By investing US $220,000, plus associated fees, in a Grenada government-approved real estate project, investors and their families are granted dual citizenship, allowing them to make an investment (suggested minimum amount is US $150,000) in the United States in exchange for residency and the opportunity to work there. Grenada’s Citizenship by Investment Programme is a fantastic way to enjoy the beautiful island of Grenada, explore new paths for your business and expand your passport portfolio. The Grenadian passport is valid for a period of 5 years, after which you will have to renew it. At the same time, the program leaders have tried to steer a course towards increased revenue too; boosting the integrity and getting more investor money isn’t always a reconcilable effort. Grenada is also known for being an offshore haven and for offering a citizenship by investment (CBI) program for those who want to obtain a, The E-2 VISA – Access to the United States, Make a non-refundable donation to a national fund, Invest in (government-approved) real estate, Set up and run a local business, employing local people, Invest in government bonds or some sort of other financial instruments, No wealth, gift, inheritance, or capital gains taxes, and f. Grenada means business when it comes to the due diligence process. But as far as you’re concerned, it also offers you the option to buy a Grenadian passport in exchange for $150,000-$220,000. Further information on these projects and fees please visit our the official Grenada CBI website: Benefits of obtaining Grenada Citizenship. In order to preserve the prestige of Grenada’s Citizenship by Investment (CBI) initiatives, the CBI programme is governed by a legal protocol. Nonetheless, it has a few other advantages, thanks to the recent changes. Your Grenadian citizenship will be passed on to your children and their children. Not only can you apply, but you can also bring your spouse, children, parents, grandparents, and even siblings with you. Divers, sailors, newlyweds, and luxury-seekers from all around the world come to enjoy Grenada’s sunshine year-round. And there is little surprise. as opposed to handing over the cash to developers. The citizenship by investment programme for Grenada is one of the newest programmes available to investors. You must use a local government-authorized agent in order to apply for your citizenship for both the donation route and the real estate investment route. The Citizenship by Investment program in Grenada is available through investment of $350,000 into government approved real estate projects. Easy access from the world’s major hubs. The government has worked hard to process applications as fast as they can by introducing the pre-check step in the application process. Grenada is a country in the Caribbean that’s also known as the ‘Island of Spice.’ The second-largest exporter of nutmeg in the world, this country has some of the most immaculate natural environments in the world. Grenada has one of the fastest application processing times in the Caribbean. In return, it allows foreign investors obtain permanent legal citizenship and second passport within 4 to 6 months. Only make your investment once your application is approved. It was used as a signal to warn criminal offenders that Grenada won’t hesitate to extradite people if such a procedure was ever requested. For the willing investor, this particular island offers a few distinct advantages, ones that no other CBI country in the region offers. The sum is $150,000 for a single applicant and $200,000 for a family of up to four members. . Required fields are marked *. The country’s Minister of Trade, Oliver Joseph, said: “You would note that there is no amendment that reduces prices. As of recent, the government has also approved the sale of CBI properties in the secondary market. It cannot be guaranteed that you’d get to go to the United States, but if you’re granted the E-2 visa, it will be valid for five years. There is also no wealth, gift, inheritance or capital gains taxes. Make no mistake: you’re definitely paying a premium when you opt to obtain a citizenship by investment in Grenada. You want the best passport for you, for the best possible price. In 2013, the independent island nation of Grenada relaunched their Citizenship by Investment Programme. To date, it is the most successful development under Grenada’s Citizenship by Investment Program, having attracted more than 80 per cent of all investment applications. The CBI unit will take approximately 2-3 months to process your application. The very minimum that it costs to obtain a Grenadian passport for a single applicant is. The entire process is fully digital. What this Island of Spice has to offer that no other CBi in the region can are two things: 1. You will need to choose one option and won’t be able to combine them. First, even though it’s population of 110,000+ is somewhat small, it’s a young and dynamic one. Burns Point, Carenage, St George’s, Dependent children can be aged up to 30 to be added to an application. No wealth, gift, inheritance, or capital gains taxes, and foreign-sourced income is tax free. Invest only after you’re approved. If you do business in Russia or China often, Grenada might be a great investment saving you lots of hassle and time in the long-run. Third, it’s got a favorable location, which doesn’t just mean balmy temperatures of 80F and above year-round. Established in 2013, the Grenada Economic Citizenship Program is one of the fastest and most efficient citizenship by investment programs in the world. While it used to take months for an applicant to put this huge bundle of documents together and it took Grenada even longer to process, there is now a pre-check step. Process is confidential. Is it worth it for you to pay the premium? Access to the E-2 visa to the United States, where Grenadian citizens can invest and live. E-2 visa treaty. We must have a programme that offers attractive benefits, without having to reduce the price.”. . Grenada’s Citizenship by Investment Programme makes it possible for those who invest in Grenada’s economy or real estate development to gain citizenship to live or work in this beautiful Caribbean country. The Grenada citizenship by investment scheme is the most affordable route to getting a second passport, particularly when you consider the perks of the American E-2 Visa that comes with holding a Grenadian passport. That said, everyone is also put through their paces in the due diligence process. You won’t need to travel to Grenada for any part of the application. The Citizenship by Investment Committee (the Committee) invites locally registered accounting firms to submit proposals for the provision of accounting service, The Citizenship by Investment Committee invites locally registered Civil Engineering firms/Engineers to submit proposals for construction project monitoring and evaluatio. For years, Grenada and its sumptuous resorts have been attracting high-net-worth individuals; top-notch sailing opportunities and its crystalline shores have offered many a relaxing getaway. of $1,500 for a single applicant or a couple; add additional $1,500 for each 18+ dependant and $500 per child aged 0-17. Donate $150,000 to Vanuatu’s local government fund. As a result of your investment, you will be able to obtain a Grenadian citizenship and the subsequent passport. Second, even though it’s history is turbulent and colonial (the Spaniards, French, and British all vied for Grenada), it’s current international standing is solid. Grenada’s citizenship by investment is the only one in the Caribbean to offer visa-free travel to China and Russia in addition to Europe and over 130 countries in total. For a long time, Grenada has been an agriculturally-driven state, exporting nutmeg, cocoa beans, fish and wheat flour, among other products. These changes have certainly gotten the foreign investors listening; Grenada’s CBI program is more popular than ever before. Are we confident that the political and the economic situation in the country is stable enough to invest? It also has plenty of waterfalls, rum factories, spice farms… you name it. making it possible to obtain Grenadian citizenship by investment in only 60 business days. It is also the only Caribbean citizenship by investment jurisdiction that is an E-2 Visa Treaty Country meaning that citizens of Grenada may apply for an E-2 visa in the U.S.A. The Nomad Capitalist team can help. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. But there are a few sticking points, especially when the Grenadian CBI program is compared to other programs in the region. P.O.BOX 298, Grenada, W.I. Trouble renewing passports. Everyone, of course, is subject to stringent due diligence checks – even your dependents. Attractive tax regime. Grenada has been suffering from foreign debt for a long time and approximately 25% of its budget goes towards debt repayment. It has no tax on income generated outside of Grenada. That’s especially the case if you have a large and extended family that you want to tag along. Even though the CBI program has undergone considerable change, the investment types have remained the same. Thank you for your interest in our Citizenship by Investment programs. The very minimum that it costs to obtain a Grenadian passport for a single applicant is $158,000. None of your personal information will be relayed to any third party and the entire application process is confidential. This change, combined with the new rule to keep real estate investors’ money in escrow rather than handing it over, has surely given the Grenadian CBI a boost in terms of accountability and trustworthiness, and have put investors at ease. It’s a fund that is responsible for financing various infrastructure projects in the islands to help Grenada and its people. People from anywhere in the world can apply, even citizens of Iran, Iraq, Afghanistan, and Syria. It’s when a country’s government decides it wants to attract foreign investment by selling its citizenship. The Citizenship by Investment Committee invites qualified individuals and institutions to submit proposals for the provision of escrow agent services for the Grenada Citizenship by Investment Programme. From the document submission to obtaining your passport, the entire process is fully digital. The country takes the first spot in the top ten Citizenship by Investment rankings of 2020. Grenada Citizenship by Investment – Documents Required. Here are the main pros of having a Grenadian citizenship: Visa-free travel to 135+ countries. Create a legacy that lasts a few lifetimes. Then, 2019 was a record year when the Grenadian government raised $61 million (13% more year-on-year). Pass it on. Unmarried siblings older than 18 years of age of the main applicant and the spouse can be added too. In order to preserve the prestige of Grenada’s Citizenship by Investment (CBI) … What do you want to accomplish? Grenada is the only program that offers visa-free access to both China and Russia. All of Europe’s Schengen Area, the UK, Ireland, some Balkan countries, and some of Latin America are available to you visa-free with a Grenadian passport. Visa-free access to China, giving Grenadian citizens up to 30 days in China per entry, 2. The application process is straightforward and you won’t be made to jump through any unreasonable hoops. And that’s why the Grenadian CBI is not the most affordable option out there. REQUEST FOR PROPOSALS FOR ACCOUNTING SERVICES. Invest at least $350,000 in pre-approved real estate. Grenada’s E-2 visa treaty with the United States is one of the most unique things about the program. The recent reduction in price for co-investors follows similar price reductions in other Caribbean CBI program countries. However, it’s a great way to obtain more freedom and achieve one’s financial goals faster, among other advantages. Citizenship by investment Grenada’s Citizenship by Investment Programme allows investors and their families to obtain a second citizenship in exchange for an economic contribution to the country. Are you set on obtaining your Grenadian passport? As always, if you think you want to pursue citizenship in Grenada, take a step back and evaluate this: What are your goals? Learn how your comment data is processed. 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