Grenada established and started running its CBI program back in 1997. The country’s Minister of Trade, Oliver Joseph, said: “You would note that there is no amendment that reduces prices. It was used as a signal to warn criminal offenders that Grenada won’t hesitate to extradite people if such a procedure was ever requested. Yes. . By investing US $220,000, plus associated fees, in a Grenada government-approved real estate project, investors and their families are granted dual citizenship, allowing them to make an investment (suggested minimum amount is US $150,000) in the United States in exchange for residency and the opportunity to work there. But the ‘Island of Spice’ doesn’t just rely on nutmeg or the tourist dollars for its sustenance. Each additional child adds $25,000, parents add $50,000, and siblings add $75,000 to the total bill. That said, you probably won’t want to go and live in Grenada (though it’s possible with weekly direct flights to New York, Miami, London, Frankfurt, and other major hubs). There is no residence requirement to apply and receive a Grenadian passport. Various eligibility factors apply, and many rules and regulations surround the CBI industry. Stories of investors having a really hard time to renew their passports have been circulating online. Minister Alexandra Otway has been awarded the post of Minister of Citizenship by Investment Promotions. If your application is approved, you will have to pay the remaining fees, make the donation or finalize the purchase of real estate. Every applicant to the program will need to make a choice: either go the donation route or invest in real estate. REQUEST FOR PROPOSALS FOR ACCOUNTING SERVICES. We can help you figure it all out. The application process is straightforward and you won’t be made to jump through any unreasonable hoops. Pass it on. All of Europe’s Schengen Area, the UK, Ireland, some Balkan countries, and some of Latin America are available to you visa-free with a Grenadian passport. It’s a fund that is responsible for financing various infrastructure projects in the islands to help Grenada and its people. Holders of a second passport in Grenada have visa free access to 117 countries. Attractive tax regime. Grenada Citizenship by Investment – The Ultimate Guide. Grenada Economic Citizenship Program. No country exclusions. Jovana is our lead R&D Associate at Nomad Capitalist. From the document submission to obtaining your passport, the entire process is fully digital. The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success, How to Obtain French Citizenship By Descent, How to Obtain Ukrainian Citizenship By Descent, How to Obtain Greek Citizenship By Descent. Grenada Citizenship by Investment. In this article, well take a look at what this CBI program entails, and what its main pros and cons are. No matter if you’re single, a couple, or a family of four, you will have to pay. Dependent children between 18 and 30 years of age no longer have to be enrolled in college or university to be eligible. Not under sanctions, restrictions or bans on entry to the European Union, USA, the UK, and Canada, Haven’t been convicted for a crime for which the punishment is 6+ months imprisonment, Are not under current criminal investigation, All children and stepchildren under 30 years old (not necessarily enrolled in higher education), All children, regardless of age, who have a mental or physical disability, Parents or grandparents of the main applicant, 55 years or older, Unmarried siblings of the main applicant, over the age of 18 and childless. As of recent, the government has also approved the sale of CBI properties in the secondary market. Trouble renewing passports. Grenadian citizenship is for life; you will have the right to live and work in the country for as long as you want. You can find the full list here, though we’d also recommend giving it a quick Google, as the official website of Grenada’s CBI program doesn’t seem like it’s updated that often. There are certain conditions that people besides you must fulfill, but Grenada’s CBI program is one of the most inclusive in the world. Plus, the recent changes to the way the real estate investments work, especially the escrowing of investors cash and the 20% own-capital rule that developers must now follow, make us even more confident. . The Nomad Capitalist team can help. Grenada’s Citizenship by Investment Programme is a fantastic way to enjoy the beautiful island of Grenada, explore new paths for your business and expand your passport portfolio. Visa-free travel to China and Russia. Everyone, of course, is subject to stringent due diligence checks – even your dependents. The advantages of a Grenadian passport are many. Your email address will not be published. Is it worth it for you to pay the premium? The Grenadian citizenship program is the best low entry route to obtaining a second passport either through a $150,000 government donation or $220,000 property investment. Grenada is one of the few Caribbean countries with access to … To date, it is the most successful development under Grenada’s Citizenship by Investment Program, having attracted more than 80 per cent of all investment applications. You won’t have to pay for your investment until after you’re approved for Grenada’s citizenship. Grenada’s investment visa treaty with the USA has made it a popular route for immigrants to the USA. However, it’s a great way to obtain more freedom and achieve one’s financial goals faster, among other advantages. The CBI unit will take approximately 2-3 months to process your application. Speedy processing. No wealth, gift, inheritance, or capital gains taxes, and foreign-sourced income is tax free. The application process is straightforward and you won’t be made to jump through any unreasonable hoops. For example, Grenada granted 851 passports in 2018 (21% increase) and raised $54 million (26% increase). Grenada is the only Citizenship by Investment programme that allows unmarried, childless siblings of the main applicant, who are 18 years and older to be included on a family application. None of your personal information will be relayed to any third party and the entire application process is confidential. If these sound appealing, then Grenada might be worth the premium. It will be $214,000 for a family of four. Learn how your comment data is processed. The Grenada Citizenship by Investment program was established in 2013 and has the best citizenship by investment program in the world. Meanwhile, if you’re investing with a partner, your minimum investment drops to. No need to second-guess: Grenada relies heavily upon its CBI program to drive the economy so it will do everything it can to maintain the program’s reputation. How Indians Can Benefit From Grenada's Citizenship-By-Investment Program Festive season uplifts sentiments as investors look for real estate … If you do business in Russia or China often, Grenada might be a great investment saving you lots of hassle and time in the long-run. First, you’ll need to check if you’re eligible: Note that Grenada is one of the few CBI countries with no nationality restrictions, meaning that applicants of all nationalities are welcome to apply. That’s not to say that you will face the same issues, but it’s a little something to keep in mind. As a result of your investment, you will be able to obtain a Grenadian citizenship and the subsequent passport. There aren’t many disadvantages to having a Grenadian passport. Applicants need to retain the real estate investment for a minimum of 5 years to hold on to their Grenadian citizenship. Tourism in Grenada is rapidly expanding, mainly because of foreign investment. The Grenada Citizenship by Investment Committee advises that the website http://grenadadualcitizenship.com IS NOT AN AUTHENTIC website. That’s especially the case if you have a large and extended family that you want to tag along. . The Grenada Citizenship by Investment Programme seeks to attract foreign individuals who will be entitled to obtain citizenship and a passport in a period of approximately 3 months, upon making a investment in either the National Transformation Fund (NTF) or another government- approved project. Second, even though it’s history is turbulent and colonial (the Spaniards, French, and British all vied for Grenada), it’s current international standing is solid. You can also be a dual citizen – there are no restrictions on that. The main applicant can add his entire family under one application. Become a citizen of Grenada in the Caribbean and get a passport offering visa-free travel to 135+ countries. Access to the E-2 visa to the United States, where Grenadian citizens can invest and live. First and foremost, it’s the only Caribbean CBI program that offers visa-free access to China. Grenada’s citizenship by investment is the only one in the Caribbean to offer visa-free travel to China and Russia in addition to Europe and over 130 countries in total. Grenada’s Citizenship by Investment Programme makes it possible for those who invest in Grenada’s economy or real estate development to gain citizenship to live or work in this beautiful Caribbean country. For the willing investor, this particular island offers a few distinct advantages, ones that no other CBI country in the region offers. Process is confidential. There is also no residency requirement, so technically, you will never have to visit the country to become and remain its citizen. Address: Grenada Citizenship by Investment, A Grenada passport holder can travel visa-free to more than 130 countries, including major business hubs such as China, Singapore, Russia, Schengen Zone, and the UK. At the state level, since 2013, there is an official program that offers favorable conditions for obtaining Grenada citizenship by investment within 3-4 … After all, there isn’t much keeping the developers accountable, but Grenada has set out to fix it. Grenada sure isn’t the cheapest program out there, nor is it the one with the speediest access to a passport. Application is by invitation and each applicant, their family and or business partners must be approved individually by the Government of Grenada through a strict due diligence process. However, the two aforementioned advantages and the solid reputation make it a real contender when a high net worth individual starts thinking about adding to their passport portfolio. Grenadian citizenship is for life; you will have the right to live and work in the country for as long as you want. Dual citizenship for life. You won’t need to travel to Grenada for any part of the application. Yes. Invest only after you’re approved. And finally, it’s had a stable government for the last 35+ years. Third, it’s got a favorable location, which doesn’t just mean balmy temperatures of 80F and above  year-round. The Citizenship by Investment Committee invites qualified individuals and institutions to submit proposals for the provision of escrow agent services for the Grenada Citizenship by Investment Programme. Burns Point, Carenage, St George’s, P.O.BOX 298, Grenada, W.I. All of Europe’s Schengen Area, the UK, Ireland, some Balkan countries, and some of Latin America are available to you visa-free with a Grenadian passport. And there is little surprise. . 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But that’s not all, because there are other fees that will need to be paid: All in all, a single person going the donation route will pay $158,000, whereas a family of four (two young children) will shell out $214,000 minimum. not only does the total investment amount differ, but so do the rules. In return, it allows foreign investors obtain permanent legal citizenship and second passport within 4 to 6 months. best CBI programme, A Great Opportunity to +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. You can initiate your application process by sending in the main documents. Take an Oath of Allegiance and apply for your passport. And your new citizenship will not be reported to the country of your current citizenship. And choose wisely (or get help when doing so), because. Some more of the pros of the E-2 visa are that your spouse can freely get employed in the United States, the processing time of the visa is a short two months, and all your dependent family members can come too. Pay all application, processing, and due diligence fees. Grenada’s E-2 visa treaty with the United States is one of the most unique things about the program. Eventually, they got renewed, but after much trouble. Grenada Citizenship by Investment. Luckily, my Grenadian passport has eliminated all the back-and-forth.”. Thanks, Andrew!”, “I wasn’t able to travel to China before without having to deal with the huge hassle of obtaining a visa. All rights reserved. And in Grenada, that proportion stands at one-third. You must, however, make a ‘substantial’ investment. There won’t be an interview, nor is your presence in Grenada required. © 2020 Government of Grenada. There is no way it will compromise on security, the government has said in the past. Grenada has so many beaches, some of which are rated as the ‘best beaches in the world’ by many publications – cue Grand Anse beach. Divers, sailors, newlyweds, and luxury-seekers from all around the world come to enjoy Grenada’s sunshine year-round. Government of Grenada provides foreign wealthy individuals with the opportunity to acquire Caribbean citizenship through investment in the economy. As always, if you think you want to pursue citizenship in Grenada, take a step back and evaluate this: What are your goals? of $1,500 for a single applicant or a couple; add additional $1,500 for each 18+ dependant and $500 per child aged 0-17. You can add a spouse, children (ages 0-30), parents, and even siblings to your application. Sure, it’s not a novelty in the region as many of Grenada’s neighbors also have similar programs. Easy access from the world’s major hubs. Grenada’s CBI programme has won a prestigious award at the 2016 Russian HNWI Forum awards ceremony. The Grenada Citizenship by Investment Program welcomes individuals and their respective family members of excellent character to obtain citizenship in exchange for investing in the country’s prosperity. It’s the E-2 visa treaty with the United States. Capital City: Saint George's: Population: 111,724 (2017 est.) Grenada is the only CBI program to accept siblings, for example. But as far as you’re concerned, it also offers you the option to buy a Grenadian passport in exchange for $150,000-$220,000. Wild rainforests, hidden coves, lush spice plantations, a fun and friendly atmosphere that’s typical in the Caribbean… Grenada has all the prerequisites for a perfect beach holiday. It also has plenty of waterfalls, rum factories, spice farms… you name it. Grenada’s CBI program is not without its problems. Applicants don’t need to be permanent residents before applying for their citizenship – saving paperwork and, most importantly, saving time. Each additional child adds $25,000, parents add $50,000, and siblings add $75,000 to the total bill. As you can tell, Grenada means business when it comes to the due diligence process. But the ‘Island of Spice’ doesn’t just rely on nutmeg or the tourist dollars for its sustenance. People from anywhere in the world can apply, even citizens of Iran, Iraq, Afghanistan, and Syria. You will need to pay $350,000 to buy a Grenadian passport. , though we’d also recommend giving it a quick Google, as the official website of Grenada’s CBI program doesn’t seem like it’s updated that often. It also permits parents/grandparents of any age, and children under age 30, who are not necessarily registered in … A luscious Caribbean island-state, Grenada is known for its vast stretches of white-sand beaches, pristine rainforests, and its spice exports. Only make your investment once your application is approved. However,  both of those countries also command a higher premium and have some other drawbacks when compared with Grenada. A country of Grenada’s size has a limited number of ways to make money; it’s also a small economy by virtue. The Grenada Citizenship by Investment Program Grenada established and started running its CBI program back in 1997. Got an idea of which investment route you’d like to choose? You won’t need to travel to Grenada for any part of the application. Visa-free access to China, giving Grenadian citizens up to 30 days in China per entry, 2. And choose wisely (or get help when doing so), because not only does the total investment amount differ, but so do the rules. The Citizenship by Investment Committee (the Committee) invites locally registered accounting firms to submit proposals for the provision of accounting service, The Citizenship by Investment Committee invites locally registered Civil Engineering firms/Engineers to submit proposals for construction project monitoring and evaluatio. Grenada is one of the very few nations whose citizens do not require a visa to travel to the People’s Republic of China. Grenada has long been a tax haven. Nonetheless, it has a few other advantages, thanks to the recent changes. You will need to submit the following documents: current passport, birth certificate, picture ID, police clearance certificate, education certificate, proof of address, marriage/divorce certificate, bank reference, proof of source of funds, and four different forms. Be part of an exclusive and exciting Citizenship by Investment (CBI) opportunity. That’s not to say that you will face the same issues, but it’s a little something to keep in mind. The Citizenship by Investment Committee invites qualified marketing consultants to submit proposals for the provision of marketing and related services for the Grenada Citizenship by Investment program. When you think about it in global terms, it’s really quite a dire situation. Thus, having a Grenadian passport will allow you to obtain a visa to live and invest in the United States. Successful applicants will enjoy travel visa-free to over 120 countries worldwide including the UK, EU, Brazil, China, Singapore and Hong Kong. It’s highly coveted – that’s a fact – and Grenada is the only one out of all of the Caribbean CBIs to have it. . Investors that choose the real estate investment route are looking to either buy and hold, or buy and generate rental income for the duration of five years, for which the real estate must be held to retain your citizenship. People from anywhere in the world can apply, even citizens of Iran, Iraq, Afghanistan, and Syria. It is a unique program by a few counts, and it differs from the programs of its regional and global competitors. The Grenada citizenship by investment programme provides an opportunity to apply for a Grenada passport and a huge range of benefits including: Visa-free travel to more than 140 countries and territories. . The boutique resort offers a relaxing getaway as well as rejuvenating activities, such as spa treatments, hiking, scuba diving and more. No. From the document submission to obtaining your passport, the entire process is fully digital. Grenada is also known for being an offshore haven and for offering a citizenship by investment (CBI) program for those who want to obtain a, The E-2 VISA – Access to the United States, Make a non-refundable donation to a national fund, Invest in (government-approved) real estate, Set up and run a local business, employing local people, Invest in government bonds or some sort of other financial instruments, No wealth, gift, inheritance, or capital gains taxes, and f. Grenada means business when it comes to the due diligence process. The Grenada Citizenship by Investment Programme welcomes individuals and their families, to obtain citizenship in Grenada by investing in one of Grenada's most exclusive Approved Projects or by contributing to the Government National Transformation Fund (NTF). High price-point. making it possible to obtain Grenadian citizenship by investment in only 60 business days. in administration fees for the real estate investment option. The Grenadian pricing isn’t the cheapest in the region, so you will definitely be paying a premium when you opt for its passport. None of your personal information will be relayed to any third party and the entire application process is confidential. If you ever wanted to hop on a plane and visit your home country, you can. Required fields are marked *. Grenada is the only CBI program to accept siblings, for example. It has no tax on income generated outside of Grenada. The Grenadian passport is valid for a period of 5 years, after which you will have to renew it. The Grenada CBI programme offers a user-friendly second citizenship and a first class investment opportunity whereby applicants can buy government approved real estate from USD220,000. The investor visa to the United States is accessible to all Grenadian citizens, making Grenada the only CBI program in the Caribbean to have this feature. Donate $150,000 to Vanuatu’s local government fund. Are you set on obtaining your Grenadian passport? What does this small collection of islands off the coast of Venezuela have to offer? At the same time, the program leaders have tried to steer a course towards increased revenue too; boosting the integrity and getting more investor money isn’t always a reconcilable effort. Investing in real estate is another option for those who want to obtain a Grenadian passport. The main applicant can add his entire family under one application. Usually, a potential investor will have to accomplish one (or a few) of the following actions: Only after the conditions of the citizenship by investment program are fulfilled will the investor be able to get the passport of the country. For a long time, Grenada has been an agriculturally-driven state, exporting nutmeg, cocoa beans, fish and wheat flour, among other products. Getaway as well as financial benefits ( 21 % increase ) its regional and global competitors and,. 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