Grenada offers Citizenship by Investment Programs. The processing time is very fast within 3-4 months. There are multiple options available to an applicant to acquire the citizenship and residency of Grenada.
-The donation amount may vary based on the number of dependents included in the main applicant’s application.
-If you choose a contribution option, to qualify for citizenship as a single application you will be required to make a government donation of $150,000.
-A contribution for the amount of USD 150,000 will be required for a single applicant
-A contribution for the amount of USD 125,000 covering a family of 5 along with processing fees of USD 30000.
-An application for a family of 2 members – $200,000.
-An application for a family of 3 members – $200,000.
-A Family of 4, family couple with 2 children – $200,000.
-Larger families of 5 and more: +$25,000 for each additional dependent.
-An application including an eligible parent not exceeding the age of fifty-five years, would need an additional contribution of USD 50,000 to be made with the post-approval contribution.
-An application including an eligible sibling, an additional contribution of USD 75,000 will be needed with the post-approval contribution.
– An additional due diligence fee of Rs $5000 will be needed per family member. This will be charged along with other fees ranging from $3270 for sole applicant to $15620 for family with 5 members.
-Any Contribution made to the National Transformation Fund (NTF) is non-refundable.
-All real estate options are approved by the government. This option would entail a minimum investment of $220,000 for sole applicant, married couple and families with more than 4 members.
-A state fee of $50000 will be charged from a sole applicant, married couple, family of 4 excluding siblings and family of 5 or more people. An additional fee of $25000 will be charged per parent over 55 or child. A fee of $50000 will be charged per parent under 55 and $75000 per sibling.
-A due diligence fee of $5000 will be charged per family member, along with other fees ranging from $3270 for sole applicant to $15620 for family of 5 members.
-After 5 years the property can be sold, allowing you to release your capital without affecting your citizenship.
-Secondary buyers of CBI property units – applicants that apply to acquire citizenship through the purchase of real estate from a previous CBI applicant – are eligible to obtain citizenship in accordance with all applicable regulatory requirements.
The requirements of the Grenada citizenship by investment program are quite simple, and they include the following:
-The main applicant must be 18 years old or older.
– The main applicant must prove that they have enough funds to make the required investment and prove the legal source of these funds.
– Main applicant and dependents do not suffer contagious diseases and/or serious health problems.
– Not to have been convicted in any country of an offense, with a custodial penalty of more than six months imprisonment, unless he or she has received a free pardon.
– Not to be the subject of a criminal investigation.
– Not to be considered a potential national security risk.
– Not to be involved in any activity likely to cause disrepute to Granada.
– Not to have been denied a visa to a country with which Grenada has visa-free access.
The first step in applying for citizenship is to apply through an authorized agent and pay an initial 10% deposit retainer fee.
The second step in a citizenship application is contacting an Authorized Local Agent, whose role is to assist the applicant in preparing documents for submission to the CBIC. The applicant must complete official forms, attend a medical examination, and obtain certain supporting documents – all of which must be submitted in English and be legalized appropriately.
If the applicant is purchasing real estate, this will need to be reserved through a sale and purchase agreement. The Authorized Local Agent will be able to advise the applicant on the preparation of the documents and on how to have them legalized. When all forms are complete, the Authorized Agent applies the CBIC. The Authorized Local Agent then becomes responsible for liaising with the CBIC about all correspondence, queries, or questions that may arise concerning the applicant’s file.
There is currently no mandatory interview requirement for the Grenada Citizenship by Investment Program.
Each application is vetted by the Government through a thorough due diligence background check, during which time submitted information is examined and verified. The CBIC considers application files in light of this due diligence check and then issues a recommendation about the application. Final approval is in the hands of the Minister, who generally follows the CBIC’s recommendation.
Upon the Minister making a decision, the applicant is issued a letter (through his or her Authorized Local Agent) detailing whether the application was successful, delayed for further processing, or rejected.
If the application is successful, the CBIC issues a letter instructing the applicant (through his or her Authorized Local Agent) to either contribute (for the NTF option) or complete the purchase of his or her real estate. If real estate is purchased, then the applicant must demonstrate completion, as well as the execution of all necessary documents. Upon receiving proof of payment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship. Authorized Local Agents must use this certificate to apply for a Grenadian passport on behalf of the applicant.
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Grenada only allows the addition of the applicant’s spouse and newborn children within the first 12 months of their birth. Dependents can’t be added after the applicant has obtained citizenship.
Yes, but the applicant must retain the ownership of the property for 5- years in the case of a partnership and 3- years if he is a single owner. Later, the applicant can renew his passport.
No. The applicant is not required to visit Grenada to complete the process.
No. There is no requirement of language, education, experience, or proficiency tests needed for applicants or their family members.
No. There is no nationality officially restricted in Grenada.
There is no requirement for an interview for Grenada citizenship.
There is no residency required to apply for Citizenship in the country.
Non-residents are subject to tax on their Grenadian-source income.
Grenada does not have any inheritance tax.
No. Grenada does not have any net worth or wealth tax.
No, a Grenada passport gives you free entry only to some countries of Europe without a visa for a certain period.
Grenada citizenship is transferable to new spouses and future generations.
Grenada signed the E2 treaty with the US in 1989. The E-2 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains a treaty of commerce and navigation) to be admitted to the United States when investing a substantial amount of capital in a U.S. business. For more information see https://www.uscis.gov/working-united-states/temporary-workers/e-2-treaty-investors.