Grenada has several reasons to be a favourite among high net-worth individuals. Having restructured, redeveloped, and re-launched its citizenship by investment programme in 2013, the Caribbean island-nation has become a popular second citizenship option, particularly among those with larger families. Through Grenada’s Programme, successful applicants can obtain citizenship, and later, a passport that allows travel to more than 140 countries and territories.
The Grenada citizenship by investment programme provides an opportunity to apply for a Grenada passport and a huge range of benefits including:
1. Global mobility to 118 countries including Schengen countries and China.
2. Ability to pass on citizenship to future generations
3. The option to apply as an investor under the United States’ exclusive E-2 Visa Programme
4. Citizenship for life, with the right to live and work in the country
5. Right to hold dual citizenship 6. Company registration abroad
THE NATIONAL TRANSFORMATION FUND
The National Transformation Fund NTF was established to assist in the transformation of Grenada’s economy into one that is diversified, resilient, and prosperous. Due Diligence, application, and processing fees apply.
PRE-APPROVED REAL ESTATE
There are two options available to applicants who want to invest in real estate in Grenada. In both cases, the investment must be held for a period of five years from the date citizenship is received. Due diligence, application, and processing fees apply.
a. Joint investment in pre-approved tourism accommodation: USD 220,000
b. Independent investment in pre-approved real estate: USD 350,000
Grenada’s citizenship by investment application process consists of seven steps:
Application and pre-approval by Certified Immigration Consultants. We will look through your application to check everything is in order and confirm it meets the requisite conditions, giving it the best possible chance of being accepted.
Submission of citizenship application
After approving the application, we’ll then send it to Grenada’s Citizenship by Investment Unit (CIU) on your behalf.
Government processing and due diligence checks. The Government of Grenada will process your application and perform due diligence checks, which include checking for criminal records and assessing your ability to provide funds.
Approval in principle.
Once your application is approved in principle, you’ll receive a letter confirming that the CIU has officially granted your request for citizenship.
Make the investment of your choice
Now is the point you submit all the required documentation, pay the government, and make your qualifying investments.
A citizenship certificate will be issued.
After you’ve completed the above steps, you’ll receive a citizenship certificate, officially making you a Grenada citizen.
From submission of the application to an approval in principle, applicants are generally expected to wait three months.
Upon becoming a citizen of Grenada through its Citizenship by Investment Programme, an economic citizen can apply for a passport at the Passport Department of the Royal Grenada Police Force.
It is also possible for that economic citizen to appoint a third party to apply on his or her behalf.Applications for a passport can be submitted as soon as citizenship is received. The passport application process is separate from the citizenship by investment process, and requires the applicant to present a number of documents, including, but not limited to, a certified copy of the applicant’s Certificate of Registration – the document that is issued to an economic citizen at the end of the citizenship by investment process.
Applicants for citizenship should be at least 18 years of age, in good health, of good character, without a criminal record, and able and willing to make the required contribution or investment. You can include:
1. Your spouse
2. Children of the main applicant or of the spouse, under the age of 18
3. Children of the main applicant or spouse aged 18 to 30, supported by the main applicant or the main applicant’s spouse
4. Children of the main applicant or spouse aged 18 or over, physically or mentally challenged, living with and fully supported by the main applicant
5. Parents or grandparents of the main applicant or of the spouse if fully supported by the main applicant or the main applicant’s spouse
6. Siblings of the main applicant or of the spouse, whether biological or adopted, aged at least 18, single, and with no children
By law, an investor cannot apply for citizenship on their own. The applicant needs to contact a licensed agent to participate in the Grenada citizenship by investment. The licensed agent is a law firm that assists applicants at every stage of obtaining citizenship.
INCOMING WIRE TRANSFERS, MARKETING AGENTS’ ADVISORY
Marketing Agents are hereby reminded that the Grenada Co-operative Bank Limited has discontinued the processing of Citizenship by Investment (CBI) related wires (incoming
and outgoing) through their correspondent bank, Crown Agents Bank.
Consequently, CBI-related wires will not be processed in Sterling and EURO currencies.All CBI-related transactions should therefore be routed through their Bank of America correspondent and shall be denominated in USD currency.
We therefore solicit your assistance in ensuring compliance and by sharing this communication with related Sub-Agents.
Failure to comply may result in the Bank closing the accounts of offenders. Please be guided accordingly.