Grenada Citizenship by Investment: A Pathway to Global

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Obtain Grenada Citizenship by Investment: The Ultimate Guide

The Grenada Citizenship by Investment program was launched in 2013 by the Grenadian Parliament, passed the citizenship and has an entry with low cost for a second citizenship and passport. The Grenada Citizenship by Investment Route has strict due diligence check facilities. It attracts investors with high net worth from around the world to bring foreign direct investment to Grenada through government-sponsored projects and boost the economy of their country's people. It's one of Grenada's most efficient Citizenship by Investment Programs (CIP). It is the only Caribbean and has a treaty with the US and China, making this program unique from other investment programs.

Why Choose Grenada?

Grenada recognizes the dual citizenship of the investors, including their dependent children, spouses, and parents. Also, there is no physical residency requirement to obtain a Grenada Citizenship by Investment Program. The investor will get visa-free travel to 140 countries and enjoy the benefits of the no-taxation policy on worldwide income. Grenada has an E-2 visa program treaty with the United States, so the investor who has obtained citizenship in Grenada can also easily run a business there. Grenada is famous as a spice Island due to its production of spices like nutmeg, cinnamon, cloves, etc., which allows investors to seek a rewarding destination for business. Grenada has a stable political system and economy because the Government of Grenada has implemented a policy for the growth of businesses and attracting foreign direct investment due to its favourable tax regime and fiscal incentives to investors.

Grenada Citizenship by Investment Program’s Eligibility Criteria

An eligibility to apply for citizenship in Grenada by Investment needs to be followed to get successful citizenship in Grenada Citizenship and a Passport.

Eligibility of Age to Apply for Citizenship

The applicant must be 18 to apply for the Grenada Citizenship by Investment.

Good Background

The applicant needs to have a good character and no criminal background because, during the time of application approval, there is thorough due diligence of background check to make sure there is no security risk to issuing a certificate of citizenship and securing a Grenada Passport.

Investment Option to Obtain Citizenship

There is a minimum investment option to become a part of the Grenada by Investment Program, and the applicant needs to choose one of the investment options approved by the Government, which typically involves a financial contribution as the donation or investment through real estate.

Financial Stability

The applicant needs to provide evidence of the financial capability to invest, including proof of funds and other financial necessary papers.

Health Requirements

The applicant and their family must go through medical checkups to ensure they are in good health, and the required medical examination report needs to be submitted.

Family Member

The Grenada by Investment Program allows the applicant to include their family member of the applicant in the Grenada Citizenship by Investment Program.

No Residency Requirement

In obtaining the Grenada Citizenship by Investment, there is no mandatory requirement to have a residential requirement in Grenada before or post-approval.

Benefits of Citizenship by Investment in Grenada

There are numerous benefits of Grenada Citizenship by Investment opportunities, and several individuals apply for Grenada Citizenship by Investment to avail themselves of those benefits.

Visa Free Travel Opportunities

Grenada passport holders can travel visa free to over 140 countries. The individual will become a part of the E-2 investor visa treaty, which makes an individual run a business in the United States. Grenada Citizenship by Investment provides no restriction in travelling to China.

Global Mobility

It increases global mobility due to visa free travel to countries and territories easily without any need for extensive citizenship applications. The growing reputation of Grenada as a stable and business-friendly environment adds credibility to grow the market.

Favourable Tax Policies

Grenada Citizenship by Investment will help you take advantage of Grenada's tax implications, where there is an attractive tax policy. As a Grenada citizen, the individual enjoys the tax policies which will greatly benefit investors or businesses. The country does not impose personal income tax on its residents; income earned internationally is not subject to tax in Grenada.

Approach towards family

Investing in a Grenada Passport grants global citizenship and secures a bright future for future generations or will pass the citizenship to future generations. The program allows investors to apply for their entire family, including dependent spouse, parent, children and siblings, and there is no age requirement to obtain Grenada citizenship by Investment.

Who Can Apply for the Grenada Passport?

As mentioned below, the investor and his dependent family member can obtain a Grenada Passport like the investors and enjoy the benefits of the Grenadian Citizenship by Investment program.

Investor

Individuals as investors with financial stability and a clear background can obtain a Grenada passport by choosing an investment option.

Spouse

The investor's spouse can also obtain the Grenada passport by choosing a required investment option plan.

Children Under 30

The dependent children of the investor can also obtain the Grenada Passport by choosing a required investment option plan.

Mentally or Physically Challenged Children

The physically challenged children of the investor can also obtain the Grenada passport by choosing a required investment option plan.

Dependent Parent

The dependent parent of the investor can also obtain the Grenada Passport by choosing a required investment option plan with no age restriction.

Dependent Siblings

The investor's unmarried dependent sibling can also obtain the Grenada passport by choosing a required investment option plan.

Tax Obligation in Grenadian Citizenship by Investment

Grenada does not have capital gains, inheritance, income or wealth tax on global income or assets. Still, the tax residents and non-residents are subject to tax on their Grenadian Source Income. There is a 28% Corporate income tax rate for the resident companies in Grenada, and in the case of non-resident companies, the tax is only paid on the profit earned from the source of income generated in Grenada.

How can an individual become a citizen of the Grenada CBI Program?

  • The individual must be 18 years old.
  • Applicant must not hold any criminal record.
  • Must have the source of funds for the investment.
  • The dependent children must be under the age of 30 years, and the physically challenged children will get citizenship by investing in Grenada.
  • The parent dependents to the individual can obtain Grenada Citizenship by Investment.
  • Unmarried dependent siblings are eligible to obtain Grenada Citizenship by Investment.
  • Must undergo the due diligence check to gain applicant.

Grenada Citizenship by Investment Program Required necessary papers

The general necessary papers required for Grenada Citizenship by Investment are given below

  • Application Form
  • Passport Copies of the individual and his family members
  • Passport-size photograph of the individual and his family member
  • Birth Certificate copy
  • Proof of Individual’s Residential Address
  • Complete forms of the particular chosen investment option
  • The Individual needs to provide evidence of the financial capability to invest and proof of funds
  • A report of the medical examination needs to be submitted.
  • A certified copy of the marriage certificates or divorce paper
  • Specific necessary paper about the chosen investment option
  • Evidence of Cost and Fee Payment
  • National Identification cards of each applicant
  • Copy of the certified passports
  • An oath of allegiance is required for each family member over 18 years of age.

How will Enterslice help to obtain the Grenada CBI application?

Our team of experts assist in the seamless process of securing Grenada's Citizenship by Investment. Our team consists of highly qualified experts and helps individuals from states allow citizens of Grenada and their families to obtain the Grenada Citizenship by Investment Program. By obtaining the Grenada Passport, people can travel freely, enjoy tax benefits, get an E2 Visa and have access to the United States by breaking down all the information required by the applicant to present and make the process of obtaining the Grenada Passport.

Cost Effective

Our service will help the investor obtain Grenada Citizenship by Investment quickly, and our experts will assist in the entire procedure of successfully obtaining Grenada Citizenship by Investment at a limited cost and help you obtain it as our cost-effective pathway to gain second citizenship.

Due Diligence

Our experts will perform due diligence in background checks, analysis of the application, and verification of the necessary papers submitted to ensure your application gets successfully accepted and you get citizenship for your seamless business journey.

Expert Assistance

Our experts assist in deciding which investment option to select and will guide you to the benefits of each investment option that is going to be best for you and your family. We provide you with the details of the total cost of Grenada citizenship by investment and will help in the entire detailed process to secure the Grenada Citizenship by Investment Program seamlessly.

Quotation of Prices

Our experts will prepare the quotation for the investment, including the fees and actual costs to be incurred in securing Grenada Citizenship by Investment.

Verification of necessary papers

Our experts will help in preparing the application and necessary papers required for submission with the application. Also, verify all the necessary papers and then submit them to the Government.

Grenada Citizenship by Investment Porgram’s Investment Option

There are two investment options an individual needs to choose to obtain Grenada Citizenship through the Investment Program and to secure a second passport.

National Transformation Fund or an Investment

The National Transformation Fund is a donation to the Government of Grenada to obtain the Grenada Citizenship by Investment Program with a minimum contribution of $150,000 for an individual, and the contribution by the family member is stated below with the administration cost of processing the citizenship application and the processing fees will $1500 per person and $500 for the person under 18 years of age.

  • The individual is required to contribute $150,000 with $ 1500 as application fees and $5000 as a due diligence fee to obtain Grenada citizenship by Investment.
  • The applicant and spouse are required to contribute $200,000 with $1500 per person as application fees and $5000 per person as a due diligence fee to obtain Grenada citizenship by Investment.
  • The applicant’s family of four members is required to contribute $200,000 with $1500 per person as application fees and $5000 for the dependents above 17 years of age as a due diligence fee to obtain Grenada citizenship by Investment.
  • The applicant’s family of more than four members is required to contribute $200,000+ $25000 per additional dependent after the 3rd dependent with $1500 per person as application fees as a due diligence fee to obtain Grenada citizenship by Investment.

Real Estate Investment (Government Approved Real Estate Projects)

The government-approved real estate project investment requires $350,000 for a single applicant and $440,000 for joint investors to contribute as an investment to obtain Grenada Citizenship by Investment to seek more of a return on investment. The application fees will be $1500 per person, $50000 for the applicant, a family of four members, and $ 25,000 for each additional dependent as Government fees.

Advantages of Adding a Grenada Passport

  • No prior visa requirement for over 140+ countries.
  • Applicants can easily include their siblings, and the family will get the same benefits as the applicant receives.
  • Grenada recognizes dual citizenship with no restriction in dual citizenship.
  • The investor can easily register a company by opening a bank account in Grenada.

Grenada Citizenship by Investment Program: An Additional Requirement

Other requirements must be followed while obtaining the Grenada Citizenship by Investment Program.

Family Requirements

The family members, including the dependent's spouse, children, and parents of the investor, get included in the Grenada Citizenship by Investment program application.

Due Diligence Requirements

The individual needs to be of good character so the Government performs a due diligence process and checks the criminal records, no visa refusals and verifies the submitted necessary papers.

Minimum Stay Requirements

Securing a second citizenship in Grenada doesn't have any minimum stay requirements, and after securing the citizenship, the individual will also obtain an E2 visa to run a business in Grenada and the United States without any residential requirements.

Step by Step Procedure: Grenada Citizenship by Investment

Our experts will assist you to step by step in the whole process of obtaining Grenada Citizenship by Investment.

Initial Due Diligence

Our experts conduct initial due diligence and background checks to deduct risks that will lead to application rejection and evaluate the chances of successfully passing Due Diligence.

Preparation of necessary papers

Our experts will provide the list of necessary papers required to obtain the Grenada Passport. We assist in filling out the application forms and help you collect the necessary papers required in the Grenada Citizenship by Investment Program, which will tentatively take 2-3 weeks to submit.

The procedure of Due Diligence and Application

The due diligence begins after the submission of the necessary papers to the Citizenship by Investment Program Unit; they perform due diligence and pass the approval of the application.

Approval of Investment

After the approval, the individual must fulfil the investment conditions and contribute the required amount to either option.

Getting a passport

After fulfilling the required contribution and completing the process, the individual will get a Grenada Passport from the Citizenship by Investment Unit of Grenada.

Grenada Citizenship by Investment, a Time Frame to Process the Citizenship Application in Grenada

The application process in Grenada Citizenship by Investment is efficient and easy because there is no travel requirement for the applicant to visit Grenada for the process. Our experts will assist you in the entire application procedure to obtain Grenada citizenship by Investment, and you will receive the Grenada Passport within three to four months. Each individual can obtain a Grenada Passport by choosing the investment option and obtaining the Grenada Citizenship by Investment.

Grenada Citizenship by Investment and E2 Treaty Investor Visa

Grenada has signed an E2 treaty with the US since 1989, which makes citizens of Grenada eligible for the E2 treaty investor visa and eligible to move to the US to invest and run a business. Also, there are no time limits on E2 Visa, and it keeps on renewing it easily. Enterslice assists you with the E2 visa and helps you to obtain the E2 visa easily and in a very short time. There is no restriction on the type of investment option to choose; you can still obtain an E2 Visa after obtaining Grenada citizenship by Investment.

Comparison of Grenada Citizenship by Investment Program with Other Countries

Offering a second passport is not only an advantage of Grenada citizenship by investment but also several other advantages. The registration period is three to five months, which is usually less than in other countries' citizenship by investment programs. Also, there is no physical requirement to obtain a Grenada Passport, and the applicant can receive the educational benefits in Grenada. Also, Grenada citizens will receive E2 Visa benefits to enter, invest, or work in the USA and run a business easily. Grenada Citizenship by Investment is among the programs of the Caribbean Island that provide visa-free travel to China. The present international standing of Grenada is Solid because it is a part of the Commonwealth, the UN and the CARICOM.

Grenada Citizenship by Investment with New Regulations 2023

In September 2023, the Grenada Citizenship by Investment Program introduced a new requirement. All applicants who are 17 years old or above are now required to attend an interview. This new requirement aims to enhance due diligence and meet the set standards. To proceed with the application, the applicant must complete and submit the interview form along with the necessary necessary papers. The language preference must also be specified, and the applicant must attend a virtual interview.

Frequently Asked Questions

The Grenada Citizenship by Investment program requires the investor to contribute a minimum of $2,00,000 and $25,000, including each additional dependent.

It will approximately take 3-4 months to obtain a Grenada passport.

After holding the investment in real estate for 5 years, the investor re-sells the property in Grenada Citizenship by Investment Program after obtaining the Grenada Passport.

No, there is a residential requirement to secure a Grenada passport.

Individuals with Grenada citizenship are exempt from the income tax on worldwide income or assets held by individuals.

The Citizenship by Investment Unit (CBIU) will perform due diligence and application approval and rejection in Grenada Citizenship by Investment.

After obtaining the Grenada Passport, the individual can enjoy free visa travel to 140+ countries.

The applicant of the following countries is ineligible for Grenada Citizenship by Investment such as

  • Russia
  • Belarus
  • North Korea
  • Iran

 

Yes, it has a favourable tax regime for residents and non-residents.

The individual cannot stay longer than 90 days without a visa.

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