Grenada citizenship opens up new opportunities. For US citizens seeking greater global mobility and access to investment options, Grenada’s citizenship-by-investment program offers a range of unique benefits.
Lyle Julien, Investment Programs Expert at Immigrant Invest, we will explain how Americans can benefit from obtaining a Grenada investment citizenship, as well as the requirements and process for acquiring it.
What is Grenada Citizenship by Investment Program?
The citizenship-by-investment program in Grenada offers fast naturalisation. Launched in 2013, the program allows foreign nationals to become citizens of Grenada by financial investments. It is well-regarded for its simplicity and numerous benefits for international investors.
Citizenship can be obtained within eight months. To acquire citizenship, applicants can make a non-refundable contribution to the National Transformation Fund (NTF) or invest in government-approved real estate. This program offers a quick and transparent process, making Grenada a top choice for high-net-worth individuals.
8 Benefits of Grenada Citizenship for US Citizens
1. Increased global mobility. Grenadian passport holders can travel visa-free to many countries. This significantly expands travel options compared to holding only a US passport.
2. Grenada dual citizenship is allowed. Grenada permits dual citizenship, which means US citizens can keep both their US and Grenada passports without renouncing their US citizenship.
3. Tax advantages. Grenada does not impose taxes on wealth, gifts, inheritance, foreign income, or capital gains, creating favourable conditions for global investors.
4. Family inclusion in the application. The program allows applicants to include their spouse, children, and parents, making it a suitable option for families seeking second citizenship.
5. No residency requirements. To obtain citizenship, there is no need to reside in Grenada before or after gaining citizenship, offering flexibility for those who are not planning to relocate.
6. Political stability and safety. Grenada is a politically stable country with a growing economy, providing a secure environment for living and investment.
7. Investment opportunities. Grenada’s economy, particularly its tourism and real estate sectors, continues to grow, creating excellent opportunities for those looking to invest profitably.
8. Access to quality education. Grenadian citizens can benefit from high-quality education systems both locally and internationally, with regional agreements offering additional advantages for students.
Grenada Citizenship by Investment Program Requirements for Americans
Applicants must meet certain criteria to apply. The main requirements for obtaining citizenship through investment include:
- being at least 18 years old;
- making a qualifying investment;
- having no criminal record;
- being in good health;
- passing a thorough background check.
Due Diligence is an essential part of the process. Each application undergoes a security check to meet the country’s standards of safety and legality. This helps maintain the program’s high international reputation.
Investment Options
There are two investment routes. US citizens can choose between the following options to obtain Grenadian citizenship.
National Transformation Fund (NTF) donation. A non-refundable contribution of $235,000 for a single applicant. This donation supports national projects in Grenada.
Real estate investment. Applicants must invest a minimum of $270,000 in government-approved real estate. The property must remain in the investor’s ownership for at least five years, after which it can be sold.
Both options come with additional government fees. These vary depending on the number of applicants and family members included in the application.
How Can Americans Get a Caribbean Second Passport
The process for acquiring a Caribbean passport for Americans is simple and takes a few months. Here are the key steps:
- Choose an investment option. First, the applicant decides whether to make a donation to the NTF or invest in real estate.
- Submit the application. All required documents are submitted through an authorised agent. This includes proof of investment, identification documents, and other necessary forms.
- Undergo Due Diligence. A background check is conducted on all applicants and their dependents listed in the application.
- Receive approval. Once the application is approved, the investment is made, and the government grants citizenship.
- Obtain the passport. After receiving citizenship, applicants can apply for and receive their Grenadian passport.
Conclusion
Grenadian citizenship offers many benefits for US citizens. It provides an opportunity to obtain a second passport, improve mobility, and take advantage of favourable tax conditions. Grenada offers flexible terms, a fast process, and attractive investment opportunities for those seeking to expand their global presence.