Every year the popularity of the program only grows.Here are the main features:
The trial launch of the program for obtaining economic citizenship of Grenada occurred in 2001, but the authorities sent the project for revision soon after that. The Program of the island state is on the market since 2013 and competes well with other offers in the Caribbean region. More than 2,500 foreigners have already been granted citizenship by investment and taken advantage of the opportunities offered by their new passport.
Some applicants are attracted by the access to an American business visa E-2 which gives you the right to work and live in the States. Others are looking into the prospect of traveling without a visa around the world. Third are hoping to reduce tax costs, since Grenada offers zero taxes on global income, capital gains abroad, gifts and inheritance. However, in this case, you must live on the island for at least 183 days a year.
The passport applicant is offered several options to choose from: you can donate to the the National Transformation Fund or invest in a government-approved real estate project. The first way is advantageous with a low entry threshold. The second is the opportunity to lease the property and receive 3-5% per annum. You can sell it after 5 years and retain citizenship.
With a Grenada passport you can travel to 140+ countries around the world without a visa, including the EU, China, Singapore, Hong Kong, and the UK. It is easier to open a business or an account in a foreign bank with Caribbean citizenship. A nice bonus of the program is that you can submit documents for a passport remotely.
The registration procedure is carried out only by an accredited agent (see the approved list) and takes from three to four (rarely six) months. There is no need to give up other passports/ Your children, grandchildren and subsequent generations retain the right to Caribbean citizenship as the investor's family.
$ 150 000+
Make a donation to the National Transformation Fund in the amount of $150 000 for one applicant.
State fees are also paid, when including family members:
$50,000 - for a family of 2 to 4 people
$ 220 000+
Invest in government-approved development projects:
$220,000 - for collective investment (two or more applicants invest in the same project and become co-owners – since 2019)
In addition, each investor pays a state fee:
$50,000 - for a family of 1 to 4 people
Grenada offers an extended immigration program. Besides children and wife/husband the investor has the right to include parents, grandparents, single brothers and sisters.
|Spouse||With an official documented marriage.|
|Children||No older than 30 years, dependent on the investor. Children born within 12 months of receiving a Grenada passport also receive citizenship without additional fees.|
|Parents and grandparents||Any age.|
|Brothers/sisters||Childless adult siblings of the investor and his/her spouse, if they are dependent on the investor and aren't married.|
There are no language, historical or cultural knowledge requirements to participate in the program. You don't even need to pass a consular interview. The most important thing is to be a law-abiding and trustworthy citizen with legal savings.
Requirements for the main applicant:
The authorities of the Caribbean state can refuse a passport if false information is provided, as well as if the investor poses a threat to the national security of Grenada or any other country.
All documents are submitted with an English translation and apostille stamp.
1.Verification of trustworthiness
The fee for all applicants over the age of 17 is $5000 per person, and $2000 per child.
2. Administrative fee
Registration of the application: for all applicants over the age of 17 —$1500 per person, for a child - $500
3. Attorney's fee
The fee of an accredited agent for supporting the procedure of obtaining citizenship is $15-50 000, depending on the family composition and the prices of a particular company.
Foreigners with investment citizenship have the same rights as any other resident of Grenada. The investor and his/her family also have all rights related to Grenada's membership in the Caribbean community (CARICOM).
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