Grenada
Popularly known as “The Spice Island”, because of the myriad of locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.
WHY CHOOSE GRENADA?
Officially the newest of its kind in the world, the Grenadian Citizenship-by-Investment Program provides the following prime benefits:
- Inclusion of parents above 55;
- No physical residency requirements;
- No interview, education or management experience required;
- Visa-free travel to over 145 countries including the Schengen Zone, UK, China, Russia and the E2 Visa for USA (conditions apply).
- Grenada is a Commonwealth nation.
- Nationality is granted to the family – including dependent children up to the age of 30. The program also includes the unmarried siblings of the main applicant and spouse, who are single with no children. As well as the parents of the main applicant.
- The processing time for the passport is between 6 and 9 months
- It is not required to visit or reside in the country in order to obtain the passport.
- No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship, therefore you can still benefit from your current citizenship status.
QUALIFICATIONS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.
The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.
As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing. Through the implementation of the Citizenship-By-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.
The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined below, in addition to the following criteria:
- Be of outstanding character;
- Hold no criminal record;
- Have excellent health;
- Have a high personal net worth.
INVESTMENT OPTIONS
- Make a non-refundable donation to the government of Grenada, with prices starting from $150,000 USD for an individual applicant, $200,000 USD for family up to 4, (additional family members can be added with additional fees).
- Or make an investment in a government approved hotel real estate project, with pricing starting from $350,000 USD – and the investment is to be held for 3 year.
- Or make an investment in a government approved hotel real estate project, with pricing starting from $220,000 USD – and hold the investment for 5 years.
- Additional fees apply for governmental, legal, and administrative Final pricing dependent on family size and age of family members
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December 31, 2021
