Grenada is one of the Caribbean's most attractive islands. With its wiled mountain peaks, secret coves, spice farms, and lush jungles, it astonishes visitors. Its beaches are picture-perfect, with white or golden sand, palm trees, and the sweet scent of the island's unique spices. Grenada was once a French and British colony, but on February 7, 1974, it declared independence from the United Kingdom.
Grenada Citizenship by Investment
Individuals and their families can receive citizenship or permanent residence in Grenada under the Citizenship by Investment Program. In August 2013, the Citizenship by Investment Program (CIP) was established.
The Grenada Citizenship-by-Investment Program had a number of advantages which including Visa-free or visa-on-arrival travel to 144 countries, including China, Hong Kong, Singapore, the United Kingdom, and the Schengen Area of Europe. Citizenship can be passed down to subsequent generations and new spouses.
Applicants for the Grenada Citizenship by Investment Program must either contribute a considerable amount of money to the country's Economy or purchase a government-approved qualified asset.
To be eligible for the Citizenship by Investment Program, you must meet one of two criteria.
Donation to the National Transformation Fund (NTF): A USD 150,000 non-refundable payment to the NTF.
Option for real estate: A minimum USD 220,000 purchase from a government-approved real estate Property Project.
Validity of ResidenceGrenada has no limitations on dual citizenship and has no minimum requirement to stay in the country. The passport issued is valid for 5 years.
Real Estate InvestmentThe Citizenship by Investment Committee analyses potential initiatives and proposes the process of authorizing a project for citizenship by investment. After that, the Minister makes a decision on whether or not to approve the project and publishes his or her decision in the Gazette.
The great majority of approved projects are currently real estate developments on Grenada's island. Luxury hotels, resorts, and villas are among them.
Applicants who wish to invest in a project that has been approved must do so through an Authorised Local Agent. Real estate investments must be kept for at least three years after citizenship is conferred.
Updates & New RulesInvestors may sell the real estate Property under the Citizenship by Investment Program after five (5) years of acquiring citizenship.
Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you.
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