Grenada
Grenada is a country located in the Caribbean, and it consists of three islands, Grenada, Carriacou and Petite Martinique. The country is also known as the “Isle of Spice”, owing to its production of spices. It is a constitutional monarchy, and its legal system is derived from English Common Law. Grenada is a member of the Commonwealth, also known as the “British Commonwealth”.
Other Basic Facts About Grenada:
- Population: over 114,000
- Territory: 344 square kilometers (133 square miles)
- Official Language: English
- Dominant Religion: Christianity
- Main Industries: tourism, construction, transportation, education, export of spices
- GDP: over 1.1 billion US dollars
- Currency: East Caribbean Dollar (XCD), tied to US dollar
- Capital City: St. George’s
- Main Airport: Maurice Bishop Airport
- Calling Area Code: +1-473
- Time Zone: Atlantic Standard Time (GMT – 4)
- Grenada passport holders enjoy visa-free or visa-on-arrival travel to 145 countries and territories.
Grenada’s Citizenship by Investment Program:
Investment options:
- US$150,000 contribution by way of donation into National Transformation Fund for a single applicant (additional amounts for family members are required, and various fees apply)
- US$220,000 (minimum) investment in approved real estate projects (conditions and fees apply)
Application Processing Time: approximately 3 – 4 months
