Economic, Financial & Tax

What are the specific advantages for Investors in Grenada?

The main advantages for investors in Grenada are:-

  • A very safe and friendly country
  • An efficient and uncomplicated process for Citizenship By Investment with a short 60 working day process time
  • A first class international airport, with full F.B.O facilities for private jets
  • A valid passport in the UK, China and the Schengen Countries
  • Access to over 120 countries without need for a visa
  • Citizenship in a country that is a Member of the Commonwealth of Nations, CARICOM, the Caribbean Economic Community and the Organisation of Eastern Caribbean States
  • Access to the E2 Visa treaty with the United States, the only Caribbean country with a CBI program to have same

How does Grenada being part of the Commonwealth help me?

There are many benefits to Commonwealth members such as easier travel between Member Countries, protection of all Members by other embassies and commissions around the world, eligibility for certain sporting activities (the Commonwealth Games).

How is Grenada’s economic outlook?

Grenada’s economic outlook is generally very good, with expansion occurring in tourism, agriculture and manufacturing. The Government is about to commence an oil and gas program in its territorial waters between Venezuela and Trinidad. Part of the Eastern Caribbean Bank and currency system, its currency is stable, secure and tied directly to the US$. Business can also be conducted in US$s. There is no exchange control or restrictions on the inward or outward transfer of  $US’s.

Will I be liable to any taxes in Grenada?

Under the terms of the Citizenship by Investment program you will not be liable to any income tax, capital gains tax or inheritance tax.

Do I need to renounce my current passport to receive Grenadian citizenship?

Under Grenadian law you do not need to renounce any other citizenship.

When do I receive the passport?’

Your application for Citizenship By Investment will receive a response within 60 working days of submission and if approved, your passport will be issued within 10 working days.

Do I need to visit Grenada as part of the passport application process?

You do not need to visit Grenada during application process.

As a Grenadian citizen where can I travel without a visa?

Grenadian citizens can travel without visa restrictions to many international and Commonwealth countries, including the U.K and China. Grenada is a member of the Schengen Treaty through the European Union, which enables Grenadian’s visa free travel throughout the E.U. In total there are approximately 120 countries and dependancies that Grenadian’s can visit without a visa. See page 33.

Are there any other benefits as a citizen of Grenada?

Grenada is part of the Commonwealth and therefore is part of a grouping, which is committed to the highest standards of law and justice, human and social rights and other internationally accepted practices. Grenadians can travel without restrictions throughout the Commonwealth.

How does Grenadian citizenship help my child’s education?

Grenada is home to the best US offshore University, St. George’s University. It is one of the best medical, veterinary and arts & sciences schools and graduates are trained in some of the best hospitals in the USA and UK . It is internationally accredited and currently has 6,000 students from over 140 countries.