Nutmeg, of which Grenada is the 2nd largest producer
Grenada: Dual Nationality, Second Citizenship by Investment, Naturalization, Golden Passport
Apply for the Grenadian passport
Description of Grenada's Citizenship by Investment Program
Get the Grenada passport. Grenada, also known as the "island of spice" due to its production of nutmeg, offers dual citizenship for life in a British Commonwealth Country against a non-refundable investment in its economy.
The Grenadian 5-year passport is special in that it offers visa-free entry to China and gives access to the E2 US investor visa.
| Launch date | 2013 (among the Caribbean’s more recent economic citizenship programs) |
|---|---|
| Promoter | CBI Committee (CBIC) |
| Popularity | 3,500 passports issued since 2013 |
| Passport reach | Visa-free entry to 141 states *** (out of 193 UN member states) |
| EU-Schengen access | 90 days in any 180-day period. The notion of "any" means the application of a moving 180-day reference period, looking backwards at each day of the stay. |
| Publication of names | No |
Do I Need to Travel to Grenada to Apply for a Second Passport
| Passport application, collection | No |
|---|
Key Benefits of Grenadian Citizenship
- Citizenship for life in a British Commonwealth country passed on to future generations by descent
- Grenada recognizes dual citizenship
- The Grenadian passport program is the only one with visa-free access to China
- Grenada (and Turkey) have an investment treaty with the US providing access to the E-2 Investor Visa to the US
- Grenada’s Maurice Bishop International Airport near St. George’s offers direct flights to Toronto, Frankfurt, New York, Miami, London
- Grenada, which was invaded by the United States in 1983 in an operation codenamed "Urgent Fury" (depicted in the Clint Eastwood movie "Heartbreak Ridge"), hosts a leading US offshore university (St. George’s University)
- Grenada's Grand Anse Beach in St. George has often been hailed as one of the best beaches in the world
- Grenada's economic citizenship program gives permanent residency rights in most of the member countries of the Caribbean Community
(CARICOM), which includes 15 Caribbean nations
Key Downsides of Grenada's Passport Program
- Slow processing times and high refusal rates: on the other hand, Grenada is recognized for its thorough vetting process
- The program is among the CBI/RBI schemes which were identified by the OECD in November 2018 as "potentially posing a high risk to the integrity of the CRS" warranting enhanced bank due diligence
- Starting from 2023, all visa-free non-EU citizens wishing to travel to the Schengen area must apply online for a 3-year travel authorization via the European Travel Information and Authorization System (ETIAS), similar to the American ESTA, involving (i) a fee payment of €7 (ii) background questions relating to public health risks, criminal records, previous refusals of entry (iii) background checks against relevant EU (and not only national) databases (such as SIS, VIS, Europol, Interpol, Eurodac, ECRIS), as part of a major move to strengthen Europe's external borders
Personal Income Tax in Grenada
| Income, capital gain | 28% |
|---|---|
| Capital gains | 0% |
> An individual is considered resident if physically present in Grenada for at least 183 days in a calendar year.
> Non-resident individuals are taxed on income derived from, or sourced in, Grenada only.
Corporate Income Tax in Grenada
| Income, capital gain | 28% |
|---|
Real Estate Tax in Grenada
| Property tax | 0 - 0.5% |
|---|---|
| Seller | 5 - 15% |
> Non-resident buyers must obtain an
alien landholding license at 10% of the property value.
How to Get the Grenada Passport and What Are its Costs
1) Non-refundable contribution of $150,000 to Grenada's National Transformation Fund (NTF):
- Single applicant | $150,000
- Applicant, spouse, 2 dependants | $200,000
- Extra dependant | $25,000
OR
2) Purchase of approved real estate in Grenada worth $350,000 for a 3-year holding period (unless switched for an equally approved property).
Non-refundable Naturalization Due Diligence and Processing Fees in Grenada
| REAL ESTATE OPTION | |
|---|---|
| Processing fee family of up to 4 persons | $50,000 |
| Extra dependant | $25,000 |
| COMMON FEES | |
| Application fee | $1,500 per person |
| Due diligence fee (person over 17) | $5,000 per person |
| Processing fee (person over 18) | $1,500 per person |
| Processing fee (person under 18) | $500 per person |
What is a Dependant under Grenada's CBI Program
A dependant is (i) a biological (or legally adopted) child under the age of 18 or (ii) a child between 18 and 30 (student, unmarried daughter, physically or mentally challenged person) or (iii) a parent or grand-parent over 55 of the main applicant or spouse.
What are the Steps to Get the Golden Passport in Grenada
- Application pre-approval, submission via an authorized marketing agent
- Payment of due diligence fees and 10% of the processing fees
- 2 - 3 months: due diligence, letter of approval issued
- Operation of qualifying investment, Certificate of Registration issued
- Application for a 5-year passport (for example at a Grenadian foreign embassy)
> The Grenadian passport is valid for 5 years and subject to renewal, for example at the Grenadian Consulate in London.
*** Visa-Free Countries for Grenadian Citizens - includes China
ETIAS required since 2023 for Schengen entry
Andorra (3 months), Argentina (90 days), Armenia (120 days), Austria (90 days), Bahamas (90 days), Bahrein (14 days), Bangladesh, Belgium (90 days), Belize (6 months), Benin (30 days), Bolivia (90 days), Bosnia (90 days), Botswana (90 days), Brazil (90 days), Bulgaria (90 days), Cambodia (30 days), Cape Verde, Chile (90 days), China (30 days), Colombia (180 days), Comoros (45 days), Costa Rica (30 days), Croatia (90 days), Cuba (30 days), Cyprus (90 days), Czech Republic (90 days), Denmark (90 days), Djibouti (31 days), Dominican Republic, Ecuador (90 days), Egypt (15 days), Estonia (90 days), Eswatini (ex-Swaziland, 30 days), Ethiopia (90 days), Fiji (120 days), Finland (90 days), France (90 days), Gabon, Gambia (90 days), Georgia, Germany (90 days), Greece (90 days), Guinea-Bissau (90 days), Guyana, Haiti (90 days), Hungary (90 days), Iceland (90 days), India (60 days), Indonesia (30 days), Iran (15 days), Ireland (90 days), Israel (3 months), Italy (90 days), Jamaica (6 months), Jordan, Kenya (90 days), Kiribati (30 days), Kyrgyzstan, Laos (30 days), Latvia (90 days), Lesotho (90 days), Liechtenstein (90 days), Lithuania (90 days), Luxembourg (90 days), Macedonia (90 days), Madagascar (90 days), Malawi (90 days), Malaysia (30 days), Maldives (30 days), Malta (90 days), Mauritania, Mauritius (90 days), Micronesia (30 days), Moldova (90 days), Monaco (90 days), Montenegro (90 days), Mozambique (30 days), Nepal (90 days), the Netherlands (90 days), Nicaragua (90 days), Norway (90 days), Pakistan, Palau (30 days), Panama (180 days), Papa New Guinea (30 days), Peru (183 days), Philippines (30 days), Poland (90 days), Portugal (90 days), Qatar, Romania (90 days), Russia (90 days), Rwanda (30 days), Samoa (60 days), San Marino (90 days), Senegal (90 days), Serbia (90 days), Seychelles (90 days), Sierra Leone (90 days), Singapore (30 days), Slovak Republic (90 days), Slovenia (90 days), Somalia (30 days), South Korea (90 days), Spain (90 days), Sri Lanka (30 days), Suriname (6 months), Sweden (90 days), Switzerland (90 days), Tanzania (90 days), Timor-Leste (30 days), Togo (7 days), Trinidad (6 months), Turkey (90 days), Tuvalu (30 days), Uganda (90 days), Ukraine (90 days), United Kingdom (6 months), Uruguay (90 days), Uzbekistan (30 days), Vanuatu (30 days), Vatican City (90 days), Venezuela (90 days), Zambia (90 days), Zimbabwe (90 days)