The Grenada citizenship by investment program was launched in 2013. The program rules are provided in the Grenada Citizenship by Investment Act No. 15/2013.
Investors contribute $150,000 to the state fund or buy real estate for at least $220,000 to obtain Grenada citizenship. Real estate investments can be returned in 5 years.
$150,000
Investment amount
4-6 month
Obtaining period
2nd citizenship
5 years
Visa-free travel to the UK, the Schengen countries and China
Grenada citizens allows visa free entrance to 144 countries, including the UK, the Schengen states, Singapore and Hong Kong. A visa-free stay in China is up to 30 days.
Grenada citizens can qualify for an E-2 visa to the USA, which allows them to live and work in the country. Applicants establish or buy a business in the United States. The minimum investment amount isn’t, but at least $100,000 is usually required. Most foreigners can apply only for an EB-5 visa, which requires at least $800,000 of business investment.
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Cosmopolitans with the Grenada passport can get a B-1/B-2 tourist visa to the USA. It allows the holder to travel around the country, attend business meetings and get medical treatment in American clinics for up to 180 days a year.
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Investors often register international companies in Grenada to reduce tax payments and avoid currency control restrictions in transactions with foreign partners. Moreover, it helps protect the investor’s privacy as the personal data of the beneficial owner isn’t entered into the commercial register.
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Grenada doesn’t have taxes on global income, dividends, interest or royalties received from other countries. There are no taxes on inheritance, capital gains, income and stamp duty. Companies follow different rules, but they are still more beneficial in Grenada than in many other countries.
Applicants who choose to contribute to the National Transformation Fund should note that it is non-refundable.
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