Citizenship Rights and Duties with a Grenada Passport
The Grenada passport offers several benefits, including visa-free travel to more than 140 nations and the ability to get an E-2 business visa from the United States with the right to remain there. In addition to the advantages, there are duties. For instance, adherence to the investment program's guidelines is required. Once approved for Grenada citizenship, the applicant receives a citizenship certificate and can apply for a Grenada passport.
How to renew a Grenada Passport: Renewal Fees
Passports gained under Grenada's investment-based citizenship are issued for life, much as those obtained through birthright citizenship. A Grenada passport needs to be renewed every five years after being issued. For children, the passport is valid for five years, while for adults, it is valid for ten years. Any passport holder must comply with this obligation, regardless of age, and submit the necessary paperwork to the immigration agency.
Documents for renewal are submitted to the immigration service. There is no need to travel to Grenada because the renewal process may be done entirely online. The renewal application form can be obtained from the official website of the Government of Grenada. Immigrant Invest lawyers fill out government forms and apply for passport renewal.
Taking the application form, passport-size photographs, and a valid or recently expired passport is essential for renewal. If the passport is renewed earlier than six months before expiration, the government fee is $700 for adult passports and $500 for children. The standard passport renewal fee for Grenada is $105.
The following papers are required of the investor for the Grenada passport renewal:
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Valid passport.
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Naturalisation certificate.
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Two passport-size photos, no more than 6 months old.
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When a child under the age of 16 applies for a passport, their parent or legal guardian must give written authorisation.
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If the applicant is married, their original marriage certificate must be provided. Please include the original divorce decree if divorced.
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Application form.
The old passport is cancelled the same day the new one is issued.
No visible hair bands, spectacles, or large earrings are required in photographs. Hair must be pulled back from the face and not obscure the forehead, and the ears must be visible. A new passport will be sent along with all documentation.
The investor's given address will receive a courier delivery of the new Grenada passport. The passport renewal process takes 2 to 4 weeks. All documents must be submitted in original form, along with a photocopy translated into English with an apostille. The renewal process should begin at least 6 months before the passport expires to avoid disruptions.
Incomplete paperwork can prolong processing or lead to rejection of the application. Delayed processing can occur due to high application volumes, incomplete forms, and additional due diligence. Payments can be made online, at designated banks, or at the passport office. Ensuring all required documents are complete and accurate is crucial to avoid delays or rejection. Incomplete paperwork can significantly impact the processing time or even result in the rejection of a passport renewal application.
The cost of renewing a passport is $350 for adult passports and $250 for children, excluding legal and courier fees. When a valid passport is misplaced, stolen, or the holder's name has changed, a new Grenada passport must be obtained.
Applicants must fill in the Affidavit Form, have it notarised, and submit it with the application for lost passports. The application process for lost or stolen passports takes 3—6 months. An additional fee of $300 or more will be charged if an investor applies for renewal more than six months before the passport's expiry date.
No visible hair bands, spectacles, or large earrings are required in photographs. Hair must be pulled back from the face and not obscure the forehead, and ears must be visible. A new passport will be sent along with all documentation. The investor’s given address will get a courier delivery of the new Grenada passport. The passport renewal process takes 2 to 4 weeks. The cost of renewing a passport is $105. Document transmission, bank commissions, and legal services are all paid individually. When a valid passport is misplaced, or stolen, or the holder’s name has changed, a new Grenada passport must be obtained.
Additional responsibilities for investors with Grenada citizenship
The citizenship by investment programme requires precise information to be provided as a condition of participation. As a result, during due diligence, documents are examined for legitimacy. The Grenadian government has the right to suspend the investor's passport in the future if they provide incorrect information about themselves.
Following the rules of the programme. The investor is prohibited from selling the property he purchases via the Grenada CBI programme for 5 years. After this period, investors can sell the property acquired through the CBI program and return their investment. Investors can choose between two investment options: a non-refundable contribution to the National Transformation Fund, with a minimum investment of at least $150,000, or a real estate purchase.
The minimum investment required for Grenada's real estate investment option is at least $220,000. Investors' family members can obtain Grenada citizenship under the CBI program, including spouses and children under 30.
A second citizenship warning. The investor may need to legally informed about acquiring a second passport depending on the citizenship regulations of their native country. Taxes must be paid. Grenada requires tax payments for all purchases of real estate, boat registrations, commercial operations, and other forms of revenue. The Grenada CBI program ensures privacy, as all data about the investor and the passport obtaining process are confidential. The entire process to obtain Grenada citizenship through the CBI program can take 4 to 6 months.
Business and taxes in the Caribbean countries
Only income received in Grenada is subject to income tax. 10% of the first $24,000 in EC is taxed, and 28% of income beyond that is taxed. The dividends are subject to a 15% withholding tax if the investor does not reside in Grenada but receives income from a business that is registered there. In this instance, income tax is not necessary.
Investors who hold a passport from Grenada are eligible to apply for a US E-2 Business Visa, which allows them to minimise taxes and enter other countries without a visa. Grenada passport holders can travel visa-free to 144 countries. Tracking the application status online can help address any issues promptly during the renewal process.
Reasons to get a Grenada passport
➤ Living in Grenada: Even if the borders are locked, the investor and their family are still welcome to enter the nation. But being a citizen of a country is a privilege, not a need. Without travelling to Grenada before or after the application is approved, the investor can obtain a passport online. The investor can take a holiday there or use Grenada as a “safe haven” in case of emergencies or adverse circumstances in their own country.
➤ Visa-free Travel: The Schengen region, the UK, China, Hong Kong, and Singapore are among the 144 nations that the investor can travel to without a visa. Holders of a Grenada passport can enter the Schengen area without a visa. Grenada passport holders can stay in Singapore visa-free for a limited period. Citizens of Grenada can visit Hong Kong without a visa. Grenada passport holders can travel to China with a visa or visa-on-arrival options.
➤ UK incentives: Grenada was formerly a British colony. Even after earning its independence, the nation was still ruled by a British king. The king is represented on the island by a Governor-General. Grenada is a member of the Commonwealth of Nations. As a result, visitors from that nation may stay in the UK for up to 180 days straight. Additionally, Grenada nationals are subject to favourable requirements for enrolling in British colleges, such as Commonwealth citizenship scholarships.
➤ The E-2 business visa to the USA: The only Caribbean nation in which residents can apply for an E-2 business visa to the USA is Grenada, which offers citizenship by investment. Citizens of Grenada are issued a 5-year E-2 visa. If the company continues to run smoothly and turn a profit after the visa's expiration date, it may be renewed an infinite number of times. Holders of business visas are free to reside in the United States or visit at any time. The investor is permitted to operate a business, and their spouse is permitted to work. Children under the age of 21 may also attend American colleges and universities.
➤ 10-year tourist visas to the USA: Citizens of Grenada can get a 10-year B-1/B-2 visa for the USA. Visa holders are permitted to visit friends and family, travel throughout the nation, receive medical care locally, attend conferences, and conduct business meetings for up to 180 days per year.
➤ Reduced tax rates in Grenada: Capital gains, inheritance, or international income are not taxed in Grenada. Additionally, several taxes have lower rates for the nation's citizens. For instance, a Grenadian person selling real estate is required to pay a property transfer tax of 5% of the sale price. Foreigners are subject to the same 15% tax.
➤ Incentives in the Caribbean countries: Grenada is a member of the Caribbean Community (CARICOM) and the Organisation of Eastern Caribbean States (OECS). The nation's citizens are not required to get a visa in order to visit any member state. The duty-free status of the Caribbean nations makes doing business there profitable.
➤ Retaining dual citizenship: Grenada permits its residents to have dual citizenship. Therefore, the investor does not have to give up their citizenship in other countries in order to get a passport.
Contact Flyingcolour® for professional guidance on citizenship and residence programs for many nations and to determine which choice is best for your needs. We provide assistance with global residency, citizenship, and investment migration programmes.
Frequently Asked Questions (FAQs)
1. Is a Grenada passport visa-free to the UAE?
No, Grenadian citizens are required to obtain a visa before travelling to the United Arab Emirates. They can apply for a UAE eVisa online, which is typically processed within 5 business days. The eVisa allows for a stay of up to 30 days in the UAE.
2. How much does a Grenada passport cost today?
As of July 1, 2024, the cost for a standard Grenadian passport is US$350. This fee applies to both first-time applications and renewals for adults.
3. How much does it cost to get Grenadian citizenship?
Grenada offers citizenship through investment programs. The minimum investment starts at $235,000, either as a donation to the National Transformation Fund or through approved real estate investments. Additional fees, such as government processing and due diligence fees, apply depending on the number of applicants and the chosen investment route.
4. What is the validity of a Grenada passport?
Grenadian passports issued to individuals aged 18 and above are valid for 10 years. For those under 18, the passport validity is 5 years.
To learn more about the Grenada passport – Renewal, Incentives, Citizens’ rights & duties, book a free consultation with one of the Flyingcolour® team advisors.
This article was published on 26-08-2022. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or changes.