Grenada

Citizenship By Investment 

Grenada, or as is known as the Isle of Spices, due to the wide variety and production of spices, in addition to nutmeg and cocoa. It has a tropical climate and fertile and rich soil which encouraged its inhabitants to practice agriculture.

It is located between the Caribbean Sea and the Atlantic Ocean

It is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines. The average area is 344 km².

It has an estimated population of 110.000

The capital of the state is St George’s.

The official language:

English is the official language of Grenada.

The currency is East Caribbean dollar, denoted by XCD

Every 1 USD equals 2.7 Eastern Caribbean dollars.

How to obtain citizenship by investment from Grenada?

Applicants under Grenada Citizenship by Investment Program must choose one of the following options:

  • Government non-refundable Donation to National Transformation Fund (NTF):

$150,000 for a single applicant

$200,000 The minimum investment for a family of 4 members.

$ 25,000 Additional fees for each new member after the second child.

$75,000 Additional fees for each Sibling

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In addition to Government Fees, Administrative Fees, and Due Diligence Fees.

  • Purchasing a property from one of the real estate projects approved by the government:

There are two choices:

  1. Either buy a property with a private title deed of $350,000, while preserving the property for 4 years.
  2. Or buy a property with a joint ownership deed of $220,000, while maintaining the property for 5 years. 

Government Fees:

$50,000 for a family of 4 people.

$25,000 Additional fees for each new member after the second child.

$75,000 Additional fees for each sibling

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In addition to Government Fees, Administrative Fees, and Due Diligence Fees.

Advantages of Grenada Citizenship Program:

  1. The ability to include the spouse and children under the age of 30 in the main application.
  2. The ability to include the father, mother, grandfather, and grandmother also to both the applicant and/or spouse.
  3. It is the only investment citizenship program in the world that accepts the addition of the applicant’s brothers or sisters to the citizenship application, but under certain conditions, and for an additional value ($ 75,000 per brother, or sister).
  4. The ability to pass one’s citizenship to future generations by descent as it is first-class citizenship.
  5. Dual Nationality: No obligation to relinquish current nationality.
  6. No language requirements for residence or citizenship.
  7. Qualified investment by the government is the only one eligible for a successful application. Unlike other investment programs.
  8. Full confidentiality in carrying out the procedures.
  9. Paying the minimum administrative fees for the transaction, while the large investment value is paid after the government’s approval of the citizenship application.
  10. No interview, education, or management experience is required.
  11. No requirement to reside in Grenada before, during, or after citizenship is granted.

What are the benefits of obtaining citizenship from Grenada?

  1. Access more than 140 countries with Grenada passports without the need to apply for a visa, including Europe’s Schengen area, the United Kingdom, China, Singapore, and Hong Kong.
  2. E2 investor visa opportunity.
  3. Ownership of the 33rd-ranked passport in the world.
  4. Possibility of establishing a company in any country in the world.
  5. Lowest tax rates and free trade environment.
  6. Beneficial tax regime – you will not be liable for any income tax, capital gains tax, or inheritance tax.
  7. Ability to study in one of the best universities in the world.
  8. CARICOM treaties that allow free trade between the Caribbean countries

Required Documents for application:

Birth certificate for all applicants and a marriage certificate.

Clear criminal record.

A bank financial statement with proof of a legal source of income.

Medical examination (health certificate that it is free of diseases).

CV. and recommendation letters.

Steps to Obtain Citizenship by Investment From Grenada:

  1. Sign the contract with NTL and make the down payment
  2. Prepare ALL the Required Documents by the investor, with the support of our office and legal teams, who will review, translate and check the entire file before sending it to the island’s lawyer. (Estimated Time 30-45 days)
  3. Sending the documents to the Island where our lawyer will check the papers for the last time before submitting the application, and Transfer the Government’s first payment to submit the Documents. (Estimated Time 15 days)
  4. Waiting for the results of the due diligence (3 months at least)
  5. Government Approval of the Application. Making the final payment to the Government. (Estimated Time 15 days)
  6. Issuing the naturalization document & printing the Passport (Estimated Time of 15 days)
  7. Handover or send the “Naturalization Document” and the Passport to a convenient place. (Estimated Time 7 days)

Info & useful links about Grenada:

The citizenship by investment program from Grenada is one of the World’s Top Ten Citizenship by Investment Programs, click here to read more

Türkiye is on the competition line with Grenada for the E2 visa, click here to read more

Grenada Government Simplifies Citizenship Procedures, click here to read more

Grenada Amends CBI: Resold CBI-Property to Qualify – Siblings, Grandparents Now Eligible as Dependents, click here to read more

The Caribbean Citizenship Summit 2016, click here to read more

April 1st, 2020, A New Start for The Future of Iraqi Investors, click here to read more

Do you know that the Commonwealth includes a third of the world? Click here for more

Grenada Visa free traveling map NTL
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