Grenada, located in the Caribbean, is a Commonwealth Country that has been independent since 1974. Its population of approximately 110,000 people is spread across three main islands: Grenada, Carriacou and Petite Martinique. Often referred to as the Isle of Spice, Grenada is one of the largest exporters of nutmeg in the world.
In 2013, Grenada introduced its Citizenship By Investment (CBI) program as an inexpensive and fast path to a second citizenship. With no residency requirement, applicants can receive their Grenadian passport in as little as 3 months. Passport holders can travel visa free to more than 125 countries including the U.K, China, Singapore, and Europe’s Schengen area.
Since the country holds an E-2 treaty with the United States, obtaining Grenadian citizenship allows investors and their families the option to also obtain residency in the U.S. within one year through the purchase or creation of a business.
With one of the most recently created Citizenship by Investment (CBI) programs, Grenada has seen an increasing number of applicants year after year. The country raised USD166 million in 2019, which was 13% more than in 2018.
The National Transformation Fund (NTF) focuses on developing Grenada’s economy by investing in key industries. The application requires a non-refundable contribution of USD 150,000 for a single applicant or USD 200,000 for a family of up to 4.
The second option involves a minimum investment of USD 220,000 in a government approved real estate project, plus a non-refundable contribution of at least USD 50,000. The property investment can be sold after 5 years.
In the event there are more than 4 family members in total on an application, an additional USD 25,000 contribution is required for each additional person for both the NTF and real estate options.
The application, which should verify the applicants do not have a criminal record, are in good health, and are not involved in any activity that is likely to cause disrepute to Grenada, is processed exclusively through a licensed, government-approved agent.
Independent since 1974, Grenada is a British Commonwealth Country
Population of approx 110,000 people across three main islands: Grenada, Carriacou and Petite Martinique
Dual citizenship is accepted
Travel to Grenada is not required during application
The application is submitted to the government and an approval is received within 90 days. The applicant can, then, make the investment and wait for the citizenship documents to be issued. There is no need to be present in the country at any step of the application.
APPLICANT APPOINTS AGENT
COMPLETE OFFICIAL FORMS
EXECUTE PSA & MAKE INITIAL PAYMENTS
SUBMISSION TO CBI & PROCESSING
GOVERNMENT FEES & PROPERTY PURCHASE
CERTIFICATE OF REGISTRATION & PASSPORT
Grenadian citizens can apply for the E-2 non-immigrant investor visa and obtain U.S. residency by making a substantial investment (minimum USD 150,000) in a U.S. business in which the investor owns at least 50% “developing and directing” the business.
E-2 visas can be processed in as little as 6 weeks from submission of a business plan. Spouses are eligible to work anywhere in the U.S. and unmarried children up to the age of 21 can study in the U.S.
Learn more about the E-2 investor visa here.
The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.
If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.
LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.