Grenada Citizenship by Investment

The citizenship by investment program in Grenada has many advantages: remote paperwork, visa-free travel to China and the EU, immigration to the US on an E-2 visa and study on preferential terms in the UK. Even hurricanes are not that bad on this island (unlike neighboring tiny states). There is no need to live and fly to this exotic country. And the tax system is considered to be one of the most loyal. More than 4000 foreigners have already issued a Grenadian passport by investment. And every year the popularity of the program only grows.

Program's details:

• $150,000 of the minimum capital to participate in the program
  
• Passports for the whole family including the spouse, parents and siblings
• Return on the investment in 5 years
• No requirement to live in Grenada citizenship is established remotely
• The second passport in 4-6 months without giving up the first one
• Possibility to migrate to the US via E-2 investor visa
• 0% tax on the income donations or capital gains
• 140+ countries without visa including the UK, the EU and China

Investment Options:

• $ 150 000+ Non-refundable fee

Make a donation to the National Transformation Fund in the amount of $150 000 per one applicant.

State fees are also paid, when including family members:

$50 000 per a family of 2 to 4 people

$25 000 per each subsequent family member

• $ 220 000+ Real estate investments

Invest in government-approved development projects:

• $220 000 for collective investment (two or more applicants invest in the same project and become co-owners – since 2019)
• $350 000 for individual purchase

The property can be used independently or rented out. After 5 years of ownership, the assets can be sold.

In addition, each investor pays a state fee:

• • $50 000 per a family of 1 to 4 people
  • $25 000 per each subsequent family member

Object for investment:

Project: One of 12 approved construction projects in Grenada.
Developer: Chinese government developer, one of the world's largest general contractors.

• Luxury hotels and villas
• Private beach
• 18-hole golf course
• Aquapark
• marina
• Casino
• Commercial complexes

Project construction stages:

Stage 1: June 2022 - June 2024 - 18-hole golf course
Stage 2: Aug 2022 - Aug 2028 - 5* Casino Resort & Marina
Stage 3: August 2025 - August 2027 - villas and water park

For Family Members

Grenada offers an extended immigration program. Besides children and wife/husband the investor has the right to include parents, grandparents, single brothers and sisters.

A spouse

In officially certified marriage.

Children

Younger than 30 years, dependent on the investor. Children born within 12 months of receiving a Grenada passport also receive citizenship without additional fees.

Parents and grandparents

Any age.

Siblings

Childless adult siblings of the investor and his/her spouse, if they are  financially dependant on the investor and aren't married.

Requirements for Applicants

There are no language, historical or cultural knowledge requirements to participate in the program. You don't even need to pass a consular interview. The most important thing is to be a law-abiding and trustworthy citizen with legal savings.

Requirements for the main applicant

• older than 18 years of age
• no criminal record
• passed the preliminary verification by the agent for reliability
• confirmed origins of the finance
• good health (does not suffer from HIV and other dangerous diseases for society)
• there are no violations of visa regimes in the EU, British Commonwealth, Canada, USA

The authorities of the Caribbean state can refuse a passport if false information is provided, as well as if the investor poses a threat to the national security of Grenada or any other country.

Documents

All documents are submitted with an English translation and apostille stamp.

Personal documents

• a copy of the foreign passport and ID
• certificate of no criminal record
• health certificate (absence of HIV and other dangerous infectious diseases)
• application form completed in accordance with the other documents
• birth / adoption certificate, marriage certificate
• 12 color photos of each applicant
• document confirming the permanent residence address — for example, a receipt for housing and utilities or a copy of the housing lease agreement (only for the main applicant)
• documents of higher education and work experience (applies only to the investor and his / her spouse)
• recommendation letters in English

Investment confirmation

• documents to confirm the legal origin of funds
• the bank statement
• purchase and sale agreement (in the case of real estate investments)

Rights and Obligations

Foreigners with investment citizenship have the same rights as any other resident of Grenada. The investor and his/her family also have all rights related to Grenada's membership in the Caribbean community (CARICOM).

• • Live, work and start a business in Grenada and the CARICOM member countries.
  • The right to travel without a visa to 140+ countries, including the EU, China, Singapore, Hong Kong, and the UK.
  • The right to live in Grenada without time restrictions. There are no requirements for a minimum stay in the country.
  • The right to quickly (within 60 days) get a visa to the United States under the e-2 program (Treaty Investor Visa) for 10 years with the right to live, study and work in the States. This option is only available to countries that have signed a bilateral agreement with America.
  • The obligation to pay taxes regularly if you spend more than 183 days a year in Grenada. There are no requirements for mandatory change of tax residence to a Grenadian one.
  • Obligation to maintain the real estate investment for 5 years.
  • Free school tuition for children, grants and discounts at universities in Grenada and the United Kingdom due to the fact that Grenada is a member of the British Commonwealth.
  • The right to citizenship in other countries.
  • The right to transfer citizenship by inheritance.
  • The right to issue a local driver's license.

You can get detailed advice about the Grenada program or choose a similar one for obtaining citizenship from the project manager "Grenada Citizenship by Investment" +44 7884 050082 (Anna, anna.zeleniukh@hayatestate.com) or at the office +90 507 250 10 73.