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31 Oct 2024

How to Get Grenada Citizenship by Investment: Your Ultimate Guide

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:

  • There is no visa needed: Grenada passport holders are free of visa requirements or can obtain a visa on arrival to more than 140 states, including the UK, Schengen States, China, and Russia.
  • E-2 visa for investor access: due to the fact you are a Grenadian citizen, you are qualified to apply for the e2 visa for Grеnada to be a US investor. This is very useful for business people who wish to relocate and do business in the USA.
  • Ideally balanced tax system: There are no limitations of any kind for individuals with an increased income, and they will find Grenada an excellent prospect as there is no wealth, inheritance, or capital gains tax nor a tax on foreign income.
  • The Family is Statement: The Grenadian Citizenship Program does not leave aside families either, as you can include your wife, kids, parents, and grandparents when applying for it.

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:

  • Contribution to the National Transformation Fund 

Easiest, there is a one-time payment to the fund called N.T.F. The minimum investment requirement for this option is:

  • $150,000 for a single applicant.
  • $200,000 for a family of up to four members

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:

  • $220,000 (plus additional fees) in a shared real estate development

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:

  • Be at least 18 years old
  • Have no criminal history
  • Undergo and pass a due diligence procedure that is carried out by the state
  • Declare the origin of the money assets meant for 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:

  • Valid identity documents.
  • Educational certificates.
  • A marriage certificate (if necessary)
  • Credentials from the police
  • Certification of having funds for investment purposes
  • Other government form requirements and recent photos shall also be completed in due course

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:

  • Fast Processing: It takes 4-6 months for the whole process, and therefore, it happens to be one of the fastest routes to obtaining second citizenship.
  • Travel Opportunities: One of the things that can be done to also help Indian passport holders is the fact that one travels to over 140 countries with a Grenadian passport.
  • Access to the U.S. Market: This may be a drawback to Indian investors, especially those who may be seeking to invest and acquire U.S. residency. However, Grenada is one of those small countries that holds an E-2 treaty with the U.S., enabling its citizens to be eligible to apply for the coveted E-2 visa. Therefore, their stay in the U.S. is legal since they come through Grenada. Here is how both countries can offer a path to U.S. residency.

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:

  • Customized Assistance: We must appreciate that to have identical clients does not mean that they will be the same in any area of our advice or instruction; hence, in every aspect of your clinical appearance as well as strategies, we usually present solutions as per your need.
  • Legal and Financial Expertise: As our candidate, there is reassurance that your very submission ought to be on point. Our team assists you with anything and everything, from the number of fund origination documents to all the requirements for Grenada documents.
  • Seamless Application Process: We take care of all the paperwork and follow up with the authorities, so you don’t have to worry about delays or missing documents.
  • Transparent Communication: We keep you informed at every stage of the process, so you know exactly what’s happening and what to expect.

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.