With a population of around 110,000 on the island of 344 km2 (133 mi2), the ‘Spice Isle’ is one of the most beautifully lush islands in the West Indies. Naturally exotic, Grenada’s breathtaking scenery includes mountain waterfalls and golden beaches surrounded by tropical rain forests. The view is appealing even to the most discerning world traveler. This mix of unspoiled authentic Caribbean of yesteryear and friendly and modern lifestyle today, makes it the perfect place to live and play.
In 2013, the independent island nation of Grenada re-launched their Citizenship by Investment Programme.
Advantages of Grenada Citizenship by Investment Programme:
A speedy application process; a law mandates that routine applications will be approved within 60 days of submission, with the passport issued immediately thereafter.
(The application must be submitted after the background checks have been performed.)
Family Friendly: By not charging exorbitant processing and due diligence fees for spouses and family members, Grenada is an attractive option for international businessmen looking for security and travel options for their families.
Good Visa-Free Travel: The Grenada passport allows visa-free travel to more than 135 countries.
Zero Tax: The island has no income, wealth or inheritance taxes. World Class University: Grenada is home to St. Georges University, anaccredited medical, veterinary and arts & science educational institution. There is no requirement to visit Grenada in order to qualify for citizenship.
Government Donation to National Transformation Fund (NTF)
In order to qualify for this programme, the applicant makes a donation to the government-controlled National Transformation Fund (NTF). This option allows one to complete the process in two stages: the permanent residence stage and the citizenship application stage. However, you can apply directly for citizenship only.
The minimum investment is US$200,000 and additional fees apply per family member.
Real Estate Investment
To qualify, the applicant must invest in approved real estate with a minimum value of US$350,000.
The process of obtaining Grenada Citizenship by Investment usually takes 3-4 months. The applicant must enter into a sales and purchase agreement with an approved real estate project and transfer full investment and associated fees to an Escrow account controlled by an on island attorney. Once it is done, the authorized agent submits applications and required documents to the Government and receives the Approval and the Certificate of Naturalization. With these documents on hand, the authorized agent submits a request for passport.
Schedule of fees
Applicants and their families will also have to pay the following fees depending on the size of the family for either of the investment options:
Processing Fee (for both options):
|US$ 1,500 per person||US$ 1,500|
|Applicant under 18 y.o.||US$ 500 per person|
|Application Fee (for both options)||US$ 1,500 per person|
Government Fee (for Real Estate Investment Option):
|Application for a family up to four members
(principal applicant + 3 dependents)
|Additional dependent after a third||US$ 25,000|
Due Diligence Fee (for both options):
|Principal Applicant||US$ 5,000|
|Dependent child aged 0-11||US$ 0|
|Dependent child aged 12-17||US$ 2,000|
|Dependent child aged 18-25||US$ 5,000|
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Interested in obtaining citizenship though purchasing a real estate?
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