Known as the Isle of Spices, Grenada is an exotic island of verdant forests, idyllic beaches, hidden coves, and rugged mountains, enveloped in the delicate aroma of its native spices. The country’s volcanic origins create a rich ecosystem, characterized by a variety of flora, fauna, and interesting geological features including Kinck-‘Em Jenny, a submarine volcano, the Grand Etang Lake and Lake Antoine, formed from volcanic craters.
55,000
English
Driven by tourism, real estate, and financial market sectors
Eastern Caribbean dollar
Known as the world’s second largest producer of nutmeg; cacao mace, allspice, cinnamon, cloves, ginger, turmeric and vanilla are among its major produce. The tourism, agriculture and manufacturing sectors are quickly expanding, with many luxurious hotels operating in the nation
The Citizenship by Investment program attracts high net-worth individuals, choosing to either invest in a second passport or a Grenada citizenship, which can be passed down through generations. Investors also benefit from the country’s U.S.A. E2 Visa Treaty, attractive tax benefits, and travel to over 145 visa-free countries, including the European union, U.K., China, etc. The country’s rich culture is a result of indigenous, African and European influences, reflected in myriad cultural and sporting events such as scuba diving, shipwreck diving, the Grenada International Triathlon, the Grenada Carnival – Spicemas, Pure Grenada Music Festival, etc.
Here are some quick facts you should know before relocating to Grenada to understand the country better.
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Located just above the equator, Grenada forms a part of the West Indies region in the Caribbean Sea, and is 348.5 km2 in area with Mount St. Catherine, the highest point at 840 meters. The nation includes two small islands, Carriacou and Petite Martinique and several smaller islands. It has numerous rivers, waterfalls and is a nesting site for Leatherback Turtles
St. George
St. George is the country’s capital, its largest city and main port as well as the yachting and charter boat center for the eastern Caribbean region. The Grand Asne Beach is considered among the ten best beaches in the world. Various cultural and sporting events, including the Grenada Sailing Festival Work Boat Regatta attract prosperous tourists and participants from across the world.
Grenville
The second largest town in Grenada and located on Grenville Bay, Grenville is a primary contributor to the agriculture and export sectors. Skeletons of Air Cuba planes can be viewed at the now defunct Pearls Airport.
Hillsborough
Located on the island of Carriacou, which is known as the Isle of Reefs, Hillsborough is a popular tourist vacation destination.
The region is globally well connected through regular international and regional flights from the airports at Grenada and Carriacou, modern roads and highways and an effective bus network, taxis and rental cars. Several shipping lines and oceangoing vessels provide regular passenger and cargo services from St. George’s harbour.
U.S.A, British and Canadian driving licenses and International Drivers Permits are valid in Grenada however a local driving permit is still required.
Grenada is a major financial center for numerous international banks with excellent financial regulations and unrestricted financial and imported capital repatriation. Tourism and agricultural exports are major contributors to the economy. Investors in Grenada benefit from the country’s membership with the Commonwealth of Nations, CARICOM, the, OAS, FATCA, and ALBA
Grenadian citizens, residents and foreigners are offered banking services on differing terms. Individuals seeking to open an account are required to provide the following documents:
Several main health centers, district medical stations, Government hospitals and clinics provide free medical and dental treatment in Grenada.
School attendance is not compulsory. The government provides free primary and secondary education, spending 10.3% of its budget on education. The country is wellknown for providing excellent opportunities for higher education, including scholarships and preferred access to top universities and colleges across the world. Besides vocational and technical schools, St. George’s university School of Medicine and a branch of the University of the West Indies provide quality education to national and international students.
The Grenada Citizenship by Investment program requires a minimum donation of US $150,000 to the Grenada National Transformation Fund for the primary applicant or by purchasing a government pre-approved real estate property of minimum US $ 220,000 value.
The requirements for becoming a citizen include the primary applicant being a minimum of 18 years of age, demonstrate an absence of criminal records, possess good health, and be willing to invest in either the Grenada National Transformation Fund or in approved real estate projects.
It takes four to five months, provided the application for citizenship is accurate and complete in all aspects.
The primary applicant’s spouse, dependent children under 30 years old, parents, grandparents, and unmarried siblings under the age of 18 years can be included in the application or after obtaining citizenship for an addition fee depending upon the number of people being included.
As of September 1, 2023, applicants are required to attend a mandatory interview as a part of citizenship by investment application process.
Yes, Grenada provides a biometric passport.
An issued Grenada passport is initially valid for 10 years after which period, it can be renewed indefinitely. Passports for individuals below the age of 16 years are valid for five years.
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