Grenada Citizenship by Investment for a Family

For those interested in obtaining citizenship of a Caribbean country, Grenada remains the only option in 2023. Other "golden passport" programs in the region have suspended applications from Russian nationals due to sanctions, while Grenadian citizenship remains accessible.

Choosing the Investment Program

This was precisely the option Alexander chose, planning to secure a second citizenship for himself and his family (his spouse, son, and elderly parents). Initially, he considered several options, including investments in European countries, but ultimately, after consultations, he opted for a Grenadian passport. The most important factors for him were:

• In European countries, investments only grant a residence permit, with the prospect of obtaining citizenship after five to ten years, while in Grenada, investors gain citizenship immediately.
• No language exam or permanent residency in Grenada is required to obtain the passport.
• The investment amount (starting at $220,000 USD for real estate) was fully acceptable to Alexander, as it’s lower than in many other investment programs.
• Real estate investment for citizenship offers a return on investment in five years, while also serving as a source of additional rental income during that period.
• Becoming a tax resident of Grenada allows both individuals and businesses to reduce tax expenses.

Another key advantage of this citizenship-by-investment program is the minimal risk of rejection. As we work with this program regularly, our specialists are highly knowledgeable in document preparation and application submission and have accumulated extensive experience interacting with Grenadian government authorities.

Thus, for Alexander, who did not plan to live in his second country of citizenship but wanted more opportunities for visa-free business travel and to provide comfortable conditions for his family, Grenada became the optimal choice.

The Cost of Obtaining Grenadian Citizenship

Travel to Grenada is not required to obtain its passport, as we handle all documentation remotely. Of the two investment options (a non-refundable donation to the national fund or the purchase of a hotel share), Alexander chose the latter. We found a suitable option—a share in an operational hotel complex at one of Grenada’s resorts. To secure his passport through investment, Alexander paid the following:

• $220,000 in real estate investment,
• $75,000 in government fees (since his application included four people besides himself—his child, spouse, and two parents),
• $8,000 in application and processing fees,
• $10,000 in due diligence fees.

Thus, the total cost was $93,000 in non-refundable expenses and $220,000 in investments, which he will be able to recover after five years.

After a preliminary review and discussion with Alexander, our lawyers prepared all necessary documents for the application and submitted them to the Grenadian Citizenship Department. The required paperwork included passports, documents verifying family ties, bank statements, and income details.

The due diligence check conducted by the Grenadian Citizenship Department took about four months, with no additional requests or clarifications required. Four months later, the application was approved, and Alexander completed the real estate investment. Another four weeks later, he and his family received their Grenadian passports.

Throughout the process, he didn’t need to spend time or money on travel to another country. Now, with a second citizenship, Alexander’s family can visit over 140 countries visa-free and enjoy the other benefits described.

If you, too, dream of obtaining second citizenship, contact us, and we’ll help make this dream a reality.