Grenada
Obtain citizenship via real estate investment at $ 220,000. Also, Apply for E2 and start business in the USA.
About Grenada
Located in the south of the Caribbean’s, Grenada is the island that has probably the most picturesque waterfronts in all the Caribbean. Also known as the ‘Island of Spice’ or the ‘Spice Island’ for the numerous locally grown spices, Grenada is renowned world over for its picturesque sceneries and beautiful beaches. Besides a multitude of other reasons, the transcendental scenery is one of the reasons to visit the three beautiful main islands. Lately, Grenada has started featuring in many tourists’ list of destinations worth visiting for a relaxing getaway. Mesmerizing beaches, enthralling water sports such as diving and sailing, great restaurants and the celebrations of numerous festivities round the year have made Grenada the most preferred destination of many high net worth investors.
Grenada’s Citizenship by Investment Program
In August 2013, the Grenadian Parliament passed Act No. 15 of 2013 (also known as the ‘Grenada Citizenship by Investment Act, 2013’) and with it came into existence the Citizenship by Investment Program. To “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada” is the objective of the act. The citizenship of Grenada can be acquired through investment by either investing in government-approved real estate or by donating to the National Transformation Fund.
MAKE AN ENQUIRY
Qualifying criteria
- The main applicant ought to be of 18 years of age or above.
- He or she must not have any criminal record.
- He or she must pass a Due Diligence examination.
- The applicant ought to make the appropriate investment.
- It is mandatory for the applicant to hold the real estate investment for 5 years.
- The applicant may include dependents, if any, in the application. Any dependents children aged up to 36 years of age will be considered dependents if and only if they are fully dependent on the main applicant and studying full time for higher education and unmarried.
- The applicant can include dependent parents above 55 years and grandparents.
- The applicant can also include unmarried siblings in the applications.
- Real Estate
The applicant can purchase a government pre-approved real estate project worth a minimum of US $ 299,880 and maintain it for 5 years. After 5 years, the property can be sold.
The Government fees to be paid under this investment option is:-
- For the main applicant and a family of 4 - US $ 50,000/-
- For each extra dependent - US $ 25,000/-
The due diligence and background check fees to be paid by the applicant is as follows:-
- For the main applicant and each applicant - US $ 5,000/-
- For a dependent aged between 12 to 17 years - US $ 2,000/-
The additional processing and application fees are:-
- Processing fee for each applicant - US $ 1,500/-
- Processing fee for each applicant below 18 years of age - US $ 500/-
- Application fee for each applicant - US $ 1,500/-
- Donation to National Transformation Fund
Under this option, the applicant can make a one-time monetary contribution of US $ 200,000/- for a family of four or US $150,000 for an individual applicants. For each additional dependent, the contribution is US $ 25,000/-.
The due diligence and background check fees to be paid by the applicant is:-
- For the main applicant and each applicant - US $ 5,000/-
- For dependent aged between 12 to 17 years - US $ 2,000/-
The additional processing and application fees to be paid is:-
- Processing fee for each applicant - US $ 1,500/-
- Processing fee for each applicant below 18 years of age - US $ 500/-
- Application fee for each applicant - US $ 1,500/-
Advantages
- It takes just 4 to 6 months for the grant of citizenship.
- Dual citizenship is recognized by Grenada, so that one need not renounce one’s current citizenship.
- During the application process or after the grant of citizenship, it is not mandatory for the applicant to visit Grenada.
- Dependent children, up to 30 years of age can be included by applicants.
- Parents over 55 years of age can be included as well as grandparents.
- Unmarried siblings of main applicants and spouses can be included in the applications.
- Unique and lucrative opportunities for business and tax planning offered by off-shore bank accounts, investments, and companies.
- Under the E-2 visa program, the investors are allowed to establish a business in the U.S. and live there.
- The applicant can sell the property after 5 years.
- The passport holders of Grenada can enjoy visa-free travel to more than 140 countries throughout the world including Europe’s Schengen zone, UK, Singapore, Russia, and China. The list of countries where Visa-free travel is applicable is as follows:-
Nations of Americas such as Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Bonaire, Brazil, British Virgin Islands, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Curacao, Dominica, Dominican Republic, Ecuador, Falkland Islands, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Montserrat, Nicaragua, Panama, Peru, Saba, Saint Barthelemy, Saint Helena, Saint Eustatius, Saint Kitts and Nevis, Saint Lucia, Saint Maarten, Saint Martin, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, and Venezuela.
Nations of Africa such as Ascension, Botswana, Cape Verde, Central African Republic, Egypt, Gambia, Ghana, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Rwanda, Saint Helena, Seychelles, Swaziland, Tanzania, Togo, Tristan da Cunha, Uganda, Zambia, and Zimbabwe.
Nations of Asia such as Armenia, Bangladesh, Brunei, Cambodia, China, Darussalam, Hong Kong, Indonesia, Iran, Israel, Jordan, Laos, Macau, Malaysia, Maldives, Nepal, Philippines, Sri Lanka, Singapore, South Korea, Timor-Leste, and Turkey.
Nations of Oceania such as Cook Islands, Fiji, Micronesia, Kiribati, Nauru, Niue, Palau, Papua New Guinea, Pitcairn Islands, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu.
Nations of Europe such as Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Georgia, Greece, Greenland, Guernsey, Holy see, Hungary, Iceland, Ireland (Rep.), Isle od Man, Italy, Jersey, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, and Vatican City.