Your Grenadian citizenship will be passed on to your children and their children. 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. 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. 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. You will not have to visit or live in Grenada for any period of time to obtain or retain your passport. Save my name, email, and website in this browser for the next time I comment. The very minimum that it costs to obtain a Grenadian passport for a single applicant is. Dependent children can be aged up to 30 to be added to an application. Approved Project (Real Estate) in Grenada. In fact, about one-third of all Caribbean real estate development projects ever get finished. 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. We must have a programme that offers attractive benefits, without having to reduce the price.”. Not only can you apply, but you can also bring your spouse, children, parents, grandparents, and even siblings with you. Got an idea of which investment route you’d like to choose? It has pushed strongly to become a tourism-focused and a service-driven economy, and has succeeded. In order to preserve the prestige of Grenada’s Citizenship by Investment (CBI) … Tourism in Grenada is rapidly expanding, mainly because of foreign investment. As always, if you think you want to pursue citizenship in Grenada, take a step back and evaluate this: What are your goals? And there is little surprise. Notice is hereby given that the Grenada Citizenship by Investment Committee has suspended the acceptance of applications in respect of the approved project, Grenada Sustainable Aquaculture, until further notice. The advantages of a Grenadian passport are many. However, it’s a great way to obtain more freedom and achieve one’s financial goals faster, among other advantages. In return, it allows foreign investors obtain permanent legal citizenship and second passport within 4 to 6 months. A country of Grenada’s size has a limited number of ways to make money; it’s also a small economy by virtue. Grenada has been suffering from foreign debt for a long time and approximately 25% of its budget goes towards debt repayment. A second passport can provide greater freedom to travel internationally, peace of mind, as well as financial benefits. best CBI programme, A Great Opportunity to There are direct flights to Grenada from New York, London, Frankfurt, Miami and a few others. Coffee breaks and a relaxed attitude – island time – is something that should be accepted. Grenada Citizenship by Investment. The CBI industry in general has been plagued by real estate developers who collect investor money and then stall the actual development, take a really long time to complete it, or never complete it at all. 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. Your Grenadian citizenship will be passed on to your children and their children. First and foremost, it’s the only Caribbean CBI program that offers visa-free access to China. Ultimately, you’ll need some solid advice when it comes to navigating the CBi world and realizing what the best course of action is for you. The mix of pure, authentic Caribbean of yesteryear and the friendly, modern lifestyle of today makes Grenada the perfect place to live and play. Grenada’s CBI program has been tightened in terms of integrity and security in recent years, as it is facing stiff competition from its neighbors as well as other CBI programs in the world (looking at you, Vanuatu). Address: Grenada Citizenship by Investment, According to the Grenada Citizenship By Investment (CBI) Program, applicants must make an investment of $220,000 in a real estate project that has been approved by the government. You will need to pay, to buy a Grenadian passport. There aren’t many disadvantages to having a Grenadian passport. Fully digital process. Yes, you could certainly say that, especially since Grenada has taken significant moves to speed up the process and simplify the paperwork requirements. Create a legacy that lasts a few lifetimes. 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. Benefits of obtaining Grenada Citizenship. The new program not only has a completely new approach, but it also has big competition. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. Grenada’s investment visa treaty with the USA has made it a popular route for immigrants to the USA. And in Grenada, that proportion stands at one-third. Here are the main pros of having a Grenadian citizenship: Visa-free travel to 135+ countries. Grenada Citizenship by Investment Program Grenada launched their citizenship by investment program in 2013 for the purpose of transforming its economy to be more prosperous. Grenada established and started running its CBI program back in 1997. The main applicant can add his entire family under one application. 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. You can initiate your application process by sending in the main documents. 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. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 153 countries including the UK, EU Schengen countries and China. It allowed foreigners to get a Grenadian passport by making an investment in their island-state. At the state level, since 2013, there is an official program that offers favorable conditions for obtaining Grenada citizenship by investment within 3-4 … It is also the only Caribbean citizenship by investment jurisdiction that is an E-2 Visa Treaty Country meaning that citizens of Grenada may apply for an E-2 visa in the U.S.A. You won’t need to travel to Grenada before, during, or after the process. 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. And that’s why the Grenadian CBI is not the most affordable option out there. The boutique resort offers a relaxing getaway as well as rejuvenating activities, such as spa treatments, hiking, scuba diving and more. Applicants don’t need to be permanent residents before applying for their citizenship – saving paperwork and, most importantly, saving time. It’s when a country’s government decides it wants to attract foreign investment by selling its citizenship. This means that you’re able to buy an investment off another CBI applicant when they are ready to sell. While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. You must pay the government, processing, and application fees as you send in the full application. The application process is straightforward and you won’t be made to jump through any unreasonable hoops. As with many other CBI programs that have a real estate investment option, you are only able to invest in pre-approved real estate projects. Everyone, of course, is subject to stringent due diligence checks – even your dependents. . E-2 visa treaty. No language requirement and no interview. Luckily, my Grenadian passport has eliminated all the back-and-forth.”. Grenada has so many beaches, some of which are rated as the ‘best beaches in the world’ by many publications – cue Grand Anse beach. The Citizenship by Investment program in Grenada is available through investment of $350,000 into government approved real estate projects. Grenada’s CBI programme has won a prestigious award at the 2016 Russian HNWI Forum awards ceremony. Holders of a second passport in Grenada have visa free access to 117 countries. © 2020 Government of Grenada. Capital City: Saint George's: Population: 111,724 (2017 est.) Ability to pass on citizenship to future generations. Our current project, Six Senses La Sagesse in Grenada, offers investors the opportunity to invest in Grenada and receive Grenadian citizenship, and access to reside and work in the United States. Grenada has one of the fastest application processing times in the Caribbean. 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. It cannot be guaranteed that you’d get to go to the United States, but if you’re granted the E-2 visa, it will be valid for five years. Investing in real estate is another option for those who want to obtain a Grenadian passport. Government of Grenada provides foreign wealthy individuals with the opportunity to acquire Caribbean citizenship through investment in the economy. Jovana is our lead R&D Associate at Nomad Capitalist. Coffee breaks and a relaxed attitude – island time – is something that should be accepted. The Grenada Citizenship by Investment program was established in 2013 and has the best citizenship by investment program in the world. That’s not to say that you will face the same issues, but it’s a little something to keep in mind. 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. If you do a lot of business in that country, it might make sense to go for Grenada over any other citizenship by investment. And your new citizenship will not be reported to the country of your current citizenship. It can be renewed for as many times as you’d like, as long as you maintain your ‘substantial’ investment. That’s not to say that you will face the same issues, but it’s a little something to keep in mind. Speedy processing. The amount will differ depending on your situation. 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. In order to preserve the prestige of Grenada’s Citizenship by Investment (CBI) initiatives, the CBI programme is governed by a legal protocol. 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. It’s highly coveted – that’s a fact – and Grenada is the only one out of all of the Caribbean CBIs to have it. Citizenship by investment Grenada’s Citizenship by Investment Programme allows investors and their families to obtain a second citizenship in exchange for an economic contribution to the country. 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. Read on to find out. $158,000. No. It has recently changed the law to require developers to invest 20% of its own funds into each of their projects. You must use a local government-authorized agent in order to apply for your citizenship for both the donation route and the real estate investment route. Unmarried siblings older than 18 years of age of the main applicant and the spouse can be added too. When you think about it in global terms, it’s really quite a dire situation. The citizenship by investment programme for Grenada is one of the newest programmes available to investors. What this Island of Spice has to offer that no other CBi in the region can are two things: 1. Sure, it’s not a novelty in the region as many of Grenada’s neighbors also have similar programs. Visa-free travel to China and Russia. hile it used to take months for an applicant to put this huge bundle of documents together and it took Grenada even longer to process, there is now a pre-check step. Burns Point, Carenage, St George’s, The Grenadian pricing isn’t the cheapest in the region, so you will definitely be paying a premium when you opt for its passport. Learn how your comment data is processed. The country takes the first spot in the top ten Citizenship by Investment rankings of 2020. It’s also worth mentioning that Turkey and Montenegro also have the E-2 treaty, which means you could potentially opt for the CBI programs of those countries to get into the United States. Take an Oath of Allegiance and apply for your passport. Not many other countries in the world have it either; China and India do not, for example. So, what does Grenada have that others don’t? That said, everyone is also put through their paces in the due diligence process. Even though the country’s prime minister states, time and time again, that ‘Grenada is not dependent on its CBI program, the numbers tell us a whole different story. You want the best passport for you, for the best possible price. It is a unique program by a few counts, and it differs from the programs of its regional and global competitors. Grenada’s CBI program is not without its problems. Grenada is one of the few Caribbean countries with access to … While it used to take months for an applicant to put this huge bundle of documents together and it took Grenada even longer to process, there is now a pre-check step. And when it comes to state affairs, no news is good news; investors love stability. What do you want to accomplish? Speaking of which, the main applicant is allowed to add pretty much anyone related to him or her onto the application for a Grenadian citizenship: Obtaining your Grenadian passport isn’t complicated; it can be accomplished in five quick steps that will take approximately 3-4 months. That’s especially the case if you have a large and extended family that you want to tag along. 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