Second Passport for Grenada

Popularly known as the Spice Island for its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean. The sublime scenery is just one of the many reasons to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities have fortified Grenada’s status as the preferred destination of many high net worth investors.

Why Choose Grenada?

Grenada recognizes dual citizenship, meaning investors can still benefit from their current passports. The Grenadian Citizenship by Investment Program offers the following prime benefits:

Fast processing within four months.
Inclusion of dependent children under 30, or children with physically or mentally challenged living with and fully supported by the main applicant.
Inclusion of dependent siblings of the main applicant or spouse who have no children and are under 18.
Inclusion of dependent parents.
No physical residency requirements.
No requirements to travel to Grenada during the application process.
No interview, education or management experience required.
Visa-free travel to over 125 countries, including Europe’s Schengen zone.
The E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.
No tax on worldwide income.

Qualifications for the Grenada Second Passport

The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada’s pilot scheme allows qualified investors and their family members to apply for citizenship and benefit from visa-free travel.

In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which together with strong performances in construction and manufacturing, have also contributed to growth in national output.

As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing. Through the implementation of the program, the government also hopes to create investment opportunities that will bring about sustainable employment.

To qualify for citizenship, applicants must fulfill one of the investment options below in addition to the following criteria:

Be of outstanding character.
Hold no criminal record.
Have excellent health.
Have a high personal net worth.

Investment Options for the Grenada Second Passport

1. Real Estate Investment

With its economy shifting from agricultural-dominant to service-dominant, one of the most viable options for foreign nationals is an investment in a preapproved real estate project.

Mount Cinnamon

The Mount Cinnamon Resort is situated on a lush hillside almost two miles from the Grand Anse beach, a beach recognized by many as one of the most beautiful beaches in the world. Looking towards the historic capital of St. George’s, the resort sets the tone for an irresistibly elegant, yet intimate, relaxed beach hideaway.

An award-winning destination, Mount Cinnamon is the most successful development under Grenada’s Citizenship by Investment Program, having attracted more than 80 percent of all investment applications.

Comprising of 22 gorgeous, privately owned villas on 23 acres of freehold land, Mount Cinnamon is currently adding 250 new residences as well as new luxury facilities thanks to the CBI Program. Investors may sojourn at the resort for a period of 10 days per calendar year.

Applicants must invest a minimum of US$350,000, which must be maintained for a minimum of four years. This reduced investment amount means our valued investors take on less risk. The minimum amount includes the main applicant, the main applicant’s spouse and two qualifying dependents.

An extra US$25,000 is required for each additional dependent. Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required with the post-approval contribution.

Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required with the post-approval contribution.

The opportunity to own shares of Mount Cinnamon is an invitation to become a citizen of Grenada, begin a long and fruitful relationship with the island and its culture, and contribute to its future.

2. National Transformation Fund Donation

Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up-to four people, the requirement is set at US$200,000. An extra donation of US$25,000 is required for each additional dependent.

Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required with the post-approval contribution.

Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required with the post-approval contribution.

Permanent Residency Certificates

The permanent residence status has been removed entirely from the citizenship by investment process. As a result, the government has ceased issuing PR cards and certificates. Updates for an alternative form of national ID will be communicated when received.

Your Next Steps to Acquire Your Desired Second Passport

My Visa Source taps into the growing market for global citizenship on behalf of willing investors.

Begin your Second Passport process by calling us at 1-888-509-1987 or filling out a quick online assessment form.

Our team will follow up with you in less than 24 hours. We’ll arrange all the details you need to secure this valuable privilege and you can do everything from the comfort of your own home.

Book a personal consultation to speak with an award-winning immigration lawyer over the phone, or in-person at our downtown Toronto and Vancouver offices.

We’re open 6am-9pm PST & EST, 7 days a week and are ready for video and phone consultations.

112,523 (2020)

Population Growth: 0.46%

14,100 USD

GDP (per capita)

GDP (purchasing power parity)

1.511billion USD

80

Visa free countries

Location

Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, north of Trinidad and Tobago

Capital

Saint George's

Difference

UTC-4

Total Area

344 sq. km.

Age Demographics

0-14: 24.15%, 15-24: 15.55%, 25-54: 40.36%, 55-64: 10.10%, 65+: 9.84%

Language

English (official), French patois

Religions

Roman Catholic: 44.6%, Protestant: 43.5% (includes Anglican: 11.5%, Pentecostal: 11.3%, Seventh Day Adventist: 10.5%, Baptist: 2.9%, Church of God: 2.6%, Methodist: 1.8%, Evangelical: 1.6%, Other: 1.3%), Jehovah's Witness: 1.1%, Rastafarian: 1.1%, Other: 6.2%, None: 3.6%

Government Type

Parliamentary democracy (Parliament) and Commonwealth realm

Currency

East Caribbean dollars (XCD), tied to USD

Exchange Rate

1 USD = 2.7 XCD (2019)

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...

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Second Passport for Grenada: Citizenship by Investment

Why Choose Grenada?

Qualifications for the Grenada Second Passport