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Citizenship By Investment Grenada, Real Estate, Local Agents

List Of Documents Required To Apply For Citizenship

Parents and grandparents of the applicant may qualify as dependents if they are above 65 years and live with the principal applicant. Also, they are meant to prove that they are financially dependent on the applicant. The Permanent Residence by Investment Program requires that the applicants’ transfer USD $200,000 to the National Transformation resident permit turkey Fund set up by the Government of Grenada. Following the transfer, the investor should then visit an embassy of Grenada or a consulate within a period of six months and then reside in Grenada for two weeks before acquiring his citizenship. The principal applicant, in this case, the investor, must be at least 18 years of age.

grenada citizenship

A $150,000 donation to the National Transformation Fund or a $220,000 investment in real estate leads very quickly to citizenship of a beautiful, stable, economically diverse country. The Grenada Citizenship by Investment programme requirements are strict but simple. Applicants must have a clean criminal record and be able to verify their source of funds. A well-prepared application combined with the efficiency of the Grenadian authorities, means that processing time takes an average of just two months. Besides the real estate investment amount, applicants will also be required to pay the necessary government fees, application fees, due diligence fees and processing fees.

Grenada Reopens To Vaccinated Travellers

Approved local agents must use this credential to apply for a Grenadian passport on behalf of the applicant. Though having a passport with a greater number of visa-free countries is attractive, it’s the quality of the destinations, not the quantity that counts. Grenada’s passport provides access to over 148 destinations, including China, Hong Kong, Russia, Singapore, Schengen, and the UK. The E-2 visa is among the most popular in the U.S. immigration system. It also allows citizens of Grenada to live and work in member states of the Caribbean Community and the Organization of Eastern Caribbean States.

Hideaway True Blue is the only real estate product approved under the Grenada Citizenship by Investment Act that provides each investor a Guaranteed Buy Back agreement for the purchase and investment into its project. This investment provides full citizenship for all applicants which remains in full even after the buyback is exercised. In addition, the owner/investor will be entitled to receive quarterly returns after year 2 of operation and will not be liable for any maintenance, insurance or other related operational costs during the term of the Agreement. Montenegro Citizenship by Investment Program was launched in 2019 to support public projects as well as the development of the tourism sector. Applicants can apply to the program by investing in government approved real estate projects. The Citizenship by Investment Program of Grenada allows applicant to make non- refundable investment donation or invest in real estate and become citizens of Grenada with no residency requirement.

How Many Days I Can Stay In Schengen Countries With Grenada Passport?

If you really want a European passport and want to live in Europe you may also want to consider the easiest European passport options that don’t require any investment at all. Malta’s program offers by far the best passport and access to the EU, but it will cost you at least $975,824. For full coverage of everything you need to know about citizenship by investment, continue reading our full article. Montenegro launched a brand-new Citizenship By Investment program in November 2019, and the program is still active as of May 2021. However, the local government has announced that the program will end in December of 2021, so if you are interested in applying, there is no time to procrastinate.

grenada citizenship

Grenada also allows for people or corporations to sponsor an applicant’s application to the Turkish resident permit by investment programme. The sponsoring person or entity will have to undergo due diligence as a result, but this opens doors for people who are in countries with limited financial mobility to apply for the Grenada passport more easily. Applicants need to invest either $200,000 as a donation or $350,000 in a government accredited real estate project and keep the property investment in Grenada for at least 4 years. New born babies of the main applicant, born within 12 months of the grant of citizenship, are the only children that can be retroactively added to a citizenship application.

We provide Citizenship by Investment, Residence by Investment and Second Passport Programs for Caribbean countries and beyond. A formal request is issued whereby you are required to settle the contribution. After the due diligence process, the approval letter issued by the Grenada government. Two recommendations from business partners for the head of the family.

grenada citizenship

Grenada Also allows an applicant to include unmarried dependent siblings in the same application which makes the program very unique. Grenada does not impose requirements on citizens both in terms of permanent residence in the country, and in terms of staying for a certain period. Thus, after receiving a passport, a citizen is not obliged to move to the country and visit it periodically.

E-2 visas can be processed in as little as 6 weeks from submission of a business plan. Spouses are eligible to work anywhere in the U.S. and unmarried children up to the age of 21 can study in the U.S. Agent vets CBI application, submits to CBI unit and liaises with CIU on any queries.

The traditional government bond option requires investors to keep bonds for at least five years. These bonds don’t pay any interest and are expensive – $500,000 for a family of four (and $567,000 in all-in costs). Let’s start with their cheapest option, a law firm donation to their National Economic Fund . A single applicant will spend $109,500 all-in for this second passport route. St. Kitts introduced a new discounted donation option that saves single applicants $100,000 and families of four just over $100,000.

Application Process For Grenada Citizenship

Applicants for E-2 visas and extensions may be able to obtain visas despite pendency of permanent residence application. Grenada is home to one of the most popular and well-regarded medical schools – St Georges University . Renowned for its medicine, nursing and veterinary medicine degrees; Turkish resident permit the university is affiliated with many other educational institutions, including the UK, USA, Canada and Australia. Therefore, it offers investors’ children an opportunity to graduate with a medical degree from a world-renowned university and that to be at lower tuition fees.

  • Malta does not allow Afghan nationals to apply under the Malta Permanent Residence Programme however it is possible for Afghan nationals to apply for a special tax status and then for residency under the Global Residence Programme .
  • For companies, the terms are different, but still beneficial compared to many other countries.
  • Local agent submits the application & documents to the Citizenship-by-Investment Unit .
  • Overall it ranks as number 61 out of 198 passports in our passport ranking.
  • Range Developments have been leaders in the field of Caribbean Citizenship by Investment real estate development programs for over a decade.

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