Updated yearly, the Arton Index is an overall assessment and comparative benchmark of the country and its investment program.
111,219
Population Growth: 0.46%
14,100 USD
GDP (per capita)
GDP (purchasing power parity)
1.511billion USD
137
Visa free countries
LOCATION
Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, north of Trinidad and Tobago
CAPITAL
Saint George’s
DIFFERENCE
UTC-4
TOTAL AREA
344 sq. km.
AGE DEMOGRAPHICS
0-14: 24.15%, 15-24: 15.55%, 25-54: 40.36%, 55-64: 10.10%, 65+: 9.84%
LANGUAGE
English (official), French patois
RELIGIONS
Roman Catholic: 44.6%, Protestant: 43.5% (includes Anglican: 11.5%, Pentecostal: 11.3%, Seventh Day Adventist: 10.5%, Baptist: 2.9%, Church of God: 2.6%, Methodist: 1.8%, Evangelical: 1.6%, Other: 1.3%), Jehovah’s Witness: 1.1%, Rastafarian: 1.1%, Other: 6.2%, None: 3.6%
GOVERNMENT TYPE
Parliamentary democracy (Parliament) and Commonwealth realm
CURRENCY
East Caribbean dollars (XCD), tied to USD
EXCHANGE RATE
1 USD = 2.7 XCD
Grenada, known as the “Spice Island,” offers one of the most picturesque waterfronts in the Caribbean. As the only Caribbean island with an E-2 visa treaty with the United States of America, Grenadian citizenship provides investors with a seamless route to live and work in the US. With visa-free travel to China, Russia, the UK, and the Schengen area, citizens of Grenada enjoy increased global mobility and endless opportunities for their families and businesses.
Qualifications
To qualify for citizenship in Grenada, applicants must fulfill one of the investment options and meet the following criteria:
Be of outstanding character
Have no criminal record
Have no criminal record
Possess a high personal net worth
WHY CHOOSE GRENADA?
The Grenadian Citizenship by Investment Program offers the following prime benefits:
- Fast processing within 4 months
- Inclusion of dependent children under 30
- Inclusion of dependent parents or grandparents above 55 and/or unmarried siblings 18 years or older with no kids
- No physical residency requirements
- No requirements to travel to Grenada during the application process
- No education or managerial experience required
- Visa-free travel to over 130 countries, including the UK, Europe’s Schengen zone, and China
- E-2 treaty signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein
- No tax on worldwide income
- Citizenship can be passed down to future generations
- Investment can be sold to another Grenadian citizenship investor after 5 years
Investment Options
The Grenada Citizenship by Investment Program offers two primary investment options for applicants:
- National Transformation Fund Donation
- Minimum Contribution: $150,000 for a single applicant, $200,000 for a family of two to four, and $25,000 for each additional dependent.
- Family Composition: The investor’s spouse, children under 30, siblings over 18, and parents of any age are eligible to participate in the program.
- Due Diligence Fees: $5,000 per person aged 17 or older.
- Other Fees: Government fees, legal services, and document shipping costs.
- Real Estate Investment
- Minimum Investment: $220,000 for a single applicant, with no obligation to visit or reside on the island.
- Family Composition: The main applicant can include an unlimited number of eligible dependents, including siblings, children, and parents.
- Additional Fees: Government fees, due diligence fees, and passport fees.
- Resale: The property must be held for at least five years if it is resold as a qualifying investment to another citizenship by investment investor.
Key Benefits
- Visa-free travel to over 153 countries, including China, Russia, the UK, and the Schengen Area.
- E-2 Treaty Investor Visa for up to five years, allowing citizens to live and work in the USA.
- No tax on worldwide income.
- Citizenship transferable to new spouses and future generations.
- No restrictions on dual citizenship.
Application Process
- Processing Time: Three to four months.
- Government Fees: $5,000 per person aged 17 or older.
- Interview Fees: $1,000 per person and each qualified dependent aged 17 or older.
- Application Processing Fees: $1,500 per person and each qualified dependent aged 18 and over.
Additional Costs
- Due Diligence Fees: $5,000 per person aged 17 or older.
- Other Fees: Government fees, legal services, and document shipping costs.