Grenada | Citizenship By Investment

I Think Grenada Got It Right

“As much as the Caribbean countries who offer citizenship by investment programs deny it, they are in essence competing for applications. That is the only explanation for the dramatic price-cutting and somewhat problematic marketing techniques many have resorted to.

Grenada chose a different direction.

Instead of slashing their price, a decision was made to refine the program to provide new features and add value for their applicants in other ways. Core to these enhancements are much more generous criteria for dependents and a clearer path for those who purchase real estate to recoup their investment when the 3-year qualifying period is over.

In this way they were able to maintain their prices and still stand out from the crowd. Not to mention the fact that it is the only country in the Caribbean whose citizens can qualify for a USA E2 visa.

Knowing the country and its people as well as I do, I will always be a fan of Grenada. And I will continue to recommend their CBI program whenever I am given the opportunity.”

- Ziad El Shurafa

Grenada Citizenship By Investment Programs

THE DETAILS:

Grenada Dual Citizenship By Investment Benefits

The Grenada Citizenship by Investment program offers a number of benefits to the investor. This includes a time-frame to obtain citizenship of as little as 4 months, which in the world of citizenship, is practically immediate. Furthermore, there are no residency requirements so your current life will be undisturbed. For the tax conscious investor, Grenada has no foreign income tax, so you will never be double taxed as a result of obtaining Grenadian citizenship. The beauty of holding a Grenadian citizenship and passport is that you can travel freely without visa to over 143 destinations. Grenada is also the only country in the Caribbean with visa-free travel to China. All nationalities are eligible for the Grenada Citizenship by Investment program.

In addition, as mentioned above, the Grenada program separates itself from the others in the Caribbean by providing a generous criterion for dependents and they are the only program in the Caribbean whose citizens can qualify for the E2 Investor Visa Program from the United States.

What are my options?

Depending on your situation, how much money you are willing to invest and the size of your family, there are options that suite every investor:

• National Transformation Fund (NTF) - If you apply as a single applicant, you can make a one-time non-refundable payment of US $150,000 to the Grenada National Transformation Fund (NTF) or US $200,000 for a family of four persons or less. Any dependent children must be 30 years of age or younger.

• Approved Real Estate Project - The second option is to make an investment in an approved project in Grenada. The minimum investment required is US $350,000. This money will be invested in one of the GCBI approved projects. In addition to the real estate investment, there is a $50,000 government fee. You can include dependent family members as well. Up to three dependents can be included as part of the $50,000 fee, with additional dependents costing $25,000 each. Again, all children must be 30 years or younger.

Price Comparison in the Caribbean

As mentioned above, the Grenada program has chosen to add value to their program instead of cutting the cost of the program. But as you will see in the following table, their prices are still very competitive, even without a price cut.

* Prices shown do not include additional fees such as due diligence, processing or government fees. It is a straight comparison between contribution amounts and real estate investment amounts.

** Antigua & Barbuda and St. Kitts & Nevis both launched limited time offers which approves certain real estate investments at a minimum value of $200,000. St. Kitts and Nevis sets a longer holding time of 7 years on the lower priced real estate investment.

Value-Added Enhancements

Dependents

Grenada has identified itself as a destination for families who wish to apply for citizenship by investment by developing the broadest definition of who qualifies as a dependent:

• Children: All children under the age of 18 may be included as dependents, which is similar to other programs. Grenada also allows dependent children between the ages of 18 and 30. And now, following a recent amendment, they have distinguished themselves from other programs by not requiring children over 18 to be enrolled in college or university.

• Parents: Grenada allows you to include your parents over the age of 55 in your application as dependents. But they go even further. Parents are not required to be financially dependent on the main applicant.

• Siblings: Grenada is also the only country which allows the applicant (or spouse of the applicant) to include their siblings in their application. The only restrictions are that these must not be married or have any children.

Secondary Purchases

Grenada has also made a recent amendment which has allowed secondary purchasers of real estate units from approved CBI Approved Projects to also receive citizenship. This is a vital improvement for the program’s long-term future. An applicant today can purchase real estate knowing that after the 3-year required holding period is up, there will be a secondary market for their purchase.

Regardless of the option you choose, Grenada provides a number of benefits and value-added enhancements. You will enjoy very fast processing time (within 4 months), no physical residency requirements, the ability to travel freely throughout the commonwealth countries and you are not even required to visit Grenada to obtain the citizenship! Furthermore, you are eligible to operate a business and live in USA under the E-2 Visa program!