Grenada’s Citizenship by Investment Programme (CBI) is one of the most popular citizenship by investment programmes in the Caribbean, largely due to its E2 treaty investor visa with the United States.
What is the E2 visa?
The E2 visa allows Grenadian citizens to apply for a US residency visa to invest and run a business in the United States, making it the most efficient avenue to expand or establish a business in the United States. This makes Grenada’s citizenship by investment programme one of the most lucrative CBI programmes in the Caribbean and the world.
How to obtain the Grenada CBI
The requirements for Grenada citizenship and passport are primarily a minimum government donation of $150,000 or a minimum investment of $220,000 in real estate that must be maintained for at least five years, plus mandatory fees. Grenada citizenship and passport can be processed and obtained within four to six months. Advantages of Grenadian citizenship and passport include visa exemption for travel to 127 countries, including the United Kingdom, the European Union and China. In addition, the applicant does not need to be physically present in Grenada to apply, there are no residency requirements to maintain citizenship, there is no taxation on worldwide income, the applicant’s spouse, children and dependent parents are included. Finally, dual citizenship is allowed.
Applications for the Grenada Citizenship by Investment Programme have seen an increase in applications in 2022, 30% more than in 2021, which broke all previous records in the third quarter. The programme raised a total of $79 million in the third quarter of this year. Applications have risen sharply for five consecutive months, indicating that the fourth quarter will also be a record-breaker. If the same number of applications are made in Q4, the programme’s total proceeds in 2022 will more than double that of 2021, with a large share (70.83%) going to real estate investments.
Grenada does not publish statistics on the nationalities of its applicants, but the most likely reason for this huge increase is that it is the only country in the Caribbean that accepts Russian and Belarusian applicants.