Grenada’s citizenship by investment (CBI) program was begun in 2013. Since then, the country’s CBI has become one of the top-rated in the world. Like all CBI programs, Grenada’s enables investors to gain a second or third citizenship to provide more options for themselves and their families.
Citizens by investment programs are ranked based on several factors including the types of visa-free travel they allow, the immigration vetting process, the quality and security of the investments, and the time it takes to process citizenship applications.
Under the Grenada CBI program, applicants have the option to make a $200,000 non-refundable donation to the country’s National Transformation fund or they can purchase at least $350,000 in pre-approved real estate. New citizens can then sell their Grenada real estate after only three years.
Applications for Grenadian citizenship must be done through an authorised agent but there is no need to personally visit Grenada. In addition, the country doesn’t require physical residency or a particular educational background. Another factor in the Grenada CBI is the speed of the process. Their streamlined application process takes approximately 90 business days.
For many international investors, the most important feature of a CBI program is its ability to grant access to more of the world’s key markets. That’s where Grenadian citizenship particularly shines as it allows visa-free travel to more than 120 countries, including the UK, Russia, and China. Grenada has a visa waiver agreement with China that allows a 30-day stay. It is only one of six countries in the world that is able to provide that benefit.
For investors interesting in doing business in the US, being able to live in the US and operate a business through the USA E-2 Investor Visa makes the Grenada CBI an ideal choice. It is the only country to provide this option which opens the door for their citizens to live and invest inside the United States. Grenada does not its citizen’s tax foreign income or have any inheritance, gift, wealth, or capital gains taxes.