The Grenada Citizenship by Investment (CBI) programme was established in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, also known as the ‘Grenada Citizenship by Investment Act, 2013.’ The objective of the Act is to enable foreign nationals to acquire citizenship of Grenada by registration following investment in Grenada via the Real Estate option or Donation option.
Grenada is a member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States, and the country is becoming a top choice of destination for high-net-worth investors seeking a second passport.
Grenada citizenship by Investment (CBI) programme is the most valued in the world, not only that, it is ideal for individuals, nuclear and extended families, with the option to include children with ages up to 29, parents, and unmarried siblings in the same application.
Applicants (Principal Applicant (PA) and Dependents) for the Grenada CBI programme must go through a rigorous screening, review, and documentation process. The Documentation Timeline (DT) is two (2) weeks and the Processing
Timeline (PT) is between 180 – 250 days which is solely dependent on changes in immigration policies.
BENEFITS OF GRENADA CBI
- 1. Global Mobility – Visa-free travels to over 143 countries including ALL countries in the European Union (EU), China, Hong Kong, Singapore, UK
- 2. Dual Citizenship – Ability to hold multiple citizenships
- 3. Flexible Application – Addition of dependents to a single application – Dependent children from the age of 29 and below, dependent parents and grandparents of age 55 and above, and dependent siblings (Unmarried)
- 4. No Residency Requirement – Neither a citizenship interview nor physical presence in Grenada is required. Your passport would be delivered to you in Nigeria
- 5. Citizenship for Life – The Principal Applicant and their family benefit from the advantages granted through citizenship for generations to come, and the citizenship is generational.
- 6. Systematic Taxation – Applicants benefit from the tax-efficient system. No global income tax, wealth tax, or inheritance tax
- 7. Wealth Advancement and Preservation – an opportunity to own a Real Estate investment in Grenada and an option to get your investment back after 5 years
INVESTMENT OPTIONS
- 1. National Transformation Fund (NTF)
- 2. Real Estate
REQUIREMENTS
- 1. Applicants must undergo a medical screening
- 2. Proof of source/channel of funds