CITIZENSHIP BY INVESTMENT
Grenada
Grenada, often referred to as the “Spice Island,” is a small Caribbean nation located in the southeastern part of the Caribbean Sea. It consists of the main island of Grenada and several smaller islands, including Carriacou and Petite Martinique. Grenada is known for its lush landscapes, beautiful beaches, and a rich history that has shaped its unique culture.
More About Grenada Citizenship By Investment
Grenada’s economy relies primarily on tourism, agriculture, and services. The tourism sector is a significant contributor to the economy, attracting visitors with its stunning beaches, water sports, and eco-tourism activities. Agriculture, particularly the cultivation of spices like nutmeg and cocoa, has historically played a vital role in Grenada’s economy. In recent years, the government has also focused on diversifying the economy through initiatives such as the Citizenship by Investment (CBI) program.
Grenada’s culture is a vibrant blend of African, European, and Indigenous influences, evident in its music, dance, and festivals. The island is famous for its Carnival, held annually in August, which features colorful parades, music, and traditional costumes. Grenadian cuisine is also notable, with dishes often featuring local spices, fresh seafood, and the island’s famous nutmeg and cocoa. The population of Grenada is approximately 112,000, with the majority being of African descent.
Grenada’s Citizenship by Investment Program allows foreign nationals to obtain citizenship through a qualifying investment. This program offers several benefits, including visa-free travel to over 140 countries, including the Schengen Area and the United Kingdom.
Minimum investment of $235,000
6-12 MONTHS
Enjoy the freedom to travel to Grenada, China, Russia, Singapore, the UK, and the Schengen Area in Europe, among other destinations.
he Grenada Citizenship by Investment Programme does not mandate relocation or even a visit to the country at any point during or after the application process.
You can add children up to 30 years old and parents aged 55 and above, allowing your dependents to enjoy the same benefits of Grenada citizenship as you.
Grenada citizens do not pay taxes on foreign income, wealth, or inheritance for their global assets.
The first option for obtaining citizenship through investment involves making a donation to the NTF: $235,000 for the primary applicant, $200,000 for you and your spouse, $200,000 for you and up to three dependents, and $25,000 for each additional dependent.
In addition to the donation, all family members must pay an application fee of $1,500 per application. There are also due diligence fees of $5,000 for you, $5,000 for your spouse, and $5,000 for dependents aged 17 and over. Additionally, processing fees of $1,500 apply for individuals over 18, while those under 18 incur a fee of $500.
To qualify under this property investment option, you must either purchase a share in an approved real estate project for $220,000 or invest $350,000 in such a project. In both scenarios, the real estate unit must be retained for a minimum of five years from the date you obtain your Grenada citizenship.
Additionally, you will need to pay government fees of $50,000 for a family of up to four, with an extra $25,000 for each additional dependent when purchasing a share. The same government fee structure applies to the other property investment option.
Furthermore, there are additional application fees of $1,500 per person, along with due diligence fees of $5,000 for all individuals aged 17 and older. Processing fees are $1,500 for those over 18 and $500 for dependents under 18.
As an applicant for the Grenada Citizenship by Investment Programme, you are required to:
First, renew your passport every five years.
Additionally, obtaining Grenadian citizenship grants you access to China and makes you eligible for an E2 Investor Visa after residing in the country for three years.
The Grenada Citizenship by Investment Program allows individuals and their families to obtain Grenadian citizenship through financial contributions to the country. This can be achieved through a donation to the National Transformation Fund or by investing in approved real estate projects.
There are two primary options to qualify for Grenadian citizenship:
The processing time for Grenada citizenship applications is typically between 6 to 12 months, provided that the application meets all requirements and is considered routine.
No, the Grenada Citizenship by Investment Program does not require applicants to relocate or even visit Grenada at any stage of the application process or after obtaining citizenship.
Yes, applicants can include their spouse, children up to the age of 30, and parents over the age of 55 in their citizenship application, allowing them to benefit from Grenadian citizenship.
Grenadian citizens do not pay taxes on foreign income, wealth, or inheritance, making it an attractive option for individuals seeking favorable tax benefits.
Grenadian citizens enjoy numerous benefits, including visa-free travel to over 160 countries, the ability to apply for an E2 Investor Visa for the United States after residing in Grenada for three years, and access to a stable political environment and quality healthcare.
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