Grenada is a Caribbean island that gained its independence from the United Kingdom in 1974 and which today has 110 thousand inhabitants, in an area of only 344 km2. They speak English there and the country’s capital is St. George’s. In 2013, the Government decided to relaunch its Citizenship by Investment Program – one of the most expensive in the Caribbean with, however, the greatest advantages offered to those who opt for it – after suspending it some time ago.
The Citizenship by Investment Program of Grenada is attractive for two reasons: it is possible to travel, with a passport from Grenada, to 135 countries without needing a visa and offers great options for receiving the United States’ E2 visa. In addition, the subject of taxation attracts a lot of attention, since there are no taxes on income, inheritance or wealth in Grenada.
The government accepts all applications without restrictions; however, it reserves the right, after an in-depth investigation, to accept applications or not.
Options
Grenada’s Citizenship by Investment Program considers two options: making a donation to the governmental National Transformation Fund and carrying out a real estate investment. In the case of a donation, the amount sent to the Grenada National Transformation Fund must be 200 thousand dollars by the investor, whereas in the citizenship by real estate investment option, purchasing property in Grenada for a minimum value of 350 thousand dollars is necessary, and this property cannot be sold for a period of at least 4 years.
Costs
Through a donation (an investor)
- Donation to the National Transformation Fund: US$ 150,000
- Due diligence fees: US$ 5,000
- Governmental Processing fee: US$ 1,500
- Application fee: US$ 1,500
- Passport Issuance: US$ 275
- Sworn Statement fee: US$ 18.60
- Bank and courier delivery charges: US$ 650
- Additional bank charges: US$ 89.43
- Caporaso & Partners fees: US$ 30,000
- 1% charge to local bank for trust: US$ 2,000
Total to be paid: US$ 241,033.03
Through a donation (an investor plus spouse)
- Donation to the National Transformation Fund: US$ 200,000
- Due diligence fees for the investor: US$ 5,000
- Due diligence fees for spouse: US$ 5,000
- Governmental Processing fee for investor: US$ 1,500
- Governmental Processing fee for spouse: US$ 1,500
- Application fee for investor: US$ 1,500
- Application fee for spouse: US$ 1,500
- Passport Issuance for investor: US$ 275
- Passport Issuance for spouse: US$ 275
- Sworn Statement fee: US$ 37.20
- Bank and courier delivery charges: US$ 650
- Additional bank charges: US$ 172.37
- Caporaso & Partners fees: US$ 30,000
- 1% charge to local bank for trust: US$ 2,000
Total to be paid: US$ 249, 409.57
Through a donation (an investor, spouse and 2 minors under 12 years)
- Donation to the National Transformation Fund: US$ 200,000
- Due diligence fees for investor: US$ 5,000
- Due diligence fees for spouse: US$ 5,000
- Governmental Processing fee for investor: US$ 1,500
- Governmental Processing fee for spouse: US$ 1,500
- Governmental Processing fee for first minor: US$ 500
- Governmental Processing fee for second minor: US$ 500
- Application fee for investor: US$ 1,500
- Application fee for spouse: US$ 1,500
- Application fee for first minor: US$ 1,500
- Application fee for second minor: US$ 1,500
- Passport Issuance for investor: US$ 275
- Passport Issuance for spouse: US$ 275
- Passport Issuance for first minor: US$ 275
- Passport Issuance for second minor: US$ 275
- Sworn Statement fee: US$ 74.40
- Bank and courier delivery charges: US$ 650
- Additional bank charges: US$ 238.34
- Caporaso & Partners fees: US$ 35,000
- 1% charge to local bank for trust: US$ 2,000
Total to be paid: US$ 259,072.74
Through a purchase of real estate (an investor)
- Real estate investment: US$ 350,000
- Due diligence fees: US$ 5,000
- Governmental Processing fee: US$ 1,500
- Application fee: US$ 1,500
- Sworn Statement fee: US$ 18.60
- Bank and courier delivery charges: US$ 650
- Additional bank charges: US$ 439.45
- Government Fees: US$ 50,000
- Caporaso & Partners fees: US$ 30,000
- 1% charge to local bank for trust: US$ 3,650
Total to be paid: US$ 443,033.05
Through a purchase of real estate (an investor, plus spouse)
- Real estate investment: US$ 350,000
- Due diligence fees for investor: US$ 5,000
- Due diligence fees for spouse: US$ 5,000
- Governmental Processing fee for investor: US$ 1,500
- Governmental Processing fee for spouse: US$ 1,500
- Application fee for investor: US$ 1,500
- Application fee for spouse: US$ 1,500
- Passport Issuance for investor: US$ 275
- Passport Issuance for spouse: US$ 275
- Sworn Statement fee: US$ 37.20
- Bank and courier delivery charges: US$ 650
- Additional bank charges: US$ 522.37
- Government Fees: US$ 50,000
- Caporaso & Partners fees: US$ 30,000
- 1% charge to local bank for trust: US$ 3,650
Total to be paid: US$ 451,409.57
Through a purchase of real estate (an investor, spouse and minors under 12 years)
- Real estate investment: US$ 350,000
- Due diligence fees for investor: US$ 5,000
- Due diligence fees for spouse: US$ 5,000
- Governmental Processing fee for investor: US$ 1,500
- Governmental Processing fee for spouse: US$ 1,500
- Governmental Processing fee for first minor: US$ 500
- Governmental Processing fee for second minor: US$ 500
- Application fee for investor: US$ 1,500
- Application fee for spouse: US$ 1,500
- Application fee for first minor: US$ 1,500
- Application fee for second minor: US$ 1,500
- Passport Issuance for investor: US$ 275
- Passport Issuance for spouse: US$ 275
- Passport Issuance for first minor: US$ 275
- Passport Issuance for second minor: US$ 275
- Sworn Statement fee: US$ 74.40
- Bank and courier delivery charges: US$ 650
- Additional bank charges: US$ 588.34
- Government Fees: US$ 50,000
- Caporaso & Partners fees: US$ 35,000
- 1% charge to local bank for trust: US$ 3,650
Total to be paid: US$ 461,062.74
