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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


Mount Cinnamon Grenada Citizenship

Requirements For Applicants

The recent development of high standard infrastructure to support the increase of the tourism industry on the island favours strong investment opportunities in the real estate and construction sectors. Investment in an authorized real estate project for 4 years and with the minimum value of USD 220,000. If you have a relatively decent passport, you may only need a second passport to complement your first. If you don’t work permit turkey want to wait to get that second passport, citizenship by investment is the fastest way to fill those gaps. In some countries, you will need to attend a swearing-in ceremony to receive your naturalization certificate. In others, you will need to meet a minimal residence requirement (usually five days within a five-year period) to be able to renew your passport at the end of your first five years of citizenship.

grenada citizenship by investment

Our Solution Advisers prepare secured and profitable investment options for you. Primary applicant must be 18 years of age or older to apply for Citizenship of Grenada through the Citizenship-by-Investment Program. Citizenship Application fees are extra and will vary depending on the number of dependents included in your application. Please contact CSL for a personalized estimate of what your total Citizenship-by-Investment fees may entail.

Citizenship By Investment Programs

The other visa a lot of potential Nigerian clients ask us about is the E-2 Treaty Investor Visa. The E-2 visa allows a person to move to the US for the purposes of owning and operating a business. People use it to buy restaurant franchises or gas stations, but the business opportunities are much broader than this. The L-1A visa is limited to a maximum of seven years and the L-1B for a maximum of 5 years.

grenada citizenship by investment

As dependents, the program accepts spouses, children, siblings, parents, and grandparents. A donation and real estate option are available through Grenada’s economic citizenship program. Only certified agents who are licensed by the government work permit turkey may apply for the program. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 153 countries including the UK, EU Schengen countries and China.

Why Foreign Investment?

Cyprus requiresEUR 2,200,000investment in Real estate, Bonds or in Enterprise projects. You have to visit the country to receive citizenship and there is a new 6 month residency requirement before applying for Cypriot passport. St Lucia in 2017amended their citizenship lawsto decrease the investment amount $100,000 making it one of the competitive and attractive CIP’s in the Caribbean.

Applications are open to any foreign nationals, and each applicant is evaluated on their merit, with anyone aged 18 or over able to apply. To aid their application they must be in good health, have no criminal history and be able to make the required investment. Main applicants are able to include certain family members in their application who are known as dependents. Each member is thoroughly vetted by the Government of Grenada to ensure that the right individuals are awarded citizenship.

They do an excellent job, are always punctual, and offer the most competitive rates in Europe! We have also involved them on occasion for extra legal jobs, and recently I am using their accounting service to fulfil the VAT requirement and to complete our balance sheets. The Grenada Citizenship by Investment Programme has a processing timeframe which ranges between approximately 6 and 8 months from the submission of the application to the issuing of the Certificates of Naturalization and passports. You should receive your passport no later than two weeks after you have been approved for citizenship. This should only be used as a guideline as changes in Government policies and differences in each application need to be taken into account. Grenada is the only country in the Caribbean whose citizens have access to the USA’s E-2 visa.

grenada citizenship by investment

Grenada allows dual citizenship, moreover, it is transferable to descendants and the whole family can apply for citizenship, including children up to 30, siblings, and parents. Grenada’s tax regime claims no tax on income, wealth, and inheritance. In addition to that, the USA E-2 Visa can be obtained through Grenadian Passport. Grenada is one of the most beautiful and lush islands of the West Indies.

Grenada Citizenship By Investment Amendment

Some GV countries do not accept clients from North Korea, Iran, Sudan etc. Despite brexit UK is still attractive for investment with world class living, health care and education for children. The Quebec government has announced the QIIP has been suspended until April 2023 for review of the programme. It is also possible to apply for Greek citizenship after 7 years of strict living. You have to pass, language and civic test and evaluation of applications takes another 2-3 years. Due to Covid pandemic, the processing times for GV applications average 10 months plus.

This is one of the fastest turnarounds for second citizenship and a second passport of any country that sells citizenship. Consequently, some people casually refer to Grenada CBI as an instant economic citizenship program. In addition to being an almost instant citizenship by investment program, Grenada is also one of the most reputable citizenship through investment programs in existence.

Antigua and Barbuda Antigua and Barbuda offers one of the most competitive citizenship programs in the Caribbean. We will handle all paperwork with Grenada’s Government, which will conduct a due diligence check. Once your application is approved, you will receive a certificate of naturalization and you will be able to pick up the passport at the established avenue. Nevertheless, citizens of countries like India, China, Vietnam, South Africa and more are not eligible for the E-2 Treaty Investor Visa. Citizens of these countries have to obtain citizenship of an E-2 Treaty Country first. The United Kingdom officially left the European Union at the end of 2020 and is gearing up its new points-based immigration system.

grenada citizenship by investment

Grenadian citizens can travel without visa restrictions to more than 115 international and Commonwealth countries. These include the United Kingdom and all other members of the European Union, and important business hubs such as Singapore and Hong Kong. They must make “a payment towards an approved real estate project in Grenada. Ability to include dependents in the citizenship application; children under 25 and parents above 65. In both investment schemes, due diligence and processing fees apply for each family member.

Especially for section 10 applicants, it is important to at least visit Grenada and have a residence address, such as through a lease. Section 11 applicants who own property may be able to get by without appearing in Grenada, although it appears to be best practice to encourage clients to at least visit Grenada before any E-2 visa appointment. So what exactly are the requirements for the Caribbean Citizenship By Investment Programs? Well, each candidate is required to complete an application and provide supporting documentation for due diligence check. Candidates for second citizenship who pass the various checks would also need to make an investment as outlined below.

Politically exposed people can also apply to the program but additional documentation is required. First of all, the timeframe for Grenada citizenship by investment program is relatively short and most investors and their family members obtain citizenship within 3-6 months of filing their application. As for the steps themselves they are quite simple and streamlined, making the Grenada citizenship application one of the easiest in the world. Grenada offers its citizenship to investors who possess the net worth to invest in Grenada and have a clean criminal background. Grenada’s citizenship by investment program does not come with any Grenada immigration requirements and is handled by a specialized unit of the Grenada immigration department dubbed the Grenada Citizenship by Investment Committee. Grenada is the only Caribbean country offering access to the US as an E2 Treaty Agreement signatory.

  • Only a registered agent can submit an application to participate in the Grenada Citizenship Program on behalf of the investor.
  • I’m not including any fees here that you may need to pay to your authorized agent to set up the application with the Grenada government.
  • Our community outreach extends throughout the Caribbean, with many charitable programs and projects completed and currently underway.

Grenada passport allows you to apply for E-2 visa for living and conducting business in the United States. If not, you can transform it into an Airbnb or rental accommodation to have a steady income every month. You only need to hold out your investment for the first three years before you can get your ROI.

grenada citizenship by investment

And this investment must be held for a minimum of 3 years following your Grenadian citizenship being granted. You can bring your wife or spouse, along with your dependant children aged and your children under 18. Yes, you may apply for Grenada citizenship with your wife or partner, dependent children and dependent parents.

Kimpton also has a performance test that requires its hotels to meet certain operating benchmarks, giving further protection to owners. At present, Grenada’s economy is expanding in the tourism, agriculture and manufacturing sectors. As part of the Eastern Caribbean Central Bank and Currency System, its currency is stable, secure and tied to the US dollar. Additionally, the government offers numerous tax concessions and fiscal incentives, which makes doing business in Grenada very appealing. This project is a very exclusive development and offers investors the opportunity to purchase fully completed and furnished villas, which they can both use and put into the rental pool. They are very high end and set up on the cliffs overlooking the bay, stunning views.

Most people in the citizenship industry sell passports like it’s McDonald’s. Different CBI passports grant access to Russia, China, South Africa, and even the US. As the world has developed and grown ever more interconnected, the state has come to rely on passports to control who has the right to enter and leave the country. At its heart, citizenship is the embodiment of the social contract – an agreement between individuals and society to work together to achieve mutual benefits.

grenada citizenship by investment

Whether citizenship by investment is the right option for you depends on many factors. Again, economic citizenship is just one of four ways to get a second passport. And before you rush off to buy a second passport, we Turkish resident permit encourage you to first consider other options we’ll discuss here that may be a better fit. Another option is to invest in Europe and get European residency in a country that can eventually lead to European citizenship.

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