Grenada is one of the most preferred destinations for obtaining citizenship by investment. According to the 2024 NTL report, based on various factors, Grenada’s citizenship ranked first among the top 10 countries offering citizenship by investment programs. Read more
Grenadian citizenship can be obtained through two main options:
- Donation to the National Transformation Fund (NTF).
- Investment in a government-approved project.
This article will explore the differences between these two options according to the latest fees and costs.
Obtaining Grenadian Citizenship by Donation:
Donation to the National Transformation Fund (NTF):
– The main applicant and up to 3 family members: $235,000.
Obtaining Grenadian Citizenship by Real Estate Investment:
Investment in a Government-Approved Project:
– $350,000 by investment in a freehold property (private real estate).
– $270,000 by shared ownership in the tourism sector exclusively.
– Plus, a government contribution fee of $50,000 (for the main applicant and 3 additional family members).
Additional Costs for Obtaining Grenadian Citizenship:
– Adding children costs $25,000 per child.
– Parents or grandparents under 55: $50,000 and $25,000.
– Children over 18 years old: $50,000 per individual.
– Siblings between 18 and 30 years old: $75,000 per individual.
Comprehensive Comparison of Methods to Obtain Grenadian Citizenship:
Cost:
If you have a family of four, the first option (donation) will be less expensive at $235,000 compared to the second option at $320,000.
Flexibility in Adding Family Members:
Both options offer the same additional fees for dependent family members.
Timeframe and Procedures:
After deciding to invest in real estate, you will need time to choose a project from the government-licensed and approved projects. This is where NTL can assist you in selecting the property that suits your needs.
Investment and Returns:
The donation option, being non-refundable, does not yield any profits. However, with the investment option, you can sell the property to someone else seeking Grenadian citizenship after the holding period, in addition to earning returns ranging between 3% to 5% after the project becomes operational.
Some might initially believe that the difference between the two methods is significant in cost. However, when excluding the property’s value, the government and administrative expenses for both methods become comparable. Choosing the appropriate method for obtaining citizenship in Grenada depends on the personal and financial goals of the investor. If the goal is to acquire citizenship at a relatively lower cost, then donating to the National Transformation Fund is the optimal choice. On the other hand, if the investor is interested in investing in future projects with the potential for financial returns, the second option may be more suitable.
Mr Imad Elbitar’s point of view:
Before the recent agreement, there was a clear disparity in prices between donations and real estate investments. However, today, the two options have become quite comparable. From the perspective of an international consultant in second citizenship programs, real estate investment is considered the better choice, provided that the required amount is available and there are no other obstacles.
In conclusion, it is always important to consult with citizenship investment experts before deciding to ensure a clear understanding of all the legal and financial aspects related to each method.
The Happiest Place on Earth is Still CORONA-FREE
In light of the widespread and rapid of the Corona epidemic Covid-19 worldwide, people are increasingly searching for a safe place to protect themselves and their families.
Grenada opens its consulate in Dubai – UAE
Grenada opens its consulate in the United Arab Emirates, and Ms. Rose Ann Benjamin became the Consul General in it, knowing that this consulate is not the only Grenada consular office in the region, but the services provided may differ from one office to another.
Corona changes the way to apply for citizenship in Grenada
The Citizenship by Investment Unit in Grenada has decided to suspend the receipt of hard copies of files from the date of Friday 20 March 2020 until further notice or until the implementation of the CBI Management Online Information System platform.
Limited Offer from Antigua & Barbuda to add children
The new limited–time offer is to allow adding dependent children under the age of 18 years to the family’s previously approved application and to approve the reduction of fees for adding these dependents
Dominica imposes conditions on three countries for its citizenship … Get to know them
Important changes on the Dominica’s program for citizenship by investment. As the Dominica Citizenship by Investment Unit took stricter measures came into effect last month regarding the citizenship by investment program in Dominica, made substantial changes to the program which will have an effect on citizens of Iran, North Korea, and Sudan.