GRENADACITIZENSHIP BY INVESTMENT
MIN INVESTMENT
$150,000
PROCESSING TIME
3-4 MONTHS
PERMIT TYPE
CITIZENSHIP
FAMILY
SPOUSE, CHILD, PARENT, GRANDPARENT, SIBLING
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SUMMARY
Grenada Citizenship by Investment (CBI or CIP) program has emerged as the Caribbean’s best-rated passport program. As dependents, the program accepts spouses, children, siblings, parents, and grandparents. A donation and real estate option are available through Grenada’s economic citizenship program. The real estate investment must be kept for a minimum of five years. Only certified agents who are licensed by the government may apply for the program.
The highly valued Grenada passport allows holders to fly visa-free to several countries, including the Schengen region of Europe for 90 days in 180 days, Russia for 90 days, and China for 30 days. Grenadians can also apply for an E-2 Investor visa to live in the United States, as Grenada has signed an E-2 treaty with the United States. Grenada has no capital gains or dividends taxes, but it does have an Annual Stamp Tax of 0.5 percent for receipts under $111,000 and 0.75 percent for receipts above that amount.
The Grenada Citizenship by Investment Programme is a government initiative for foreign investors to acquire Grenadian Citizenship. This program is ideal for individuals who value the freedom and privacy that second citizenship or second passport can offer.
POPULATION
110,000
CAPITAL
St. George’s
CURRENCY
East Caribbean Dollar (XCD)
LANGUAGE
English
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- TYPE: CITIZENSHIP
- VISA-FREE: EU, RUSSIA, CHINA, US E-2 TREATY
- PROCESS: 3-4 MONTHS
INVESTMENT
Grenadian Citizenship can be obtained either through donation or a real estate investment. The real estate investment can be made into a government-approved tourism project or on the open market. In any case, the real estate investment must be held for at least 5 years.
- Donation to the Government Fund – starts at $150,000
- Tourism Related Real Estate Investment – starts at $220,000
- Non-Tourism Related Real Estate Investment – starts at $350,000
- Main Applicant Fees: Application Fee $1,500; Due Diligence Fee $5,000; Processing Fee $1,500 USD.
- Dependent Fees: Application Fee $1,500; Due Diligence Fee $5,000 (Adult) or $2,000 (12-17y); Processing Fee $1,500 (Adult) or $500 (Minor).
GRENADA CITIZENSHIP BY INVESTMENT OPTIONS
The National Transformation Fund (NTF) contribution is non-refundable. The amount of the donation is determined by the number of dependents listed on the principal applicant’s application.
Applicants who choose the NTF path must pay $150,000 for a single applicant and $200,000 for a family of up to four members to the Fund. After the third dependent, add $25,000 for each additional dependent.
The government has given its approval to all real estate options. The property can be sold after five years, allowing you to release capital without jeopardizing your citizenship. Applicants who qualify for citizenship by acquiring real estate from a previous CBI applicant are referred to as secondary buyers of CBI property units. They are entitled to apply for citizenship if they meet all regulatory criteria.
Applicants seeking citizenship through investment in Grenada have the option of investing at least $220,000 in a government-approved project. These ventures currently include real estate developments, including hotels, villas, and resorts. It is legal to resell to a CBI investor. It is possible to co-invest in a unit for a total of at least $440,000.
Additional fees
Government Fee: $50,000 for a family of 4. $25,000 after the third dependent.
The government has given its approval to all real estate options. The property can be sold after five years, allowing you to release capital without jeopardizing your citizenship. Applicants who qualify for citizenship by acquiring real estate from a previous CBI applicant are referred to as secondary buyers of CBI property units. They are entitled to apply for citizenship if they meet all regulatory criteria.
The investment in the non-Tourism Accommodation market, or those who want to gain complete ownership of a house, starts at $350,000.
Additional fees
Government Fee: $50,000 for a family of 4. $25,000 after the third dependent.
Real Estate
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PROCESS
Application Processing Time: 3-4 months
Stage 1 - Month 1
Choosing an Approved International Marketing Agent is the first step in applying for citizenship. Citizenship applications must be sent by agents rather than directly to Grenada's Citizenship through Investment Committee (CBIC). The applicant must fill out official paperwork, go through a medical check, and receive some supporting documentation, all of which must be written in English and adequately legalized. If the applicant is interested in buying real estate, a sale and purchase agreement must be signed. The Grenada Citizenship by Investment Program does not entail an interview at this time.
Stage 2 - Month 1
Each application is subjected to a rigorous due diligence background check by the government, during which submitted information is reviewed and checked. The CBIC examines application files in light of this due diligence check before deciding on the application. The Minister has final approval, and he usually follows the CBIC's recommendations. A CBIC application takes 60 business days to process.
Stage 3 - Month 4
Following the Minister's decision, the applicant receives a letter (via his or her Authorized Local Agent) indicating whether the application was approved or not. If the application is approved, the CBIC sends a letter instructing him or her to either make the donation or finish the purchase of his or her real estate. If real estate is purchased, the applicant must show that it has been completed and that all required documents have been signed. The CBIC issues the certificate of registration after obtaining proof of payment, indicating that the applicant has been granted Grenadian citizenship. Approved local agents must use this credential to apply for a Grenadian passport on behalf of the applicant.
CONDITIONS
- A series of requirements must be fulfilled to apply for Grenada citizenship by investment programme. Check all the requirements to get Citizenship by Investment in Grenada.
- Criminal Record:
Government will deny the application of any applicant who:
o On his or her application form, he or she gives false details.
o Has ever been convicted of an offence in any country for which the maximum custodial sentence in Grenada for the same or similar crime is more than six months imprisonment (unless he or she got a free pardon);
o Is being investigated for a criminal offence;
o Is regarded as a possible threat to Grenada's or any other country's national security;
o Is interested in any operation that could bring Grenada into disrepute. - Medical Test:
A medical certificate stating that the main applicant and his or her applying family members are free of communicable diseases and are otherwise well. - Other Requirements:
Has not been refused a visa to a country with which Grenada has visa-free travel unless he or she has received a visa to the country that granted the refusal after the denial. Another Caribbean Citizenship scheme has not turned you down.
FAMILY
- Parent Dependent
Parents or grandparents of the main applicant or his or her spouse. - Child Dependent
A child of the main applicant or his or her spouse who is at least eighteen years old and under the age of thirty, as well as a child of the main applicant or his or her spouse who is at least eighteen years old, physically or mentally challenged, and who lives with and is entirely assisted by the main applicant. - Sibling
A unmarried sibling of the main applicant or the spouse with no child of their own. - Future Children
Grenada is the only Caribbean CBI that provide descendants with Grenadian citizenship without a fee. Children born of Grenadian citizens are automatically Grenadian, even when they are not born in the Island of Grenada.