Citizenship

The one Caribbean passport that reaches America

Grenada's edge is a US E-2 treaty: a business visa, not a green card, with a three-year catch. Who should buy it? And who's wasting money?

July 20266 min read

Five Caribbean nations will sell you a passport. Four of them sell you a nicer travel document. One sells you a plausible route to living and running a business inside the United States. That is the entire case for Grenada, and it rests on a single treaty most buyers have never heard of.

The one line that actually matters

Grenada is the only country among the Caribbean five — St Kitts and Nevis, Antigua and Barbuda, Dominica, Saint Lucia, Grenada — that holds a treaty of commerce and navigation with the United States. That treaty is what makes its nationals eligible for the American E-2 visa. Its four neighbours have no such treaty, and no amount of tightened due diligence, regional price-fixing or glossy brochure changes that. On this one axis they are not competitors. They simply cannot do it.

The E-2 lets a national of a treaty country move to the US to develop and direct a business they have invested in. It is renewable. A spouse can come, and a spouse can work — which is more than most work visas offer. For an entrepreneur who wants to actually operate in the American market, that is a serious door. Grenada holds the key to it. The others hold a key to a different building.

The catch the brochure leaves out

Here is the uncomfortable part, and it is the reason most agents skip it. You cannot buy a Grenadian passport on Monday and file for an E-2 on Tuesday.

Since the end of 2022, US law requires that a person who acquired treaty-country nationality through financial investment must have been domiciled in that country for a continuous period of at least three years before they can be granted an E-1 or E-2. Domicile is stronger than a stamp in a passport. It means Grenada has to become your genuine, settled home — not a flag of convenience you visited once for the oath.

So the real sequence is: acquire the citizenship, make Grenada your home for three years, then apply. Anyone who took Grenadian citizenship before the cut-off is not caught, and nationality obtained by birth, descent or marriage is not caught at all — but the buyer reading this, today, is caught. The back door exists. It has a three-year waiting room, and the price of the ticket is actually living there.

That is not a scandal. It is a timeline. But a timeline changes who the product is for.

E-2 is a visa, not a green card

Now the second correction, because this is where romance meets immigration law.

The E-2 is a non-immigrant visa. It is renewable, potentially for as long as the business runs — but it leads nowhere on its own. It accrues nothing towards a green card. It accrues nothing towards US citizenship. Renew it for twenty years and you are exactly as far from an American passport as the day you arrived.

It also demands a real business. The investment must be substantial, genuinely at risk, and in an active, operating enterprise — not a dormant holding, not a parked deposit, not a marginal venture that merely keeps you fed. If the business fails, the visa goes with it. Dependent children fall off the visa when they turn twenty-one. And it requires non-immigrant intent, the polite legal fiction that you intend, one day, to leave.

If what you want is American permanence, the E-2 is the wrong instrument and Grenada is the wrong purchase. American permanence is a much bigger decision — the United States taxes its citizens wherever they live, and charges an exit tax to those who later want out. The E-2 is a way to run a business in America. It is not a way to become American.

Who Grenada is genuinely for

Put the two corrections together and a specific buyer appears.

  • The operator. Someone who wants to build or run a genuine business in the United States, is comfortable making Grenada a real home for a few years first, and does not need a green card at the end of it.
  • The pre-cut-off holder. Anyone who already took the citizenship before the 2022 change and skips the waiting room entirely.
  • The hedger who also travels. A family that wants a solid second passport and a credible American option in the same purchase, and treats the E-2 as optional upside rather than the whole reason.

There is one alternative worth naming. Türkiye also holds an E-2 treaty, and it is the only other citizenship-by-investment country that does. The same three-year domicile rule catches Turkish citizenship bought through investment — but Turkish citizenship earned by residence rather than investment escapes the rule, because the restriction only bites on nationality acquired with money. The trade is that you must genuinely live in Türkiye to naturalise, within tight limits on time spent abroad. Grenada asks less of your life up front and hands you a calmer passport. Türkiye asks more and, for the person willing to relocate anyway, offers a route around the waiting room. Different buyers, different medicine.

The Caribbean five on the only axis that separates them

ProgrammeUS E-2 treaty?Route to living and working in the US via the passport
GrenadaYesE-2, after genuine domicile, to run a real business
St Kitts and NevisNoNone
Antigua and BarbudaNoNone
DominicaNoNone
Saint LuciaNoNone

Notice what this table quietly says about the rest of the pitch. The features these programmes fight over — European visa-free access, processing speed, a marginally cheaper contribution — are the features under most pressure. Caribbean visa-free access to Europe is under active review and could shrink. The E-2 edge is different: it is anchored in an American treaty, not a European courtesy, and it is the one advantage in this whole market that is not currently eroding. If you are going to buy Grenada, buy it for the thing that is holding, not the thing that is slipping.

The verdict

Grenada is the smart Caribbean pick for exactly one person: the entrepreneur who wants a foothold in the American economy, is willing to make Grenada a genuine home for a few years to earn it, and understands that the prize is a renewable business visa — not a green card, not a passport, not a shortcut to either. For that person, Grenada is worth more than every flashier neighbour combined, because the flashier neighbours cannot offer this at any price.

For everyone else, it is a waste of the premium. If you want to be in America next quarter, it does nothing. If you want a green card or US citizenship, it does nothing — the E-2 is a different road that never reaches that town. If you will not run a real business, or you want a passport precisely so you never have to live in the country that issued it, the domicile rule quietly deletes the only reason you were paying extra. And if you already hold a strong passport and simply want mobility, one of the cheaper Caribbean four does the same job without the American story you were never going to use.

Buy Grenada for the treaty, or do not buy Grenada at all.

Sources (4)
Michael Sullivan
Written by
Michael Sullivan
US correspondent · New York

Covers the US exit tax, the E-2 traps and the citizens who forget America taxes them regardless.

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