GRENADA Residency & Citizenship By Investment

Favourable Tax Environment

Grenada, often referred to as the “Spice Isle” due to its abundant production of nutmeg, mace, and other spices, is a picturesque Caribbean nation renowned for its lush landscapes and vibrant culture. Situated in the southeastern Caribbean Sea, Grenada lies northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines.

In 2013, Grenada introduced its Citizenship by Investment (CBI) program, offering investors a pathway to obtain citizenship through economic contributions. This initiative has garnered attention from high-net-worth individuals worldwide, particularly due to its favourable tax environment and strategic benefits.

Why Invest in Greece Now?

No Tax on Foreign Income:

Income earned outside of Grenada is not subject to taxation.

No Capital Gains Tax:

Profits from the sale of assets are exempt from capital gains tax.

No Inheritance or Wealth Taxes:

Assets passed on to heirs are not taxed, preserving wealth across generations.

These policies make Grenada an appealing jurisdiction for establishing offshore companies, allowing for efficient tax planning and wealth management. Additionally, the absence of taxes on international revenue streams enables businesses to operate with enhanced profitability.

Investment Options

To acquire Grenadian citizenship through the CBI program, applicants can choose between two primary investment avenues:

National Transformation Fund (NTF) Donation:

A non-refundable contribution to support Grenada’s economic development.

Individual Applicant: Minimum donation of $235,000
Family of Four: Minimum donation of $235,000
No Return On Investment (ROI)

Real Estate Investment:

An investment in government-approved real estate projects, which can be resold after 5 years.

Minimum Investment: $270,000 + $50,000 Non-Refundable contribution (for an individual up to a family of 4).
ROI: depends on the choice of Real Estate purchase.

Both options require additional fees for due diligence and application processing.

Eligibility Requirements

Applicants must meet the following criteria:

Dependents, including spouses, children under 30, parents, and grandparents, can be included in the application.

E-2 Visa Treaty with the United States

A significant advantage of Grenadian citizenship is eligibility for the U.S. E-2 Investor Visa. This visa allows individuals to reside and operate a business in the United States. Notably, only citizens of countries with an E-2 treaty with the U.S. are eligible, and Grenada is among the few Caribbean nations that hold this treaty.

Cultural and Economic Landscape

Beyond its investment benefits, Grenada offers a rich cultural experience and a robust economy:

Spice Production:

As a leading producer of spices like nutmeg and mace, agriculture plays a vital role in Grenada’s economy.

Tourism

With pristine beaches, clear waters, and a tropical climate, tourism is a major economic driver.

The island’s natural beauty and vibrant culture make it an attractive destination for both tourists and investors.

Step-by-Step Process

Initial Consultation & Selection of Investment Option

Clients choose between a National Transformation Fund (NTF) donation or a real estate investment in a government-approved project.
Depending on the family size, around $28,000 USD - $50,000 USD is required by the government of Grenada to begin the due diligence process.

Due Diligence & Application Submission

The Grenadian government conducts a thorough background check on the applicant.
This process typically takes 60-90 days and is crucial to ensure the integrity of the program.

Approval from the Grenadian Government

Once the due diligence is completed and the applicant is approved, only then is the investment required.
Unless a client has an excruciating circumstance (such as a serious legal issue), the due diligence process is usually approved without complications, meaning there is no risk of investing before receiving government approval.

Investment & Final Documentation

The required funds for either the NTF donation or real estate investment are transferred.
Additional government fees and processing costs are paid at this stage.

Issuance of Citizenship & Passport

Once the investment is confirmed, Grenada issues the Certificate of Naturalization and a Grenadian passport.
The entire process can be completed in as little as six months. In some cases, depending on the complexity of the applicant’s background, this can take up to 11 months.

No Physical Presence Requirement

One of the most attractive features of Grenada’s CBI program is that there is no residency or physical presence requirement at any stage. The entire process can be completed remotely without the client needing to visit Grenada.

That said, we highly encourage all clients to visit Grenada to experience its sheer beauty, vibrant culture, and explore potential investment opportunities firsthand.

Disclaimer

The information provided on this website is for general informational purposes only and should not be considered legal, financial, or tax advice. Immigration, residency, and citizenship programs, as well as tax policies, are subject to change at any time without prior notice. While we strive to keep our content accurate and up to date, we cannot guarantee that all information reflects the latest legal and regulatory developments.

To ensure you receive the most current and relevant information for your specific situation, we strongly recommend scheduling a strategy consultation with our experts. This allows us to provide you with tailored advice and guidance based on the latest updates to your program of interest.

Bluewater Immigration does not provide legal or tax advice. Any decisions based on the information on this website should be made in consultation with qualified legal, financial, or tax professionals.

For personalized guidance and the latest updates, contact us directly.

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