Grenada Citizenship By Investment Required List 2021
Obtain Your Second Passport In Just 3
To visit other countries, or to stay for longer period, you may require a visa. Please check with the embassy or consulate of the country you will be visiting. Grenada citizenship is granted to qualified applicants within 4 to 6 months only without an interview or residency requirements.
This is a key advantage – a Citizen of Grenada upon making a further investment in the US, can invest and reside in the US. A US E2 visa typically has a six week approval process and is becoming a recognized alternative to EB5 . Tax advantages Spouse, children, siblings and parents may be included in one citizenship application .
Grenada Cbi Investments
Investors can include dependents in the CBI application including spouse, children, single siblings and parents, no matter their age. The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Making it possible to obtain Grenadian citizenship by investment in only 60 business days. Grenada is one of the very few nations whose citizens do not require a visa to travel to the People’s Republic of China.
You’ll then need to invest an additional 1,000,000 Bulgarian lev into government bonds or into a Bulgarian company that’s carrying out a priority investment project, as defined in Bulgaria’s Investment Promotion Act. Like Malta and Cyprus, Bulgaria’s citizenship by investment program begins with residency. You could invest in real estate, a Cypriot business that employs five local citizens, bonds or securities of a Cypriot business licensed by the Securities and Exchange Commission, or a combination of these choices. While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. Then, within 12 months of maintaining Maltese residency, you’ll obtain citizenship and a passport for visa-free travel to 158 countries.
Portugal Golden Visa
The Programme is a government initiative for foreign investors to acquire Grenadian Citizenship. This program is ideal for individuals who value the freedom and privacy that second citizenship or second passport can offer. Grenada passport is ranked 39th best passport in the world with visa free travel to 121 countries according to 2016 visa restrictions index. Grenada passport is the only country in the caribbean which has visa free travel to China. The current minimum real estate requirement has been reduced to USD 220,000.
Note that Grenada is one of the few CBI countries with no nationality restrictions, meaning that applicants of all nationalities are welcome to apply. It is hoped that the 20% equity stake will prevent half-built projects and most industry professionals have lauded the change; many have said that the Grenadian CBI program is now in line with international standards. 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. Each additional child adds $25,000, parents add $50,000, and siblings add $75,000 to the total bill. Applicants don’t need to be permanent residents before applying for their citizenship – saving paperwork and, most importantly, saving time.
The Antigua and Barbuda passport gives you visa-free access to the UK, EU Schengen area, Hong Kong and even Singapore. Grenada has also signed E-2 treaty investor status with United States. We are here to answer all of your questions so you can decide on your best path to second citizenship. We will manage the entire process from start to finish and keep you informed at each stage.
Our firm obtained multiple National Interest Exceptions to allow our L-1 and E-2 clients to travel to the U.S. in 2020. The EB-5 Investor Visa brings investment and jobs to the United States. It offers Green Cards for a qualifying family group in exchange for a minimum $900,000 investment that creates ten jobs.
The applicant prepares and submit the remaining documentation to support the application. You will enjoy visa-free entry to 144 countries, including the EU, the UK, and China. Grenada is a relatively small island on the southern end of the Lesser Antilles islands in the Caribbean sea. It features a number of high end hotel resorts that have been Turkish resident permit popular with European and American tourists. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.
Currently, the vast majority of the approved project consists of real estate developments on the island of Grenada. Yes, your family members can be included into a citizenship application. Siblings of the main applicant and his spouse, children below the age of 30 , and parents can also be added to the application.
Cambodia offers citizenship against cash donationUSD 250,000to economic rebuilding of Cambodia, according toArticle 12 Law of 1996 Nationality Act. An investment of USD 1.5 million also qualify for citizenship by investment in a Asian country. The category of ‘qualifying dependant’ has been expanded and now includes the option to “add-on” qualifying dependants in all investment options for the granting of citizenship.
- Davies & Associates has a team of corporate lawyers to make sure the franchise or start-up is structured in a way that complies with all the immigration regulations.
- Grenada Citizenship by Investment Program Grenada has launched its citizenship by the Investment Program, under the regulations of the Grenada Citizenship by Investment Act in the year 2013, to attract foreign direct investment.
- With the advent of COVID-19, CBI participating Caribbean countries have facilitated half-priced COVID-relief bond, family reunification/qualifying dependent changes and temporary reduce contributions to the program.
- It enables CCS to provide guidance, assistance and advice to its clients throughout the application process, which ensures a very high rate of success.
- Most people in the citizenship industry sell passports like it’s McDonald’s.
There are a lot more enquiries which are likely to convert into applications over time, he said. Under the Grenada CBI programme, the applicant has to make a $220,000 investment in a government-approved real estate project. What makes the country an attractive destination is that it has an E2 visa treaty with the US, wherein a Grenadian can apply for US citizenship and usually get it within three months.
Small Island Country Citizenship
The citizenship-by-investment program allows you and eligible family members to obtain a second passport. You are not required to live in Grenada before, during or after the application process. Ask questions and get answers about international tax, asset protection, company formation, offshore banking, payment processing, residencies, or citizenships. Besides that, everything else are common requirements that most other countries which offer this program require, such as police certificate, proof of legal source of your funds and medical checks for the investor and their family. Interestingly, an investor can not use this program if he/she has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial.
Find out the cost estimates for each program tailored to your family. Moreover, Grenada entered the top three in the CBI Index annual rating of investment programs in 2019. We prepared useful videos about Grenada citizenship and comparisons with other programs on our Youtube channel. There are no requirements to reside in the country or to know the language.
After 2 to 3 months, the government will notify you of their background checks and give formal approval, pending the final payment of your investment and any government fees which remain. During our initial conversations with you, our Grenada specialist will help you identify the right investment route for you. After an internal due diligence is complete, 50% of the legal fee is required to proceed. Popularly known as the Spice Island for its myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all the Caribbean.
Real Estate Investment of either $200,000 when investing in the Tourism Accommodation Sector or $350,000 in government approved projects which are not in the Tourism Accommodation Sector. In order for applicants to opt for the first option, a main applicant must invest together turkish citizenship with at least one additional main applicant. Each of the main applicants must pay a minimum purchase price of $220,000. The E-2 Treaty Investor Visa allows individuals from treaty countries to move to the US for the purposes of investing in and running a business.
Grenada citizenship acquisition is available in return for investment of more than $350,000 in government-approved real estate project or a contribution to the National Transformation Fund in the amount of $150,000. According to local legislation, foreign investors do not have to renounce their original citizenship when obtaining passport of Grenada. The Citizenship by Investment Program was re-established in 2013 and has its legal foundations in the Grenada Citizenship by Investment Act, No.15 of 2013 together with various amendments to the Act and supporting Regulations. Investors are given the opportunity to apply for themselves and their dependents to become lifetime citizens of Grenada in accordance with legal requirements. Dependents include the spouse of the main applicant, children under the age of 30 years, children of any age who are physically or mentally challenged as well as parents and grandparents of any age.
Citizenship by investment programs offer you the opportunity to legally acquire a new citizenship quickly and simply, without onerous, typical visa and passport application processes. Jordan Jordan’s citizenship program grants investors access to a business-friendly location and citizenship of this diverse and peaceful Arab country for an investment of USD 750,000. First, our lawyers will conduct a due diligence check on you to ensure that you are eligible and meet the criteria to apply for the program, and that your application will be approved. We will send you the application forms and provide assistance to complete the questionnaires, and translate and authenticate documents.
Citizenship of Vanuatu offers access to approximately 130 countries visa-free, including the Schengen Area, Russia, and the United Kingdom. One applicant can add his/her spouse, dependent children under 25 years old and dependent parents over 50 years old. The citizenship by investment program for Grenada is one of the newest programs accessible to investors. The Grenada investment visa program provides second citizenship in Grenada and a passport to investors which offers visa-free travel to over 143 countries including the UK, EU Schengen countries and China. Grenada also proposes access for its citizens to the USA E2 treaty investor visa. The country’s Constitutional Act explains precisely how the applicant can invest in Grenada citizenship by investment.
In addition to making a qualifying property investment of USD $350,000 or more, candidates for Grenada citizenship by investment in real estate must pay a government processing fee. For a limited time, groups of two or more related applicants can also invest in Grenada real estate together as long as each person pays at least USD $220,000 . In order to maintain citizenship in Grenada, investors must retain ownership of the property for at least four years. If you are interested in doing business in the two largest economies on earth, the international mobility provided by second citizenship in Grenada could make it the ideal citizenship by investment jurisdiction for you. Grenada is the only economic citizenship country that has an E-2 Visa Treaty with the United States, allowing citizens to potentially live and operate a business in America.