CARIBBEAN     COMMERCIAL     &    IP    LAW    PRACTITIONERS    LLP
Barristers & Attorneys-at-Law

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship or permanent residence. Applicants must apply through licensed agents, and may not make submissions to the Government on their own behalf.

LEGAL BASIS

The Citizenship by Investment Programme 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.”

St. George's, overlooking Woodbridge Bay on the southwestern coast, is the capital and chief port. It has a forty-foot draught and can handle 20 to 40 foot containers serviced by roll on/roll off facilities. Cruise ships dock here on the Ferry Terminal in the Capital City of Roseau and at Portsmouth in the northwest on the Fort Rupert Bay.

Applicants may only make two types of investments to obtain citizenship or permanent residence:

1. They must make “a payment into the National Transformation Fund;” or
2. They must make “a payment towards an approved project in Grenada”

The National Transformation Fund (NTF) was established under section 43(1)(a) of the Public Finance Management Act Cap 262B, and is responsible for funding Government-sponsored projects in Grenada. ‘Approved project’ is defined under Section 3 of the Grenada Citizenship by Investment Act, 2013 as “a project that is approved by the Minister following the review and recommendation of the Citizenship by Investment Committee.”

Please feel free to contact us for more information.

Individuals who choose to apply for citizenship under Grenada’s Citizenship by Investment Programme may take advantage of the following:

• Minimal processing fees.
• Fastest turnaround from application to citizenship in approximately 60 days.
• No interview, education, or management experience required.
• No requirement to reside in Grenada before or after citizenship is granted.
• Well-known, stable and established investment environment.
The application process is confidential, with no disclosure or exchange of information with other governments or bodies, except when due diligence checks are carried out as part of the application process. These checks are performed by an authorised due diligence agency.



BENEFITS OF GRENADIAN CITIZENSHIP

ndividuals who obtain citizenship through Grenada’s Citizenship by Investment Programme are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada at all times. Moreover, because Grenada is a member of the Caribbean Community (CARICOM), Grenadian citizens have the right to live in any other CARICOM member state.

Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. Children and young adults may obtain preferred access, and in some cases grants, to top schools and universities.





LIFESTYLE BENEFITS

Grenada offers its citizens social and political security, reinforced by its membership in the United Nations and the Commonwealth of Nations. Grenada’s local community is culturally vibrant, vivacious, and extremely friendly. Grenada has a long history, and locals are proud of their national heritage, which they celebrate throughout the year. Finally, Grenada is the perfect setting for both adventure and relaxation: its wildlife attractions, marine life, and national parks make it an exciting place to explore, while its super-yacht marina and pastel towns make it ideal for strolling and unwinding.





BUSINESS ADVANTAGES OF GRENADIAN CITIZENSHIP

Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax. There is no restriction on the repatriation of profits and imported capital. Generous incentive packages exist including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance. Grenada’s currency, the East Caribbean dollar (XCD), is pegged to the United States dollar (USD). Lastly, there is duty-free trading in the Caribbean.





INTERNATIONAL MOBILITY

Grenadian citizens can travel without visa restrictions to more than 115 international and Commonwealth countries. These include the United Kingdom and all other members of the European Union, and important business hubs such as Singapore and Hong Kong. Grenada is one of very few nations whose citizens can travel to the People’s Republic of China without first obtaining a visa.

Please feel free to contact us for more information.

PERSONAL REQUIREMENTS

In order to protect its people and Grenada’s international standing, the Government of Grenada will only grant citizenship to individuals who are truly deserving of that honour. Therefore, the Government will deny the application of any applicant who:

• Provides false information on his or her application form;
• Has at any time previously been convicted in any country of an offence for which the maximum custodial penalty for the same or similar offence in Grenada is in excess of six months imprisonment (unless he or she received a free pardon);
• Is the subject of a criminal investigation;
• Is considered to be a potential national security risk to Grenada or to any other country;
• Is involved in any activity likely to cause disrepute to Grenada; or
• Has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial

Please feel free to contact us for more information.

The following charts highlight the costs and fees associated with citizenship by investment in Grenada.

NTF CONTRIBUTION

REAL ESTATE OPTION

Please feel free to contact us for more information.