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Grenadas Citizenship Programme Proves An Attractive Option For Foreign Investors

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Grenadas Citizenship Programme Proves An Attractive Option For Foreign Investors

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Mount Cinnamon Grenada Citizenship

Eligibility Of Dependents

Hong kong passport ranked 20th best passport in the world with visa free access to 154 countries. Turkish passport ranked 51 best passport in the world with visa free access to 102 countries. For countries like India, China, Saudi Arabia etc. dual citizenship is prohibited. We ask you to seek legal advice before you apply for CBI schemes which comes with second passport perk. Visa-free travel to 140+ countries with dual citizenship, while no physical stay required.

grenada citizenship by investment

Grenada also offers great political stability, with international membership in the Commonwealth of Nations and the Caribbean Community, and is a great place to raise children – the 96% literacy rate helps to prove this. The process to obtain citizenship of Grenada turkish citizenship is expected to take up to 6 months following the submission of the applications to the authorities. It is the only citizenship-by-investment programme which offers visa-free access to China. Your representative then uses this to apply for a passport on your behalf.

Grenada Cbi Donation Options 2021 Non

Visa holders can also enter visa-free 116 countries which include the Schengen area, Hong Kong, China, UK, and Singapore. It enables quick change of tax residence and fast tracks the US E-2 visa. It also makes it possible to register companies and assets with the use of the second passport. Greece offers a permanent residence programme through an investment of at least EUR 250,000 in either a commercial or residential property.

grenada citizenship by investment

A qualified family member can be a child not older than 18 years, a child up to 30 years old that is financially dependent, parents above 55 years old and siblings above 18 years old. The other option is an investment in a government-approved real estate project, which comes into being after being reviewed and recommended by the committee to the government Minister in charge. Additionally, you are required to make a non-refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects. Grenada’s citizenship has quickly become known as one of the best citizenship programs in the world offering a fast-track process where applicants can obtain the passport in 3-4 months. The CBI Programme in Grenada is one of the most popular in the world due to its fast application process, and expansive lifestyle, business and travel opportunities. Aside from its delightful natural beauty, Grenada also offers a rich culture of celebrations, organic produce and tranquillity.

Process And Timelines

If the unit or committee finds out that any applicant/s has breached the Grenada CBI Act and Regulation their approved citizenship shall be revoked under section 11 of the Act. Grenada CBI Committee has observed that some Marketing Agents and Local Agents are buying back the shares from the applicants soon after they obtain their citizenship of Grenada. Local agent submits the application & documents to the Citizenship-by-Investment Unit .

grenada citizenship by investment

During the time that the investor owns the property, they can earn 2 to 5% per annum in rental income. The investment can be partly recouped only when the real estate purchase option is chosen. Based on the requirements of the program and the results of the Due Diligence, Immigrant Invest’s lawyers draw up a list of required documents. It includes personal and financial documents, including passports, certificates, and bank statements.

Procedures For Starting A Business

In terms of investing in real estate in Grenada, the tourism industry has seen significant growth so real estate developments are generally considered a promising investment opportunity. Citizenship-by-Investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without any disruptions to your life. Grenada is an island country, consisting of itself and six smaller islands at the southern end of the Grenadines in the south eastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines.

grenada citizenship by investment

Government-approved projects include various types of real estate developments, such as hotels, resorts, and properties. You have to make the investment of 350,000 USD or more through an authorized local agent. Grenada’s program allows qualified investors and their family members to obtain Grenada’s citizenship and benefit from visa-free travel. For more information on how to apply for Grenada Citizenship by Investment, please don’t hesitate to call us for a free consultation. Guide Consultants is an authorized international marketing agent that can help and guide you through the entire process of attaining Grenada Citizenship and passport.

Grenada Citizenship By Investment

The island offers the strongest economy within the regional community of the Organization of the Eastern Caribbean States with many viable investment opportunities in Tourism, Real Estate, Agriculture and other economic sectors. The St. Kitts & Nevis CBI programme is also arguably the best for global mobility, providing visa-free or visa on arrival access to more than 150 countries including staying permit turkey the UK, Schengen Area, Singapore and Hong Kong. The E2 visa is available to foreign investors who have invested or are in the process of investing in a US-approved business located in the United States. Investors seeking residency and travel privileges to the United States through the E2 Visa must do so for the sole purpose of developing and overseeing business operations.

grenada citizenship by investment

An investment in Six Senses La Sagesse, Grenada is a chance to share in a winning partnership. Range Developments is the most successful developer of luxury hospitality projects in the Caribbean under Citizenship by Investment. Well-established, with an efficient processing unit, enhanced governance, and insistence on the highest standards of due-diligence. The investment can be sold after 5 years to another individual who wishes to apply for citizenship of Grenada.

Our Citizenship Specialists Would Be Pleased To Provide A Complimentary Fully

Additionally, any children born to the investors after the grant of citizenship, immediately become eligible to receive citizenship from Grenada. Citizens of Grenada not only have visa-free access to 149 destinations, they are also eligible to apply for the US E2 Visa, which allows them to live and work legally in the US. Additionally, they are also eligible to live and work freely in other member states of the OECS, including Antigua, Dominica, St. Kitts & Nevis, St. Lucia, and St. Vincent & the Grenadines.

Now, the minimum investment required under the EB-5 Immigrant Investor Program has been raised to US$900,000 from US$500,000 in a Targeted Employment Area and US$1.8 million if non-TEA. “This, coupled with a longer wait time for Indians because of an annual country cap of 700, has led people to explore other options,” says Mark Davies. However, compared to Grenada’s, Turkey’s CBI Programme is not only more expensive resident permit turkey (minimum investment of US$250,000 compared to Grenada’s US$150,000), as is Montenegro’s, but it takes longer to complete . In fact, Grenada is the only CBI country to deliver visa-free access to China. Yes, applicants can include money that has been gifted by a friend or family member for the investment. In most cases, additional documents will be required from the sponsor regarding their source of funds.

The end result, however, will generally be the same – second citizenship and a passport. On a bright side, five years later, St. Lucian government should pay you the $250,000 bond amount back, so your final cost for the passport will just be the fee of $37,500. While St. Lucia, for example, will grant you a passport for a $109,500 donation, you will need to cough up $287,500 if you choose to buy the new government COVID-19 relief bonds ($250,000 bond + $37,500 in government fees). While this may be another easy option to obtain citizenship and a passport, it’s important to consider the downsides. Immigration officers are not immune to racism, and some may not trust your travel document if you personally look nothing like the people from your adopted country of citizenship. They can structure a manufacturing business in southeast Asia and visit as often as they’d like.

Dependent children can be aged up to 30 to be added to an application. Children born within 12 months of one obtaining the citizenship will automatically be added. 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 .

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