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Grenada

 Grenada Citizenship by Investment

The Grenada citizenship programme is regulated under the guidelines of the Grenada Citizenship Act. An investor may qualify for citizenship through a donation to the government fund or investment in real estate. Grenada also referred as the ‘Spice Isle’ is known for its unspoilt sandy beaches and exotic weather. The island is located northeast of Venezuela and southwest of Saint Vincent and Grenadines.

  • Visa free travel to over 120 countries including Schengen region, UK, Hong Kong, Singapore and China.
  • Ability to apply for the USA E2 visa.
  • No residency requirements.
  • No interview requirements.
  • No language requirements.
  • Work and reside in Grenada.
  • Limited taxation: no wealth, gift, foreign income or capital gains tax.
  • Completely private application process.
  • No Education or work experience requirements.
  • The island is easily accessible via an international airport with direct flights to Toronto, Miami, New York and London.
  • The capital of Grenada is St Georges.
  • The island is home to an international cricket stadium for the West Indies nation team.
  • The island is known as the Spice Isle due its famous locally grown spices and culture of music.
  • Grenada is situated on the southern extreme of the hurricane belt and thus escapes majority of the seasonal depressions within the Caribbean allowing Grenada to enjoy a pleasant climate all year round.
  • The 3km Grand Anse Beach in St George is considered to be one of the best beaches in the world.
  • Queen Elizabeth II is the head of state and the head of government is Prime Minister Keith Mitchell.
  • The official currency of Grenada is Eastern Caribbean dollars.
  • English is the official language on the island.
  • It is one of the smallest countries in the Caribbean region with a population of 110,000.
  • Grenada is a sovereign Caribbean state consisting of 3 islands: Grenada, Carriacou and Petite Martinique

Grenada is also one of the world’s largest exporter of Nutmeg. Besides producing nutmegs, the Grenada economy has a healthy agricultural and tourism industry. Main export destinations are the United States, Switzerland, Germany, the Netherlands and Canada.

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Investment options

An applicant must invest in one of the two options below in order to apply for citizenship:

  • Donation in the government fund
  • Investment in real estate

Donation in the Government Fund

Single Applicant

  • Required Contribution: $150,000
  • Application Fee: $1,500
  • Due Diligence: $6,500

Applicant and Spouse

  • Required Contribution: $200,000
  • Application Fee: $3,000
  • Due Diligence: $13,000

Family (2 Adults & 2 Children)

  • Required Contribution: $200,000
  • Application Fee: $6,000
  • Due Diligence: $18,000

* Fees are subject to change

Investment in Real Estate

Single Applicant

  • Required Investment: $350,000
  • Application Fee: $1,500
  • Government Fees: $50,000
  • Due Diligence: $6,500

Applicant and Spouse

  • Required Investment: $350,000
  • Application Fee: $3,000
  • Government Fees: $50,000
  • Due Diligence: $13,000

Family (2 Adults & 2 Children)

  • Required Investment: $350,000
  • Application Fee: $6,000
  • Government Fees: $50,000
  • Due Diligence: $18,000

* Fees are subject to change

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Process

  • An initial internal due diligence check will be carried out on each applicant to assess their suitability  for the Grenada citizenship programme.
  • A deposit payment will be required providing the client passes the initial due diligence stage.

AIM Capital Partners will require clients to scan all documents to their client relationship manager in order to ensure the documents have been prepared in the correct manner. Guidance will be provided to the applicant throughout the process.

Thereafter, the team will prepare your application and submit it to the citizenship unit.

AIM Capital Partner will request the required payments when the application is ready to be submitted. Within 1-2 weeks, the company should receive the submission acknowledgment letter from the unit.

  • The government will carry out a strict due diligence on each applicant and receive reports from several due diligence agencies in order to ensure all applicants are of good character.
  • This process will take around 3 months.
  • The citizenship unit will meet to assess the due diligence results and citizenship application. Thereafter, the unit will inform AIM Capital Partners whether the application has been approved or disapproved.
  • If the application is successful, the application will be approved in principal.

All payments will be required at this stage and the unit will issue the certificates of citizenship when all payments have been made. Once the certificates have been issued, AIM Capital Partners shall apply for all passports.

General Requirements

  • Main applicant should be at least 18 years old.
  • Applicant should have no previous criminal record and be of good character.
  • Applicants should be in good health.
  • Applicant should be able to make the full investment.

Eligibility of Dependents

  • A spouse of the main applicant.
  • Children under the age of 18 of main applicant or spouse.
  • Children between the age of 18 -30 who are fully supported by the main applicant.
  • A child of the main applicant who is physically or mentally challenged. The dependent must be fully supported by the main applicant.
  • Parents or grandparents of the main applicant and spouse above the age of 55.
  • Siblings of the main applicant who are not married and do not have any children can apply for citizenship as a dependent of the main applicant.

A successful applicant will have visa free or visa on arrival access to the following countries:

  • Anguilla
  • Antigua & Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Austria
  • Bahamas
  • Bangladesh
  • Barbados
  • Belize
  • Belgium
  • Bermuda
  • Bolivia
  • Botswana
  • Brazil
  • Bulgaria
  • Cambodia
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • Estonia
  • Fiji
  • Finland
  • France
  • Gambia
  • Grenada
  • Guadeloupe
  • Guyana
  • Haiti
  • Hong Kong
  • Iceland
  • Ireland
  • Israel
  • Italy
  • Jamaica
  • Jordan
  • Kenya
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Malta
  • Martinique
  • Mauritius
  • Montserrat
  • Mozambique
  • Nepal
  • Netherlands
  • Norway
  • Palau
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • Seychelles
  • Singapore
  • Slovakia
  • Slovenia
  • Solomon Islands
  • South Korea
  • Spain
  • Sri Lanka
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Tanzania
  • Togo
  • Trinidad and Tobago
  • Uganda
  • United Kingdom
  • Venezuela
  • Zambia
  • Zimbabwe

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