The Grenada citizenship program for investment was launched in August 2013. Since then, the law on citizenship for investment has been changed four times, most recently on April 1, 2019.

The new amendments include:

1. Real Estate Investment has been reduced to 220,000 dollars USA as part of or co-investing in a share of at least 440,000 dollars USA and supporting real estate investment in Grenada for at least 5 years.

2. Withdrawal of permanent residence as a prerequisite for obtaining citizenship.

3. Dependent children between the ages from 18 to 30 no longer need to be enrolled in a higher education institution

4. Parents or grandparents over the age of 55 no longer need full support.

5. Secondary buyers of CBI properties in approved real estate projects can obtain citizenship.

Advantages of citizenship

• You don't have to visit the country to participate in the Grenada citizenship program, and you don't actually need to travel to the country to fill out an application. 
• Zero tax: there are no taxes on income, wealth, or inheritance on the island.
• The Grenada passport provides visa-free travel to more than 153 countries, including the UK, EU Schengen countries and China. Grenada also offers its citizens access to an E2 USA investor visa.
• Investor Visa E2
• The E-2 Investor Visa Agreement signed between Grenada and the United States allows citizens of Grenada to do business in the United States and reside there. Many countries around the world, including China and India, do not have an E-2 agreement with the United States. In such circumstances, investors can first obtain Grenada citizenship and then apply for an E2 USA visa. 

Requirements

• The main applicant must be 18 years of age or older.
• The main applicant must prove that he has sufficient funds to make the necessary investments, as well as confirm the legitimate source of these funds.
• The main applicant and dependent people don’t suffer from infectious diseases and/or serious health problems.
• not to be convicted in any country of a crime with a penalty of imprisonment for more than six months, unless he or she has received a free pardon.
• not subject to investigation.
• Not considered a potential threat to national security.
• Don’t participate in any activity that may harm Granada.

Dual citizenship

In Grenada, dual citizenship is recognized. You do not need to renounce your previous citizenship to become a citizen of Grenada.

Required documents

• Certified copy of the identity card
• Certified copy of your passport
• Medical certificate
• Original or certified copy of the marriage certificate (if any)
• Original or certified copy of the birth certificate (if any)
• Original police permit certificate
• Original bank reference sheet (no older than 6 months)
• Six photos with the size of the passport 
• Information about the source of funds
• Certificate with photo and signature
• Certificate of support for dependents
• Real estate purchase and sale agreement
• Proof of payment of processing fees and due diligence, non-refundable

Grenada citizenship is granted to individuals:

By birth: a child who was born in the territory of Grenada, regardless of the citizenship of his parents. The exception is a child born to certain diplomatic personnel.

By Origin: a person who was born abroad, at least one of whose parents is a citizen of Grenada.

Marriage: a foreigner who marries a Grenada Citizen can register for Grenada citizenship.

By naturalization: a naturalization certificate may be issued to any alien or person under UK protection, an adult (over 18 years of age) applying, provided that the person has resided in Grenada for 12 months continuously immediately preceding the date of application. Up to 12 months, this person lived in Grenada for 7 years (non-Caribbean nationals) or 4 years (Caribbean nationals).

Loss of citizenship 

Voluntary renunciation of Grenada citizenship is allowed. There is no specification of the grounds for forced loss of Grenada citizenship.