The Grenada Citizenship by Investment Program was reinstituted in 2013, once again opening its doors to those seeking second citizenship opportunity in the gorgeous Caribbean.
Grenada is a member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States, and the country is becoming a top choice of destination for high-net-worth investors seeking a second passport.
Those who wish to enjoy the sights by getting a Grenada passport must go through a stringent review and application process, which extends to family members. Routine applications are processed within 60 days, and Grenadian passports are issued shortly thereafter. Grenadian citizenship affords visa-free travel to more than 110 countries, including the United Kingdom, making it ideal for those who consider business immigration.
Furthermore, holders of a Grenadian passport are entitled to enroll in the United States’ E-2 visa program, allowing investors to reside and launch businesses in the US. Those with a Grenadian passport remain US residents as long as they renew their visas and continue to meet the program qualifications.
BENEFITS OF GRENADA PASSPORT
– Dependent children under 30 years of age and dependent parents or grandparents above 55 years as well as siblings at least 18 and single
– Travel to Grenada during the application process is not required
– No physical residency requirements
– No income, wealth, or inheritance taxes
REQUIREMENTS FOR GRENADA PASSPORT
– Applicants must undergo a medical check
– Applicants must undergo a security screening
– Proof of the source of invested funds
USD 200,000 for a family of 4. USD 25,000 for each additional dependent
Real estate investment of USD 220,000 (approved projects)
Government fee for up to 3 dependents USD 50,000, for each additional dependent USD 25,000
Those looking for fresh business endeavors or a career upon arriving in Grenada will find a lot of room for growth in agriculture, tourism, construction, medical education and financial services. Tourism is the main driving force behind the flourishing economy of Grenada, home to some of the most gorgeous hillside beaches.
In addition, not much preparation is needed to get used to the Grenada financial system, as the national currency, the Eastern Caribbean Dollar, is pegged to the U.S. dollar.
The population of Grenada is generally considered highly educated, ranking high in both literacy and pupil-to-teacher ratio (less students per teacher). Compulsory age for schooling starts at 5 and ends at 14 years old, but many stick around far past that point.
Higher education includes the T A Marryshow Community College, where students can start out their university years in 2 and 3-year programs for nursing, pharmacy and General Certificate of Education (GCE).
Moreover, the incredibly beautiful ocean-side St. George’s University offers full bachelors programs in arts, veterinary science, general sciences and medicine.
Grenada’s housing market has been growing steadily since 2015 following over 7 years of stagnation as result of the economic collapse. Foreigners are also gaining Grenada citizenship to come to the country for investment opportunities in home buying.
In Grenada, rent and increases can be freely negotiated between landlords and tenants, but rent pricing is largely influenced by season. Serious real estate investors may consider forgoing a Grenada passport because rental yields are quite low at 4.3%; however, buying a home can be quite reasonable at an average of $250,000.
Grenada proudly maintains one of the best health care systems in the Caribbean, providing high-quality primary care to those with Grenada citizenship nearly free-of-charge.
However, as is the case in many small island countries, complicated procedures may need to be taken overseas to larger university hospitals.
EUROPEAN CITIZENSHIP BY INVESTMENT
European Citizenship by Investment is becoming increasingly popular across the globe. We will answer the questions where can I get second passport EU and what countries would be interesting for EU citizenship through investment?
CITIZENSHIP BY INVESTMENT IN REAL ESTATE PROJECTS
The experience of Apex Capital Partners with the real estate market allows us to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
APEX sells and develops real estate internationally. Learn more about our end-to-end client representation and project management from concept to completion.
Offering a comprehensive suite of financial and advisory services, APEX assists clients in navigating the complexities of international investing.
APEX empowers clients with a range of investment advice, enabling more informed decision-making and the accomplishment of their financial goals.
Since 2018, the Silversands Origin resort (Grand Anse Beach) has been operating in Grenada under the management of Leading Hotels of the World (WLH). In addition to the original design for such resorts, the hotel became famous for its infrastructure, including the unique 100-meter pool, the largest in the Caribbean. More info>>
Luxury hotel with 100 rooms is under construction. During construction, an investor can live 7 days a year in premium hotels already built by this developer on neighboring islands. More info>>
Vice-president, Caribbean operations
«A second citizenship enables you to gain more personal and economic freedom and is an integral part of international asset diversification. A second citizenship will last for generations; you will be able to pass it on to your children and grandchildren.»