GRENADA CITIZENSHIP BY INVESTMENT
The Grenada citizenship by investment program has been running since 1996, and it is one of the oldest second citizenship schemes. The Grenada CBI has become popular in the last few years since it is the only second passport program with visa-free travel to China. Applicants can choose from a donation option or a real estate investment option. The investment amount for donation to the National Transformation Fund was reduced in 2017. Grenada’s passport provides visa-free travel to Europe and Russia for 90 days in a 180-day period and China for a period of 30 days.
East Caribbean dollar (XCD)
Stage 1 Month 1
Gather the necessary documents and submit the application, along with your medical examination results. If you are applying under the Real Estate option, you are required to produce a sale agreement with an approved developer.
Stage 2 Month 4
It takes 60 business days to process an application by CBIC, after which the Minister makes a decision. During that time, due diligence is performed on your application. Following the receipt of a letter of approval from the Minister, you are instructed to finalise your investment option.
Stage 3 Month 5
Upon receipt, the CBIC will issue a Certificate of Registration, which will be used to obtain the passport.