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.

Pay a deposit of 10% per item

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.

Single Applicant
USD 150,000
Family of up to 4 including main applicant
USD 200,000

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.

Minimum Investment (must hold for approximately 3 years or longer depending on the stipulations of each project)
USD 200,000
GOVERNMENT FEES

In addition to the purchase of real estate, there are Government fees to be paid.

Family of up to 4 including main applicant spouse and dependents below 30 years)
USD 50,000
Government fees for additional family member (below 30 years)
USD 25,000
Additional unmarried sibling
USD 25,000

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.

Main Applicant
USD 5,000
Spouse
USD 5,000
Dependents aged 17 years to 29 including Parents above 55 years and Siblings above 18 years
USD 5,000

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.

Documents required from each applicant including children:
• Personal Information— Form 1
• Fingerprints — Form 2
• Particulars for the office of home affairs — Form 3
• Medical — Form 4
• Original HIV test results (for all applicants aged 12 or above)
• Passport Application Form
• Oath of Allegiance Form
• Certified copy of all passports held
• Original excerpt of full birth record or certified copy of full birth certificate with MOFA attestation (i.e. a birth document that also includes your parent’s details, or a household register, family book etc.).
• Original Police Record from country of birth, country of citizenship, country of residence (if different), and any country in which the applicant has resided for more than six (6) months in the past ten (10) years, for each applicant seventeen (17) years and over.
• Certified copy of all identity documents/books or cards
• Certified copy of all military service and discharge documents, if applicable (male applicant 18 years and above)
• Twelve (12) Original passport-size photos
• Proof of residential address (certified copy of lease agreement or original utility bill)
• Certified copy of university/college diplomas

Forms and documents required only from the main applicant:
• Approved project sales document (real estate option only)
• Employment status, wealth, and business affiliates — Form 5
• Investment Confirmation — Form 6
• Proof of Source of Funds
• One original bank reference letter issued by an internationally recognized bank, not older than 6 months.
• Original 12 months bank statements
• One original professional reference (e.g. from an attorney, notary public, chartered accountant or other professional of similar standing), not older than 6 months.
• One original Employment letter
• Detailed business background reports/resume/CV
• Original excerpt of marriage record or certified copy of marriage certificates with MOFA attestation (if applicable).
• Certified copy of divorce documents with MOFA attestation (if applicable)
For a personalized document checklist please contact us.

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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