Live & Work in the USA with GRENADA PASSPORT
Located at the southern tip of the Lesser Antilles in the West Indies, Grenada is a tropical island paradise that features a mountainous interior ringed with 121 kilometers of coastline and beautiful white sand beaches. Also known as the “Spice Island” Grenada is famous for the production of spices – especially nutmeg. The two paths to obtain Grenada citizenship by investment include:
- Purchase government approved real estate for a minimum price of $220,000 with five year holding period.
- Qualify by making a nonrefundable minimum contribution of $150,000 into the National Transformation Fund.
The Grenada citizenship program permits extended family members of the main applicant or the spouse of the main applicant to apply as dependents. This includes newborns plus dependent children age 30 and below without the need to be enrolled in full time education or children over 30 years old (if disabled). Furthermore, unmarried, childless siblings over 18 years old and parents or grandparents of any age are eligible.
Grenada Citizenship Benefits
- Grenada citizens are eligible to apply for the US E-2 visa after a three year residency period in Grenada.
- As a citizen of the British Commonwealth you may receive assistance at British Embassies and consulates, plus preferential treatment inside the UK.
- Enjoy the right to live and work in any of the CARICOM countries.
- Right to indefinite stay within the independent countries of the Organization of Eastern Caribbean States (OECS).
- Pay no tax on international income, no wealth tax and no inheritance tax.
- There are no offshore asset disclosure requirements e.g. FBAR.
- The Grenada Citizenship By Investment Act of 2013 is ingrained in the Grenada constitution.
- Established in Grenada since 1977, St. George’s University has US accredited medical programs plus veterinary, arts and science education facilities with over 7,000 students from 140 different countries.
- There is no requirement to ever visit the island in order to obtain or retain Grenada citizenship.
- Grenada citizenship by investment does does not have any nationality restrictions.
- There is no personal interview requirement during the application process.
- Enjoy visa free or visa on arrival access to over 144 destinations including China, United Arab Emirates, Russia, EU, UK and the Commonwealth Nations plus Hong Kong.
- The application process is completely confidential with no requirement to notify your country of origin.
- The legal system is based on English Common Law.
- English is the national language with no language fluency requirements.
Grenada Real Estate Option
To support the Grenada tourism industry, Grenada citizenship by investment allows applicants to qualify by investing a minimum of $220,000 into a government approved real estate development. The investor is required to own the property for a minimum of 5 years, after which it can be sold while retaining Grenada citizenship in perpetuity. Investors may sell to new citizenship applicants which significantly increases the pool of potential buyers.
| Real Estate Program Fees | Amounts Due |
| Real Estate Investment | $220,000 irrespective of the number of applicants |
| Due Diligence | $5,000 main applicant $5,000 dependents (age 16 and over) $0 no charge dependents (under 16 years) |
| Government Fees | $50,000 main applicant $50,000 Main applicant + up to 3 dependents $35,000 additional dependent 18-30 years $25,000 additional dependent <18 years** $75,000 per dependent non married, childless sibling of main applicant or spouse of main applicant over 18 years of age* $50,000 per parent/grandparent of main applicant or spouse of main applicant <55* $75,000 parent of main applicant or spouse of main applicant <55 family of five or more* |
| Share Registration Fees | $8,800 (share ownership only) |
| Legal Fees | $5,000 |
| Government Processing Fees | $1,500 main applicant $1,500 spouse $1,500 dependent (age 16 years and over) $500 dependent child (under 16 years) |
| Government Application Fees | $1,500 per person |
| Passport | $250 per person |
| Oath of Allegiance | $20 per person |
*Siblings, plus parents and grandparents below the age of 55 will always require these fees and cannot be included in the $50,000 government contribution for family of four. Additionally, Grenada no longer requires parents and grandparents be financially maintained by the main applicant or spouse.
**Includes children of the main applicant born within 12 months after citizenship was granted, they can be retroactively included for USD $25,000.
Grenada National Transformation Fund
The alternate path to Grenada citizenship is making a minimum nonrefundable $150,000 contribution into the Grenada National Transformation Fund (NTF). This option was created by the government in order to provide funding for important economic segments of the island’s economy including tourism, agriculture and alternative energy.
| NTF Program Cost | NTF Donation Amount |
| Investment | $150,000 single applicant $200,000 main applicant + up to 3 dependents $25,000 each additional dependent** $75,000 per dependent non married, childless sibling of main applicant or spouse of main applicant over 18 years of age* $50,000 per parent/grandparent of main applicant or spouse of main applicant <55* $75,000 parent of main applicant or spouse of main applicant <55 family of five or more* |
| Due Diligence | $5,000 main applicant $5,000 spouse $5,000 dependents (age 16 and over) $0 no charge dependents (under 16 years) |
| Government Processing Fees | $1,500 main applicant $1,500 spouse $1,500 dependent (age 16 years and over) $500 dependent child (under 16 years) |
| Legal Fees | $10,000 |
| Government Application Fees | $1,500 per person |
| Passport | $250 per person |
| Oath of Allegiance | $20 per person |
*Siblings, plus parents and grandparents below the age of 55 will always require these fees and cannot be included in the $50,000 government contribution for family of four. Additionally, Grenada no longer requires parents and grandparents be financially maintained by the main applicant or spouse.
**Includes children of the main applicant born within 12 months after citizenship was granted, they can be retroactively included for USD $25,000.
Professional fees may be required on NTF applications and will vary in relation to the number of dependents and the complexity of the application.
Grenada Citizenship Approval Process
- The investor enters into the professional service agreement with iGlobal and submits the professional retainer fee.
- (Real Estate Only) The investor completes the reservation forms and enters into a purchase and sale agreement for the property. Additionally, 10% down payment is collected.
- All of the application forms are completed and the supporting documents are collected.
- After thorough review by our legal team, the completed forms and supporting documents are submitted to the Grenada CBIU.
- Due diligence fees and all government fees are collected and submitted at this time.
- After submission, the application processing time is usually 3-4 months.
- Upon completion, the CBIU issues the application approval letter.
- The full investment amount is now submitted to the National Transformation Fund or real estate developer accordingly.
- The Grenada government procures the citizenship naturalization documents. Passport application fees are collected and the passport application is submitted to the department of immigration.
- After processing (2-3 weeks), the applicant’s passport(s) along with the naturalization documents are sent to the investor via a reputable delivery service.
US E-2 Visa
To apply for the US E-2 Visa, the applicant must be a citizen of a country with a bilateral investor treaty with the US. Grenada is one of the US E-2 treaty countries and therefore successful applicants under the Grenada citizenship by investment program are eligible to apply.
Effective January 1, 2023, please note that new legislation in the US now requires that Grenada citizens who obtained citizenship through investment must reside in Grenada for a minimum of three years before applying for the US E-2 visa.
The US E-2 visa requires applicants to invest a “substantial amount” with no set minimum into a US business. Additionally, the investment must equal at least 50% ownership in the business. If successful, the applicant can live and work in the US based on their investment.
- The E-2 Visa is valid for a five year period and can be renewed continuously as long as the investment still qualifies.
- The spouse of the Grenada citizenship E-2 visa applicant has open market employment opportunities in the US.
- Successful E-2 visa holders can reside and work in the US while their EB-5 permanent residence applications are pending.
- Applicants for the E-2 visa may convert their status to the EB-5 (green card) provided they meet the investment criteria.
- Processing time for E-2 visa is usually two months or less.
- Children (under 21 years) of the E-2 applicant can attend school in the US and may be eligible for in-state tuition.
- E-2 visa applicant and family members may be inside or outside the US during the term of the visa.
We have partnered with an E-2 visa specialist firm based in the US that offers turnkey business solutions for entrepreneurs who intend to use Grenada citizenship to obtain US E-2 visa approval. The US E-2 visa approval turn time is fast and with their turnkey solution, you could be living in the US within 2 months after you receive Grenada citizenship by investment.
Grenada Tax Information
As an applicant of the Grenada citizenship by investment program you do not need to be concerned with income tax on foreign income. Additionally, in Grenada there is no capital gains tax, wealth tax, inheritance tax or taxes on dividend income.
Domestic Income Tax
Citizens of Grenada will only pay personal income tax if the income is sourced domestically. The currency used on Grenada is the Eastern Caribbean dollar (XCD) which is pegged to the US Dollar at 2.7 XCD per 1 USD.
| Annual Income | Tax Rate |
| XCD 36,000 and under | Exempted |
| XCD 36,001 to XCD 60,000 | 10% |
| Exceeding XCD 60,000 | 28% |
Value Added Tax (VAT)
A VAT tax rate of 15% is charged on goods and services that are purchased in Grenada and goods/supplies imported into Grenada.
Business Tax
Resident companies must pay Grenada tax on business income. A company is resident if it is registered in Grenada or their main point of control is in Grenada. However, non-resident companies only pay Grenada tax on business income after they have established a branch in Grenada. If so, they pay tax on business/trade that is being conducted in Grenada. The tax rate on business income is 28%.
| Revenues Per Annum | Tax Rate |
| XCD 36,000 and under | Exempted |
| XCD 30,001 and above | 28% |
A company is also required to pay annual stamp tax on its gross receipts which includes revenues from rental income, dividend income, interest income, investment income, cost of materials from stocks, and sale or disposal of goods and services.
| Revenues Per Annum | Rate |
| XCD 300,000 and under | 0.5% |
| XCD 300,000 and above | 0.75% |
Property Transfer Tax
Those who buy or sell property by deed transfer in Grenada are required to pay transfer tax whether the transaction is a sale, gift or other method of disposition. *Note – the transfer of real estate held by share ownership does not attract transfer taxes. Additionally, property transferred by Deed of Gift is only taxable on the amount that exceeds XCD 150,000. Property dispositions by other means are taxed only on the amount exceeding XCD 20,000. The tax rates paid on the aforementioned amounts are as follows:
| Subject to Tax | Tax Rate |
| Seller (Grenada Citizen) | 5% non CBI property 2.5% CBI property |
| Seller (non citizen) | 15% |
| Buyer (Grenada Citizen) | 0% |
| Buyer (non citizen) | 10% |
| All Buyers | 1% Stamp Duty Tax |
