Grenada, an island country in the eastern Caribbean, is popular among tourists because of its stunning natural scenery, vibrant culture, and rich history. The country offers its investors a powerful passport with visa-free travel opportunities. The Grenada citizenship by investment program attracts global investors by offering them low taxes and an opportunity to invest in its real estate and agriculture with a high return on investment.
Grenada – The Spice Island of the Caribbean
Grenada, formed by volcanic activity, is rich in soil, which is ideal for growing a wide variety of spices, including cocoa, mace, cinnamon, and, primarily, nutmeg, as its global producer. Hence, named “Spice Island”. The country can be a secure home to rich individuals seeking a safe Plan B due to its stable political and economic environment. Furthermore, the country is a member of the Commonwealth of Nations and the Caribbean Community (CARICOM), which enhances its global ties.
Grenada Citizenship By Investment Program Overview
The government of Grenada launched its citizenship by investment program in 2013 to attract Foreign Direct Investment (FDI) into the country. The program grants second passports to individuals, allowing them to live and work in Grenada along with their families, in exchange for a significant contribution to the economy of Grenada.
Grenada CBI Cost: Donation vs. Real Estate
To get a Grenada second passport, individuals can choose from Grenada investment options that include donations to the government or real estate investments in government-approved projects.
Grenada CBI by Donation to NTF
Grenada citizenship by donation to a National Transformation Fund is the cheapest investment option for getting a second passport, as this option requires a $235,000 one-time non-refundable donation along with other government fees. Under this contribution, the main applicant and 3 dependent family members can be included in the Grenada citizenship application. For inclusion of more family members, additional fees of $25,000 is required.
Grenada Real Estate Investment
The real estate investment option of Grenada citizenship by investment requires a minimum investment of $270,000 to purchase a share in the approved unit. The investment needs to be held for 5 years. However, the investment in approved projects starts with a minimum of $350,000, which also must be held for 5 years.
Requirements to Get a Grenada Second Passport
The individuals who want to qualify for a Grenada passport by investment must consider the following requirements.
- Applicants must be adults aged 18 or above.
- The applicant must pass a due diligence test, which includes background and criminal records checks.
- Must provide proof of investment to the authorities.
- Dependent family members, including spouse, children up to 30, parents, grandparents, and siblings, are allowed to be included in the application.
- No residency or language test is required.
E-2 Investor Visa Treaty with the US
The major reason behind global investors getting attracted to the Grenada golden visa is that Grenada is the only Caribbean CBI country with a U.S. E2 Visa Treaty. The treaty allows individuals to live and run their businesses in the United States, which, according to the statistics of March 2025, maintains a diverse business landscape with around 33.2 million businesses across many industries. The wealthy individuals, like entrepreneurs and businessmen, who want to set up or expand their businesses in the US, find the Grenada CBI as a golden ticket.
What Significant Benefits Does a Grenada Second Passport Offer?
Grenada CIP by providing the global investors with its strong passport offers them multiple benefits:
Global Mobility with a Strong Passport
Grenada passport holders can travel visa-free or visa-on-arrival to 145+ countries, including the UK, Singapore, China, Malaysia, and Russia. The Grenada passport by investment also grants them visa-free access to Europe’s 29 Schengen States, which provides them with travel mobility.
Low Tax Policies in Grenada
Grenada offers its investors favorable tax policies, i.e, no tax on worldwide income, inheritance, or capital gains for non-residents. This allows individuals to live their lives easily by managing their expenses efficiently.
Dual Citizenship Opportunity
Dual Nationality is allowed by the Grenada CBI, which means the investors can get citizenship of another country without giving up on their existing nationality, which is beneficial for people who want to enhance their portfolios by gaining multiple citizenships.
Family Inclusion
Grenada also allows its investors to include family members in the application of the Grenada CBI process, which provides them a chance to travel with their loved ones, including dependent children under 30, unmarried siblings, parents, and grandparents of the main applicant and spouse. However, additional fees is required for the inclusion of dependent family members.
Conclusion
Grenada citizenship by Investment is a better golden visa option for individuals seeking a perfect Plan B for global mobility and security, as it allows visa-free access to many countries, along with the opportunity to live and work in the United States. The investment requirement is also not very expensive compared to many other CBI program costs. Hence, individuals who are thinking of traveling to another country with their families by getting an affordable passport should consider the Grenada second passport as the best choice in 2025.
