Velment

“The true value of a sound investment is immeasurable.”

– Velment Team

Overview of Grenada’s Citizenship-by-Investment Programme

Those interested in receiving Grenadian citizenship must invest a minimum of $220,000 (USD) in a property located in Grenada. Ownership of the property must be maintained for a minimum period of  3 years.

Holders of a Grenadian passport can travel without a visa to 142 countries, including China and the United Kingdom.

 

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Invest

Individuals interested in Grenadian citizenship must invest a minimum of $220,000 in a property located in Grenada.

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Visa-Free Travel

Visa-free travel in 142 countries, including the United Kingdom and China, the only Caribbean country to offer visa-free access to the Asian country.

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Fast Procedure

A fast process of 90 days, with the passport being issued in 10.

Key Features

  • Dual citizenship permitted.
  • Visa-free or visa on arrival to 142 countries.
  • An extraordinary Caribbean island environment with close links to both the United Kingdom and France.
  • The right to live in Grenada.
  • A spouse, unmarried siblings over the age of 18, children under the age of 30, and the main applicant and spouse’s parents, grandparents can all be included within the application.

 

Financial Criteria

  • A minimum investment of $220,000 (USD) in Grenadian real estate.
  • Ownership of the property must be maintained for at least 5 years.
  • Government fees of $50,000 (USD).
  • Due diligence fees of $5,000 (USD) – for a single applicant.
  • Application fees of $1,500 (USD) – for a single applicant.
  • Processing fees of $1,500 (USD) – for a single applicant.
  • Bank fees of $3,600 – for a single applicant.
  • Passport issuance fees of $250.

Personal criteria

  • High-net-worth
  • Clean criminal record
  • Excellent character

Step-by-Step Application Procedure

Due Diligence Process

Your property purchase details must be finalised, any necessary documents compiled, and government forms completed.

Submit Your Application

You must submit your application to the necessary government institution.

Receive Your Passport

Once the government fees and necessary contributions are paid, your passport is issued.

About Grenada

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Geography

The territory of Grenada consists entirely of the eponymous Caribbean island.

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Population and Language

The island has a population of 112,003. The official language is English, although a dialect of French is also spoken on the island.

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Tourism

Grenada has a flourishing tourism industry, with approximately 525, 453 tourists visiting the island in 2019.

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Education

The country offers an educational system largely modelled on the British system.

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Health Care

The island nation has a compulsory National Insurance Scheme which covers injuries sustained at work.

Grenada Factsheet

Continent: North America

Population: 112,003

Government: Unitary two-party parliamentary constitutional monarchy

Capital: St. George’s

Language: English

Currency: East Caribbean Dollar

Total Area: 348.5 km²

Time Zone: Eastern Caribbean (UTC-04:00)

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