Grenada citizenship by investment

Grenada is an island nation in the eastern Caribbean Sea. Its neighboring countries include Saint Vincent and the Grenadines to the north, Barbados to the northeast, Trinidad and Tobago and Venezuela to the south and Curacao to the west.

The capital, St. George’s, hosts international airport and the hugest port in the country. Tourists are largely attracted by mild warm climate, unique destinations, kayaking, diving, and surfing opportunities.

The country possesses developing economy. The most significant sectors of economy are tourism, agriculture, and investments from the citizenship program.

Grenada is a member of Commonwealth community, which allows free access to UK market and free travel within the Schengen zone. Also, Grenada has membership in the Caribbean Community (CARICOM), and the Organization of Eastern Caribbean States (OECS).

There are three types of banks in Grenada: local banks under the auspices of Eastern Caribbean Central Bank (the official currency is the Eastern Caribbean Dollar (XCD), international banks, and offshore banking. Businesses, that are registered in offshore zone, enjoy tax-free regime. Offshore banking attracts businessmen, as it offers tax efficiency, privacy, and financial flexibility.

Real Estate Prices

• Apartments and Condominiums: In the capital, St. George's, and popular resort areas like Grand Anse, apartment and condominium prices start at $250,000. These properties are often located in modern residential complexes offering amenities such as pools, fitness centers, and beach access.
• Houses and Villas: The cost of houses and villas in Grenada varies depending on location and ocean views. Villas with sea views or those situated on hills can range from $500,000 to several million dollars. For example, luxury villas in prestigious areas like Pralong Road or Lance aux Épines are often priced between $1,000,000 and $3,000,000.
• Land Plots: For those looking to build their own home, Grenada offers a variety of land plots. Land prices depend on location and can start at $100,000 in less developed areas, reaching several hundred thousand dollars for plots with ocean views or in popular regions. Grenada offers a citizenship-by-investment program that allows investors to obtain a passport. The minimum investment in real estate required for citizenship is $270,000. The investor must retain ownership of the property for at least five years.

The real estate market in Grenada is growing due to interest from international investors, particularly those seeking second citizenship.

The country offers attractive conditions for investors, including no capital gains tax and low rental income tax rates.

The real estate market in Grenada is expected to continue growing in the coming years. Investors are drawn by the political stability, favorable climate, and increasing popularity of the country as a tourist destination.

Who Can Obtain Citizenship

In addition to the primary applicant (investor), the following categories of individuals can obtain Grenadian citizenship through the investment program:

• The spouse of the primary applicant.
• Children under the age of 30, provided they are financially dependent on the primary applicant and are not married.
• Parents and grandparents of any age who are financially dependent on the primary applicant.
• Siblings of the primary applicant or their spouse, provided they are unmarried, have no children, are financially dependent on the primary applicant, and are over 18 years old.

All applicants must meet the program’s requirements and undergo a due diligence process.