Grenada is the only program that offers visa-free access to both China and Russia. Second, Grenadian citizens have easy access to the United States via the E-2 Investor visa. Grenada has long been a tax haven. The country takes the first spot in the top ten Citizenship by Investment rankings of 2020. You will need to pay, to buy a Grenadian passport. It is a unique program by a few counts, and it differs from the programs of its regional and global competitors. Citizenship by investment Grenada’s Citizenship by Investment Programme allows investors and their families to obtain a second citizenship in exchange for an economic contribution to the country. If you ever wanted to hop on a plane and visit your home country, you can. What do you want to accomplish? It also has plenty of waterfalls, rum factories, spice farms… you name it. There are direct flights to Grenada from New York, London, Frankfurt, Miami and a few others. Invest & Live in Paradise. Thank you for your interest in our Citizenship by Investment programs. The Grenada citizenship by investment scheme is the most affordable route to getting a second passport, particularly when you consider the perks of the American E-2 Visa that comes with holding a Grenadian passport. However, it’s overreliance on just a few industries means that Grenada’s CBI program is somewhat of a lifeline. Pass it on. Grenada is also known for being an offshore haven and for offering a citizenship by investment (CBI) program for those who want to obtain a second passport. The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada is the only CBI program to accept siblings, for example. So, what does Grenada have that others don’t? But the ‘Island of Spice’ doesn’t just rely on nutmeg or the tourist dollars for its sustenance. The Grenada Citizenship by Investment Committee advises that the website http://grenadadualcitizenship.com IS NOT AN AUTHENTIC website. Capital City: Saint George's: Population: 111,724 (2017 est.) best CBI programme, A Great Opportunity to We must have a programme that offers attractive benefits, without having to reduce the price.”. If your application is approved, you will have to pay the remaining fees, make the donation or finalize the purchase of real estate. Currently, there are two qualifying investment options: Take a look at our infographic that illustrates the numerous benefits that citizenship by investment in Grenada can bring you and your family. And although it has not had to use it yet, Grenada signed an extradition treaty with China – the main source of CBI applicants. That said, everyone is also put through their paces in the due diligence process. The government has worked hard to process applications as fast as they can by introducing the pre-check step in the application process. Grenada has one of the fastest application processing times in the Caribbean. Grenada’s CBI program has been tightened in terms of integrity and security in recent years, as it is facing stiff competition from its neighbors as well as other CBI programs in the world (looking at you, Vanuatu). © 2020 Government of Grenada. Thanks, Andrew!”, “I wasn’t able to travel to China before without having to deal with the huge hassle of obtaining a visa. While it used to take months for an applicant to put this huge bundle of documents together and it took Grenada even longer to process, there is now a pre-check step. . Due to this protocol Grenada boasts one of the Caribbean’s most exclusive and rewarding Citizenship Programmes. Sure, it’s not a novelty in the region as many of Grenada’s neighbors also have similar programs. And when it comes to state affairs, no news is good news; investors love stability. In fact, about one-third of all Caribbean real estate development projects ever get finished. Unmarried siblings older than 18 years of age of the main applicant and the spouse can be added too. Only make your investment once your application is approved. This site uses Akismet to reduce spam. The citizenship by investment programme for Grenada is one of the newest programmes available to investors. The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. In an uncertain world increasing numbers of people are looking for the security of a second citizenship for themselves and their families. Meanwhile, if you’re investing with a partner, your minimum investment drops to. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. The country’s Minister of Trade, Oliver Joseph, said: “You would note that there is no amendment that reduces prices. The Grenada Citizenship by Investment program provides you with the opportunity to legally acquire a new nationality and Grenada economic citizenship promptly whilst enabling global mobility for you and your family. No. Within 30 days, you will receive a certificate that will allow you to request a passport. . Grenada’s Citizenship by Investment Programme is a fantastic way to enjoy the beautiful island of Grenada, explore new paths for your business and expand your passport portfolio. The Grenada citizenship by investment programme provides an opportunity to apply for a Grenada passport and a huge range of benefits including: Visa-free travel to more than 140 countries and territories. in administration fees for the real estate investment option. That said, you probably won’t want to go and live in Grenada (though it’s possible with weekly direct flights to New York, Miami, London, Frankfurt, and other major hubs). A luscious Caribbean island-state, Grenada is known for its vast stretches of white-sand beaches, pristine rainforests, and its spice exports. You want the best passport for you, for the best possible price. Benefits of obtaining Grenada Citizenship. All of Europe’s Schengen Area, the UK, Ireland, some Balkan countries, and some of Latin America are available to you visa-free with a Grenadian passport. Grenada is the only Citizenship by Investment programme that allows unmarried, childless siblings of the main applicant, who are 18 years and older to be included on a family application. Luckily, my Grenadian passport has eliminated all the back-and-forth.”. It’s not the fastest CBI in the world, but it sure is one of the quickest in the Caribbean region. A citizenship by investment program is another term for economic citizenship. And choose wisely (or get help when doing so), because. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ Attractive tax regime. The country’s Minister of Trade, Oliver Joseph, said: “You would note that there is no amendment that reduces prices. No language requirement and no interview. Grenada will keep real estate investors’ money in. No country exclusions. Grenada has so many beaches, some of which are rated as the ‘best beaches in the world’ by many publications – cue Grand Anse beach. The investor visa to the United States is accessible to all Grenadian citizens, making Grenada the only CBI program in the Caribbean to have this feature. Address: Grenada Citizenship by Investment, Dependent children between 18 and 30 years of age no longer have to be enrolled in college or university to be eligible. There are certain conditions that people besides you must fulfill, but Grenada’s CBI program is one of the most inclusive in the world. . Ability to pass on citizenship to future generations. Nonetheless, it has a few other advantages, thanks to the recent changes. Grenada’s CBI program is not without its problems. Want to know what you need to do to lay your hands on a Grenadian passport? There is also no wealth, gift, inheritance or capital gains taxes. From the document submission to obtaining your passport, the entire process is fully digital. So, is Grenada just a case of ‘same CBI, different island’? At the state level, since 2013, there is an official program that offers favorable conditions for obtaining Grenada citizenship by investment within 3-4 … There aren’t many disadvantages to having a Grenadian passport. It allowed foreigners to get a … Children born within 12 months of one obtaining the citizenship will automatically be added. As a result of your investment, you will be able to obtain a Grenadian citizenship and the subsequent passport. First, even though it’s population of 110,000+ is somewhat small, it’s a young and dynamic one. Each additional child adds $25,000, parents add $50,000, and siblings add $75,000 to the total bill. The Grenada citizenship programme was reborn in 2013 under the leadership of billionaire British property developer Peter de Savary, who is Grenada’s Ambassador for Foreign Investment and spends much of his time in his properties on the island. However,  both of those countries also command a higher premium and have some other drawbacks when compared with Grenada. According to the Grenada Citizenship By Investment (CBI) Program, applicants must make an investment of $220,000 in a real estate project that has been approved by the government. as opposed to handing over the cash to developers. It has recently changed the law to require developers to invest 20% of its own funds into each of their projects. We must have a programme that offers attractive benefits, without having to reduce the price.”. is $1,500 – payable once, regardless of how many people are applying. The entire process is fully digital. The good news is that the contribution is a one-time affair; once you pay it and obtain your passport, you won’t have to worry about anything else. At the same time, the program leaders have tried to steer a course towards increased revenue too; boosting the integrity and getting more investor money isn’t always a reconcilable effort. Grenada’s Citizenship by Investment Programme makes it possible for those who invest in Grenada’s economy or real estate development to gain citizenship to live or work in this beautiful Caribbean country. Pay all application, processing, and due diligence fees. The new program not only has a completely new approach, but it also has big competition. Here are the main pros of having a Grenadian citizenship: Visa-free travel to 135+ countries. The process of approving a project for the purposes of citizenship by investment begins with the Citizenship by Investment Committee, which reviews viable projects and recommends them to the Minister. This is due to Grenada’s low investment level, powerful passport and USA E-2 treaty. You will need to submit the following documents: current passport, birth certificate, picture ID, police clearance certificate, education certificate, proof of address, marriage/divorce certificate, bank reference, proof of source of funds, and four different forms. Various eligibility factors apply, and many rules and regulations surround the CBI industry. Contact our professional consultants today for obtaining a second passport through the Grenada Citizenship by Investment Program. You can also be a dual citizen – there are no restrictions on that. You won’t have to pay for your investment until after you’re approved for Grenada’s citizenship. It’s the E-2 visa treaty with the United States. Are you a solo investor? The Grenada Citizenship by Investment Program welcomes individuals and their respective family members of excellent character to obtain citizenship in exchange for investing in the country’s prosperity. No residence requirement. The median age is just 32.1 years and the population is highly educated too. It is also the only Caribbean citizenship by investment jurisdiction that is an E-2 Visa Treaty Country meaning that citizens of Grenada may apply for an E-2 visa in the U.S.A. A second passport can provide greater freedom to travel internationally, peace of mind, as well as financial benefits. E-2 visa treaty. For years, Grenada and its sumptuous resorts have been attracting high-net-worth individuals; top-notch sailing opportunities and its crystalline shores have offered many a relaxing getaway. Just a few years ago, there was an aquaculture project that collected CBI investor money but never did anything to show for it (currently, it’s under investigation). The amount will differ depending on your situation. Burns Point, Carenage, St George’s, How Indians Can Benefit From Grenada's Citizenship-By-Investment Program Festive season uplifts sentiments as investors look for real estate … People from anywhere in the world can apply, even citizens of Iran, Iraq, Afghanistan, and Syria. Whereas you can potentially recoup the real estate investment, the donation is non-refundable, for example. No wealth, gift, inheritance, or capital gains taxes, and foreign-sourced income is tax free. You can find the full list here, though we’d also recommend giving it a quick Google, as the official website of Grenada’s CBI program doesn’t seem like it’s updated that often. The advantages of a Grenadian passport are many. However, it’s a great way to obtain more freedom and achieve one’s financial goals faster, among other advantages. A Grenada passport holder can travel visa-free to more than 130 countries, including major business hubs such as China, Singapore, Russia, Schengen Zone, and the UK. Become a citizen of Grenada in the Caribbean and get a passport offering visa-free travel to 135+ countries. You will not have to visit or live in Grenada for any period of time to obtain or retain your passport. It’s highly coveted – that’s a fact – and Grenada is the only one out of all of the Caribbean CBIs to have it. Even though the country’s prime minister states, time and time again, that ‘Grenada is not dependent on its CBI program, the numbers tell us a whole different story. Further information on these projects and fees please visit our the official Grenada CBI website: It is part of the Commonwealth, the UN, and the Caricom – the Caribbean Community organization. When you go the real estate route, the government fees are considerably higher than the donation route, which is something that you should factor in: After the five year holding period is up, you can sell your real estate and recoup your investment or, in fact, even make a profit. Even though the CBI program has undergone considerable change, the investment types have remained the same. Visa-free access to China, giving Grenadian citizens up to 30 days in China per entry, 2. Not many other countries in the world have it either; China and India do not, for example. Coffee breaks and a relaxed attitude – island time – is something that should be accepted. High price-point. The Nomad Capitalist team can help. No matter if you’re single, a couple, or a family of four, you will have to pay. First and foremost, it’s the only Caribbean CBI program that offers visa-free access to China. When you think about it in global terms, it’s really quite a dire situation. The country has had decent GDP growth and an economy that’s small, but robust. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 153 countries including the UK, EU Schengen countries and China. You won’t need to travel to Grenada for any part of the application. Yes. And choose wisely (or get help when doing so), because not only does the total investment amount differ, but so do the rules. That’s because Grenada has signed a treaty with the US, allowing its passport holders to enter, invest, and work in the United States without any considerable restrictions. It’s also worth mentioning that Turkey and Montenegro also have the E-2 treaty, which means you could potentially opt for the CBI programs of those countries to get into the United States. There are direct flights to Grenada from New York, London, Frankfurt, Miami and a few others. There is also no residency requirement, so technically, you will never have to visit the country to become and remain its citizen. Grenadian citizenship is for life; you will have the right to live and work in the country for as long as you want. You will need to pay $350,000 to buy a Grenadian passport. Grenada’s investment visa treaty with the USA has made it a popular route for immigrants to the USA. The Grenada Citizenship by Investment program was established in 2013 and has the best citizenship by investment program in the world. Established in 2013, the Grenada Economic Citizenship Program is one of the fastest and most efficient citizenship by investment programs in the world. To this date, over 2,100 people have gotten their Grenadian passports by investment. What does this small collection of islands off the coast of Venezuela have to offer? Grenada Citizenship by Investment Program Grenada launched their citizenship by investment program in 2013 for the purpose of transforming its economy to be more prosperous. of $1,500 for a single applicant or a couple; add an additional $1,500 for each 18+ dependant and $500 per child aged 0-17. is $5,000 for a single applicant; every additional person aged 17 or older will add $5,000 to the total bill. If you do business in Russia or China often, Grenada might be a great investment saving you lots of hassle and time in the long-run. After all, there isn’t much keeping the developers accountable, but Grenada has set out to fix it. In this article, well take a look at what this CBI program entails, and what its main pros and cons are. To date, it is the most successful development under Grenada’s Citizenship by Investment Program, having attracted more than 80 per cent of all investment applications. Usually, a potential investor will have to accomplish one (or a few) of the following actions: Only after the conditions of the citizenship by investment program are fulfilled will the investor be able to get the passport of the country. Its citizen applicant when they are ready to sell you through the Grenada citizenship by investment.... This particular island offers a relaxing getaway as well as financial benefits of. 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