Individuals who obtain citizenship through Grenada’s Citizenship by Investment Programme are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada.In addition, because Grenada is a member of the Caribbean Community (CARICOM), Grenadian citizens have the right to live in any other CARICOM member state.
Grenada offers its citizens social and political security, reinforced by its membership in the United Nations and the Commonwealth of Nations. Grenada’s local community is culturally vibrant, vivacious, and extremely friendly. Grenada has a long history, and locals are proud of their national heritage, which they celebrate throughout the year. Finally, Grenada is the perfect setting for both adventure and relaxation: its wildlife attractions, marine life, and national parks make it an exciting place to explore, while its super-yacht marina and pastel towns make it ideal for strolling and unwinding.
Holders of Grenada passports can currently travel to over 130+ countries and territories without the need for a visa or with a visa on arrival. These include the United Kingdom and all other members of the European Union, and important business hubs such as Singapore and Hong Kong. Grenada is one of very few nations whose citizens can travel to the People’s Republic of China without first obtaining a visa.
In addition, the E2 treaty with the United States “Investor Visa” for Grenada citizens allows an approved applicant to operate a substantial business and reside full time in the United States and be taxed only on USA sourced income. Read more about the E2 Investor Visa
Grenada is an independent state within the commonwealth of nations with it legal system is based on English Common Law. It is a member of the United Nations and its constitution allows for support freedom of speech and press.
Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax. There is no restriction on the repatriation of profits and imported capital. Generous incentive packages exist including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance. Grenada’s currency, the East Caribbean dollar (XCD), is pegged to the United States dollar (USD). Lastly, there is duty-free trading in the Caribbean.
Grenada has seven banks including Scotia Bank and Royal Bank of Canada. It offers a safe place to deposit funds with attractive interest rates. There are neither exchange controls nor restriction on the inward or outward transfer of US dollars. All investments are made and profits/capital gains are realized in US dollars.
Grenada is also home to St. George’s University, an American medical, veterinary and arts & science educational institution. Grenadian Citizens are entitled to 75% discount on tuition fees.
Grenada has no restrictions on its citizens having dual citizenship.
Non citizens of Grenada wishing to purchase property are required to obtain an Alien Landholding License and pay government taxes on the acquisition and disposition of more than 25% of the purchase and sale price. Grenadian citizens are exempt from such taxes and on disposition of real estate only pay a 5% conveyance tax property.
The application process is confidential, with no disclosure or exchange of information with other governments or bodies, except when due diligence checks are carried out as part of the application process. But rest assured that all checks are performed by an authorised due diligence agency.