Grenada Citizenship By Investment
Grenada Country Overview
The country’s stunning natural scenery have made it a hot tourist destination, but its spice manufacturing sector is the longest standing backbone of the nation’s economy. However, that economy is greatly boosted by the country’s Citizenship by Investment Program.
Grenada offers a Citizenship by Investment Program, which allows investors to gain citizenship in the country. This program requires investors to make a substantial economic contribution to the country through an approved investment category. In exchange, they are granted full citizenship rights and privileges, including the right to live and work in Grenada.
Grenada's Citizenship by Investment Program
Grenada’s Citizenship by Investment Program has been successful in attracting foreign investment to the country since the government introduced it in 2013, and it has helped boost the economy and make it more attractive to foreign investors.
The premise of the program is extremely simple, investors who have a clean criminal record and make a qualified contribution to the country’s economy can obtain citizenship for themselves and their eligible family members.
Grenada’s strong passport – which grants visa free access to over 145 destinations worldwide – and the simplified process of the program that does not require applicants to travel or reside in Grenada have made the program highly popular amongst the globe’s high net worth individuals.
Grenada citizenship by investment program offers individuals the opportunity to obtain citizenship in Grenada by investing in the country’s economy. This program is designed to attract foreign investors to Grenada and boost its economy. By investing in real estate or a business in Grenada, individuals can obtain citizenship and enjoy the benefits of being a Grenadian citizen, such as visa-free travel to over 140 countries, tax benefits, and access to the Caribbean Community (CARICOM) market. The Grenada Citizenship by Investment program is a popular option for investors looking to diversify their portfolios and gain access to new opportunities.
Our team specializes in assisting individuals with the application process for Grenada citizenship by investment. This program offers a unique opportunity for foreign investors to obtain citizenship in Grenada by significantly investing in the country’s economy. Our experts will guide you through the entire process, from selecting the right investment option to submitting your application and obtaining your passport. We understand the complexities of the application process and will ensure that your application is complete and meets all requirements. With our assistance, you can take advantage of this incredible opportunity and become a citizen of Grenada.
Grenada’s Citizenship by Investment Program provides applicants with two investment options to choose from:
Eligible Family Members
Grenada’s Citizenship by Investment Program allows applicants to add various financially dependent family members to their applications. These members are:
Grenada offers two investment options for investors to choose from. The following fees are common for both options.
|Application Fee||$1,500||$ 1,500 per person||$ 1,500 per person||$ 1,500 per person|
|Due Diligence Fee||$5,000||$ 5,000 per person||* Dependent children 0 – 16 nil * Dependent child 17 – 25 $ 5,000|
|Processing Fee||$1,500||$ 1,500 per person||$ 1,500 per person aged 17 and over, $ 500 for persons under 17||$ 1,500 per person aged 17 and over, $ 500 for persons under 17|
1) Donation to the National Transformation Fund (NTF)
The Grenada National Transformation Fund (NTF) offers an affordable and simple investment option in the form of a non-refundable donation.
A single applicant must invest US$150,000. For a family of four, the investment amount is US$200,000, and an additional US$25,000 is required for each additional dependent after the third. Along with the investment, processing, due diligence, and application fees are to be paid.
|National Transformation Fund Costs||Individual Applicant||Main Applicant + Spouse||Family of four family members||Family over four family members|
|Required Contribution Amount||$150,000||$200,000||$200,000||$ 200,000 plus $ 25,000 per additional dependant after the third dependant|
2) Real Estate Option
The real estate investment option is a popular choice among Grenada citizenship by investment applicants, with slightly more applications lodged under it than the NTF option. This option requires an investment of $350,000 into a government-approved real estate project.
Applicants can choose between buying a residential property or investing in shares of a top-tier resort, which will give them partial ownership and entitle them to annual dividends without incurring property tax or transfer tax.
It is important to ensure that the chosen project is approved by the government, otherwise, the application will not be accepted. Applicants must also maintain their real estate investment for no less than five years before they can resell it.
|Real Estate Option costs||Single Applicant||Main Applicant + Spouse||Family of four family members||Family over four family members|
|Government Fee||$50,000||$50,000||$50,000||$ 50,000 and $ 25,000 per additional dependant after the third dependant|
Grenada’s Citizenship by Investment Program has a streamlined process consisting of a very short list of steps:
MoveAnywhere will conduct preliminary due diligence on the client prior to signing
Choose the investment type and decide on which family members will be included
Collect the documentation
MoveAnywhere will assist in filling out the application and the submission process
Pay government and due diligence fees
Obtain pre-approval and make the investment
Obtain passports and certificates of naturalization
Grenada’s Citizenship by Investment Program has vast array of benefits associated with it, including: