Grenada Citizenship By Investment Requirements And Costs In 2023
Are you ready to embark on one of the most captivating and attractive citizenship programs available in 2023? Take a look at the Citizenship by Investment Program in Grenada. This program provides two investment options: a donation to the National Transformation Fund and a real estate investment route.
In addition to its captivating Caribbean scenery and the potential for a second passport, the citizenship program in Grenada offers a wide range of attractive benefits. Visas are not required to travel to 145 countries, including key Schengen destinations, and Grenadians have the exclusive option to pursue the E2 Investor Visa Treaty with the United States. This treaty provides Grenadians with access to US business opportunities and potential residency.
Investment Programs and The Total Costs for Obtaining a Grenada Passport
If you're looking to get citizenship in Grenada, there are two options you can choose from. You can either choose Non-Refundable Investment, which is all about helping the country’s economy to grow, or you can choose Real Estate Investment, which combines getting citizenship with buying property. Both have their pros and cons, but ultimately it's up to you to decide what's best for you. To get citizenship, you need to be 18 or older, meet the requirements, and pick one of the four options listed below.
Investing in the National Transformation Fund
For a single applicant, you can make a contribution to the National Transformation Fund in Grenada. This is a great way to help the country's development by investing in healthcare, education, infrastructure, and more. For single applicants, you can contribute up to $150,000, and for families, you can add up to $200,000.
Why is Investing in the National Transformation Fund a good choice?
You don't have to worry about any extra fees after the initial investment, and it's still a popular option for both single investors and families with more than five people. Plus, you can get citizenship while helping the country grow. The minimum amount of money you can invest in the National Development Fund is still set at $150,000.
Real Estate Investment Option
The second option for citizenship by investment is real estate investment. This option allows you to invest in real estate projects approved by the government of Grenada. The minimum investment required for this option is $220,000 for a project approved by the government. In addition, an additional $50,000 is added to your real estate investment when applying for citizenship by real estate, further contributing to the development of Grenada.
Keep real estate acquired through this option for at least five years before selling for the value indicated by the real estate owner.
Why is Investing in Real Estate in Grenada a good choice?
When you choose to participate in the Grenada citizenship by investment program through real estate rather than cash, you have the unique advantage of effectively "recouping your investment" after five years from the initial real estate purchase and acquisition of citizenship through this pathway. This feature defines Grenada's program as one of the best and most flexible citizenship alternatives available, not just inside the Grenada government but also in comparison to many other Caribbean countries.
Hidden and Extra Fees for Citizenship in Grenada
When you think about Grenada’s citizenship by investment program, don’t worry about any hidden costs. At Mirabello Consultancy we believe in transparency, which is why all the costs associated with your investment are outlined in the above table.
Each applicant’s situation is different, so please feel free to reach out to our team if you have any questions or need more information on any part of the process. We’ll be happy to answer your questions and give you all the details you need so you can make an informed choice about how to get Grenadian citizenship by investment.
Your journey to a second passport in Grenada is transparent, and we’re here to help you along the way!
Grenada Citizenship Criteria For Eligibility
The primary applicant must be 18 years of age or older.
You must be financially able to meet the investment requirements.
You must be able to prove the origin of your assets.
You must have a clean criminal record
Clean Criminal Record
If you have been convicted of a crime in any jurisdiction where the maximum sentence is more than 6 months in jail (unless you have been unconditionally released), you will not qualify for Grenada citizenship
You and any other applicant with you must be in good health
You and any other applicant with you must be free of any communicable diseases
Your family members included in your application must have a medical practitioner’s certificate
Benefits of Obtaining Citizenship in Grenada
Grenada is a great place to get citizenship if you're looking for a second passport. The Citizenship by Investment program has lots of benefits, so it's a great option for people and families. Here are the main perks of getting citizenship in Grenada:
- Visa-Free Travel: Grenadian citizens enjoy visa-free or visa-on-arrival access to 145 countries and territories worldwide. This extensive list includes sought-after destinations in Europe's Schengen Area, the United Kingdom, Asia, and beyond, facilitating hassle-free international travel.
- E-2 Investor Visa Treaty with the USA: Grenada stands out as the only Caribbean citizenship by investment program with an E-2 Investor Visa Treaty with the United States. This treaty permits Grenadian citizens to apply for a working visa to the USA, offering access to U.S. business opportunities and the potential for U.S. residency.
- Family Inclusion: The Grenada Citizenship by Investment program is family-friendly, allowing the primary applicant to include eligible family members in the application. This includes spouses, children under 30, unmarried siblings aged 18 and over, parents, and even grandparents of the main applicant and spouse.
- Tax Advantages: Grenada boasts a tax-friendly environment for its citizens. There are no taxes on global income, dividends, interest, or royalties received from foreign sources. Inheritance, capital gains, income, and stamp duty are also exempt from taxation.
- Quality Education: Grenada is home to St. George's University, renowned for its medical and academic programs. This offers opportunities for educational pursuits and access to quality learning institutions in the Caribbean region.
- 6. Political Stability: Grenada is known for its political stability, contributing to a secure and peaceful living environment for residents and investors.
What Is Grenada Citizenship By Investment Program?
Grenada Citizenship by Investment is a government program that allows you and your family to get citizenship in Grenada by investing in the country. The program has two investment options, you can include your family, and you can travel visa-free to over 145 countries. Plus, you can get a special E-2 investor visa with the US, get tax benefits, and contribute to the growth of Grenada. The program is managed by the government of Grenada and follows strict due diligence rules to make sure everything is secure and transparent. It's a legitimate way to get citizenship and get all the benefits that come with it.
How to Get a Grenada Passport and Citizenship?
To obtain Grenadian citizenship and a passport, consult experts, meet eligibility criteria, choose an investment option (NTF donation or real estate), undergo due diligence, and submit your application through authorized channels. Upon approval, you can invest (if applicable), receive your citizenship certificate, and apply for a Grenada passport.
How Long Does The Process Typically Take To Obtain Grenadian Citizenship And A Passport?
The timeline for obtaining Grenadian citizenship and a passport through the Grenada Citizenship by Investment Program can vary depending on several factors. However, on average, the process typically takes 4 to 6 months from the initial application submission to the issuance of your citizenship certificate and passport.
The exact duration can be influenced by various factors, including the complexity of your application, the thoroughness of your documentation, government processing times, and the specific circumstances of your chosen investment option (e.g., real estate investment).