GRENADA
GRENADA
The Grenada Citizenship by Investment Program (CIP) was established in August 2013. This program gives a pathway to foreign nationals to become citizens of Grenada, giving them access to the benefits and privileges related with Grenadian citizenship.
This program permits people and their families to get Grenadian citizenship through making a passing interest in the country’s economy, for example, investment in real estate or contribution to national transformation funds with a minimum investment of US$235,000.
Through Grenada Citizenship by Investment Program, you can enjoy in the pristine sea shores, rich rainforests, and energetic culture mix as a unified whole, and you are likewise qualified for visit 159 countries and territories without visa including China, Russian federation, EU region and UK.
The processing time for the Grenada Citizenship by Investment Program normally goes from 6 to 8 months.
KEY ADVANTAGES OF GRENADA CITIZENSHIP
- Grenada has an E2 Investor visa treaty with USA.
- Visa free travel upto 159 countries and territories including China, russia and EU region.
- No tax on worldwide income, inheritance, wealth and capital gains.
- Spouse, dependent children, dependent siblings, parents and grand parents can be added in the application.
- No residency required for gaining Grenadian citizenship through CIP.
- Grenada recognises dual citizenship so you can retain your current nationality
PROGRAM REQUIREMENTS
The applicant must fulfill one of the following investment options in addition to some additional requirements in order to apply for the Grenada Citizenship by Investment Program.
NATIONAL TRANSFORMATION FUND (NTF)
Non refundable NTF contribution for single applicant is US$235,000.
REAL ESTATE INVESTMENT
The minimum investment in approved real estate project is US$400,000.
APPLICATION PROCESS – STEP BY STEP GUIDE
Step 1: Month 1
Client onboarding
- Screening to check initial eligibility of the applicant.
- Applicant will receive client care agreement for review and signature.
- Applicant will pay first invoice as per agreed payment scheduled.
- For property investment, initial deposit to developer and sign agreement with developer.
Step 2: Month 2-5
Application submission and review
- Gather documents required to submit application, assigned case worker will assist you in the process.
- Thorough assessment of documents by our lawyer in Grenada before submitting it to the Citizenship by Investment Unit (CIU).
- Applicant will pay second invoice as per agreed payment scheduled.
- Our local lawyer will Submit the application in CIU.
- CIU will perform it’s due deligence and we will collaborate with the unit for efficient processing of your application.
Step 3: Month 6-8
Passport issuance
- CIU after evaluation of your application for citizenship will make a decision.
- After approval of application, The applicant will be asked to pay remaining amount as per agreed payment scheduled for investment contribution and other governments fee’s.
- After confirming receipt of investment contributions by the government, CIU will issue certificate of Naturalization, followed by the issuance of your passports.