Citizenship by Investment - Grenada
|COUNTRY NAME||COUNTRY CODE||CONTINENT||POLITICAL ENTITY|
Parliamentary Representative Democracy
|REAL ESTATE||CURRENCY||TYPE OF PROGRAM||INVESTMENT OPTION / AMOUNT|
Citizenship by Investment
200K-350K (single applicant
|TIME TO RESIDENCY||TIME TO CITIZENSHIP||PHYSICAL RESIDENCY||RECOVERY TIME|
Real Estate in 5 years
Grenada is one of the most exquisitely beautiful islands in the West Indies. It’s exotic and enjoy a veil of mystery with its hidden coves, jagged mountain ranges, spice plantations, and hectares of rainforests. It is touted as the Isle of Spice. It has beaches that are adorned by fine white sand, palm trees, and the gentle aroma of spices. Grenada is also known for fun, friendly, and colorful culture of the Caribbean. Grenada is composed of three islands: Grenada, Carriacou, and Petite Martinique. It is laced with historic sites, brimming with cultural pride, and rich with culinary delights. The country is close to the equator which gives it a tropical climate all throughout. Grenada used to be French and British colony. It gained its independence from the United Kingdom on February 7, 1974.
Citizenship by Investment
Grenada’s citizenship by investment program started in 1997. In 2013, the program was updated under the Citizenship by Investment Act No. 15 which enables applicants to acquire citizenship in just two months. There are several benefits to the citizenship by investment program of Grenada. First of all there is no residence requirement. Visa holders can also enter visa-free 116 countries which include the Schengen area, Hong Kong, China, UK, and Singapore. It enables quick change of tax residence and fast tracks the US E-2 visa. It also makes it possible to register companies and assets with the use of the second passport.
Conditions of Eligibility
There are two types of investment options under Grenada’s citizenship by investment program. The first one is a one-time donation of $150,000 to the National Transformation Fund (NTF). It’s a government fund aimed for developing Grenada’s economy.
The second one is a real estate investment in Grenada. These properties are approved by the government under the program. It is required for the investor to own the property for a minimum of four years.
The main applicant must be at least 18 years old without any criminal record, and in good health. He or she must have gone through the checks and approvals diligently and must have confirmed investment sources. The Grenada passport may also be obtained by the applicant’s spouse, adult children who are under 30 years old, and parents who are above 55 years old.
The Grenada passport can be obtained in approximately 2 months. The passport is valid for 5 years.
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