31 Oct 2024
If you want a second passport that will ensure mobility anywhere in the world, bring with it tax advantages, and in addition, provide visa access to the United States E-2 Investor Visa, then one of the most interesting options available is offered by Grenada through its Citizenship by Investment program.
Due to the speedy processing and affordable options offered by Grenada’s program, it is suitable for those who are looking to expand their residency options while soaking up the beauty of the tropical Caribbean island.
Why Grenada?
Grenada stands out among other Caribbean nations offering citizenship by investment due to its unique advantages:
Let’s take a closer look at how you may take advantage of the Grenada Citizenship by Investment program.
Pathways to Citizenship in Grenada
As per the provisions of its Citizenship by Investment program, Grenada has remarkably 2 types of investment options available for the investors:
Easiest, there is a one-time payment to the fund called N.T.F. The minimum investment requirement for this option is:
This approach is suited for those who want a straightforward and quick processing method without the trouble of property management or any obligation in the future.
Real Estate Investment
If you want to invest in an area that gives you a return and qualifies you for citizenship, the real estate route might be more feasible. A government-approved real estate project like hotels, villas, or resorts can help qualify you.
The minimum investment for this option is:
The property must be held for at least five years, and during that time, it can be rented out, generating income for you. You can sell the property after five years without losing your citizenship.
Eligibility Requirements
All applicants must satisfy the financial investment requirements and the eligibility criteria below to qualify for Grenada Citizenship by Investment:
If you meet these basic criteria, you are well on your way to becoming a Grenadian citizen.
Application Process: How It Works
Here is a step-by-step explanation of the application process for the Grenada Citizenship Program:
Select an Investment Option: Make up your mind whether you want to pay a non-refundable government charge to the NTF or wish to purchase property.
Step 2: Documentation Preparation
There are various types of papers that you must possess, including:
Submit your application Once the documents are ready, you need to apply with the help of a licensed agent. Application forms cannot be submitted directly in Grenada since only authorized agents are allowed to make submissions.
Due Diligence All applicants will also undergo a proper check-up by the government of Grenada to ensure that they are persons of good character and legitimate sources of income. The procedure takes about 3-4 months.
Get approval and invest
Once you pass the due diligence procedure, you’ll get your letter of approval. You will subsequently make the necessary investment, whether in real estate or a donation.
Get Citizenship
Once your investment has been approved, then you will be in a position to receive your Grenadian passport with all the rights of a full citizen. Normally, this process takes about 4-6 months from the initiation of your application till its completion.
Key Benefits for Indian Investors
Benefits from the Grenada Citizenship for Indian applicants are:
Reasons for Selecting FRR Immigration?
Particularly in regard to the legal and financial documentation involved in acquiring Grenadian citizenship by investment, it is not going to be an easy task. This is where you get a solution from FRR Immigration. FRR Immigration provides to its clients 360-degree assistance within the clearly defined purpose to help those who wish to obtain a second citizenship.
Here is how FRR Immigration can help you:
If you wish to find your options for Grenada citizenship through investment, you can contact FRR Immigration today. We make the journey to obtaining a second passport smooth and stress-free.