How to get Grenada Citizenship by Investment
Grenada Citizenship by Investment program was launched in 2013 and allows individuals to obtain citizenship by investing in real estate projects, approved by the Government or non-refundable contribution to the country. It is one of the most popular programs in Carribians as it has many benefits for investors.
About the program
It is one of the oldest second citizenship programs. Its process is short, and it is attractive for individuals who want access to USA and China. Normally it will take 3-4 months to obtain Grenada citizenship by investment.
$150,000 is the minimum investment for a non-refundable contribution.
$220,00 is the minimum investment in a government-approved real estate project.
About the country
Grenada is a paradise with a year-round temperate climate, stunning beaches, a stable economy, and a favorable tax regime. Population: 113,000 Currency: Eastern Caribbean dollar (XCD). Language: English Capital: Saint George’s.
The climate of Grenada is tropical, with a relatively cool season from December to March and a hot, rainy season from June to November.
The economy of Grenada is mainly based on tourism, with an agriculture focus. Grenada is famous for its production of nutmeg, it is the world’s second-largest producer of nutmeg.
Benefits of Grenada Citizenship by Investment Program
Grenada citizenship is very popular as gives numerous advantages to the investor. It not only opens door to free travel to main destinations but gives economic gains as a good tax regime.
- Light requirements. You can apply without a language test and minimum stay, there are no restrictions on dual citizenship. All can be done remotely.
- The tax regime is very attractive to individuals who want to have more efficient tax planning. No tax on foreign income, dividends, wealth, and inheritance tax.
- Access to USA E-2 visa in the USA. You can apply for E-2 Investor Visa in the USA, it will give you the right to work and live there. Visa is renewable every 5 years.
- Access for the whole family. Possibility to add 4 generations, including grandparents of the main applicant and spouse, children under 30, and siblings to the one application.
- Visa-free travel. 144 countries are open for Grenada passports with visa-free or visa-on-arrival, including China, Singapore, the UK, and Schengen Area
Type of Investment for Grenada Citizenship by Investment Program
How to get Grenada citizenship by investment program? It offers individuals 2 options – investing in real estate or making a donation to the Government. The first option is more expensive but more popular as gives income and the possibility of a buy-back option after 5 years, which is the required minimum for holding the investment.
$150,000 – Minimum amount to transfer to National Transformation Fund to obtain Grenada citizenship. This is a non-refundable contribution. A family of up to 4 including the main applicant will cost $200,000.
$220,000 – The minimum investment in real estate projects approved by the Government, plus a non-refundable Government fee of $50,000.
Please contact us and we will help you to find the best strategy according to your priorities for obtaining citizenship by investment.
Who can apply for Grenada Citizenship by Investment Program?
Here are the requirements for an investor:
- Age above 18 years old
- Clean criminal record
- Medical certificate
Citizenship is transferable to new spouses and future generations. Here are the requirements for a family:
- Children under 30 years
- Parents and grandparents of the main applicant or spouse
- Unmarried siblings without children of the main applicant
How to apply for Grenada citizenship. The timeline
Grenada citizenship by investment Program is one of the easiest and most transparent. Clear steps and the absence of long waiting make it attractive for investors. Invest Citizenship will recommend you lawyers or advisors with great experience who will guide you and support you until you will receive your passport. Please see here the full scale of our services.
Step 1 (1 month)
Prepare all the necessary documents such as criminal records, a medical certificates from your side. If you invest in real estate, you need to present a sale agreement with a developer approved by the government.
Step 2 (2 months)
Submit the application. After checking by the bank and Government, you will receive a letter of approval. After approval, you need to finalize your investment and provide proof of payment.
Step 3 (1 month)
Time might be different in the case of real estate investment. After final approval, you will get a Certificate of Registration for obtaining a passport of Grenada. It is a completely remote procedure.
Grenada citizenship is a good option for investors who seek for an easy way to obtain a second passport with important values. Grenada passport gives visa-free travel to 144 countries, relatively easy access to the USA, the possibility to optimize taxes expenses, and enjoy a beautiful country with a comfortable climate.
There are 2 options to invest, a nonrefundable contribution to the Government of $150,000 for one applicant, and $200,000 for a family of up to 4 including the main applicant.
The government non-refundable fee is $50,000 for a family of 4 and $25,000 for an additional family member (below 30 years). The additional cost for background checks is $5,000 per person.