Grenada is a small island country with an exemplary business environment. It also offers citizens access to world-class healthcare facilities and educational opportunities.
Citizenship by investment (CBI) in Grenada is a straightforward process. Applicants must select an authorized agent and submit the required documentation. The government will assess all applications through due diligence.
Investing in Grenada Real Estate
Grenada’s citizenship by investment program offers a unique opportunity to gain second citizenship and visa-free travel to more than 130 countries. Applicants invest in the country’s economy to become citizens and obtain its benefits, such as tax exemptions on foreign income and enhanced global mobility. The process can be complex and involves various steps, but working with an international legal agent can help make it more straightforward.
Investing in real estate is one of the most popular ways to achieve Grenada’s CBI. The island has a variety of properties on offer, including luxury hotels and villas. Investing in these properties can provide a good return on your investment and give you access to Grenada’s high-quality healthcare system. Moreover, you can rent out your property and earn passive income.
The government carefully checks real estate to protect investors from unscrupulous developers. Additionally, the investment can be repaid five years after you have received your citizenship.
Another benefit of investing in property is that it allows you to include your family members in the application, ensuring they can enjoy the program’s benefits. It is an important feature, as many people struggle to justify the cost of a second passport alone. With the option to include your spouse and children, you can get all the program’s advantages for a fraction of the cost.
Donating to the National Transformation Fund
Grenada’s economic citizenship program is a popular choice for families seeking to secure the security of a second passport and boost their global mobility. Its low investment requirements and visa-free travel to 153 countries make the country one of the best Caribbean Citizenship by Investment programs.
The National Transformation Fund is a government fund that invests in projects to strengthen Grenada’s economy and increase its resilience to climate change. Applicants who choose this route can obtain citizenship by making a non-refundable donation of at least $150,000 per person. It is the quickest way to gain citizenship and allows family members to become citizens.
To apply for citizenship, you must work with a qualified immigration agent. The agent will help you complete all required documents and submit them to the proper authorities. Once your application is approved in principle, you must make the required investment and submit proof to the Citizenship by Investment Unit.
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In addition, you must complete a medical examination and take an oath of allegiance. Once you have completed these steps, you can receive your passport and enjoy all the Grenada Citizenship by Investment Program benefits. These include visa-free travel to 153 countries and significant tax advantages.
Investing in a Business
Grenada is one of the most attractive destinations for economic citizenship. The program offers a straightforward process and enables investors and their families to live and travel internationally without having to pass any exams or reside in the country for an extended time. Those who obtain Grenadian citizenship can enjoy visa-free or visa-on-arrival access to 144 countries worldwide. The country also has a treaty with the United States that allows its citizens to apply for the E-2 Investor Visa. Citizens of Grenada also benefit from an advantageous tax regime that offers freedom from inheritance, capital gains, and wealth taxes.
The economic citizenship program was launched in 2013 and has since attracted high-net-worth individuals worldwide who wish to boost their family’s global mobility. The program requires applicants to contribute a non-refundable investment to the National Transformation Fund, purchase real estate, or combine both investment routes. The government performs thorough due diligence checks on all applications and assesses applicants’ backgrounds, including police certificates, criminal records, source of funds, and other background checks.
Once the required investment has been made, the applicant can apply for the CIU and receive approval within 90 days. At this point, the authorized agent will transfer all investments and associated fees into an Escrow account overseen by an on-island lawyer.
Investing in Property
Grenada’s property market has been booming since 2015, with the island registering a 26% point increase in 2018, largely thanks to the country’s Citizenship by Investment program. Applicants can invest in pre-approved real estate, buying the object in full ownership or joint participation (asking for a project share) at a starting value of $220,000 per investor. After five years of ownership, investors can sell the property and recover their investments.
Purchasing a home in Grenada is also an excellent opportunity to achieve citizenship, with the country offering visa-free or visa-on-arrival access to 146 countries worldwide. Additionally, the Grenada passport offers tax-free living, with citizens not having to pay taxes on worldwide income, dividends, interest or royalties, or capital gains.
The CBI program is an easy and convenient way to gain citizenship for a family of up to four people. It includes the investor’s spouse, children under 30, and parents. The process is conducted remotely, without needing to travel to Grenada before or after the citizenship application. In addition, Grenada’s CBI program does not require a donation to the government or passing a history or language test. The main requirements are a valid passport and proof of source funds. Applicants can use a designated marketing agent to submit the required documents to the Grenada Citizenship by Investment Committee.