Grenada

Grenada is a sovereign state in the southeastern Caribbean Sea consisting of the island of Grenada and six smaller islands at the southern end of the Grenadines island chain. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Famous for its tropical climate, modern lifestyle, and business friendly environment, which make it attractive for investors. English is the official language.
  • Southeastern Caribbean Island
  • Local Citizenship
  • Donation or Property Investment
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Government and Regime
Grenada is a parliamentary representative democracy and an independent Commonwealth realm. It is governed under a multi-party parliamentary system whose political and legal traditions closely follow those of the United Kingdom. Jurisprudence is based on English common law. Citizens enjoy a wide range of civil and political rights guaranteed by the constitution.
Landscaping
Grenada, by name Isle of Spice, is an island of the West Indies, lying in the eastern Caribbean Sea about 160 km north cost of Venezuela. It has oval shaped and framed by a jagged southern coastline. The capital, St. George, is the yachting and charter-boat centre of the eastern Caribbean. Grenada is volcanic in origin, with a ridge of mountains running north and south - the landscape is scenic, with fairly deep steep-sided valleys and extensive forest.
Investment
To qualify for Grenada Citizenship, investors shall choose one of the two ways:
I) Donation to the National Transformation Fund. This is a cash donation.
2) Property Purchase
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N.B: The passport and Citizenship certificates are issued to you via courier once the balance of professional fees is settled.

Procedure
The citizenship by investment requires the applicants to acquire documents as follows:
  • Procedure 1
    Open Borders will pre-screen your passport copy for government pre-approval to ensure processing.
  • Procedure 2
    A down payment of professional fees will be required to open your application.
  • Procedure 3
    Open Borders will assist and advise you with the collection of the documents required in the checklist.
  • Procedure 4
    Once you submit your application you need to pay due diligence fees in addition to government fees into the authorized account.
  • Procedure 5
    Due diligence report is issued to the government who will make a decision. If application is rejected by the government, the investor will be refunded accordingly.
  • Procedure 6
    Citizenship certificate and passport are issued in your name.

Grenada Passport Visa free and visa-on-arrival countries

Andorra
Antigua and Barbuda
Argentina
Armenia
Austria
The Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Benin
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Chile
China
Colombia
Costa Rica
Croatia
Cuba
Cyprus
The Czech Republic
Denmark
Dominica
The Dominican Republic
Ecuador
Estonia
Fiji
Finland
France
Gabon
The Gambia
Georgia
Germany
Greece
Guyana
Haiti
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Jordan
Kenya
Kiribati
Kyrgyzstan
Laos
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Malta
Mauritius
Micronesia
Monaco
Montenegro
The Netherlands
Norway
Panama
Peru
The Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Senegal
Seychelles
Singapore
Slovakia
Slovenia
The Solomon Islands
South Korea
Spain
Sri Lanka
Suriname
Swaziland
Sweden
Switzerland
Tanzania
Trinidad and Tobago
Turkey
Uganda
The United Kingdom
Uruguay
Vanuatu
Vatican City
Venezuela
Zambia
Zimbabwe

Please note: The list of Grenada visa-free countries is subject to change depending on each government’s policy.

There are two options of qualifying contribution for the Grenada Citizenship-by-Investment Program:

1) A cash donation to the National Transformation Fund (NTF).

For a family of four:

Donation, USD 200,000

Additional child up to 26 years of age, USD 25,000

Dependant parents aged under 65, USD 50,000
Dependant parents aged over 65, USD 25,000
2) Real Estate

Investment in real estate through one of the Government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land. USD 350,000 is the minimum value of investment qualifying you and your family under the real estate option. The investment is subject to a minimum holding period of four (4) years.

For a family of four:

Investment, USD 350,000
Government Fees, USD 50,000
Additional child up to 26 years of age, USD 25,000
Dependant parents aged under 65, USD 50,000
Dependant parents aged over 65, USD 25,000
In addition, there are other costs associated with both options:
Processing fees per person, USD 1,500
Processing fees for dependents up to 18 years, USD 500
Processing fees for dependents aged 18+, USD 1,500
Application fees per person, USD 1,500
Due Diligence per person, USD 5,000
Due Diligence for children aged 0-12, No fee
Due Diligence for children aged 12-17, USD 2,000
Due Diligence for children aged 18+, USD 5,000
DEPENDENTS

18 – 26 Years may be considered a dependent provided they are fully dependent on main applicant and studying full time for a higher education.

Parents above 65 years may be considered a dependent, provided they are fully dependent on main applicant.

Open Borders CBI professional fees, official application forms, certificates of citizenship & passports, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.

Total Area
344 sq km

Population
107,600

Ethnic Groups
Predominantly African descent with East Indians, Lebanese/Syrians and Chinese

Currency
Eastern Caribbean dollar (ECD)

Languages
English & local dialects

Exchange Rate
USD 1.00 = 2.70 ECD
(June 2018)

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