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Friday, May 24, 2024
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    Grenada Citizenship By Investment Program Benefits & Procedures

    A substantial financial commitment to the nation or the purchase of a qualifying asset with government approval are the two requirements for candidates to the Grenada Citizenship by Investment Program.

    The applicants and their families will receive citizenship in return, subject to a rigorous screening and due diligence procedure that includes extensive background checks.

    Benefits of the Grenada Citizenship by Investment Program

    • Visa-free or visa-on-arrival access to over 140 destinations, including China, Hong Kong, Singapore, the UK, and Europe’s Schengen Area.
    • The only Caribbean citizenship by investment program that holds an E-2 Investor Visa Treaty with the USA, allowing citizens to be eligible to apply for a non-immigrant visa after being domiciled in Grenada for a continuous period of three years.
    • Citizenship transferable to new spouses and future generations.
    • The ability to include a spouse, children under 30, unmarried siblings aged 18 and over, parents, and grandparents of the main applicant and spouse.
    • No restrictions on dual citizenship in Grenada.
    • No minimum stay required.

    Requirements of Grenadian citizenship by investment

    To qualify for citizenship, the primary applicant must be over 18 years of age, meet the application requirements, and satisfy one of the two primary qualifying options:

    • National Transformation Fund donation option: A minimum non-refundable contribution to the NTF of USD 150,000 for single applicants.
    • Real estate option: A purchase of at least USD 220,000 from a government-approved real estate project. An additional minimum non-refundable contribution of USD 50,000 applies for this option. The real estate must be held for five years if it is resold as a qualifying investment to another citizenship by investment investor. Alternatively, it can be sold at any point after purchase.

    Procedures and time frame

    The application process for Grenadian citizenship is efficient and uncomplicated, and the applicant is not required to visit Grenada to complete the process.

    It will include all the relevant documentation, accompanied by detailed instructions. Once everything is returned to us, we will double-check the application for completeness and accuracy to minimize the possibility of rejection.

    Once an application is submitted, the government generally provides an answer within 90 days. Passports for successful applicants will be issued within 10 working days.

    Applicants are not required to pick up their passports in person.

    Under the real estate option, the time frame may vary depending upon the project. Therefore, it is important to select a real estate project that is able to provide the necessary paperwork from the developer.

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