GRENADA
GRENADA
GRENADA
CITIZENSHIP BY INVESTMENT
ABOUT
Grenada, or as it is known as the Isle of Spices, due to the wide variety and production of spices, in addition to nutmeg and cocoa. It has a tropical climate, fertile and rich soil which encouraged its inhabitants to practice agriculture.
Grenada is located between the Caribbean Sea and Atlantic Ocean, It is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines. The average area is 344 km². It has an estimated population of 110.000 people. St George’s is the capital of the state. English is the official language, and the currency is East Caribbean dollar, denoted by XCD (every 1 USD equals 2.7 Eastern Caribbean dollars). It should be noted that Grenada follows a monarchy as Queen Elizabeth II is considered the honorary head of state.
How to obtain citizenship by investment ?
OPTION 1
Government non-refundable Donation to National Transformation Fund (NTF):
- $150,000 for a single applicant
- $200,000 The minimum investment for a family of 4 members.
- $ 25,000 Additional fees for each new member after the second child.
- $75,000 Additional fees for each Sibling
In addition to Government Fees, Administrative Fees, and Due Diligence Fees.
OPTION 2
Purchasing a property from one of the real estate projects approved by the government:
There are two choices:
- Either buy a property with a private title deed of $350,000, while preserving the property for 4 years.
- Or buy a property with a joint ownership deed of $220,000, while maintaining the property for 5 years.
Government Fees:
- $50,000 for a family of 4 people.
- $25,000 Additional fees for each new member after the second child.
- $75,000 Additional fees for each sibling
In addition to Government Fees, Administrative Fees, and Due Diligence Fees.
BENEFITS
- The ability to include the spouse and children under the age of 30 in the main application.
- The ability to include the father, mother, grandfather and grandmother also to both the applicant and / or spouse.
- It is the only investment citizenship program in the world that accepts the addition of the applicant’s brothers or sisters to the citizenship application, but under certain conditions, and for an additional value ($ 75,000 per brother, sister).
- The ability to pass one’s citizenship to future generations by descent as it is a first-class citizenship.
- Dual Nationality: No obligation to relinquish current nationality.
- No language requirements for residence or citizenship.
- Qualified investment by the government is the only eligible for successful application. Unlike other investment programs.
- Full confidentiality in carrying out the procedures.
- Paying the minimum administrative fees for the transaction, while the large investment value is paid after the government’s approval of the citizenship application.
- No interview, education, or management experience required.
- No requirement to reside in Grenada before, during, or after citizenship is granted
ADVANTAGES
- Access more than 140 countries with Grenada passport without the need to apply for a visa, including Europe’s Schengen area, the United Kingdom, China, Singapore, and Hong Kong.
- E2 investor visa opportunity.
- Ownership of the 33rd ranked passport in the world.
- Possibility of establishing a company in any country in the world.
- Lowest tax rates and free trade environment.
- Beneficial tax regime – you will not be liable to any income tax, capital gains tax or inheritance tax.
- Ability to study in one of the most powerful universities in the world.
REQUIRED DOCUMENTS
- Birth certificate for all applicants and a marriage certificate.
- Clear criminal record.
- A bank financial statement with proof of a legal source of income
- Medical examination (health certificate that it is free of diseases)
- CV. and recommendation letters.
STEPS
- Sign the contract with CBI and make the down payment. ( START)
- Prepare ALL the Required Documents by the investor, with the support of our office and legal teams, who will review, translate and check-up the entire file before sending it to the island’s lawyer. (Estimated Time 30-45 days)
- Sending the documents to the Island where our lawyer will check the papers for the last time before submitting the application, and the Transfer the Government first payment to submit the Documents. (Estimated Time 15 days)
- From now on we have 60 days processing time, As per Government announcement (60 working days). (Estimated Time 60 days)
- Government Approval of the Application. Making the final payment to the Government. (Estimated Time 10 days).
- Issuing the naturalization document & printing the Passport. (Estimated Time 10 days)
- Handover or sending the “Naturalization Document” and the Passport to a convenient place. (Estimated Time 5 days).