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. Wild rainforests, hidden coves, lush spice plantations, a fun and friendly atmosphere that’s typical in the Caribbean… Grenada has all the prerequisites for a perfect beach holiday. No language requirement and no interview. Dependent children can be aged up to 30 to be added to an application. Whereas you can potentially recoup the real estate investment, the donation is non-refundable, for example. The Grenadian pricing isn’t the cheapest in the region, so you will definitely be paying a premium when you opt for its passport. We must have a programme that offers attractive benefits, without having to reduce the price.”. A luscious Caribbean island-state, Grenada is known for its vast stretches of white-sand beaches, pristine rainforests, and its spice exports. The investor visa to the United States is accessible to all Grenadian citizens, making Grenada the only CBI program in the Caribbean to have this feature. The definition of a ‘dependent’ has changed: Parents and grandparents older than 55 years can be added under the main applicant; they do not have to live with the applicant. The Grenada Citizenship by Investment Program welcomes individuals and their respective family members of excellent character to obtain citizenship in exchange for investing in the country’s prosperity. . The Citizenship by Investment Committee invites qualified marketing consultants to submit proposals for the provision of marketing and related services for the Grenada Citizenship by Investment program. The very minimum that it costs to obtain a Grenadian passport for a single applicant is $158,000. 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. Everyone, of course, is subject to stringent due diligence checks – even your dependents. The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success, How to Obtain French Citizenship By Descent, How to Obtain Ukrainian Citizenship By Descent, How to Obtain Greek Citizenship By Descent. Grenada has long been a tax haven. No residence requirement. You won’t need to travel to Grenada for any part of the application. Even though the country’s prime minister states, time and time again, that ‘Grenada is not dependent on its CBI program, the numbers tell us a whole different story. In order to preserve the prestige of Grenada’s Citizenship by Investment (CBI) … However,  both of those countries also command a higher premium and have some other drawbacks when compared with Grenada. Additional people will add $25,000 each to the total bill. None of your personal information will be relayed to any third party and the entire application process is confidential. Easy access from the world’s major hubs. It allowed foreigners to get a Grenadian passport by making an investment in their island-state. Coffee breaks and a relaxed attitude – island time – is something that should be accepted. This is due to Grenada’s low investment level, powerful passport and USA E-2 treaty. Government of Grenada provides foreign wealthy individuals with the opportunity to acquire Caribbean citizenship through investment in the economy. There is also no residency requirement, so technically, you will never have to visit the country to become and remain its citizen. You can also be a dual citizen – there are no restrictions on that. Children born within 12 months of one obtaining the citizenship will automatically be added. Stories of investors having a really hard time to renew their passports have been circulating online. Access to the E-2 visa to the United States, where Grenadian citizens can invest and live. Benefits of obtaining Grenada Citizenship. Once the pre-check is in motion, you can move to execute a Purchase and Sale Agreement and pay the deposit, if you are investing in real estate. The Grenada Citizenship by Investment program was established in 2013 and has the best citizenship by investment program in the world. 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. This is so that they would have ‘something to lose’ – not just the money of others – and thus be more diligent about the processes and timelines. . . A second passport can provide greater freedom to travel internationally, peace of mind, as well as financial benefits. 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 wins award for That’s either because it has no other way to raise funds or it finds itself under a sudden economic strain, for instance, after a recent natural disaster. The Grenada Citizenship-by-Investment Program was launched in August 2013 when the Grenadian parliament passed the Citizenship by Investment Act, 2013. Henley & Partners was formally mandated in 2016 by the Government of Grenada to revitalize, enhance, and relaunch the program globally. If your application is approved, you will have to pay the remaining fees, make the donation or finalize the purchase of real estate. From the document submission to obtaining your passport, the entire process is fully digital. Take a look at our infographic that illustrates the numerous benefits that citizenship by investment in Grenada can bring you and your family. The country has had decent GDP growth and an economy that’s small, but robust. It’s also worth mentioning that Turkey and Montenegro also have the E-2 treaty, which means you could potentially opt for the CBI programs of those countries to get into the United States. Grenada Citizenship by Investment Program Grenada launched their citizenship by investment program in 2013 for the purpose of transforming its economy to be more prosperous. Only make your investment once your application is approved. That said, you probably won’t want to go and live in Grenada (though it’s possible with weekly direct flights to New York, Miami, London, Frankfurt, and other major hubs). Even though the CBI program has undergone considerable change, the investment types have remained the same. Ultimately, you’ll need some solid advice when it comes to navigating the CBi world and realizing what the best course of action is for you. And finally, it’s had a stable government for the last 35+ years. What does this small collection of islands off the coast of Venezuela have to offer? Grenada is the only Citizenship by Investment programme that allows unmarried, childless siblings of the main applicant, who are 18 years and older to be included on a family application. 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. That’s an incredible opportunity for those who’ve always wanted an ‘in’ – or for those looking to renounce their US citizenship who want a backdoor into the country. Are you a solo investor? The entire process is fully digital. And when it comes to state affairs, no news is good news; investors love stability. as opposed to handing over the cash to developers. Your Grenadian citizenship will be passed on to your children and their children. 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. If you do a lot of business in that country, it might make sense to go for Grenada over any other citizenship by investment. 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. Just like many other CBI programs, Grenada offers applicants to pay a pre-set sum into its National Transformation Fund (NTF). That’s not to say that you will face the same issues, but it’s a little something to keep in mind. This means that you’re able to buy an investment off another CBI applicant when they are ready to sell. Grenada has long been a tax haven. Divers, sailors, newlyweds, and luxury-seekers from all around the world come to enjoy Grenada’s sunshine year-round. Your email address will not be published. Whereas you can potentially recoup the real estate investment, the donation is non-refundable, for example. Plus, the recent changes to the way the real estate investments work, especially the escrowing of investors cash and the 20% own-capital rule that developers must now follow, make us even more confident. 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. However, it’s overreliance on just a few industries means that Grenada’s CBI program is somewhat of a lifeline. Grenada is one of the very few nations whose citizens do not require a visa to travel to the People’s Republic of China. Burns Point, Carenage, St George’s, 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. You can add a spouse, children (ages 0-30), parents, and even siblings to your application. Is it worth it for you to pay the premium? You will be able to retain two or more passports, as Grenada’s laws permit that. It’s not the fastest CBI in the world, but it sure is one of the quickest in the Caribbean region. Minister Alexandra Otway has been awarded the post of Minister of Citizenship by Investment Promotions. No. 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 ‘rescue mission’ to rid Grenada of communism took place in 1984 and was led by the United States. 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. So, what does Grenada have that others don’t? According to the Grenada Citizenship By Investment (CBI) Program, applicants must make an investment of $220,000 in a real estate project that has been approved by the government. making it possible to obtain Grenadian citizenship by investment in only 60 business days. Grenada established and started running its CBI program back in 1997. Fully digital process. Usually, a potential investor will have to accomplish one (or a few) of the following actions: Only after the conditions of the citizenship by investment program are fulfilled will the investor be able to get the passport of the country. Unmarried siblings older than 18 years of age of the main applicant and the spouse can be added too. This recently introduced pre-check step streamlines the application process and allows for the due diligence checks to start, thus saving everyone time in the end. © 2020 Government of Grenada. Children, parents, grandparents, and siblings eligible. People from anywhere in the world can apply, even citizens of Iran, Iraq, Afghanistan, and Syria. You won’t need to travel to Grenada for any part of the application. As you can tell, Grenada means business when it comes to the due diligence process. Speaking of which, the main applicant is allowed to add pretty much anyone related to him or her onto the application for a Grenadian citizenship: Obtaining your Grenadian passport isn’t complicated; it can be accomplished in five quick steps that will take approximately 3-4 months. It has pushed strongly to become a tourism-focused and a service-driven economy, and has succeeded. And in Grenada, that proportion stands at one-third. ⤅ The Grenada Citizenship by Investment Program, ⤅ The E-2 VISA – Access to the United States, ⤅  Grenada Citizenship by Investment FAQs, ⤅  Your Grenadian Citizenship and Passport. You should receive it within a couple of weeks. . The advantages of a Grenadian passport are many. It’s highly coveted – that’s a fact – and Grenada is the only one out of all of the Caribbean CBIs to have it. First, even though it’s population of 110,000+ is somewhat small, it’s a young and dynamic one. How Indians Can Benefit From Grenada's Citizenship-By-Investment Program Festive season uplifts sentiments as investors look for real estate … APPLICATIONS SUSPENSION – GRENADA SUSTAINABLE... Congratulations to Minister Otway, Newly-Promoted to... Grenada wins Best International Citizenship Programme award. Investing in real estate is another option for those who want to obtain a Grenadian passport. 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. Nonetheless, it has a few other advantages, thanks to the recent changes. Grenada’s investment visa treaty with the USA has made it a popular route for immigrants to the USA. E-2 visa treaty. The Grenadian passport is valid for a period of 5 years, after which you will have to renew it. Sure, it’s not a novelty in the region as many of Grenada’s neighbors also have similar programs. 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. Attractive tax regime. The Grenada Citizenship by Investment Committee advises that the website http://grenadadualcitizenship.com IS NOT AN AUTHENTIC website. Nothing notable has happened in the governance or the politics of the country ever since. Some more of the pros of the E-2 visa are that your spouse can freely get employed in the United States, the processing time of the visa is a short two months, and all your dependent family members can come too. And your new citizenship will not be reported to the country of your current citizenship. The timeline is comparable to many other CBI programs, although it’s not the fastest one out there. Jovana is our lead R&D Associate at Nomad Capitalist. The program stalled after the terrorist attacks of September 11, 2001, but was relaunched in 2013 with a new set of rules that streamlined the process and made it a real contender in the CBI world. 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. Further information on these projects and fees please visit our the official Grenada CBI website: Eventually, they got renewed, but after much trouble. in administration fees for the real estate investment option. You want the best passport for you, for the best possible price. From the document submission to obtaining your passport, the entire process is fully digital. It’s the E-2 visa treaty with the United States. There are direct flights to Grenada from New York, London, Frankfurt, Miami and a few others. The CBI unit will take approximately 2-3 months to process your application. 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