Grenada Citizenship by Investment

About Grenada Citizenship Programme

Be part of a high-class and stirring Citizenship by Investment (CBI) opportunity. Grenada Citizenship by Investment Programme makes it possible for those who invest in Grenada’s economy or government-approved real estate development to gain citizenship and to live or work in this beautiful Caribbean country.

Grenada Citizenship by Investment Programme is an ideal way to enjoy the beautiful island of Grenada, discover new pathways for your business and expand your passport collection. To receive Grenada’s Citizenship by Investment (CBI) advantages, the CBI programme is governed by lawful decorum. Each applying individual, their family and or business partners must be approved individually by the Government of Grenada through a strict due diligence process.
One of the most preferred options available for investors is seeking citizenship by investing in a government-approved project. These projects include hotels, resorts and villas. The minimum investment needed by an individual for real estate is USD 220,000. The property is to be held for at least five years. Established in 2013, the National Transformation fund is a means for altering Grenada’s economy by benefiting industries like tourism, agriculture, and alternative energy. An individual can contribute to the nation’s well-being to be eligible for Grenada’s second passport. The minimum contribution needed for a single applicant is USD 150,000 and USD 200,000 for a family of four.

Benefits of the Grenada Citizenship by Investment Program

Few of the benefits to receive with Grenada Citizenship:

A Grenada citizen can Visa-free travel to 141 countries that includes regions like Schengen countries, UK, UAE, China & Russia.
This is the only Caribbean country whose citizens have access to the USA’s E-2 visa programme.
You will be entitled to receive the fastest second passport in 60 – 120 days, depending on your nationality.
Once you become a Grenada national, your dependents, including children, siblings and parents, can qualify for a Grenada passport.
An applicant does not require an interview, minimum education or managerial experience.
An applicant is not obligated to any residency obligation during or post granting of Grenada Citizenship.
If your overseas business earns a significant profit, no tax will be induced on the worldwide income.
Dual Citizenship is accepted, allowing investors to have their primary citizenship as well.

Who Can Obtain Grenada Citizenship?

Investor

Without a criminal record
Over 18 years of age
Without any refusal by citizenship
Has to pass the diligence check
Without visa refusal

Children Under 30

The child must be financially dependent.

Spouse

Grandparents or Parents of the Spouse or Investor

They should be financially dependent.
There is no age limit.

Siblings of the Spouse or Investor

Unmarried and should have no children
From 18 years of age

Steps to Obtain Grenada Citizenship

Our citizenship advisers will help evaluate all your circumstances and select the most suitable investment option for you.
An applicant can obtain Grenada citizenship through a government donation of $150,000 or by purchasing a project in the real estate sector for $220,000.
Prepare your documents. Upon your preparation, the advisor will check and collect your documents to ensure all the requirements are fulfilled.
Once each and every document is collected, the specialized personnel will prepare, review, and submit your file.
The processing time is betted through the Grenada government, where they conduct a thorough background check. However, you are not required to be available for an interview.
Once the government reviews your application and the decision is made, you will receive a decision that you will get through a letter.
Once you get the approval to go ahead, you will have to complete your non-refundable investment or purchase a property directly.
Once the investment status is complete, your citizenship certificate will reach you. During this stage, you are not required to visit Grenada. Your passport will reach you through courier services.

How do I become a citizen of Grenada?

To become a citizen of Grenada, one needs to have an outstanding character, no criminal record, be blessed with excellent health and must fulfil one of the investment options.

What is Grenada’s Citizenship by Investment Programme?

The programme came into being in August 2013, and the primary objective of this programme was to receive foreign investment into this Caribbean nation. Under this programme, a person can get Grenada Citizenship by making an Investment in Grenada’s economy or real estate development.

How many types of investments can one make to obtain citizenship or permanent residence?

One can make two types of investments to gain Grenada citizenship or permanent residence.

– They must make a payment into the National Transformation Fund or

– They must make a payment towards an approved project in Grenada.

What is the cost and the fee involved for obtaining the citizenship?

The cost and fee of obtaining the Grenada citizenship by investment depends upon the type of method (NTF or Real Estate investment) you opt, plus other factors like current cost at the time of inquiry. Get in touch with our experts to know the latest cost & fee.

Who can acquire Grenadian citizenship with the investor?

Along with the primary applicant, the 2nd citizenship will be granted to children up to 30 years old, the spouse, spouse’s or investor’s parents and grandparents. This also comprises siblings of both spouses who should be over 18 years, unmarried, and without any child.

What options fall under the citizenship by investment programme?

Investors have the option to choose from a couple of options:

Investors must contribute around $150,000 or more to the National Transformation Fund.
A minimum price of $220,000 should be invested in any government-approved real estate project. The investor needs to hold the project for a minimum of 5 years.

What else does an investor have to pay for the programme?

Along with the basic investment, he or she has to pay the administration charges, fees, paperwork services, and due diligence. The whole cost of the programme depends on the age and composition of the members of the family.

Can investors recover their investment?

Yes, that is very much possible. After five years of holding the government-approved real estate property, you can sell it further. One can also rent it out to earn a passive amount or income that falls between 2%-5% a year.

What is the primary requirement to enroll on this programme?

Some of the basic requirements for an investor are that they should be over 18 years of age and should not have any criminal records against them.

Can investors be deprived of Grenadian Citizenship?

Yes, investors can be deprived of this. If you provide false information about yourself or are convicted in the state for some crime, you will be obligated to give up your citizenship.