Citizenship, Real Estate, Passport , Migration Investment
Applicant must pass due diligence process and have no criminal record. Boasting varied, beautiful scenery, a tropical climate and world class beaches, Grenada is a popular travel destination among travellers the world over. According to the Grenada Tourism Authority , the totally number of visitors to the island nation surpassed the 500,000 mark in 2018, with further growth recorded during the first half of 2019. The official language of Grenada is English, with Creole English and French widely spoken as well. The country is a constitutional monarchy, with Queen Elizabeth II serving as its monarch. The country’s government comprises a unitary 2-party parliamentary constitutional monarchy, with Keith Mitchell serving as its prime minister.
Sign initial reservation form and pay initial deposit 10% of the real estate price. Reason to believe economic activity arising from OFAC sanction countries. Grenada is home to the best United States offshore university – St George’s University.
A Handy Timeline Of The Countrys History Can Be Viewed Here
The amounts quoted here vary based on the number and age of family members included in the citizenship application. The programme is based an investment of €300,000 in residential or commercial property. In addition to the main investment the applicant must provide evidence of a secured annual income of at least €30,000, increased by €5,000 for every dependent person and by €8,000 for every dependent parent or parent-in-law.
We highly encourage clients to meet with a professional tax consultant. The Caribbean is a tax friendly jurisdiction and there is no inheritance or capital gains tax. Persons who are present for more than 183 days a year will be viewed as residents of Grenada and will therefore be subject to tax.
Citizenship By Investment Faqs
The Caribbean is your best choice for getting a second citizenship and secure you and your family’s future, since its programs are the simplest and most affordable. If you decide to get a Caribbean Citizenship, you will enjoy various advantages such as no taxes on global income and other business-related benefits. These passports also have a high rank and can give you visa-free travel to over 140 countries.
The transition was marked by violence, strikes and controversy centered on Gairy, who was appointed prime minister. Opposition to Gairy’s government has steadily increased, and a coalition called New Jewel Movement , along with other opposition parties, has managed to reduce the majority of the GULP in parliament in the 1976 elections. On March 13, 1979, while Gairy was out of the country, the NJM introduced a bloodless coup, proclaimed the People’s Revolutionary Government , and appointed their leader, Maurice Bishop, as prime minister. The new government faced opposition from the Western nations for its socialist principles and the considerable help it had begun to receive from Cuba, but embarked on an economic recovery program that had been thwarted by Gairy. The administration of the PRG was terminated in October 1983 by a military coup during which Bishop was killed.
Along with being one of the friendliest and safest islands in the Caribbean, Grenada has a strong economic outlook. If you are in the market for a second citizenship, Grenada offers a quick and hassle-free citizenship-by-investment programme, with a mere 4 to 6 months to process your citizenship application. Through the CBI programme investors and those looking to relocate are able to apply without needing to visit Grenada during the application process, there are minimal turkish citizenship by investment processing fees and no physical residency is required. Grenadian citizens have preferred access, and in some cases, grants, to top schools. Grenadian citizenship grants you visa-free travel to 125 countries including the EU Schengen area, the UK, China, Singapore and Hong Kong. Grenada is the only Caribbean island with a CBI programme where citizenship comes with the ability to apply for a USA E-2 visa, which grants eligibility to live and operate a business in the US.
By investing USD 220,000 in an approved project , investors can obtain cost-effective Grenada citizenship within a 90-day window and enjoy a stable living/work environment. Having completed and opened two 5-star luxury resorts that stand way above the industry standards, Range Developments takes pride in being a pioneer in the investment and hospitality industry across the Eastern Caribbean. It was born in 2012, when Mohammed Asaria decided to set up a hospitality firm with the aim to provide unparalleled real estate developments access to investors from around the world. The company’s first project – Park Hyatt St. Kitts was honoured by the CNN as ‘the best new hotel in the Caribbean’ and by Forbes as ‘a grand Caribbean debut’. Its second project – The Cabrits Resort & Spa Kempinski, Dominica was recognised by Conde Nast Traveller as one of the most anticipated luxury hotel openings.
What Does A Grenadapassport Offer?
The best online resource for finding information about investor visa programs. The citizenship program of Grenada allows siblings sponsorship in the same application. Likewise, it does not require an applicant to take any language test nor do they need to reside or visit the country. Grenada Passport holders can vote, purchase property, as well as live and work in the country. Passport Legacy is a boutique firm with over 12 years of combined experience in the citizenship-by-investment industry. We provide a range of professional services to our private clients including the acquisition of alternative residence or citizenship as well as real estate.
Grenada is the only Caribbean CBI program that can provide you with access to the United States through the U.S. Once you become a citizen of Grenada you will also become eligible to apply for the E2 Visa. There is no requirement by the Government of Grenada to visit the country during the application process. But if you wish to collect the documents yourself our representative will meet you there and assist you during your stay in Grenada. The Government of Grenada does not inform the country of your present residency about your second or third citizenship. Grenada boast of numerous white sand beaches, in fact, the longest beach in the British West Indies is in Grenada.
U S Visa: Reciprocity And Civil Documents By Country
This means it is not quite as competitive as Dominica and St. Lucia but still offers good value-for-money. This investment can be made in real estate and other qualifying sectors. You can also qualify for residence by attending the Armenian University. After three years you are eligible to apply for citizenship as long as you spend sufficient time in Armenia to maintain your residency. Second passport in Grenada, can be defined as, getting legal citizenship of Grenada through investment in economy of Grenada through various means like, real estate, business, government bonds, etc. A non-refundable donation to the National Transformation Fund of a minimum of USD 200,000 is the easiest way to acquire Grenadian citizenship by investment.
Having decided to make an investment to facilitate US immigration through the EB5 program, we identified the US Immigration Fund -NY, LLC as the regional centre and the 101 Murray Street Project to invest in. An investment in a project specially under the EB 5 program is complex both in terms of assessing project risks and in understanding the immigration related process. Residency Invest assisted us through this and the communication and documentation was clear, efficient and quick.
Grenada assess many risks when reviewing applications, one of these is reputational risk. Police Certificates must be less than 6 months old and must state whether there are any records evidencing criminal activities or convictions of the person identified above. Required for every country where an applicant has resided for more than one year in the last ten years. Due diligence is performed on any dependant child, who is 17 years or older, subjected to additional fees. Please be advised that all applications for citizenship are processed by the Department of Home Affairs in the Office of the Prime Minister in Grenada, not by our office here in Washington. turkish citizenship by Investment New Citizenship with passports for you and your family.
With English being the official language, Expat families find the transition smooth and simple. St. George’s University is one of the most highly regarded and popular universities in the Caribbean, and specialises in Medicine and Veterinary. The islands have a tropical sunny climate with an average year-round temperature of 28°c. Although the climate is warm all year round, the island experiences some seasonal changes depending on altitude. Grenada is a politically stable country with the Prime Minister as the leader of the Government. The island has excellent financial regulations and is home to a number of Canadian banks.
- No interview, education, or management experience requirements, as part of the citizenship investment program application process.
- Unlike other business immigration paths, the PR status is not tied to the success of the business.
- Visa-free travel to over 140 countries including Schengen countries, the UK, and is one of three countries to enjoy visa-free travel to China.
Want to learn more about the many real estate projects that have been approved for sale under the Grenada Citizenship Program? The Sanctuary at Fiji Beach – a fully gated residential resort in an incredibly serene environment with spectacular amenities, also being developed by C&C Grenadines. The project is located at L’Esterre Carriacou, one of the country’s most picturesque and least developed islands.
For these reasons, the donation route is still by far the most popular choice among investors. Processing fee of $1,500 for a single applicant with spouse, plus $1,500 for each adult dependent and $500 for each child dependent. There have been some accounts of investor citizens experiencing difficulties when trying to renew their Grenadian passports. These issues were eventually solved, but it doesn’t reflect well on the professionalism of the program. As a leading global corporate and trust service provider established in 1972, GTOS offer our clients more than 45 years’ experience and employ more than 1,200 staff across our network of 68 offices worldwide.
The country is landlocked in a conflict-prone region and lacks the lifestyle appeal of other countries offering similar programs. You will need to invest between $1,000,000 and $2,000,000 in various local enterprises, securities or bonds in the country – or deposit $1,500,000 with the central bank for five years without any interest. However, the passport is subpar, and although it gives you access to 112 countries visa-free, these exclude the Schengen area, the US, Canada, the UK, Japan and China. In that case, you’ll pay roughly $330,000 to receive $1.1M from the bank – in which case your investment will turn into a one-time $330,000 donation. Interestingly, Bulgaria allows applicants to finance their investment amount through a loan from a European bank.
Would recommend their services and projects without hesitation to others following a similar path to ours. Our team will assist in preparing all documents to support your application and investment choice. Once you investment is choice is made, and the application file is complete and if necessary, translated accordingly, the balance of the legal fee becomes payable, plus any due diligence fees and real estate deposit. But this unique visa is not the only draw for Indian and other nationalities to Grenada’s CBI Programme. 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.