Black Ledger – Country Profile
Explore Strategic Jurisdictions for Tax Optimization, Residency, Banking, Business Formation, Wealth Protection & Quality of Life
Grenada
Grenada offers a respected citizenship-by-investment (CBI) program with a unique twist: it’s the only Caribbean CBI country with a visa-free treaty with China. The passport allows visa-free access to 140+ countries and can be obtained through donation or real estate. While not a financial center, Grenada imposes no tax on foreign income for non-residents and offers potential residency paths. It’s strategically useful as a passport and travel flag, and can complement offshore structures when layered with a primary tax residency elsewhere.
Tax System
Foreign Income Treatment
Residency & Citizenship
Available Programs
Investment Requirements
Residency Requirements
Path to Citizenship
Expert Analysis
Grenada offers citizenship by investment starting at $150K (donation) or $220K (real estate), with the significant advantage of E 2 treaty access to the US. This unique combination allows investors to obtain both Grenadian citizenship and the ability to operate businesses in the US. While citizenship includes residence rights, the small island infrastructure makes permanent residence practical only for lifestyle focused individuals.
Strategy Considerations
Ideal For
Best Suited For
Tax optimization & wealth preservation
Asset protection & banking privacy
Global business operations
International mobility
Strategic Implementation
Flag Theory Scores
Real Estate Investment
Strategic Support Costs
Investment Note
Banking & Asset Protection
Banking Score
Banking quality, accessibility, and international integration
Asset Protection Score
Legal frameworks for preserving and protecting wealth
Banking Privacy
Moderate
Key Features
- Client confidentiality protection
- Limited domestic information sharing
Non-Resident Account Opening
International Banking Features
Not fully transparent but CRS applies selectively FATCA exemptions exist
Moderate offshore banking hub no major forex controls but under more scrutiny
Offshore accounts offer multi currency but higher fees than major hubs
No explicit restrictions on crypto crypto business registration possible
Private Banking
Asset Protection Structures
Type: Asset Protection Trust
Type: Limited Recognition
Features: Caribbean Jurisdiction
Strategy Insights
Banking Strategy
Grenadian banking offers Caribbean flexibility with reasonable international connectivity. Account opening typically requires citizenship or business connection to the island. Banking services are adequate for basic offshore functions, though correspondent relationships face increasing scrutiny. USD accounts are standard with reasonable transfer capabilities to major markets.
Asset Protection Strategy
Grenada provides strong asset protection through its offshore structures and international business companies. The jurisdiction’s limited recognition of foreign judgments and specific statutory protections create significant barriers for creditors. Trust legislation includes firewall provisions against foreign orders, though not as comprehensive as top-tier jurisdictions.
Key Statistics & Lifestyle
Lifestyle & Community
Grenada offers Caribbean charm and U.S. access via E-2 visas, but infrastructure and services remain modest. Healthcare and education options are limited outside a few zones. It’s ideal for passport holders or seasonal users, but less so for families seeking high-end year-round relocation options.
Safety Profile
Stability Factors:
- Political Stability
- Investment Growth
Risk Factors:
- Hurricane Vulnerability
Safe for visitors and investors
Cost of Living
Affordable
Quality of Life
Strengths:
- Tourism Growth
Weaknesses:
- Hurricane Vulnerability Limits Long Term Investment
Business Structures
Business Formation
Available Business Entities
Special Economic Zones
No SEZs
Business Environment
Despite tax incentives (zero foreign income tax), Grenada’s business environment faces challenges of small market size and limited infrastructure. Company formation is straightforward (3 5 days) but operational costs can be high for anything beyond digital or asset holding businesses. The jurisdiction is more suitable for holding structures than operational companies.