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CEOWORLD magazine - Latest - Special Reports - Report: Grenada Citizenship by Investment Programme, 2023

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Report: Grenada Citizenship by Investment Programme, 2023

Grenada

The Grenada Citizenship by Investment Program, established in 2013 under the Grenada Citizenship by Investment Act, encourages foreign investment in Grenada to advance renewable and sustainable development initiatives and further the growth of the tourism, construction, agricultural, and manufacturing sectors.

Grenada has no need for potential investors to meet any travel or residency requirements, thus making it a desirable choice.

  • Two investment options
  • Minimum investment amount: US$150,000
  • Application processing time: approximately 60 business days

Grenada’s Citizenship by Investment Program ranked 3rd in the Citizenship By Investment Index, 2023, by the CEOWORLD magazine.

Grenada

Grenada’s CBI Programme offers two investment options

  1. NATIONAL TRANSFORMATION FUND (NTF) : A single applicant must make a US$150,000 minimum donation to the NTF. This value increases as family members are added to an application.
  2. APPROVED REAL ESTATE PROJECT: Applicants can invest in an approved real estate project valued at US$350,000, or applicants can make a joint investment of US$220,000 each in an approved project in the Tourism Accommodation priority sector. All applicants who purchase Grenadian real estate must hold it for five years.

The CBI Programme from Grenada has become renowned all around the world, as a result of the careful due diligence procedures, including biometric information collection, stringent external due diligence, and support from international law enforcement agencies.

Grenada

Application processing time takes between four and six months, and the country does not require applicants to
fulfil travel or residence requirements, making it an attractive option for investors. The applicant’s spouse, dependant children, unmarried adult siblings, parents, and grandparents may be included in the main application, and it is not a requirement for the applicant to demonstrate proficiency in English, business experience or education during the vetting process.

All applicants, including their spouse, sponsors, and dependants 17 years of age and older are required to attend a mandatory interview as part of the Programme’s due diligence process.


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CEOWORLD magazine - Latest - Special Reports - Report: Grenada Citizenship by Investment Programme, 2023
Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.