Published
April 7, 2024
Category
Citizenship by investment programs

Grenada Passport Renewal Fees and Validity Period

Renewing a passport in Grenada can cost from $105 to $205 depending the process you choose to renew your passport. In the meantime, you can consider Grenada's Citizenship by Investment Program who are looking to earn citizenship through investment. This program requires to make a significant financial commitment to the country or to invest in government-approved qualifying items. In exchange, applicants and their families undergo a rigorous vetting procedure, including intensive background checks, to verify eligibility and reliability. There are several Pathways to Grenada Citizenship by Investment. First is the National Transformation Fund (NTF) Investment Option or Investment in Real Estate in Grenada. It’s always important to keep in mind that receiving a passport can take several months when obtaining a Grenada passport by investment programs, however, renewing it every 10 years will take only 3 to 4 weeks. 

The Passport Renewal Process for Grenada

The passport renewal process for Grenada necessitates strict attention to detail and respect to particular requirements. Whether you use online renewal services or traditional means, understanding the complexities of the process is critical to ensuring a seamless experience. From gathering the necessary paperwork to submitting your application and following its progress, every step is critical to obtaining a renewed passport. 

Here's a step-by-step guide to help you through:

  1. Gather Required Documents: Begin by gathering all of the necessary paperwork for your passport renewal. Working with a reputed law firm can help, especially if you're renewing your passport online. Ensure that you complete all relevant areas of the application form, including areas 1, 3, 4, 5, 7, and 10. Also, if relevant, complete Sections 2, 6, 8, and 9. Please submit two passport-sized pictures, one of which must be endorsed by a Recommender. Follow the photo specifications closely, ensuring no spectacles, hair bands, or large earrings are worn, and that ears and chest are visible while keeping hair away from the face. If the applicant is under 16 years old, parental consent must be obtained. Married applicants should present their original marriage certificate, while divorced individuals must provide it.These materials are required for all applicants and must be included in the submission.
  2. Submit Application: Once you have all of the required documentation, submit your application. If sending it via mail, use trackable postal services to ensure safe delivery. Wait for confirmation of receipt from the Grenada Passport Office.
  3. Passport Office Processing and Receiving: When you submit your application, the Grenada Passport Office will begin processing it. Renewing a passport typically takes about three weeks. The Passport Office sends passports to Grenada embassies for renewal every week. However, processing timeframes may vary depending on the present volume and the additional services required. Keep track of your application's progress, since the Grenada embassy passport renewal office may issue you a tracking number upon submission. Following the renewal process online can help you be on top of the updates of your passport status.

Fees Associated with Grenada Passport Renewal

When it comes to renewing a Grenada passport, there are several considerations to keep in mind, especially for citizenship by investment holders. While the standard renewal fee for a Grenada passport is USD 105, there may be additional costs associated with the renewal process. 

To be aware of these fees we highly recommend working closely with a law firm and we are one of them! But before renewing your passport, it's important to evaluate any additional expenses or services with Mirabello Consultancy :

  1. Legal Services: If you choose to enlist the help of a professional firm to assist with the renewal application, there may be fees associated with their services. The exact cost can vary depending on the complexity of your situation and the services provided.
  2. Bank Commission: When making your payment for the passport renewal, banks or financial institutions may charge a commission fee for processing the transaction. This fee is typically small but should be taken into account when budgeting for the renewal process.
  3. Forwarding of Documents: If you're not renewing your passport in person at a consulate or embassy, you may need to use mailing or courier services to send your application and supporting documents to Grenada. The cost of these services will depend on the shipping method chosen and the distance the documents need to travel.

It's important to note that while the standard renewal fee for a new e-passport is $250 USD, the renewal fee within the USA is $105 USD. Maintaining a valid passport is crucial for citizenship holders to uphold their legal status and continue enjoying the benefits associated with Grenadian citizenship.

Citizenship by Investment Program fees in Grenada 

In addition to the National Transformation Fund (NTF) Investment Option, another pathway to acquiring citizenship through investment in Grenada is through real estate investment. Under this option, applicants can invest in government-approved real estate projects in Grenada. To qualify, individuals must make a minimum real estate investment of USD 220,000 in a government-approved project. Additionally, there is an extra minimum non-refundable contribution of USD 50,000 to the tax system required for Grenada citizenship by investment in real estate. This contribution further supports the development initiatives in Grenada.

Investment Amount

Main Applicant: $150,000

Couple: $200,000

Family (5+ members): $200,000

Total Other Fees

Main Applicant: $4,000

Couple: $6,500

Parent (under 55): + $50,000 per parent

Parent (over 55): + $25,000 per parent

Sibling: + $75,000 per sibling

Due Diligence

Main Applicant: $5,000

Couple: $10,000

Each Family Member: + $5,000 per family member

It's important to note that any real estate acquired through this option must be retained for a minimum of five years before it can be sold at the value suggested by the property owner. This requirement ensures that the investment contributes to the stability and growth of Grenada's real estate sector while providing a pathway to citizenship for the investor and their family members.

Real Estate Minimum Amount

Main Applicant: $220,000

Couple: $220,000

Family (5+ members): $220,000

Total Other Fees

Main Applicant: $4,000

Couple: $6,500

Parent (under 55): + $50,000 per parent

Parent (over 55): + $25,000 per parent

Sibling: + $75,000 per sibling

Due Diligence

Main Applicant: $5,000

Couple: $10,000

Each Family Member: + $5,000 per family member

Benefits of Grenada Citizenship

Grenada citizenship offers a multitude of benefits that are highly attractive to individuals seeking investment migration opportunities. Maintaining your passport assures continued access to these benefits and protects your position as a Grenadian citizen. To fully take advantage of these perks, you must stay updated about the passport renewal process through the Grenada embassy or consulate. Some of the main benefits include:

  1. E-2 Visa for the USA: Grenada citizens have the opportunity to apply for an E-2 Investor Visa for the United States. This visa allows individuals to invest in and manage businesses in the US, providing a pathway to residency and potential citizenship.
  2. Family Inclusion: Grenada citizenship extends to the immediate family members of the main applicant, including spouses, children, and dependent parents. This means that the entire family can benefit from the privileges associated with Grenadian citizenship.
  3. No Tax Hassle: Grenada is renowned for its favorable tax environment. Citizens are not subjected to personal income tax, capital gains tax, inheritance tax, or wealth tax, making it an appealing destination for investors seeking tax efficiency.
  4. Visa-Free Travel: Grenada passport holders enjoy visa-free or visa-on-arrival access to over 145 countries and territories worldwide. This facilitates hassle-free travel for business, leisure, or relocation purposes, enhancing mobility and opportunities for global engagement.
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