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GRENADA CITIZENSHIP BY INVESTMENT PROGRAM

Grenada is a country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself plus six smaller islands which lie to the north of the main island. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines.

Grenada – Quick Facts

  • Capital: St George’s
  • Passport Rank: 33
  • Population: 120,000
  • Language: English

GRENADA CITIZENSHIP BY INVESTMENT PROGRAM

The Citizenship by Investment Programme for Grenada is one of the newest investment programmes available to investors. The programme provides Grenadian passport to investors offering visa-free travel to over 144 countries including the UK, EU Schengen countries and China.

Grenada Citizens are eligible to apply for E2 visa for United States. Grenada Also allows an applicant to include unmarried dependent siblings in the same application which makes the program very unique.

INVESTMENT OPTIONS

Grenada Passport can be obtained either by making a non refundable contribution in National Transformations funds or investment in approved real estate projects.

Option 1: National Transformation Funds (Non refundable)      

Non refundable contribution(National Transformation Funds)

Under Sustainable growth Funds, applicant can obtain life time citizenship by donating below mentioned amount in Sustainable Growth Funds.

Family Size Contribution

(Non refundable)

Application and Processing Fee Due Diligence

 

Single Applicant $ 150,000 $ 3,000 Main applicant: $5,000
Main Applicant +  Spouse $ 200,000 $ 3,000 Each Main applicant: $5,000

Spouse: $5,000

Main Applicant + Spouse + 2 Dependents $ 200,000 $ 3,000 Each Main applicant: $5,000

Spouse: $5,000

Dependents over 17 yrs: $5,000

Main Applicant + Spouse+ more than 2 Dependents $ 200,000

(Plus Additional $25,000 for each dependent irrespective of age)

$ 3,000 Each Main applicant : $5,000

Spouse : $5,000

Dependents over 17 yrs : $5,000

 

Option 2: Real Estate Investment

Real Estate Investment ($220,000 investment in govt. approved projects)

The applicant is required to purchase $ 220,000 shares in a govt. approved project. Shares can be sold after 5 years. During the holding period applicant can also earn return on investment without any ongoing project cost. Additional to this by investing in real estate applicant gets TRN which is one of the important documents to apply for E2 visa in USA.

Family Size Investment Due Diligence Government Fees Application & passport fee
Single Applicant $220,000

(5 yrs Holding Period)

Main applicant: $5,000 $ 50,000 $ 3,000

 

Main Applicant +  Spouse $350,000

(5 yrs Holding Period)

Main applicant: $5,000

Spouse: $2,000

$ 50,000

 

$ 3,000 each

 

Main Applicant + Spouse + 2 Dependents $350,000

(5 yrs Holding Period)

Main applicant: $5,000

Spouse: $2,000

Dependents over 17 yrs: $2,000

$ 50,000

 

$ 3,000 each

 

Main Applicant + Spouse+ more than 2 Dependents $350,000

(5 yrs Holding Period)

Main applicant: $5,000

Spouse: $2,000

Dependents over 17 yrs: $2,000

Upto Family of 4: $50,000

Each Additional Dependent: $ 25,000

$ 3,000 each

 

** Legal and Professional fee applicable

BENEFITS OF OBTAINING GRENADIAN CITIZENSHIP

  • Visa-free travel to over 142 countries including the UK, EU Schengen countries and China
  • Citizenship is for life
  • Dual citizenship allowed
  • No physical residence required
  • No tax on worldwide income
  • Pay no tax if not residing in Grenada
  • Fast processing within 3 – 5 months
  1. Increased Global Mobility & Easy Access to The USA

Grenadian passport allows you travel visa-free to around 142 most attractive business and travel destinations in the world including the UK, the Schengen area, Russia, Singapore and Australia.

As a US Treaty Nation, Grenada’s citizens are entitled to operate a substantial business in the U.S. and reside there on an E2 visa. This is a major advantage since there are a number of countries in the world including China, Russia, Brazil, South Africa, and India that do not have an E-2 treaty with the USA. Therefore, investing in the second passport of Grenada with the subsequent obtaining of the E-2 business visa is an excellent solution for investors/businesspersons wishing to enter the US market.

  1. Attractive Tax Regime

Grenada is often termed as a global tax haven since it offers investors a very favorable tax regime. Citizens of Grenada do not pay tax on capital gains, wealth or inheritance. The country also imposes no tax on worldwide/foreign income, making it a very tax-efficient destination for investors looking to settle in Caribbean Islands.

  1. Home to St. George’s University, one of the world’s largest American accredited medical schools

Grenada is home to one of the most popular and well-regarded medical schools – St Georges University (SGU).  Renowned for its medicine, nursing and veterinary medicine degrees; the university is affiliated with many other educational institutions, including the UK, USA, Canada and Australia. Therefore, it offers investors’ children an opportunity to graduate with a medical degree from a world-renowned university and that to be at lower tuition fees.

  1. Fast Application Process

For those who need to secure second citizenship quickly, Grenada’s second citizenship programme is the perfect choice as it is one of the fastest citizenship programmes in the world.  A real estate investment in Grenada allows investors to attain citizenship in a very short time period of just 60 days. Your will be getting your new passport shortly thereafter, and you’re ready to go.

  1. No Physical Residency Requirement & Dual Citizenship Recognition

One of the big advantages of the Grenadian second citizenship programme is the fact that to gain and maintain their Grenadian citizenship status, investors do not need to reside on the island. In fact, there is no requirement to travel to Grenada during the application process.

For investors who are looking to expand their portfolio with a second passport, having to renounce their current citizenship generally is a big concern. However, Grenada Second Citizenship Programme allows investors enjoy dual citizenship since they do not have to renounce their original citizenship to become citizens of Grenada.

 

WWICS – OFFERING EXPERT GUIDANCE AND ASSISTANCE GRENADIAN CITIZENSHIP BY INVESTMENT PROGRAM

STEP 1: The Client will sign the official Contract with WWICS. Initial Payment needs to be paid at this step.

STEP 2: A preliminary check on Applicant’s profile is processed and an initial Due Diligence Report is provided along with a checklist of necessary documents and application forms.

STEP 3: Client needs to complete the Application forms with the assistance of WWICS. The second payment according to the issued invoice needs to be paid at this step.

STEP 4: Once the forms are completed, the Client’s File will be submitted to the Citizenship by Investment Unit (CIU) for approval.

STEP 5: After submission, we wait to receive the “Approved in Principal” Letter from the Citizenship by Investment Unit.

STEP 6: Once we receive the Approval letter, the Client needs to make the final payment as per the invoice issued.

STEP 7: In case of Real Estate Investment, the Client will receive “Certificate of Naturalization” and “Share Certificate”

STEP 8: Passport Applications will be submitted after the Approvals and Certificates and the Passport will then be issued.

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