Grenada
Grenada is a small island country of the West Indies. It is the southernmost island of the north-south lying in the eastern Caribbean Sea. Grenada is the main island consisting of a group of other islands. The island lies to the north of Trinidad and Tobago, and southwest of Saint Vincent and the Grenadines.
QUICK FACTS ABOUT GRENADA
Capital: St George’s
Passport Rank: 33
Population: 120000
Language: English
Grenada Citizenship By Investment Program
The citizenship by investment programme for Grenada provides a second citizenship and passport to investors offering visa-free travel to over 153 countries including the UK, EU Schengen countries and China. Grenada also offers access for its citizens to the USA E2 treaty investor visa. What makes it more attractive is that this program allows to include unmarried dependent siblings of the applicant.
INVESTMENT OPTIONS
Grenada citizenship can be obtained in exchange for an investment on the country, which can be a donation to a government fund, or the purchase of a real estate property. Typically there are two options of the program:
Non refundable contribution(National Transformation Funds)
Under Sustainable growth Funds, applicant can obtain life time citizenship by donating below mentioned amount in Sustainable Growth Funds.
| Family Size | Contribution (Non refundable) | Application and Processing Fee | Due Diligence |
|---|---|---|---|
| Single Applicant | $ 150,000 | $ 3,000 | Main applicant: $5,000 |
| Main Applicant + Spouse | $ 200,000 | $ 3,000 Each | Main applicant: $5,000 Spouse: $5,000 |
| Main Applicant + Spouse + 2 Dependents | $ 200,000 | $ 3,000 Each | Main applicant: $5,000 Spouse: $5,000 Dependents over 17 yrs: $5,000 |
| Main Applicant + Spouse+ more than 2 Dependents | $ 200,000 (Plus Additional $25,000 for each dependent irrespective of age) |
$ 3,000 Each | Main applicant : $5,000 Spouse : $5,000 Dependents over 17 yrs : $5,000 |
Real Estate Investment ($220,000 investment in govt. approved projects)
The applicant is required to purchase $ 220,000 shares in a govt. approved project. Shares can be sold after 5 years. During the holding period applicant can also earn return on investment without any ongoing project cost. Additional to this by investing in real estate applicant gets TRN which is one of the important documents to apply for E2 visa in USA.
| Family Size | Investment | Due Diligence | Government Fees | Application & passport fee |
|---|---|---|---|---|
| Single Applicant | $220,000 (5 yrs Holding Period) |
Main applicant: $5,000 | $ 50,000 | $ 3,000 |
| Main Applicant + Spouse | $350,000 (5 yrs Holding Period) |
Main applicant: $5,000 Spouse: $2,000 |
$ 50,000 | $ 3,000 each |
| Main Applicant + Spouse + 2 Dependents | $350,000 (5 yrs Holding Period) |
Main applicant: $5,000 Spouse: $2,000 Dependents over 17 yrs: $2,000 |
$ 50,000 | $ 3,000 each |
| Main Applicant + Spouse+ more than 2 Dependents | $350,000 (5 yrs Holding Period) |
Main applicant: $5,000 Spouse: $2,000 Dependents over 17 yrs: $2,000 |
Upto Family of 4: $50,000 Each Additional Dependent: $ 25,000 |
$ 3,000 each |
| ** Legal and Professional fee applicable | ||||
BENEFITS OF OBTAINING GRENADIAN CITIZENSHIP
One of the quickest turnarounds to be granted citizenship after your investment act and investment application submission.
Grenada allows dual citizenship meaning that you will not have to give up your first passport.
You will not be required to reside in Grenada at any stage of the application process.
Grenada imposes no tax on worldwide income capital gains or inheritance tax and there are many tax benefits to the CBI program.
There are no interviews education or management experience requirements in the process.
It is the only Caribbean country whose citizens can apply for the E2 Visa in the USA.