Grenada Citizenship

GOLDEN VISA Grenada – CITIZENSHIP

Grenada’s Citizenship by Investment Program was established to attract foreign investments and naturalise foreign citizens and their families in return for their contribution to the economic development and growth of the country.

Grenada Citizenship by Investment Programme:

  • Population: 0.11 million
  • Capital: Saint George’s
  • Language: English
  • Religion: Christian
  • Currency: Eastern Caribbean dollar
  • GDP per capita: 10640$
  • Climate: Warm

Benefits of investing in Grenada

The Grenada islands are of volcanic origin with extremely rich soil. Grenada is well known for its unspoilt and exotic nature and plantations of nutmeg. Grenada citizenship by investment program offers the following benefits for investors:

  • Grenada passport in 3 to 4 months
  • Citizenship for the whole family for life
  • Dual citizenship is recognised
  • Full confidentiality
  • Visa-free access to 127 countries, including China
  • Ability to apply for the US E2 work visa
  • Minimum investment $150,000
  • Investment recoverable after 3 years
  • Highly educated English-speaking workforce
  • Political and social stability
  • No need to pass a language test or come for an interview
  • Beneficial taxation: no wealth, gift, inheritance or capital gains tax
  • No restriction on the repatriation of profits and imported capital
  • Duty-free trading in the Caribbean

Investment options

An applicant must invest in one of the options below in order to apply for Grenada citizenship.

1. Contribution to National Transformation Fund

Applicants can choose to make a non-refundable donation of at least $150,000 to the National Transformation Fund (NTF) plus due diligence and processing charges.

Contribution amount

  • Main applicant: $150,000
  • Family of up to 4 members: $200,000
  • Each additional member: $25,000

2. Investment in real estate

High-net-worth investors and their families can invest in designated, officially approved real estate where the purchase amount does not depend on the number of dependants, plus the payment of government fees. There are two options for real estate investors:

  • Investing a minimum of $350,000 if you want to have full ownership of a property.
  • Two or more investors can buy a property into joint ownsership where each one of them contributes at least $220,000. They must apply together and the property must be in a tourism sector.

Currently, approved projects include property developments such as hotels, villas, and resorts. Real estate must be kept for at least 3-5 years after citizenship is granted after which it can be resold, and investment fully recovered. The propery can be rent out to generate regular income.

Eligibility and requirements

  • Main applicant must be at least 18 years of age.
  • Main applicant must show availability of funds for investment.
  • Applicants over 11 must pass Due Diligence checks.
  • All applicants must be in good health.
  • No previous criminal record and good character.
  • Applicants must not pose national security risk.

Dependant requirements

  • Spouse and minor children.
  • Financially dependent children from 18 to 30 years of age. They are not required to be full-time students.
  • Mentally or physically challenged children fully supported by the main applicant.
  • Parents and grandparents aged 65 and above. They don’t have to be financially dependent on the main applicant.
  • Siblings of the main applicant or their spouse if they don’t have a family or children of their own.

Your 5 steps to Grenadian passport

Standard application process takes 3 to 4 months. It may take longer depending on your circumstances.

  • Step 1: Book an appointment with our specialists and sign a client agreement.
  • Step 2: We will prepare and submit all forms and documents.
  • Step 3: Due diligence checks and processing of application by the government.
  • Step 4: Approval of the application in principle and making an investment.
  • Step 5: Obtaining passport.

Procedures and time frame

Every application follows the same procedure:

Step 1 — Selection of Qualifying Real Estate

We can advise you on the current situation of the real estate market in Cyprus, offering insight into options and conducting searches.  We undertake due diligence on all our research ensuring that you get the best possible advice on market condition and real estate availability.

Step 2 — Prepare citizenship application

Every applicant receives a very detailed application package which includes a checklist of all the documents that need to be submitted.  Some of these may be requested before the package is received as they often take some time to locate.  These include:

  • Birth, marriage and divorce certificates

Police clearance certificates – from country of residence and country of origin (if different).

Step 3 — Submission of citizenship and immigration permit applications

Once the applicant has completed the citizen application it needs to be sent to the Cypriot Ministry of Interior Then, an application for an immigration permit must be sent to the Migration Department.  Applicants must visit the Migration Department to submit biometric data.

 

Since July 2018, only applications that are made via approved, registered providers will be accepted.

 

The usual time-frame for the issue of the immigration card is 5-10 working days from the date of submission.  This allows time for the applicant to travel to, and reside on the Island and wait to receive their Cypriot passport.

 

When the Ministry of Interior receives an application for citizenship it will forward it to the Ministry of Finance.  The Finance Ministry then looks at the financial criteria, gives clearance and returns it to the Ministry of Interior for further checks.  Once these have been completed satisfactorily the application is then sent to the Council of Ministers.

 

The entire process takes approximately 6-8 months.

Step 4 — Issue of Cypriot citizenship certificate

Once the Council of Ministers has ratified the application they issue a letter of approval.  The applicant must have held an immigration permit for 6 months before they go to Cyprus to receive the documents.

The applicants attends a ceremony to swear the oath to the Republic.  Their citizenship certificate is officially stamped and a biometric passport and ID are issued.  This takes around 2-3 hours.  The applicant will need to be present in Cyprus for one working day.

Dual citizenship

No restrictions.

Taxation

The non-domicile scheme states that taxation is based on residence rather than citizenship so Grenada’s citizens do not pay tax on overseas earning.

Personal tax rates progress incrementally up to 35%.  Corporate tax is 12.5% and immovable property tax was abolished in 2016.

VAT is 19% and applies to goods and services in Grenada, including imports and goods from the EU.

Advantages of Citizenship

  • Travel to 173 destinations worldwide Visa-free or  apply on arrival.
  • EU citizenship – free movement, ability to work and study within 27 nation-states.
  • Security within the legal and social system across the EU.
  • Applicants benefits extend to the whole family
  • Rapid completion within 6-8 months
  • Straightforward process
  • Citizenship is inherited by future generations

REAL ESTATE INVESTMENT GRENADA

A few examples of our real estate options for residency and citizenship investment in Grenada.

Culebra is the first building to be developed at Kawana Bay. 21 spacious studios, all with views over Grand Anse Bay towards St. George’s, were…

3 beds 2 baths
3 beds 2 baths

Westerhall Estate $ 6,750,000.00

Westerhall Estate

$ 6,750,000.00

This beauty is located in WesterHall Estate in the Parish of St. David on the beautiful Island of Grenada. The property consists of approximately 3.5…

3.5 acres 5 beds 4 baths
3.5 acres 5 beds 4 baths

Six Senses La Sagesse, Grenada is a government approved project that stands out as the most attractive investment opportunity under the Citizenship-by-Investment Program. Six Senses…

5 beds 4 baths
5 beds 4 baths

CITIZENSHIP AND RESIDENCY PROGRAMMES

A selection of alternative residency and citizenship investment programmes to consider.

Malta

600 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 183 countries

Process Duration: 6 months

Montenegro

450 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 122 countries

Process Duration: 2 months

Cyprus

2 150 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 172 countries

Process Duration: 6 months

Moldova

100 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 119 countries

Process Duration: 6 months

Austria

250 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 185 countries

Process Duration: 24 months

Bulgaria

512 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 169 countries

Process Duration: 6-12 months

Turkey

250 000 EUR Investment

Real Estate

Middle East Citizenship

Visa Free travel to 110 countries

Process Duration: 2 months

Jordan

250 000 EUR Investment

Real Estate

Middle East Citizenship

Visa Free travel to 49 countries

Process Duration: 4 Months

Vanuatu

130 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 125 countries

Process Duration: 6 months

Saint Lucia

100 000 EUR Investment

Real Estate

EU Citizenship

Visa Free travel to 128 countries

Process Duration: 3 months

Saint Kitts & Nevis

200 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 130 countries

Process Duration: 3-4 months

Grenada

150 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 127 countries

Process Duration: 3-4 months

Dominica

100 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 120 countries

Process Duration: 4 months

Antigua & Barbuda

200 000 EUR Investment

Real Estate

Caribbean Citizenship

Visa Free travel to 130 countries

Process Duration: 3-4 months

Residence by investment Programs

Explore the most popular residency by investment programs worlwide

Greece

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Spain

500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 6 months

Portugal

500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Australia

500 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 183 countries

Process Duration: 6 months

Austria

250 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 185 countries

Process Duration: 4 months

Cyprus

2 150 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Canada

1 200 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 180 countries

Process Duration: 6 months

Italy

2 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 150 countries

Process Duration: 6-8 months

Switzerland

250 000EUR Investment

Real Estate

EU Residency

Visa Free travel to 155 countries

Process Duration: 4 months

HongKong

200 000EUR Investment

Real Estate

Asia Residency

Visa Free travel to 79 countries

Process Duration: 3 months

Jersey

1 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 6 months

Latvia

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 129 countries

Process Duration: 3 months

Malaysia

135 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 172 countries

Process Duration: 6 months

Malta

250 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 98 countries

Process Duration: 3-4 months

Monaco

1 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 173 countries

Process Duration: 6 months

New Zealand

5 500 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 173 countries

Process Duration: 6-8 months

Singapore

250 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 65 countries

Process Duration: 6 months

Thailand

60 000 EUR Investment

Real Estate

Asia Residency

Visa Free travel to 120 countries

Process Duration: 3 months

United Kingdom

2 000 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 175 countries

Process Duration: 3 months

USA

 

900 000 EUR Investment

Real Estate

EU Residency

Visa Free travel to 180 countries

Process Duration: 6 months

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