Citizenship by Investment in Grenada

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship or permanent residence.

Applicants may only make two types of investments to obtain citizenship or permanent residence:

1. They must make “a payment into the National Transformation Fund;” or
2. They must make “a payment towards an approved project in Grenada”

One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Currently, these projects encompass real estate developments such as hotels, villas, and resorts. Because of the growth of the tourism industry, there is rising demand for tourist housing facilities. Real estate developments are thus fantastic opportunities for investors looking for high returns.

Applicants opting for the approved project (real estate) route must invest at least USD 220,000. They must keep the real estate for at least five (5) years following the grant of citizenship

Silversands Grenada – Secure Grenadian citizenship with an investment in luxurious property

In the last twenty years, Grenada’s economy has shifted from agriculture to the provision of services. Its largest exports include nutmeg, of which Grenada is the world’s second-largest producer, cocoa beans, fish, and wheat flours. Core export destinations include the United States, Switzerland, Germany, the Netherlands, and Canada. Other spices produced for export include mace, cloves, and cinnamon. Exported fruits and vegetables include bananas and citrus fruits.

Grenada’s tourism sector is greatly expanding, with the island continuing to take more and more shares of the market for Caribbean tourism. Much of this expansion is due to foreign direct investment, as foreign business persons choose to invest in Grenada’s growing popularity with visitors and leisure travellers. The nation relies heavily on tourism to earn foreign currency.

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