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Grenada Citizenship By Investment Program 2021

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Grenada Citizenship By Investment Program 2021

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The Ultimate Guide To Grenada Citizenship By Investment

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Beyond the benefits of economic and international freedom, Grenada also offers many lifestyle perks to those who decide to call it home. Citizenship of St Kitts and Nevis lets you live, work, and study in one of the Caribbean’s most idyllic locations. With a passport from this country, you can gain visa-free or visa-on-arrival entry to over 155 countries and territories worldwide. Grenada passports is ranking at 33rd in terms of travel freedom, it allows visa-free travel to 143 countries, including the Schengen zone, UK, and China.

It is considered to be the most expensive residency programme in Europe with a minimum investment of EUR 500,000 in real estate. The applicant can add his/her spouse, dependent parents and dependent children below 18 years old. St. Kitts sets the minimum investment in real estate at $200,000 plus an additional $24,050 in government fees for the main applicant, and additional dependents no older than 16. One of the most preferred options available for investors is seeking citizenship by investing in a government-approved project. The minimum investment needed by an individual for real estate is USD 220,000.

Government Donation From $150,000 Usd

There are also people who simply want a second passport for peace of mind, protection, and as a backup policy in the event of potential political, economic, or natural disaster in their home country. They can invest once and quickly obtain a passport that will save them from wasting weeks and months on expensive visas. Some passports have bigger travel gaps than others, but a second passport can often fill these gaps, no matter how big or small.

The quick processing time, typically 90 days for the Grenadian citizenship, and another 90 days for the E2 visa, is also a big factor driving the shift towards this. “This is no longer an outlier — at all immigration conferences, Grenada is very topical and is at the forefront at the moment,” he said. With all four of the Citizenship By Investment Programs, there are additional fees for due diligence, government and passport processing. For example, Antigua & Barbuda charge a US$50,000 government fee, US$7,500 due diligence fee and US$300 for the passport. Thus, while a second citizenship and passport are attractive, the investment required is significant and so only really possible for the super-rich.

Is Citizenship By Investment Right For You?

Upon choosing the Citizenship-by-Investment property option, you have the choice to buy your own piece of paradise. Investor citizenship in the country is administered by a governing body called the Grenada Citizenship by Investment Committee . The ten person team answers directly to the nation’s Prime Minister and individually assesses the merits of each and every investment citizenship application. To cover the costs incurred by this team of experienced legal and financial professionals, as well as the program’s official agents and partners, all Grenada Economic Citizenship Program participants must pay the following fees. Despite its youth, Grenada’s CBI Programme is one of the world’s most popular.

grenada citizenship by investment

No taxes in Malta unless you decide to live there for more than 6 months. No restriction on the repatriation of profits and imported capital for business. Malta Direct citizenship scheme contributions significantly vary between €900K to 1.1M depending on the family members.

The Citizenship by Investment Unit informs Immigrant Invest when an application has been approved. Once the notification of approval is received, the investor must fulfill the investment option chosen — make a donation to the Turkish work permit fund or purchase real estate — within 30 days. Launched in 2013, Grenada’s CBI Program offers participants an inexpensive and expedient option to obtain a second citizenship and a passport within as little as 3 months.

grenada citizenship by investment

It is also a good solution for those who want to renounce their US citizenship but are worried about losing their travel privileges. And if your income is high enough, how quickly you can obtain that second passport can make a dramatic difference in how much you will save in taxes – even on the level Turkish work permit of hundreds of thousands of dollars. You may also qualify for citizenship by descent, which can be just as quick and usually just a few thousand dollars for paperwork and other formalities. Vanuatu does tend to be faster than the Caribbean programs, but it’s not the most desirable program out there.

How To Qualify For Grenada Citizenship By Investment

There are two types of agents in this process – – marketing agents and local agents. Most marketing agents are limited to one or two real estate projects and possibly the donation Turkish citizenship 250.000 USD program. Holding a Grenada passport makes you eligible to apply for a USA E-2 visa, which makes relocating to the United States of America a straightforward process.

Six Senses Hotels Resorts Spasoperates two hotels, 15 resorts and 31 spas in 21 countries. These are under the brand names Six Senses, Evason and Six Senses Spas. The company expects its portfolio to triple over the next five years. They are planning resort, hotel and spa openings in Austria, Bhutan, Brazil, Cambodia, China, India, Indonesia, Israel, Spain, Switzerland, Taiwan, Thailand and the United States. Currently, one of the best investment opportunities in Grenada is the exclusive Six Senses La Sagesse Grenada project. Six Senses is an award-winning collection of luxury resorts that focuses on building sublime experiences without diminishing the natural world.

The Ultimate Guide To New Zealand Investor Visa

China has become known as the world’s factory with unlimited opportunities for foreign entrepreneurs. Grenada is a safe haven where you can live comfortably when things don’t go well in your home country. In the last couple of decades, it has developed into a country with political and economic stability. By investing in a second passport you get not just a visa-free access to the world but also an opportunity to open offshore companies. Our team will prepare all documents to be submitted with your Grenada citizenship application.

grenada citizenship by investment

Thus investors investing in the aforementioned real estate projects can expect high returns on their investment. Foreign nationals, who have previously been denied a entry visa to those countries to which Grenadian citizens enjoy visa free access can not qualify, unless they re-apply and obtain the visa of that country beforehand. Applicants should also have clean criminal record and be in a good health. Parent dependents will not be required to be financially dependent on the main applicant. Yes, you can include qualified members of your family in the application or add them after you have obtained your citizenship for an additional fee.

At PassPro Immigration Services, we regularly visit the island and vet projects first-hand so that we can give you sound and current advice on the best projects and reputable developers. We will help check the contracts on your behalf, pick the best units that can be rented or sold after the holding period, and negotiate the best package for your needs. All pending fees must be paid upon hand over of passports and citizenship certificates. If you provide false information about yourself or are convicted in the state for some crime, you will be obligated to give up your citizenship.

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