Citizenship by Investment in Grenada

The Grenada Citizenship by investment program offers visa-free access to major business hubs across the world, including China, Singapore, Russia, Schengen Zone and the UK. Secondly, Grenada does permit dual citizenship and also does not impose restrictions on any particular nationality. Citizenship hopefuls can either opt to make a non-refundable contribution to the NTF or make an investment in a government-approved real estate project within the country.

Benefits of Acquiring Grenada Citizenship by Investment

Grenada currently has in place an E-2 Investor Visa Treaty with the US, which enables Grenadians to work and reside in the US without any restrictions. Listed are some of the other significant advantages of becoming a Grenada national.

Applicants are not required to be physically present in the country during the time of application.

Dual citizenship is permitted within the country.

Individuals that acquire Grenadian citizenship by investment are not required to live in the country and can remain in their own country of residence.

Grenada does not levy global income tax from non-residents.

No language or interview requirements.

Citizenship rights can be passed on to future generations.

Immigration Procedure and Timeline

The Grenada citizenship program caters to high-net-worth individuals who wish to travel and do business across the world without any restrictions. A secondary passport can also prove fruitful to those who want to optimize their tax liabilities.

Month 01

Preliminary Procedures

  • Prequalification check of the applicant and dependents.
  • Preparation of all the necessary documentation.
  • Reservation of the property or payment of due diligence fees and related fees.
Month 02-03

Application submission and Approval

  • The application is officially submitted to the CBIC.
  • Due diligence and background checks are conducted through an international third-party due diligence service.
  • The application is approved.
Month 04-05

Investment Transfer

  • The required donation is made to the Government of Grenada, or the necessary payment is made to the real estate developer.
  • The applicant and his dependents are granted Grenada citizenship and passport.
Month 06

Receive Passport

  • All pending fees are cleared after the passport has been delivered.

Requirements to Acquire Grenada Passport

In addition to satisfying the necessary investment criterions, there are some requirements that each applicant must fulfil to gain citizenship from the country.

  • The Applicant should be at least 18 years of age.
  • Should not have any criminal record against his/her name.
  • Should clear the due diligence checks.
  • Must be able to confirm his/her investment sources.
  • Should be of good health.
  • Following dependents are eligible to acquire a Grenadian passport along with the main applicant:
  • Spouse of the applicant.
  • Children under the age of 30.
  • Parents above the age of 55.
  • Unmarried Childless Sibling 18 years old and above.

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