Obtaining a Grenadian passport has many advantages in addition to visa-free travel to over 143 countries. Those who travel frequently to the US and/or China will find this passport hugely advantageous, since Grenada holds an E2 visa treaty with the US, Grenadian citizens can apply for US residency through business investments for which there is no fixed minimum. However, the standard investment recommendation is $120,000 and for the applicant to be at least a 50% shareholder in the company.
Once the application is initiated, it takes around 3 months to process after which a 5 year US residency will be granted with the option for unlimited renewals. Additionally, Grenada is one of the very few countries in the world with a China visa waiver, allowing Grenadian citizens a 30-day visitor permit. This is great news for those who need regular access to China.
Grenada is also the only Caribbean nation which allows four generations under one application. Applicants can include a number of family members such as spouse, children, parents, grandparents and siblings, all of whom must be dependents of the original applicant, making it a very attractive choice for larger families.
There are minimal requirements to secure Grenadian citizenship, no interview, education, language or residency is needed. As long as the applicant holds a clean criminal record and has proof of funds that are legally derived. Grenada citizens do not pay capital gains, wealth, inheritance or income tax, making it a very tax-efficient option. Citizenship can be gained through either real estate investment or a donation to the government starting at $150,000.