Opening a bank account in Grenada: basics

Post photo

Grenada is an excellent choice for business and investment in the Caribbean. Opening a bank account in Grenada is a simple process if you know the basics.

Choosing a bank

Choose a bank that best suits your needs and has a good reputation in the banking industry. There are several international banks operating in Grenada, such as Republic Bank Grenada Limited, Scotiabank Grenada and others.

Collecting the documents

Individuals need a passport, proof of address (such as a utility bill) and proof of income (such as a tax return or bank statement from another country).
Legal entities need proof of company existence, documents confirming the composition of directors and shareholders, documents disclosing a company's beneficiary, and a power of attorney for the account manager.

Filling in the application

Fill in a bank account application form and state what services you need.

Application evaluation

The bank will assess your documents and completed application, which can take up to several weeks.

Opening a bank account

If your application is approved, the bank will notify you that you can open your own bank account. You may need additional documents to complete the account opening process.

Opening a bank account in Grenada is a simple and efficient way to manage your finances in the Caribbean. Low currency risks and the availability of international banks make Grenada an attractive place to open an account for businesses and investors.

One World Migration's team of experts can help you with opening a bank account to make the process as quick and simple as possible.

Back to the blog

Another articles

Flooding in the UAE in 2024 - current situation
Flooding in the UAE in 2024 - current situation

The article provides an overview of the situation caused by the floods, including the measures taken by the government to deal with the disaster, as well as the current state of affairs in the affected areas.

Flooding in the UAE in 2024 - current situation
UAE - hotels, prices and a small overview
UAE - hotels, prices and a small overview

In this article we will offer you an overview of the best hotels in the UAE, understand the price categories and give you some tips to make your stay in these amazing places as comfortable and memorable as possible.

UAE - hotels, prices and a small overview
Sightseeing in Switzerland - what to visit first
Sightseeing in Switzerland - what to visit first

Prepare for a journey through castles, museums, unique nature reserves and other places, each with its own unique history and beauty.

Sightseeing in Switzerland - what to visit first
Choose the best option

Citizenship programs

All programs
Grenada Grenada
from $150,000
3-6 months
Obtaining Grenadian Citizenship by investment program grants the right to live and work in Grenada at all times, the right to vote in elections and all rights associated with membership of the Caribbean Community (CARICOM).
Learn more
Turkey Turkey
from $400,000
4-6 months
Cosmopolitans can get a second citizenship for investing in the country's economy from $400,000. There are five options to choose from: buying real estate, investment fund shares or government bonds, participating in the fixed capital of a Turkish company, opening a deposit in a Turkish bank.
Learn more
from $15,000
2+ weeks
Majestic skyscrapers, luxury hotels and shops, beaches and summer all year round. Building a business career in the UAE is prestigious.
Learn more
Discover new opportunities
For more information, the cost of services and an appointment for a personal consultation, please contact the company's representatives
Start applying for citizenship
Discover new opportunities