Citizenship Programs
Caribbean citizenship-by-investment programs are one of the most well-established and successful investments schemes.
International investors are entitled to apply for full-time citizenship in picturesque and financially secure countries and benefit from greater mobility around the world.
Applicants are granted quick, legal, irrevocable second passports, with no residency time and several advantages.
Grenada
The Grenada Citizenship by Investment Program was launched in August 2013. The program of Grenada is the only Caribbean program with the option to apply for E-2 USA ‘Investor Visa’ to reside in the United States. Grenada citizenship applicants obtain an irrevocable citizenship and passport without having to reside in the country or renounce their current nationality.
Country Overview
capital
Saint Georges
AREA
348 Km2
population
110,700
Language
English
French Patois
Min. donation
US$150,000
Min. investment
US$220,000
VISA-FREE
144 Countries
Timeframe
4-6 months
Legal Basis
Grenada program was enshrined by law in 2013 when the Grenadian Parliament passed the ‘Grenada Citizenship by Investment Act, 2013.’ The investment act has been amended several times since its inception, with the current regulations permitting citizens to obtain citizenship from the country in under two months. It should also be noted that in addition to approval from the CBIC, applicants also require validation from the Government of Grenada.
For detailed information visit the official Grenada citizenship by investment government website. cbi.gov.gd/
Advantages
- Grenada passport allows visa-free or visa-on-arrival travel to 144 destinations including China, Hong Kong, Russia, Singapore, the UK, Europe’s Schengen Area
- The Grenada program is the only one of the Caribbean citizenships by investment programs that offers an opportunity to obtain an E-2 Investor visa in the United States of America
- Reputable second passport easy to obtain visas when required
- Citizenship-by-descent is available to future generations.
- Grenada is a member of the Commonwealth, which entitles citizens to certain privileges in the UK and other Commonwealth countries.
- Dual citizenship is allowed by the nation.
- No taxes on capital gain, gift, wealth inheritance. No taxes on non-residents
- Ability to open bank accounts worldwide with this passport
- There is no minimum stay or visit required.
- Simple process with fast track option available
Main applicant
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
Eligibility
Dependents
- Spouse of the main applicant
- Adult children (biological or adopted) under 25 years of age
- Parents and Grandparents above 55
- Unmarried and childless siblings above 18
Cost
OPTION 1: A NON-REFUNDABLE CONTRIBUTION TO NATIONAL TRANSFORMATION FUND (NTF)
Contribution single applicant: US$ 150,000
Contribution for families up to 4: US$ 200,000
US$ 25,000 from the 4th dependent onwards (excluding qualifying siblings and dependent parents aged 55 and under)
US$ 50,000 for each parent aged 55 and under,
US$ 75,000 for each qualifying sibling
OPTION 2: REAL ESTATE
An amount of US$ 220,000 or more has to be invested in a government-approved real estate development to qualify under this scheme. Investment must be held for 5 years and can only be resold to another citizenship-by-investment applicant
An additional minimum non-refundable contribution applies for this option
Family up to 4 members: US$ 50,000
Family over 4 members: US$ 50,000 and US$ 25,000 per additional dependent from the 4th dependent onwards
DUE DILIGENCE
Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.
Main applicant: US$ 5,000
Spouse: US$ 5,000
Dependents over 17 years: US$ 5,000
Other fees
Professional fees, official application forms, certificates of citizenship and passports and other disbursements fees are the other costs associated. A detailed quotation with no hidden costs is provided for the specific case.
144
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