GRENADA
$150,000
Overview
The Grenada Citizenship by Investment Program was launched in August 2013. The program of Grenada is the only Caribbean program with visa free access to China and the option to apply for E-2 USA ‘Investor Visa’ to reside in the United States. Grenada citizenship applicants obtain an irrevocable citizenship and passport without having to reside in the country or renounce their current nationality.
Description
Country Info
Grenada is an island country of the West Indies; it is a cluster of islands consisting of the main island (Grenada) as well as six smaller islands in the southeastern Caribbean Sea. Grenada gained independence in 1974 without breaking formal ties with the Commonwealth. It is famously known as the “Isle of Spice” for its spice trading business and it is beautifully known for its breathtaking natural beauty and idyllic beaches.
Grenada’s second passport and citizenship program is a well-established and very trusted Citizenship by Investment Program. Worldwide investors have invested in this Grenada’s second passport given its many benefits of visa-free travel, preservation of wealth and passport reputation.
Costs
To be eligible for the citizenship of Grenada under its Citizenship by Investment Program, there are two options to choose from:
1. DONATION TO THE NATIONAL TRANSFORMATION FUND (NTF)
Non-refundable financial contribution to a Government fund. The cost varies depending on the number of applicants and their ages.
2. REAL ESTATE INVESTMENT
Grenada Citizenship by Investment through one of the Government approved real estate projects which could be a freehold property with title deed; hotel shares; fractional ownership or land. The investment and real estate Government fees are payable once the citizenship is approved.
GOVERNMENT FEES
In addition to the purchase of real estate, there are Government fees to be paid.
DUE DILIGENCE & BACKGROUND CHECKS
Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. These fees are payable upon the submission of the application.
Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.
Required Documents
Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case, CitizenshipInvest prepares a personalized checklist.
Timeline
MONTH 1-2
CI will pre-screen your passport for government pre-approval. A down payment for professional fees is payable to start your application.
CI professional team will assist and advise you with the collection of the documents required by the Government. Once the file is ready for submission, Government Processing Fees, Due Diligence and CI submission invoice are payable. CI submits your application.
MONTH 3-4
Due Diligence report is issued to the Government. Based on the results, the Government makes a decision on your Citizenship application. Once approved you are invited to pay the donation or investment.
MONTH 5
Citizenship Certificates and passports are issued. The balance of CI professional fee is paid.
The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.
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