Why Choose Grenada Citizenship: 5 Reasons

Grenada is a Caribbean nation that has gained popularity among applicants due to its active Citizenship-by-Investment program. Compared to similar programs in European countries, Grenada offers several advantages: a lower entry threshold, no residency requirements, and the ability to immediately obtain citizenship rather than residency status.

The Grenada Citizenship-by-Investment Program has been successfully running since 2013, and over 11,000 candidates have already obtained citizenship. The passport application process takes no more than six months, and after five years, applicants can recover their investments while retaining their citizenship status, provided they choose a refundable investment option.

Who Benefits from Grenadian Citizenship?

Over the years, the majority of applicants for Grenada's Citizenship-by-Investment Program can be divided into several groups:

Global Citizens.

A Grenadian passport allows visa-free travel to over 143 countries, and for 86 more, only a visa-on-arrival or an e-visa is required. This appeals to frequent travelers, travel bloggers, and affluent individuals. A strong passport offers unparalleled freedom of movement, which is highly valued in today’s world.

Entrepreneurs and Wealthy Individuals.

Grenadian citizenship allows for tax optimization, reducing the overall tax burden. With a new passport, businesspeople can access Asian markets—China, Singapore, and Hong Kong—without needing a visa, providing ideal conditions for business deals. Grenadian citizens can also open accounts and conduct transactions in any international bank. The passport is particularly valuable for those seeking to travel to the U.S., as it provides the opportunity to apply for a 10-year B‑1/B‑2 tourist visa for short-term visits or an E‑2 business visa, allowing the entire family to relocate to the U.S.

Those Seeking Quality Education Abroad.

Grenadian citizens and their children gain priority admission and access to educational benefits at some of the UK's most prestigious universities and can apply for tuition discounts. Students can also travel to the U.S. for internships.

How to Obtain a Grenadian Passport via Investment

As in other countries, Grenadian citizenship can be obtained through naturalization, marriage to a local citizen, or family reunification. However, the fastest and easiest way to become a citizen of Grenada is through the Citizenship-by-Investment Program. The process typically takes 3 to 6 months. This option is only available through a licensed agent—self-application is not allowed.

The procedure for obtaining a passport via investment consists of several stages:

1. Preliminary Due Diligence Check.
2. Before the candidate applies to the program, GARANT.in conducts a mandatory due diligence check to assess the applicant's chances of success. If there is even a minimal risk of refusal, we inform the client and adjust the strategy accordingly, possibly selecting a different path to citizenship or withdrawing from the program altogether, depending on the results and the client's decision.
3. Document Collection, Preparation, and Submission.
4. Together with the client, we collect a full set of required documents, translate them, notarize them, and prepare them for submission to the program department. In addition, we complete government forms and prepare supporting documents. At this stage, the applicant pays the government fees and the due diligence fee, which is non-refundable regardless of the outcome.
5. Fulfilling the Investment Requirement.
6. Once the due diligence check is completed, the investor receives approval via email and can transfer the full investment amount from their account.
7. Issuance of Citizenship Certificate and Passport.
8. After the investment is made, the applicant receives a certificate of naturalization and their Grenadian passport at their designated mailing address.

All processes are handled remotely, with each stage overseen by GARANT.in’s licensed agents. There is no need for the applicant to visit Grenada or spend time there. There are also no language, culture, or history exams required, though the candidate may take them if desired, but they are not mandatory.

Key Benefits of Obtaining Grenadian Citizenship

Applicants seeking Grenadian citizenship are often motivated by the additional privileges that come with the new passport. Here are the top five reasons why investors choose Grenada for their second passport:

1. Visa-Free Travel Worldwide

Freedom of movement is one of the most valued assets in today’s world. Grenada ranks 33rd on the list of the world’s strongest passports, granting its citizens visa-free entry to 143 countries. The United Kingdom and the Schengen Zone are also part of the visa-free travel agreement. Grenadian citizens can spend up to 90 days in the Schengen Zone within any 180 days and up to 180 days in the UK per year.

Thanks to a bilateral agreement between Grenada and China, Grenadian citizens can stay in China for up to 30 days each year. Hong Kong and Singapore can also be visited visa-free, with a stay of up to 30 days in Singapore and 90 days in Hong Kong each year.

2. U.S. Visa and Relocation

Grenadian citizens can apply for a special 10-year B‑1/B‑2 tourist visa to the U.S. through a simplified process, which in some cases can take just two weeks.

Another highly sought-after visa is the E‑2 business visa, which is available only to citizens of countries with which the U.S. has a special treaty. Russian citizens currently cannot apply for this visa, but Grenadian citizens can. The E‑2 visa allows applicants to live and do business in the U.S., as well as include their spouse and children in the application. There are no restrictions on entering or leaving the country.

To qualify for the E‑2 visa, the applicant must invest in a U.S. business. This can be a stand-alone business or a franchise. The applicant must own at least 50% of the company or hold a managerial position. While there is no minimum investment amount specified, in practice, it typically starts at around $200,000.

3. High-Quality and Affordable Education in the U.S. and UK

Due to Grenada’s close economic and historical ties with the United States and the United Kingdom, Grenadian citizens are eligible for various educational benefits. For example, they can receive education at reduced rates in the UK and the U.S.

Grenada is also a member of the Commonwealth of Nations, allowing its citizens to apply for scholarships under the Commonwealth Scholarship Fellowship Plan (CSFP), which significantly reduces tuition costs even at the most prestigious UK universities.

Many top universities in Grenada partner with institutions in the U.S. and UK, such as St. George's University, a private medical school in Grenada. Its branches operate in both the U.S. and UK, offering students the opportunity to intern at leading hospitals in these countries. A degree from this university is recognized in 47 countries. Grenadian passport holders can apply for UK residency in just 3 days, directly from the UK. In contrast, Russian citizens must submit their application months in advance through the consulate in their home country.

4. Tax Advantages

Grenada’s tax residents are exempt from capital gains tax, inheritance tax, gift tax, royalties, dividends, and interest on deposits. Real estate taxes range from 0% to 0.5%.

Companies registered in Grenada as tax residents are exempt from taxes on dividends, interest, royalties, and capital gains. Global income is taxed at a rate of 28%. Some companies may qualify for tax incentives, especially those providing basic goods, and utilities, or involved in agribusiness.

Grenadian citizens also gain access to checking, deposit, savings, and other accounts in European and American banks, and can make transactions globally in various currencies. International bank accounts allow for faster transactions between partners, lower payment fees, and safer currency storage.

5. Second Passport for the Entire Family

When applying for Grenadian citizenship through investment, applicants can include a wide range of family members. It’s important to note that additional fees apply to each family member. The application can include a spouse, children (both biological and adopted), unmarried and childless siblings, and financially dependent parents and grandparents of either spouse.

Grenada is the only Caribbean country that allows applicants to include parents of any age. Other programs typically have age limits for parents of the main applicant or their spouse.

How Russians Can Obtain Grenadian Citizenship

At present, Grenadian authorities are not accepting applications from Russian citizens for the Citizenship-by-Investment Program.