Grenada Citizenship
Grenada Citizenship by Investment Program enables foreign investors to obtain 2nd Citizenship provided that they meet certain criteria set out by Grenada government since 2013.
Investment Options
Grenada CIP requires investors to make an economic contribution to the Grenada. Within this context, applicants have following investment options:
1. A non-refundable minimum donation of $150,000 USD to The National Transformation Fund.
2. Investment of at least $350,000 USD into the real estate projects, on the condition to hold the property within the next five years from the date of the citizenship is approved.
3. Investment of at least $220,000 USD into the real estate projects in the Tourism Accommodation sector within the next five years from the date of the citizenship is approved.
Apart from the abovementioned investment requirements, the main applicant must be over 18 years of age and his/her family members shall have a clean personal background, shall be in good health and of character.
How long does the process take?
Obtaining Grenada Citizenship by Investment takes approximately 3 to 6 months.
What are the advantages of this Program?
Holders of an Grenadian passport may benefit from following advantages;
- Visa free travel to 115 countries including Schengen Area. Among these countries China is also included, where it may be actually difficult to obtain visa from.
- US E2 Treaty Country; Easy to obtain US Residency once obtaining Grenadian Citizenship
- Full citizenship with passport for the applicant and his/her family members
- Dual citizenship
Soner Alemdar is a leading international law firm advising on global citizenship. Please contact us for further details and queries on Grenada Citizenship program.
FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO GRENADA CITIZENSHIP BY INVESTMENT PROGRAMME
Why choose Grenada?
Grenada is very hospitable, tolerant and welcoming to all foreigners so you will never feel like a stranger in this country. Grenada allows dual & multiple citizenships and via applying this programme, applicants can hold exactly same rights with any other Grenadian citizen.
Do I have to travel to Grenada to commence the Citizenship procedures?
A trip to Grenada is not required during the whole application procedure.
Is Grenada considered as a tax haven for investors?
Grenada collects quite low amounts of tax from investors who are eager to acquire Grenadian citizenship by Investment. State authorities of Grenada does not request any wealth, inheritance, gift or capital gains tax from its citizens, as well as foreign income being completely tax-exempt. Grenada offers a trustworthy taxation system within its breathtaking Caribbean atmosphere.
Do you offer Approved Properties for Grenadian Citizenship Application?
Yes. We work together with leading developers in Caribbean region offering high end, luxurious and goverment approved projects for Grenada CIP.
Is Grenadian Citizenship acquired/valid for life?
Yes, Grenadian Citizenship is valid for life and it can be passed on to future generations by descent.
Do the applicants have to reside in Grenada for a certain period of time at any stage of the application?
There is no residence requirement before or after acquiring the Grenadian citizenship.
Can we change our names after obtaining citizenships?
Yes, however changing the name is only possible after the application is approved and the Certificate of Naturalization is issued.
How many family members can apply for citizenship along with the Main Applicant?
All family members (spouse, dependent children, and dependent parents) as well as the main applicant can acquire Grenadian citizenship investment application
Is there any language requirement to apply for Grenadian Citizenship?
No, there is no language requirement as well as interview and business experience, educational requirements.
Once Grenadian Citizenship is acquired, in the case that the applicant will not stay in Grenada, what will be main applicant’s tax liabilities in Grenada?
Grenada basically is a tax-free country as long as the citizens do not reside in the country regarding their investment initiative.
Is there an official legislation for Grenadian Citizenship by Investment Program?
Grenadian Citizenship by Investment programme is regulated with the Grenadian CBI Act, which is also known as Act No. 15 of 2013, due to the fact that it has come into effect in August, 2013. This Law provides information in depth and is one of the main instruments for understanding Grenadian CBI programme.
Please contact with us now to have further information on Grenada Citizenship by Investment program and to get a fee quotation for your application.