The Grenada Citizenship by Investment Program was inaugurated in August 2013. Grenada’s nationals enjoy visa-free travel to 144 countries, including Schengen countries such as the United Kingdom, the European Union, and Russia. Grenada is also a member of the E2 Treaty with the United States. This qualifies Grenadians for the E2 US visa, which allows them to run a business while residing in the United States. keep reading if you want to know everything about the Grenada Passport.
- If you wish to broaden your horizons, a Grenada passport is definitely worth the investment. Not only will you be able to live permanently with your family on one of the best Caribbean islands, but the passport will also present you with several other advantages.These are some of them:
- 144 nations, including China, Hong Kong, Singapore, the United Kingdom, and the Schengen Area of Europe, offer visa-free or visa-on-arrival travel.
- The only Caribbean citizenship by investment program that provides visa-free travel to China.
- The E2 visa allows you to work and live in the United States.
- Grenada has no capital gains, succession, income, or wealth taxes on global income or assets, which is a significant tax benefit.
- The application procedure is simple.
- Citizenship can be passed from parents to children as well as to new spouses.
- The primary applicant’s spouse, children under the age of 30, unmarried siblings aged 18 and above, parents, and grandparents can all apply.
- Dual citizenship is not prohibited in Grenada.
- There is no minimum stay required.
Investment Options
There are two options for obtaining Grenada citizenship:
1. The National Transformation Fund (NTF): is a place where you may put your money to work. The NTF was created to help Grenada’s economy grow.
- To obtain a passport or visa, the principal applicant must invest at least $150,000.
- $200,000 investment for a four-person family
- Each new family member over the number of these four is charged $25,000 in addition, regardless of age.
2. Real estate investment in government-approved properties: There are two types of real estate investments accessible.
- The applicant can purchase a pre-approved property in its whole for a minimum of $350,000.
- Alternatively, the investor can make a partnership investment of at least $220,000 per person.
If the buyer wants to become a Grenada economic citizen, both investments must be maintained for five years.
Government costs based on the number of dependents included in a single application are also included in these real estate investments. Following are the fees:
- $50,000 for a four-person family
- $25,000 for each additional dependent over the family of four, regardless of age.
Other fees levied by the Grenada government include:
- $1,500 application fee
- Fees for due diligence: $5,000 for each applicant above the age of 17.
All applicants above the age of 17 must pay a processing fee of $1,500. Applicants under the age of 17 will receive $500.
The real estate investments also include government fees based on the number of dependents included within a single application. The fees is as follows:
- $50,000 for a family of four
- $25,000 for each dependent over above the family of four, irrespective of their age
The government of Grenada also charges other fees like:
- Application fees: $1,500
- Due Diligence fees: $5,000 for every applicant over the age of 17 years
- Processing fees: $1,500 for all applicants over 17 years of age. $500 for applicants under 17
Applicants must meet various requirements to become citizens of Grenada:
- You must be at least 18 years old.
- Have a unique personality.
- Have a healthy life.
- Have no criminal history.
- Pass a thorough background investigation.
- Provide evidence of the source of funds. Legal funds are a must.
Processing Time: 3-4 months
What is the E2 Treaty Investor Visa?
Grenada and the United States have had an E-2 Treaty in place since 1989. Grenada citizens are eligible for the E-2 Treaty Investor Visa, that allows them to migrate to the US to invest in or run a business. The E-2 Visa entails the following benefits:
- An E-2 Visa has no expiration date and can be renewed indefinitely as long as the underlying business continues to operate.
- People who are unsure of what type of business they want to start in America can look into franchise opportunities.
- Spouses can accompany the primary applicant and apply for a work permit in the United States with far greater freedom than other work visas such as the H-1B visa. Children under the age of 21 can also accompany their parents in the United States.
- While Grenadian citizenship does not guarantee a US visa, Grenada is a signatory to the E-2 Treaty with the US.
- The E-2 visa program is a quick and efficient way to expand or start a business in the United States.
Why choose A2W Consultants?
A2W Consultants is a trusted immigration consultant in Dubai that specializes in E-2 visas. E-2 visa processing periods are extremely fast, sometimes as little as one month. While the EB-5 visa application is pending, many of our clients have chosen to apply for an E-2 visa as a way to quickly live and work in the United States. The usual processing period for EB-5 visas is two years and so the E-2 visas are a good approach to shorten the process. The citizenship of an E-2 Treaty Country determines eligibility for the E-2 Visa. Grenada is an E-2 country, which means that its people are eligible for an E-2 visa regardless of the road to citizenship they take.
Speak with a member of our expert staff at A2W Consultants. We have a 100% success rate in citizenship by investment applications as the UAE’s #1 Immigration firm. We provide a service that is personalized to your requirements and demands. From start to finish, our team of professionals will work carefully to ensure a successful application. Contact us right away!