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Rank #14
Grenada

Grenada

LocationCaribbean • UTC-4 • America/Grenada
Monthly Cost
$1,844
-16% vs USA
Internet
143 Mbps
Fixed Broadband Avg

Permanent Residence Permit

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Allows long-term stay in Grenada for those who meet certain criteria, including retirees and investors.

Min. Income

$0/month

Proof of Financial Means

Min. Income

Processing

3–6 Months

Average Time

Processing

Validity

Indefinite

Renewable

Validity

Citizenship

7 Years

Years to Apply

Citizenship
Info

Eligibility & Required Docs

Eligibility Requirements

  • CheckmarkProof of financial means
  • CheckmarkClean criminal record
  • CheckmarkHealth insurance

Required Documents

  • CheckmarkPassport
  • CheckmarkBank statements
  • CheckmarkMedical certificate
  • CheckmarkPolice clearance certificate
Info

Residency Rules

Taxation

Residents are taxed on worldwide income. Non-residents are taxed only on Grenadian-source income.

Physical Presence

No specific physical presence requirement to maintain residency.

Info

Advantages

  • Long-term stay
  • Path to citizenship
  • No minimum stay requirement
Info

Disadvantages

  • Limited job opportunities
  • High cost of living
  • Bureaucratic processes

Compare with

BarbadosPermanent Residence
Saint LuciaPermanent Residence
Trinidad and TobagoPermanent Residence