Grenada, or the “Island of Spice,” offers a variety of pathways to obtain dual citizenship. These programs are quick and cost-effective and provide a wide range of benefits.
Applicants can gain citizenship through the government’s National Transformation Fund or real estate investment. Investing in real estate can be lucrative and is typically resalable after some time.
Cost
Grenada is an excellent option if you’re looking to secure a passport for your family in one of the most beautiful destinations in the Caribbean. Citizenship in Grenada is not only a strong passport; it also offers visa-free travel to more than 140 countries, including the USA (E-2 investor visa), and a wealth of benefits from low taxes to business incentives.
Grenada’s citizenship by investment program is run by a specialized government department known as the Citizenship by Investment Committee (CBIC). You can apply through an international marketing agent (IMA), who will be your local representative, and submit all documents to CBIC.
A minimum contribution of $150,000 is required for a single applicant or $200,000 if you apply as a family. This can be done through the National Transformation Fund or a real estate investment in government-approved developments such as resorts and villas.
The government will use the amount you contribute to the NTF to finance various projects that benefit tourism, agriculture, and alternative energy. This will help develop Grenada’s economy, boost the country’s reputation, and significantly impact your family’s lifestyle.
If you want to take advantage of Grenada’s citizenship by investment program, our advisors can guide you through the process. They will prepare all the necessary documents and application forms in English and have them legalized if needed. They will then hand them over to a local agent who will submit the documents at the CBIC and receive all correspondence on your behalf.
Time
Obtaining dual citizenship Grenada can take between 3 and 4 months. This is due to the high standards and requirements the country’s government sets. It is essential to work with a licensed immigration attorney that understands the needs and can complete the process correctly and on time.
Two main ways to apply for citizenship are a direct investment in approved real estate projects or a contribution to a government fund. The latter option is ideal for those who want to secure a second passport quickly and efficiently while making a monetary contribution to the National Transformation Fund, which focuses on crucial elements of Grenada’s economy like tourism and alternative agriculture.
To qualify for the economic citizenship program, an individual or family must make a minimum one-time monetary donation of $150,000 to the National Transformation Fund and invest $350,000 into one of Grenada’s government-approved real estate development projects. Government fees are also paid for any dependents included in the application, including the principal applicant, their spouse, and up to three children under 18.
This citizenship-by-investment program is one of the fastest in the world. In addition to being an affordable way for foreigners to obtain a second passport, it is also the most secure and flexible. A Grenada passport allows you to live and work in the United States and 146 countries worldwide without needing a visa, which is an invaluable asset in today’s global economy.
Requirements
Citizenship in Grenada provides a fast and cost-effective way to obtain a second passport to travel visa-free to over 140 countries. It also offers excellent tax exemptions and an efficient immigration system compatible with the US E2 Visa.
There are several ways to obtain citizenship in Grenada, each offering benefits. The most popular route is through the economic citizenship program, which was introduced in 2013.
This program allows applicants to obtain a Grenadian passport and naturalization certificate by making an approved investment of at least $350,000 in real estate or a financial contribution to a government fund. It is the fastest and most efficient economic citizenship program in the world, with candidates never having to travel to Grenada as part of the application process.
Alternatively, investors can financially donate to Grenada’s National Transformation Fund (NTF). The fund was established to boost the country’s economy and attract more foreign direct investment.
The government’s donation route requires a minimum contribution of $150,000 for the principal applicant or $200,000 for a family of four. This will be subject to a government fee and due diligence fees.
If you’re interested in obtaining citizenship in Grenada, our experts at LaVida will assist you with the application process by gathering the necessary documentation and submitting it to the specialized Grenadian government department, the Citizenship by Investment Committee. We can then help you through the process, including ensuring your documents are legalized.
Documents
Dual citizenship is a good way for high-net-worth individuals to increase their global mobility. It can help you and your family access visa-free travel to over 140 countries worldwide, including the USA.
A second passport can also give you and your family more freedom to live, travel, and work in other countries. It can also protect your assets and business against taxes, confiscation, and other threats.
Grenada’s Citizenship by Investment program is an attractive option for those seeking a second passport and the security of global citizenship. The scheme is simple, quick, and offers a variety of benefits.
The documents needed to obtain citizenship by investment in Grenada are simple and can be compiled easily with the assistance of an international marketing agent (IMA). An IMA will assist you with gathering the required documentation and submit it on your behalf to the Citizenship by Investment Committee (CBIC) in Grenada.
An IMA can also help you purchase an approved real estate property. This requires a minimum investment of USD 220,000 and must be held for five years.
Citizenship by investment in Grenada is a fast and straightforward process that provides a range of benefits to investors and their families. The country’s thriving tourism industry, strong trade climate, and lifestyle perks are just a few of the advantages that make it an appealing choice for anyone looking to obtain a second citizenship and a second passport.
