Grenada Citizenship by Investment Program
Grenada launched a Citizenship by Investment program aimed to boost her economy and allow foreigners to obtain citizenship and a passport in a few months. Grenada launched their citizenship by investment program in 2013 to transform its economy to a more prosperous one. The program allows foreign investors to obtain permanent legal citizenship and a second passport. This is within 6 to 9 months. Grenada has strong foreign relations with-The United States and China, making it the only Caribbean citizenship by investment and second passport program with visa free access to China. Not to mention, Grenada holds an E-2 investor visa treaty with the US. This gives Grenada passport holders the right to work in the United States. Citizenship by investment program in Grenada is available through two options. Non-refundable contribution under the National Transformation Fund (NTF) Real Estate investment in an approved project under the Grenada Citizenship by Investment Unit.
Banned Countries: Iran - Russia - North Korea
Which Family Members Can Be Added in the Same Grenada Citizenship by Investment Application?
Grenada Overview
Grenada, nicknamed the Isle of Spice, is famous for its blend of rich resources in nutmeg, cocoa, cloves, and the splendor of smooth white beaches.
Language
English
Currency
East Caribbean Dollar
Total Area
348 Km²
Capital
St George's
Government
Parliamentary democracy
Population
112,523
Grenada Passport Benefits
In the citizenship program of Grenada's application, siblings' sponsorship is allowed. Also, an applicant's language test is unnecessary and shows up in the country for registration of citizenship. More is that Grenada passport holders can, like other citizens, acquire property, live, and work in the country.
The National Transformation Fund
The National Transformation Fund (NTF) purposely sustains Grenada's economy's growth and transformation. Funds finance various projects across many industries, including tourism, trade, agriculture, and alternative energy. A non-refundable contribution depending on the number of dependents is included in the application:
- Single applicantUS $235,000
- Main applicant and spouseUS $235,000
- Family of fourUS $235,000
- Additional dependentsUS $25,000 per applicant (parent or grandparent over 55 or child, starting with the fifth family member)
- Additional dependentsUS $50,000 per applicant (parents/grandparents under the age of 55)
- Dependent siblingsUS $75,000 per applicant
Real Estate Investment
The applicant expected to invest in a government-approved real estate project within Grenada. This is at a minimum value of US $270,000. The investor must hold the property for at least three years from the grant of citizenship. Furthermore, you may only re-sell that real estate under the Citizenship by Investment Program after five years of acquiring citizenship. The following government fees also apply to depend on the number of dependents included in the application:
- Single applicantUS $270,000
- Main applicant and spouseUS $270,000
- Family of fourUS $270,000
- Administrative feeUS $50,000 per each (main applicant, or main applicant and spouse, or per Family of 4)
- Administrative feeUS $25,000 per applicant (parent or grandparent over 55 or child, starting with the fifth family member)
- Administrative feeUS $50,000 per applicant (parents/grandparents under the age of 55)
- Administrative feeUS $ 75,000 per applicant (sibling)
Additional fees for Grenada citizenship options
- Application feeUS $1,500 per applicant
- Processing Fee for dependents over 18US $1,500 per applicant
- Processing Fee for dependents below 18US $500 per applicant
- Due diligence for applicantUS $5,000 per applicant
- Due diligence for spouseUS $5,000 per applicant
- Due diligence for dependents 17 and aboveUS $5,000 per applicant
- Passport fee per applicant over 18US $350 per applicant
- Passport fee per applicant under 18US $250 per applicant
Grenada Visa Free Countries
Over the past several years, the Grenada government has been successfully working on expanding its list of Visa-free countries.
How to Qualify for Grenada citizenship?
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