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Grenada Golden Citizenship program
The citizenship by investment programme for Grenada is one of the newest programmes available to investors. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 140 countries including the UK, EU Schengen countries and China. Grenada also offers access for its citizens to the USA E2 treaty investor visa.

A vibrant and authentic culture
Grenada is unspoiled and uncrowded, yet refined and sophisticated. Located in the south-eastern Caribbean Sea at the southern end of the Grenadines island chain, Grenada is an enchanting island with lush landscapes and pristine beaches.

Nicknamed the “Spice Island”, primarily for its abundance in the production of nutmeg and mace, the beautiful, exotic country is also rich in local history and culture. Grenada is diverse in its ethnic and religious background. The official language spoken in Grenada is English and the population of Grenada is approximately 112,000 people. Grenada is an unspoiled destination with some of the best beaches and yachting for the discerning traveller. The magnificent environment with its warm and friendly people, safe surroundings and exquisite new resorts makes Grenada an alluring destination.

A growing economy
Grenada being one of the most open economies in the region, continues to grow steadily, averaging real growth of approximately 5.0% since 2013. Its tourism sector is also flourishing with a 13% increase in visitors year on year from the stayover, cruise and yachting sectors. Real estate sales are experiencing strong growth too, as Grenada’s popularity increases. The island has an established health care system and is home to St George’s University, one of the world’s largest American accredited medical schools, drawing students and faculty from 140 countries.

Its easy to get there
Grenada is easily accessible with a number of daily direct flights into Grenada’s Maurice Bishop International Airport, including Miami (3 hours), New York (4 hours 50 minutes), Toronto (5 hours 10 minutes), London (11 hours 10 minutes) and a number regional flights from the surrounding islands. The airport also offers fixed-based operator services for private jets.

And lovely when you arrive..
Grenada is close to the equator, which ensures a year-round tropical climate. Its cooling trade winds make temperatures comfortable. Most notably it is located outside of the hurricane belt.

GRENADA CITIZENSHIP BY INVESTMENT

About Grenada

Grenada is a Caribbean country composed of three main islands: Grenada, Carriacou, and Petite Martinique.

Grenada, also known as the ‘Spice Island of the Caribbean,’ is a colourful nation with tropical scenery and welcoming people. In addition to sandy beaches, spectacular waterfalls, and abundant spices, Grenada offers a high standard of living, with festive and sports events throughout the year.

Independent since 1974, Grenada is a member of the Commonwealth of Nations, the United Nations (UN), the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), and the Organisation of American States (OAS). With a democratic parliamentary governmental system, Grenada is politically, socially, and economically stable.

The Grenadian educational system is modelled on the British educational system, and the population of Grenada is highly educated. St George’s University, located in the nation’s capital city, is one of the best INTERNATIONAL universities in the world, and is renowned for its degrees in medicine and veterinary science, and welcomes over 6,000 students every year.

Location

The islands of Grenada, Carriacou, and Petite Martinique are located in the south-eastern Caribbean Sea, near Trinidad and Tobago. Grenada’s modern airport makes the islands directly accessible from London, Toronto, New York, and Miami.

CapitalSaint George’s  
Population: 111 454 (2018) World Bank  
Currency: Eastern Caribbean dollar (ECD)
USD 1 : ECD 2,70

Be a commonwealth citizen
The Commonwealth consists of 54 independent countries and is one of the world’s oldest political associations of states. A commonwealth citizen is defined as a national or citizen of any of those 54 member states. One can acquire citizenship of the Commonwealth, with all its benefits, without having to uproot and leave home.

Established in 1926, the modern Commonwealth was formerly known as the British Commonwealth of Nations, originally consisting of countries ruled by the British Empire. Today’s Commonwealth is based on voluntary and equal co-operation with the head of the Commonwealth elected by the member countries. Her Majesty, Queen Elizabeth II is currently the head of the Commonwealth and the UK’s Prime Minister, Boris Johnson, is the current Commonwealth Chair-in-Office.

The Commonwealth’s official website states that the purpose of the Commonwealth is to strengthen governance, build inclusive institutions and promote justice and human rights. They support members to achieve development, democracy, and peace, grow economies and boost trade, empower young people, and address threats such as climate change, debt, and inequality. Member countries benefit from being part of a mutually supportive community of independent and sovereign states, aided by more than 80 Commonwealth organisations.

Benefits of The Commonwealth
There are many benefits of holding a commonwealth passport which include visa-free travel, education, and business opportunities and “PLAN B” security. Citizenship in a Commonwealth country comes with some added advantages. Because of the connection with the UK, Commonwealth citizens do not require visas to enter the United Kingdom and can spend up to 6 months a year there. Commonwealth citizens are also entitled to extra assistance from British Embassies if they were to face difficulty in a non-Commonwealth country whilst travelling. The UK Government’s website states: ”We may also help Commonwealth nationals in non-Commonwealth countries where they do not have any diplomatic or consular representation; but will normally ask their nearest embassy to provide any ongoing assistance required”. In certain circumstances, such as a lost or stolen travel document, a UK emergency passport can also be issued to unrepresented Commonwealth citizens with the permission of their national governments.

Grenada Citizenship by Investment
The Grenada programme is one of the newest citizenship investment programmes available to investors. Introduced in 2013 it offers a low-cost entry for a second passport. Grenada is the only Caribbean programme with no nationality restrictions, age, health, or work experience. There are no specific country restrictions with the Grenada programme. All applicants are welcome!  (includes Iran, Iraq, Afghanistan, Syria).

There is no requirement to visit for an interview for the Grenada citizenship programme and in fact there is no need to travel to the country to complete the application.

Grenada’s CIB program allows investors and their families to obtain a second citizenship in exchange for an economic contribution to the country. Children and dependents up to age 30 can be included along with dependent parents, and grandparents over age 55 (if financially supported).

Successful applicants will enjoy travel visa-free to over 140 countries worldwide including the United Kingdom (UK), the European Union (EU), China, Brazil, Hong Kong, Russia, and Singapore.

Dual citizenship offers an effective tool for international tax planning. It improves personal security and enables freedom of movement. And Grenada is below the  hurricane belt. This tranquil haven is a lush paradise of landscape, adventure, culture, and plenty of spice!

In a world of uncertainty and disruption the ability to protect self and family and preserve wealth is incalculable !

Key Motivators
For most, Grenadian citizenship offers: Mobility: VISA free access to EU Europe, China, Russia, UK and USA; over 140 countries | Stability and Security | Healthcare & Education | Career Opportunities for Children | Taxation & Succession Planning | Investment opportunities | Enhanced financial freedom 

Investment Criterion
Grenada citizenship may be obtained in two ways
> By a donation to government
> By investment in property

Donation to Government
The NTF option is the most popular alternative for citizenship by investment in Grenada. Established in 2013, the National Transformation Fund (NTF) raises capital to assist the Government in financing development projects to benefit the country and people of Grenada.
o          Main applicant USD 150 000
o          Family up to four members USD 200 000

Investment in Government Pre-approved Real Estate Programs
By investing in government pre-approved property the majority of costs in obtaining Grenadian citizenship is recouped after the hold period. There are two options available:

In both cases, the investment must be held for a period of three to five years (Property dependant) from the date citizenship is received. The following minimums apply:

o          A joint investment in pre-approved tourism accommodation:  USD 220 000
o          An investment in pre-approved real estate: USD 350 000

After the 3-5 years the property can be resold. The new owners can use the property to apply for citizenship. Grenadian citizens retain their citizenship irrespective if the property is sold. Government, Professional and Due Diligence fees apply. Once you have decided on your chosen route to citizenship the SMARTeam will provide a detailed breakdown of fees.

For tax and estate planning purposes property may be owned in structures (Company/Trust)

All property including joint investments are freehold. Real Estate requires more funds upfront, but the majority other than Government and Due Diligence fees can be recouped on resale of the property.

Higher Education including medicine
Offered is a full range of degrees with the school of medicine actively sought. Become one of over 17,000 graduate doctors who practice in the US and around the world. Choosing a medical school is one of the most crucial decisions of your life, and it is important that you absorb as much information as possible about the choices in front of you. We encourage you to consult with St. George’s University graduates, students, and administrators, who are available to answer any questions you may have about the University curriculum, beautiful Caribbean campus, and track record of student success. Students have access to clinical training opportunities at over 70 affiliated hospitals and clinical centres in the United States, Grenada, and United Kingdom. Entry points are available for students from any education system around the world www.sgu.edu

Video on St Georges University Grenada

Benefits of the Citizenship-Passport Program

> Residency & Citizenship is approved within 60 to 90 days
> Passports are issued within 3 to 4 months
> Grenada allows dual citizenship
> All nationalities eligible
> Passports issued to the investor, their spouse, dependent children up to age 30 and parents (Includes children, regardless of age, having a mental or     physical disability)
> No need to visit or reside before, during and after citizenship is granted
> “The principal reasons we live in Grenada is the island’s natural beauty, including the lush mountainous rainforest and stunning beaches, the                   temperate climate with cooling trade winds, the fact that Grenada lies below the hurricane belt and, most important, the warm-hearted people who           have welcomed us into their lives.”
> Citizenship and passports pass onto future generations
> Grenada offers a great place to visit/live, it enjoys good infrastructure and pleasant climate
> No language requirement, age, educational requirements, or interview
> Drive on the left, everybody speaks English
> No foreign income, capital gains, gift, and inheritance tax
> The tax rate on local income for residents is 30%, for non-residents: 15%.
> Citizens have the right to attend schools/universities with free or reduced tuition rates
> Founded as an independent School of Medicine in 1976, St. George’s University, the premier choice in Caribbean Medical Schools, has evolved into       a top centre of international medical education, drawing medical school students and faculty from 140 countries to the island of Grenada. And                   includes veterinary science … Some 6000 international students every year!
> Visa-free travel to plus 140 countries
> Including the UK (Up to 180 days) EU Schengen countries (Up to 90 days in every 180 day cycle)
   China (Up to 30 days)
> Right to live, invest/start a business, study and travel in the USA (E2 treaty VISA)

E2 VISA

The E2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a business in the U.S. and reside there. Once Grenadian citizenship is acquired the E2 visa is obtained. More and more persons wishing to migrate to the USA follow the E2 route instead of the EB5 VISA which is now USD 900 000 plus fees. The E2 VISA is renewed every five years. After the first cycle application can be made for permanent residency. This can then evolve into USA citizenship after 5 years.

Tax Benefits

> Grenada has no inheritance tax
> The personal income tax allowance is EC$36 000 (US$13 333) per annum. From EC$36,000
   to EC$60,000, the income tax rate is 10%; above this it is 28%. (2019)
   Conversion Rate: USD 10 000 : ECD 27 000 (June 2020)
> Corporate tax – 28%

The Economy & Currency

Grenada is referred  as the ‘spice island’: cinnamon, cloves, ginger, mace and especially nutmeg (depicted on the national flag) are important exports. Other crop exports include bananas, cocoa, soursop (a kind of custard apple), avocados, root vegetables and maize. Fishing is also significant. The main industries are textiles and clothing, construction and food and drink.

The island’s economy is transforming into a service-based economy. Tourism is the main source of foreign exchange and revenue from St. George’s University is also significant. The development of an offshore financial industry has also contributed to economic growth.

The Grenadian economy recovered relatively quickly from the 2008 recession. GDP growth has remained positive since 2013, hitting a high level of 7.34% in 2014 and, though it has declined slightly since, was still on a healthy 4.83% in 2018. The success of the tourism and construction industries have been major contributors to the continued growth.

Pre-conditions for Applicants

Applicants for the Grenada Citizenship by Investment Programme must meet the following:

> Be at least 18 years old and of good character
> Have no criminal record and pass a background check
> Be able to provide proof of source of funds

Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents or grandparents. Each and every applicant, including all family members must be approved individually by the Government of Grenada through a strict due diligence procedure.

Do I need a visa to travel to Europe?

Citizens of Grenada do not currently need a visa for Europe to travel to any of the Schengen passport-free countries for stays of up to 90 days. This is because of a short-stay visa waiver agreement signed between the EU and the Caribbean country in 2015. Although Grenadians do not need a visa to visit Europe for under 90 days, it will be necessary to apply for an ETIAS visa waiver from Granada once this electronic travel authorization is implemented by the end of 2022. An approved ETIAS for Grenadian citizens is a multiple entry travel authorization which allows the holder to visit any of the territories in the Schengen Area for 90 days with each entry, within every 180-day period. It is valid for 3 years from the date of approval, meaning there is no need to submit an ETIAS application before every trip to Europe.

Can I work in Europe with ETIAS Visa?

An approved ETIAS from Grenada permits the holder to travel to all of the Schengen Area territories for multiple short stays, for purposes of transit, tourism, business, or medical treatment.

It is not possible to undertake paid employment in Europe with an ETIAS for citizens of Grenada. Grenadian nationals who attempt to work in the Schengen Area while travelling with an approved ETIAS are liable to have their visa waiver revoked, as this would break the conditions under which the ETIAS was issued. Grenadian passport holders seeking employment in Europe are required to apply for a Schengen work visa or work permit from an embassy or consulate of the individual Schengen country where they wish to work

Is Grenada a good place to live?

The principal reasons we chose Grenada are the island’s natural beauty, including the lush mountainous rainforest and stunning beaches, the temperate climate with cooling trade winds, the fact that Grenada lies below the hurricane belt and, most importantly, the warm-hearted people who have welcomed us into their lives

Do they speak English in Grenada?

The official language in Grenada is English. There are also two other languages recognized in Grenada: Grenadian English Creole, and Grenadian French Creole. The languages spoken in Grenada reflect this island’s history and migration of people to the island. The French were the first to colonize the island

Today, a governor-general is Queen Elizabeth II’s representative in each of the 15 of the 16* Commonwealth countries in which she is head of state: Antigua and Barbuda, Australia, Belize, Barbados, Canada, Grenada, Jamaica, New Zealand, Papua New Guinea, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, …

Drive on the Left

Drivers in Grenada drive on the left-hand side of the road. Visitors not accustomed to this should be extra cautious when driving on the island’s highways and roads. unpaved: 440 km (1999 est.)

Where do they drive on the left side of the road?

Most areas of the world which were formerly British colonies still drive on the left-hand side of the road including Australia, the Caribbean, India and South Africa. Japan also drives on the left

E2 VISA USA

The E-2 Investor Visa allows an individual to enter and work inside of the United States based on an investment he or she will be controlling, while inside the United States. … The investment must be “substantial.” Investor visas are available only to citizens of certain countries.

As Grenada holds an E2 Visa treaty with the USA, Grenadian citizens can apply for an additional US residency visa by making a business investment in the US. There is no fixed amount set by the government, but it is recommended that applicants invest a minimum $120,000 upwards and become at least a 50% shareholder in the company. The process will take roughly 3 months and applicants will be issued with a 5-year US residency visa with unlimited renewals. This route is fast becoming more popular than the direct EB5 programme.

Higher Education

It may not be common knowledge that Grenada is home to St Georges University, a private university renowned for its medicine, nursing and veterinary medicine degrees. The university is affiliated with many other educational institutions, including the UK, USA, Canada and Australia, attracting students and faculty members from all over the world.  The best bit is that Grenadian Citizens receive a 90% Grenada Partnership Award which means they only need to pay 10% of tuition fees for the university’s undergraduate programmes. This is a significant saving. To qualify, citizens must have resided in Grenada for 1 year prior to registration. A gap year before university could well qualify the student.

Family and Citizenship

Grenada is the only island in the Caribbean that will allow the main investor to include four generations under one application. Along with a spouse, dependent children and dependent parents, investors can also include dependent grandparents and any unmarried siblings. Inclusion of this many family members is rare, making this an extremely attractive choice for large families looking to get the best value for money.

China Access

Grenada is one of the select few countries in the world that hold a visa waiver with China, giving Grenadian citizens a 30-day stay permit. This is a big attraction for business people who may need to access China.

Tax Benefits

Citizens of Grenada do not pay capital gains tax, wealth tax or inheritance tax. They also do not pay tax on their worldwide income, making it a very tax-efficient destination for those that may be considering residing there.

Do I need a visa to travel to Europe?

Citizens of Grenada do not currently need a visa for Europe to travel to any of the Schengen passport-free countries for stays of up to 90 days. This is because of a short-stay visa waiver agreement signed between the EU and the Caribbean country in 2015. Although Grenadians do not need a visa to visit Europe for under 90 days, it will be necessary to apply for an ETIAS visa waiver from Granada once this electronic travel authorization is implemented by the end of 2022. An approved ETIAS for Grenadian citizens is a multiple entry travel authorization that allows the holder to visit any of the territories in the Schengen Area for 90 days with each entry, within every 180-day period. It is valid for 3 years from the date of approval, meaning there is no need to submit an ETIAS application before every trip to Europe.

Can I work in the Europe with ETIAS Visa?

An approved ETIAS from Grenada permits the holder to travel to all of the Schengen Area territories for multiple short stays, for purposes of transit, tourism, business, or medical treatment.

It is not possible to undertake paid employment in Europe with an ETIAS for citizens of Grenada. Grenadian nationals who attempt to work in the Schengen Area while traveling with an approved ETIAS are liable to have their visa waiver revoked, as this would break the conditions under which the ETIAS was issued. Grenadian passport holders seeking employment in Europe are required to apply for a Schengen work visa or work permit from an embassy or consulate of the individual Schengen country where they wish to work

Is Grenada a good place to live?

The principal reasons we chose Grenada are the island’s natural beauty, including the lush mountainous rainforest and stunning beaches, the temperate climate with cooling trade winds, the fact that Grenada lies below the hurricane belt and, most importantly, the warm-hearted people who have welcomed us into their lives

Do they speak English in Grenada?

The official language in Grenada is English. There are also two other languages recognized in Grenada: Grenadian English Creole, and Grenadian French Creole. The languages spoken in Grenada reflect this island’s history and migration of people to the island. The French were the first to colonize the island

Today, a governor-general is Queen Elizabeth II’s representative in each of the 15 of the 16* Commonwealth countries in which she is head of state: Antigua and Barbuda, Australia, Belize, Barbados, Canada, Grenada, Jamaica, New Zealand, Papua New Guinea, St Kitts and Nevis, St Lucia, St Vincent, and the Grenadines, …

Drive on the Left

Drivers in Grenada drive on the left-hand side of the road. Visitors not accustomed to this should be extra cautious when driving on the island’s highways and roads. unpaved: 440 km (1999 est.) 

Where do they drive on left side of road?

Most areas of the world which were formerly British colonies still drive on the left-hand side of the road including Australia, the Caribbean, India, and South Africa. Japan also drives on the left

E2 VISA USA

The E-2 Investor Visa allows an individual to enter and work inside of the United States based on an investment he or she will be controlling, while inside the United States. … The investment must be “substantial.” Investor visas are available only to citizens of certain countries.

As Grenada holds an E2 Visa treaty with the USA, Grenadian citizens can apply for an additional US residency visa by making a business investment in the US. There is no fixed amount set by the government, but it is recommended that applicants invest a minimum of $120,000 upwards and become at least a 50% shareholder in the company. The process will take roughly 3 months and applicants will be issued with a 5-year US residency visa with unlimited renewals. This route is fast becoming more popular than the direct EB5 program.

USA E2 – EB5 Investor Visa
The popular USA EB5 Investor Visa is now experiencing allocation delays for certain countries. The EB5 visa is limited to a maximum of 7% from any one country and 10,000 applicants per year. Oversubscribed countries can use up any balance from under-subscribed countries. But now, while it is so popular any unsubscribed balance is limited, causing backlogs for the most popular countries.

The EB-5 delays are mostly Affecting Chinese, Indian and Vietnamese applicants with waiting time currently up to 14 years for Chinese applicants, 7 years for Vietnamese, and over 5 years for Indian applicants. Other countries have no waiting time as they fall below the 7% threshold each year.

Whilst the EB-5 backlog dilemma continues, many potential applicants are searching for alternative ways in which they can gain US residency through investment.

An alternative programme which is becoming increasingly popular is the E2 Investor Visa. To apply, applicants must be citizens of a country that already holds an E2 Visa treaty with the USA. India and China are two countries that are excluded from E2. However, by first becoming a citizen of Grenada, applicants can then apply for the E2 Visa programme. Grenada holds an E2 treaty with the USA and is not limited with the current EB5 backlog.

The E2 visa is granted for 5 years and can be renewed every subsequent 5 years indefinitely, providing the visa holder complies with the E2 rules. To obtain an E2 visa, applicants must make a “significant investment” into a US business. Significant, meaning at least a 50% interest and the business investment can be as little as $100,000 into a franchise, for example.

To gain both Grenadian Citizenship and US residency, applicants would be looking at a total investment of approximately $500,000 and costs, investing $350,000 in Grenada (One can resell the property after 5 years and retain full Grenada citizenship rights) and another $100,000 in the USA (plus fees in both countries). So not only is the E2 visa a far quicker route to US residency for many nationalities, but it is also achievable at a comparable cost to the EB-5 programme, which is currently set at $900,000 in designated USA areas. It is $1,8 million if the investor wishes to invest without restrictions. The entire Grenada citizenship – VISA E2 process could be completed in  6-12 months.

After the initial E2 VISA has been put into place the individual and family could apply under the EB5 rules without the delays and this would lead to a green card and ultimately USA citizenship.

Higher Education

It may not be common knowledge that Grenada is home to St Georges University, a private university renowned for its medicine, nursing, and veterinary medicine degrees. The university is affiliated with many other educational institutions, including the UK, USA, Canada, and Australia, attracting students and faculty members from all over the world.  The best bit is that Grenadian Citizens receive a 90% Grenada Partnership Award which means they only need to pay 10% of tuition fees for the university’s undergraduate programmes. This is a significant saving. To qualify, citizens must have resided in Grenada for 1 year prior to registration. A gap year before university could well qualify the student.

Family and Citizenship

Grenada is the only island in the Caribbean that will allow the main investor to include four generations under one application. Along with a spouse, dependent children, and dependent parents, investors can also include dependent grandparents and any unmarried siblings. Inclusion of this many family members is rare, making this an extremely attractive choice for large families looking to get the best value for money.

China Access

Grenada is one of the select few countries in the world that hold a visa waiver with China, giving Grenadian citizens a 30-day stay permit. This is a big attraction for business people who may need to access China.

Tax Benefits

Citizens of Grenada do not pay capital gains tax, wealth tax, or inheritance tax. They also do not pay tax on their worldwide income, making it a very tax-efficient destination for those that may be considering residing there.

Where is Grenada located?

Grenada is located in the Caribbean Sea at the following coordinates: 12°03′N 61°45′W. This means that Grenada is twelve degrees and three minutes north of the Equator.

May I apply for citizenship with my family?

Yes, you may apply for citizenship with your wife or husband, dependent children, and dependent parents. Fees for family members vary according to the number of family members included in a citizenship application.

Do I need to visit Grenada as part of the citizenship application process?

No, you do not need to visit Grenada before, during, or after the application process.

Must I renounce my current citizenship and passport to receive Grenadian Citizenship?

No, Grenada allows dual citizenship, and you thus do not need to renounce any other citizenship or passport.

When will I receive Grenadian citizenship following an application through the Citizenship by Investment Programme?

Your application for Citizenship by Investment will be approved within 60 business days of submission (subject to a satisfactory due diligence check and the funds being received). You may apply for a passport shortly after. Passports are issued within days of the request.

For how many years is a Grenadian passport valid?

All Grenadian passports are valid for five years

How do I renew my passport once it expires?

Grenadian passports can be renewed in the Grenadian Consulate in London, or directly through the Grenadian Passport and Immigration Office.

How can I be sure that my passport will be renewed upon expiry?

Under Grenadian law, citizens are entitled to a passport. This means that citizens cannot be denied a passport and thus that your passport will be renewed.

How does Grenadian citizenship help my child’s education?

Grenada is home to the best United States offshore university – St George’s University. It is one of the finest medical, veterinary, and arts and sciences schools, and graduates train in some of the top hospitals in the United States and the United Kingdom. It is internationally accredited and currently has 6,000 students for over 140 countries.

What is the Commonwealth of Nations?

The Commonwealth of Nations often referred to as the Commonwealth, and formerly known as the British Commonwealth, is an intergovernmental organisation of 54 independent member states. Queen Elisabeth II, the current Queen of the United Kingdom, is the titular head of the Commonwealth of Nations.

How does Grenada being a part of the Commonwealth of Nations help me?

Being a citizen of a member of the Commonwealth of Nations brings several benefits. For example, you will be able to travel easily across member states, you will be protected by the embassies and commissions of other member states across the globe, and you will be eligible for certain sporting activities (the Commonwealth Games).

How is Grenada’s economic outlook?

Grenada’s economy is expanding in the tourism, agriculture, and manufacturing sectors. As part of the Eastern Caribbean Central Bank and currency system, its currency is stable, secure, and tied to the United States dollar. Business can also be conducted in United States dollars. There are no taxes on the repatriation of profit.

THE PROCESS FOR GRENADA CITIZENSHIP BY INVESTMENT

The Process

The first step in applying for citizenship is choosing an Authorised International Marketing Agent (The SMARTeam) Applications for citizenship may not be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC) and must only be handled by agents. Applicants working with the Authorised International Marketing Agent will liaise with an Authorised Local Agent. Applicants may not contact Authorised Local Agents directly.

An ‘Authorised Local Agent’ is someone who has been granted a Local Agent’s license by the Minister and who is authorized to act on behalf of the main applicant with respect to his or her application.