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Grenada An attractive Investment Destination

Grenada, a tiny Caribbean Island and one of the smallest independent countries in the Western hemisphere is renowned as Spice Island. It is the southernmost island in the Lesser Antilles, positioned in the eastern Caribbean Sea, about 100 miles (160 km) north of Venezuela’s coast. Grenada is the world’s second-largest producer of nutmeg, following Indonesia, and is also notable for its production of mace, cinnamon, ginger, and cloves.

The majority of Grenada’s population is of African or mixed African and European descent. The capital city is St George’s, and the country covers an area of 348.5 square kilometres. It has a population of around 125,000 people. The official languages are English, Grenadian Creole English, and Grenadian Creole French. Grenada achieved independence within the Commonwealth and became a member of the United Nations in 1974. The main two religious’ affiliations on this island are distributed as follows: Protestant 49.2%, and Roman Catholic 36%.


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Grenada Climate

Grenada benefits from a year-round tropical climate with abundant sunshine. Additionally, the island attracts a continuous flow of visitors due to regular international flights connecting major cities such as Miami, New York, Atlanta, Toronto, London, Frankfurt, and various Caribbean destinations. The island’s picturesque landscapes encompass fertile valleys, rainforests, and mountain lakes, while its tropical climate and pristine beaches attract numerous tourists.

History of Grenada

Grenada’s history begins with Christopher Columbus sighting the island in 1498, but the indigenous Caribs hindered European colonization until French settlement commenced in 1650. The island became a subject of contention between England and France, eventually becoming permanently British in 1783. British colonists introduced African slaves and developed sugar plantations. In 1967, Grenada attained associated state status with Britain, gaining full internal self-government. Finally, in February 1974, Grenada achieved complete independence and became a full member of the Commonwealth of Nations. It was the first among the six West Indies Associated States to accomplish this feat. The original membership of the West Indies Associated States consisted of Antigua, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent.

Discover Grenada’s Economy

Thriving Agriculture, Vibrant Tourism, and Sustainable Economic Growth

Grenada’s economy relies heavily on agriculture, tourism, and fishing. The country is known for its diverse agricultural sector, with small-scale farmers cultivating crops such as cocoa, bananas, nutmeg, and mace. The government has taken a more active role in controlling agricultural associations. Tourism is a major contributor to the economy, with improvements in air transport and harbour facilities attracting visitors. Secondary industries provide additional employment opportunities, including clothing manufacturing and food processing. The United States is Grenada’s primary trading partner for exports and imports. The transportation system includes bus services, international airports, and a harbour with shipping services.

Why Grenada is a lovely place to live in or enjoy vacations?

Grenada is a paradise for beach lovers and outdoor enthusiasts. Its abundance of more than 45 stunning beaches offers an irresistible destination for beach lovers. The renowned Grand Anse is one of the most beautiful beaches in the Caribbean, featuring nearly two miles of pristine golden sand perfect for leisurely walks, refreshing swims, and snorkelling in crystal-clear waters. Additionally, visitors can relish captivating sunsets while enjoying a chilled beer or rum punch at one of the charming beachside establishments.

Grenada entices snorkelers and scuba divers with its clear waters, shallow bays, diverse dive sites, and the distinction of hosting the world’s first underwater art gallery. The island also offers opportunities for paddle boarding, kayaking, and tranquil bay explorations. Hiking enthusiasts can indulge in miles of picturesque trails across Grenada’s hilly and lush landscape. The island’s Outdoor activity organizers offer regular marked trail events, bringing together locals, expats, and visitors for lively walks or runs, followed by traditional dishes and drinks. Belmont Estate, a popular attraction, invites visitors to explore its gardens, witness cocoa cultivation and processing, and savour homemade goat’s cheese. The estate also houses one of the island’s finest restaurants, offering stunning views of the surrounding farmland and a diverse menu of traditional Grenadian delicacies.

Grenada’s Citizenship by Investment Program

Unparalleled Advantages for Global Mobility and Access

Grenada’s Citizenship by Investment Program, initiated in 2013, stands out as one of the few successfully operating programs worldwide. With a strong reputation and a rigorous due diligence process, Grenada ensures the integrity and effectiveness of its program. What sets Grenada apart is its unique offerings compared to other countries.

Why is Grenada attractive to investors?

Grenada provides visa-free access to China through its Citizenship by Investment Program. This opens valuable opportunities for business and travel in one of the world’s largest economies. Additionally, Grenada has established a significant advantage with its E-2 Investor visa treaty with the United States. This treaty enables Grenadian passport holders to enter, invest, and work in the United States without substantial restrictions.

The treaty with the US reinforces Grenada’s position as an attractive destination for global investors seeking enhanced mobility and access to international opportunities. Grenada provides a pathway to global connectivity and economic advantages through its Citizenship by Investment Program, making it an appealing choice for individuals seeking second citizenship.

Grenada Citizenship by Investment Program

Program Requirements for Grenada Citizenship by Investment

The Grenada Citizenship by Investment program offers two main options for investors to obtain citizenship.

  • The first option is to make a donation to the National Transformation Fund (NTF) with the following contribution amounts: $150,000 for a single applicant, $200,000 for a primary applicant with a spouse and two dependents, and an additional $25,000 for each additional dependent, regardless of their age.
  • Alternatively, investors can choose to invest in government-approved real estate. Option 1 requires a $350,000 investment for full ownership of an approved property. Option 2 allows investors to purchase shares in an approved real estate project at a minimum investment of $220,000 per share. The real estate investment must be held for a minimum of five years before it can be sold.

There are additional government fees for both donation and real estate options based on the number of dependents included in the application. A family of four (applicant, spouse, and two dependents) incurs a fee of $50,000, and an extra $25,000 is charged for each additional dependent, regardless of their age.

There are also various fees applicable to all investment options. An application fee of $1,500 is required for all applicants, and a due diligence fee of $5,000 is charged to conduct background checks for all applicants aged 17 and above. Additionally, processing fees amount to $1,500 for applicants aged 17 and above and $500 for applicants under 17.

Benefits of Grenadian Citizenship by Investment Program

  • Fast Processing Time: The citizenship application can be processed within a timeframe of 3 to 6 months.
  • No Proof of Business, Income, Education, or Language Requirement: Unlike other programs, Grenada’s citizenship does not require applicants to demonstrate their business, income source, education, proficiency in English, or undergo an interview.

Global mobility: Enjoy visa-free travel to over 127 countries, including the European Schengen States, the United Kingdom, China, Singapore, Hong Kong, and the United Arab Emirates, offering greater global mobility.

  • Family Inclusion: The opportunity to include children under the age of 30, siblings, and parents in the citizenship application, expanding the benefits of citizenship to immediate family members.
  • No Residency Requirement: There is no mandatory requirement to reside in Grenada, allowing flexibility in lifestyle and travel arrangements.
  • Dual Citizenship: Grenada permits dual citizenship, allowing individuals to retain their existing citizenship while enjoying the privileges of being a Grenadian citizen.
  • Lifetime Citizenship: Once granted, Grenadian citizenship is for life, providing long-term security and stability.
  • Minimal Taxation: Grenada imposes minimal taxation, with no wealth tax, gift tax, inheritance tax, foreign income tax, or capital gains tax, enabling financial freedom and wealth preservation.
  • Banking Privacy: Grenada maintains a system that ensures the confidentiality and privacy of its banking sector.
  • No Conscription: Grenadian citizens have no mandatory military conscription, offering freedom from compulsory military service.

These benefits make Grenadian citizenship an appealing option for individuals seeking an advantageous and secure passport with a range of privileges and opportunities.

Our team of experienced specialists at CBF provides professional assistance on various investment opportunities and the process of securing Grenadian Citizenship by Investment. We tailor solutions that cater to your unique circumstances and needs. To begin your journey towards Grenadian citizenship, reach out to our consultants in the U.A.E, Denmark, or Canada, and we will ensure to guide you through your investment and Grenada CBI process