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Grenada Citizenship by Investment

Program Overview

Minimum Investment

$235,000 Donation

Minimum Investment

$270,000 Real Estate

Time to Citizenship

6-8 Months

Visa-free Access

140+ Countries & Territories

Grenada Citizenship by Investment Requirements

Launched in August 2013, the Grenada Citizenship by Investment program is one of the newer Caribbean programs. The mission of the Citizenship by Investment program is to strengthen the country by creating economic growth through foreign investments.

As an applicant, you must be at least 18 years of age, of good character and without a criminal record.

Additionally, you are required to make a non-refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects.

 

Main Applicant Requirements

  • 18+ years of age
  • Good health
  • No criminal record
  • Successfully pass due diligence checks
  • Receive approval by the government
  • Confirmed investment sources

Eligible Dependents

  • Spouse of the main applicant
  • Children (biological or adopted) under 30 years of age
  • Dependent parents
  • Unmarried Siblings over 18 years and below 30 years of age

Grenada Citizenship by Investment Benefits

Visa-free travel

Visa-free and visa-on-arrival travel to over 140 countries and territories including Hong Kong, Singapore, China, Russia, The Schengen area, and the United Kingdom.

E-2 Investor Visa

The Grenada program is the only one of the Caribbean citizenships by investment programs that offers an opportunity to obtain an E-2 Investor visa in the United States of America

Straightforward process

Designed to be a smooth and straightforward process with a timeframe of 6 months to your new citizenship.

Tax relief

Grenada imposes minimal taxation, with an exception of no taxation on wealth, gift, inheritance, foreign income, or capital gain.

Minimal residency required

There are no residency requirements – you are eligible to apply immediately

Dual Citizenship permitted

There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.

GRENADA | Citizenship by Investment

Legal Basis in GRENADA

The Citizenship by Investment (CBI) program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament. It stipulates that any person can apply for naturalisation and may be eligible for Citizenship on payment of fees if the government is satisfied that such person has invested substantially in Grenada. The act allows for investment to be made in either one of two ways: The first is by making a contribution to the National Transformation Fund, which assists the development of Grenada’s resources, with the aim of benefiting Grenadians. The other option is an investment in a government-approved real estate project, which comes into being after being reviewed and recommended by the committee to the government Minister in charge.

Costs of Grenada Citizenship by Investment

There are two options of qualifying contribution for the Grenada Citizenship-by-Investment Program:

1) Donation - National Transformation Fund (NTF)

Cash donation to the National Transformation Fund (NTF), Government Escrow Account.

Single Applicant

USD 235,000

An applicant with up to 3 dependents

USD 235,000

Each additional qualified dependent below the age of 18

USD 25,000

Each additional qualified dependent above the age of 18

USD 50,000

Qualified sibling

USD 75,000

2) Real Estate Investment

Investment in real estate through one of the government approved real estate asset classes: freehold property with title deed; hotel shares; fractional ownership or land. The investment is subject to a minimum holding period of four (4) years.

Minimum investment Amount

USD 270,000

Government Fees

In addition to the purchase of real estate, there are government fees to be paid:

Main applicant

USD 50,000

Main applicant with up to 3 qualifying dependents

USD 50,000

Each additional qualified dependent below the age of 18

USD 25,000

Each additional qualified dependent above the age of 18

USD 50,000

Qualified sibling

USD 75,000

Processing and Application Fees

In addition, there are other costs associated with both options.

Processing fees per person

USD 1,500

Processing fees for dependents below 17 years of age

USD 500

Processing fees for dependents aged 17 years or above

USD 1,500

Application fees per person

USD 1,500

Due Diligence & Background Checks

There are compulsory background checks payable to the government preferred due diligence agency that will use Interpol, World-Check and other government agencies to screen applicants based on their application.

Due Diligence per person over 17

USD 5,000

Mandatory Interview

The Interview is conducted by an independent professional firm commissioned by the CIU, either virtually, or in person. The Interview must be attended by: • Every main applicant in process • A dependent of a main applicant in process aged 17 years or over, if deemed necessary

Interview fee per person 17 and over

USD 1,000

Application Process For Grenada Citizenship by Investment

The expected timeframe for the application process is 6 months. The first stage of the document collection can differ in length depending on the applicant’s ability to gather the documents. Our team guides this process with samples and best practice advice. The reviewal stage is subject to the respective government schedule and can be impacted by factors which we, as authorised agents have no control over. We collaborates with the government throughout the entire process, and we aim to provide the quickest and smoothest experience for the applicant.

Application Process

6 months

*Sample of
Passport

Step 1

We will pre-screen your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. The response is in 24-48 hours.

Step 2

Our professional team will assist and advise you with the collection of the documents required according to the government checklist.

Step 3

Once your application is submitted, you're required to pay due diligence fees, investment, government fees into the authorised escrow account.

Step 4

Due diligence report is issued to the government, who will then make a decision. In case of rejection, the client will be refunded accordingly.

Step 5

The balance of professional fees is paid. The citizenship certificate and passport are issued in your name.

Visa-free Countries for Grenada Citizenship

A passport from Grenada allows visa-free travel or visa-on-arrival to over 140 countries and territories including Hong Kong, Singapore, China, Russia, The Schengen area, and the United Kingdom. Along with great tax benefits, the Grenada program is the only one of the Caribbean citizenship by investment programs that offer an opportunity to obtain an E-2 Investor visa in the United States of America.
Visa-free and visa-on-arrival countries
140+ Countries & Territories

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