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April 1, 2024
5 min

How to get Grenada Golden Visa: a Comprehensive Guide

Brittany Collins

The Grenada citizenship by investment program was launched in 2013. Since then, wealthy people can obtain the country’s passport by contributing $150,000 to the National Transformation Fund or purchasing real estate for at least $220,000. The whole process takes only 4—6 months.

If you’re wondering how to get a Grenada golden visa, this comprehensive guide is for you.

How to get Grenada Golden Visa: a Comprehensive Guide

How to get Grenada Golden Visa: a Comprehensive Guide

Understanding the Grenada Golden Visa Program

Golden Visa program is a program that allows a wealthy individual to obtain Grenada citizenship by investment.

How does the program work? You must make substantial financial contributions directly to government-approved real estate projects or donations towards national development funds like the National Transformation Fund (NTF). Successful applicants gain a passport and economic stability in Grenada.

Why choose Grenada? Grenada is a beautiful country with friendly locals and a favorable tax environment. Unlike many similar programs worldwide, there’s no need for you or your family members to reside in or even visit Grenada during the application process — making it all more convenient.

How to get Grenada Golden Visa

Grenada not only has beautiful nature but a pleasant climate as well. The air temperature in the country doesn’t fluctuate drastically throughout the year. On average, it is always around 26 °C

Investing in Grenada for Citizenship

Grenada offers two investment options for acquiring citizenship, each with its requirements and benefits.

Donating to the National Transformation Fund (NTF). Make a non-refundable contribution starting from $150,000 to the NTF. It is a government initiative to boost the country’s economy through infrastructure development and tourism promotion.

Investors also pay Due Diligence and other fees.

Expenses under the Donation to the NTF Option

Single applicant

A couple

A family of 4

A family of more than 4 people

Investment

$150,000

$200,000

$200,000

$200,000

+ $25,000 per parent over 55 or child starting with the fifth family member

+ per parent under 55

+ $75,000 per sibling

Application fee

$1,500

$3,000

$6,000

$1,500 per person

Processing fee

$1,500

$3,000

$6,000

$6,000

+ $500 per person under 18

Due Diligence

$5,000

$10,000

$5,000 per person over 16

$5,000 per person over 16

Investing in government-approved real estate. Invest $220,000+ in designated real estate projects that include luxury hotels, villas and resorts. Maintain the investment for at least four years before selling it off. Under this option, you can get a financial return.

Additional Expenses under the Purchase of Real Estate Option

Single applicant

A couple

A family of 4

A family of more than 4 people

Application fee

$1,500

$3,000

$6,000

$1,500 per person

State fee

$50,000

$50,000

$50,000

$50,000

+ $25,000 per parent over 55 or child starting with the fifth family member

+ per parent under 55

+ $75,000 per sibling

Processing fee

$1,500

$3,000

$6,000

$6,000

+ $500 per person under 18

Due Diligence

$5,000

$10,000

$5,000 per person over 17

$5,000 per person over 16

Both options stimulate growth and create jobs in sectors such as construction and hospitality. In exchange, investors gain global mobility and contribute positively to enhancing local communities' livelihoods.

Documents Required for the Grenada Golden Visa

Getting the Grenada Golden Visa is not hard, but you must be smart about it. Work with an authorized local agent to make sure you get everything right. They’ll help you with the paperwork and submit it to the Citizenship by Investment Committee.

The basic package of documents includes:

  • a completed government form with your details;

  • certified copies of your passport or other ID;

  • no criminal record certificate;

  • bank statements;

  • medical certificates confirming you’re healthy.

After you’ve gathered all the required documents, you can file an application.

Step-by-step Process of Obtaining Grenada Passport

1

2—4 weeks

Collection of documents

The certified lawyers provide you with a list of documents you must collect. The Grenada authorities may require additional papers.

All documents must be in English or have certified translations and be notarized.

2

1 day

Submission of application

The gathered documents are sent to the Grenada citizenship by the investment unit.

3

3—6 months

Due Diligence

The Grenada authorities check you against international databases. This process can take from 3 to 6 months. If additional documents are required, it may extend.

4

Up to 1 month

Approval and investment

If your application is approved, you must make your chosen investment and pay government fees. Proof of investment needs to be provided to the Citizenship by the Investment Committee.

5

1 day

Oath of allegiance

After the investment is verified, you must take the oath of allegiance. You can take the oath at a Grenada embassy, consulate, or in Grenada itself.

6

Up to 4 weeks

Issuance of passport

Once the oath is taken, you’ll receive a registration certificate and a passport.

The typical processing time for a Grenada Golden Visa application ranges from four to six months. This timeframe starts once all required documents have been submitted to the Citizenship by Investment Committee.

Although every situation is distinct, it can take more time to process an application due to different reasons like authentication or extra documents.

Requirements for Investors and Their Families

If you’re applying for Grenada citizenship by investment, you must fulfill several requirements:

  • be over 18;

  • have no criminal record or prosecution;

  • have good health;

  • be capable of confirming the legality of their income.

Investing in the Grenada Golden Visa program isn’t just about you. Your family can also benefit from this opportunity to secure secondary citizenship without visiting the island.

You can include your spouse, dependent children under 30, financially dependent parents over 55, and even siblings in your application. Each member must pass thorough background checks similar to those conducted on the main applicant.

Benefits of Holding a Grenadian Passport

The Grenada Golden Visa program not only provides an opportunity to obtain Grenada citizenship but also comes with a myriad of benefits.

Tax advantages. Grenada offers its citizens attractive tax environments, especially those with dual citizenship. You are exempt from foreign income, wealth, gift, inheritance and capital gains tax. It can be particularly beneficial if your home country has high taxation rates.

Visa-free travel. A Grenadian passport opens the world to its holders by offering visa-free travel or visa-on-arrival access to over 140 countries worldwide, including the UK, the USA, Canada, China and the Schengen Area.

Safe haven. Having multiple passports allows one to move to another place with no restrictions. It is important in case of any instabilities in your country of origin.

Social services access. You can access the government’s social services, like healthcare and education facilities, just like any other citizen would.

Economic opportunities. With your new status as a single applicant turned citizen through the Grenada Golden visa program, you’ll find it easier to do business across borders due to fewer trade barriers associated with being part of economic communities like CARICOM.

In addition, the real estate investment option presents growth opportunities. You could choose to invest in luxurious resorts on petite martinique or other prime locations within the island, thereby growing personal wealth while contributing to the local economy’s development.

Voting rights. You can vote in local elections and help shape the country’s future.

Disqualifications from Applying

Not everyone can be a part of the Grenada Golden Visa program, and there are some reasons.

Domestic and international risks that may lead to disqualification. If you’re involved in criminal activities, terrorism, or anything harmful to Grenada, you are not eligible. The Citizenship by Investment Committee will conduct a thorough background check to ensure you meet Grenada’s ethical standards.

Consequences of providing false information during application. Inaccurate information will lead to immediate disqualification and legal consequences. It includes fraudulent documentation about your investment source or amount.

Other factors like health status and financial stability could also affect your eligibility. It’s best to consult with an authorized local agent before applying.

Conclusion

Invest $220,000+ in Grenada’s real estate or donate $150,000+ to the National Transformation Fund to secure secondary citizenships for you and your family and enjoy the tax advantages and power of a Grenadian passport.

Besides tax advantages, the Grenada passport also provides visa-free travel to 140+ countries, access to social services, an opportunity for business expansion and much more.

Frequently Asked Questions

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