sceneries and beautiful beaches. Grenada, also known as the ‘Island of Spice’ has famously become a great destination for a relaxing getaway.
Grenada grants citizenship through investment by either investing in government-approved Real Estate, or by donating to the National Transformation Fund.
BENEFITS
Qualifications
Timeline & Procedure
| Grenada Citizenship-by-Investment | ||
| Month 1 | Step 1 | Bluemina does a preliminary background check. Once cleared, file preparation begins and required documents are collected. Advisory, governments and due diligence fees are due. |
| Month 1-2 | Step 2 | File is submitted |
| Month 3 -5 | Step 3 | Insuance of “Approved in Principal” letter by the CIU (Government’s Citizenship-by-Investment Unit) |
| Step 4 | Investment is made in selected option; Real Estate or a donation to the National Transformation fund | |
| Step 5 | Naturalization certificate is issued | |
| Month 6 | Step 6 | Submission of Passport application and issuance of passports. |
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Investment Schemes
Real Estate: The applicant purchases a government pre- approved real estate project with a value of at least US $350,000 and maintain it for 4 years. The property can then be sold after 4 years.
The applicant must pay Government fees of:
US $50,000 for main applicant and a family of 4
US $25,000 for each extra dependent
*Dependents include parents or grandparents over 65 and any dependent between the ages of 18 and 25 if they are studying full time for higher education.
And the applicants must also pay due diligence and background check fees:
US $5,000 for Main Applicant and each applicant
US $2,000 for dependent between ages of 12 and 17
Additional processing and application fees:
US $1,500 processing fee for each applicant (US$500 for each applicant below 18)
US $1,500 application fee for each applicant
Donation to National Transformation Fund: The applicant makes a one-time monetary contribution of US $200,000 for a family of four. Plus US $25,000 per additional dependent
And the applicants must also pay due diligence and background check fees:
US $5,000 for Main Applicant and each applicant
US $2,000 for dependent between ages of 12 and 17
Additional processing and application fees:
US $1,500 processing fee for each applicant (US$500 for each applicant below 18)
US $1,500 application fee for each applicant
Legal Basis
The Citizenship by Investment Program came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.”
