Grenada

Launched in August 2013, the Grenada Citizenship by Investment (CBI) program is one of the newer Caribbean programs. The mission of this program is to strengthen the country by creating economic growth through foreign investments.

 

The CBI program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament.

Country Highlights

Capital

Saint George’s

Population

124,610 (2021)

Language

English (official), Creole English

Currency

East Caribbean dollars (XCD)

Exchange Rate

1 USD = 2.7 XCD

Government Type

Parliamentary democracy (Parliament) under a constitutional monarchy and Commonwealth realm

Global Ranking

29th

Time to Citizenship

4-6 Months

Minimum Investment

US$ 150,000

Type of Investment

Donation or real estate

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Benefits

  • Global Ranking: The Grenada passport is ranked the 29th most powerful passport in the world.
  • Business Advantages: Grenada presents an array of business-friendly incentives, including diverse investment options like high-yield real estate, opportunities in off-shore banking, and unique prospects for business and tax planning.
  • Global Mobility: Enjoy visa-free travel to more than 150 countries, including popular destinations like Europe, the UK, Singapore, and Hong Kong. Citizens of Saint Lucia can also obtain Canadian and American visas easily upon arrival.
  • Tax Benefits: Grenada provides a favorable tax regime, with no global or income taxes to worry about.
  • International Mobility: Enjoy visa-free travel to over 150 countries, including popular destinations such as the Schengen countries, the UK, and Hong Kong. Moreover, Grenadians can pursue residency in China and investors can establish a business and reside in the United States through the USA E-2 visa program.
  • Dual citizenship: This means you can obtain your Grenada passport while retaining your original citizenship.
  • Commonwealth Nation: Grenada is a parliamentary democratic, independent and sovereign State within the Commonwealth of Nations.
  • Swift Processing: Secure your passport and citizenship within 4-6 months from the date of application submission.
  • Inheritance: : Holders of Grenadian citizenship will receive lifelong citizenship that can be passed down to future generations
  • Inclusive Criteria: There is no minimum education requirement for applicants.
  • No Residency Obligation: Citizenship is granted without the need to reside in Grenada, as is required by several countries across the globe.

Required Documentation/Paperwork

  • Birth certificate
  • Personal identification card
  • Residence card, if applicable
  • Personal photos measuring 5x5 cm
  • Valid passport
  • Electricity bill for the last 3 months
  • Marriage certificate
  • Divorce certificate
  • Reference letter from a lawyer
  • Reference letter from the bank
  • Bank account statement for the last 12 months
  • Educational certificate for the latest degree/certificate obtained
  • Non-criminal certificate
  • Fingerprints

Eligibility Criteria

  • The applicant must hold a passport with a validity of at least 6 months.
  • The applicant must have a clean criminal record.
  • The applicant must complete a medical examination.
  • The applicant should have a minimum of $200,000 in their bank account.
  • All applicants should not have been refused entry to the Schengen or UK regions in their previous visa applications. In case of a refusal, applicants must reapply and receive approval before applying for any Caribbean programs.
  • Grandparents above the age of 55 may be included as dependents.
  • Children up to the age of 30 may also be included as dependents, provided they are
  • Applicant interview required

Steps

  • Step 1: Take advantage of the free consultation with AZUR CBI.
  • Step 2: Prepare the necessary paperwork and documents required to obtain the nationality.
  • Step 3: AZUR CBI will certify, translate, and attest the required documents and complete the application.
  • Step 4: AZUR CBI will send the documents and application to the designated legal consultant in Grenada.
  • Step 5: The designated legal consultant will submit your application to the Citizenship by Investment Unit in Grenada.
  • Step 6: Submit your application form and pay the required security inquiry fees; if opting for the real estate option, it’s essential to reserve your desired property. Note that the real estate investment can be refunded in case of a rejection.
  • Step 7: The government will issue the necessary inquiry report and will accordingly make a final decision.
  • Step 8: Once your application is accepted, you will be required to make the donation payment, or if choosing the real estate option, then you must pay the balance of the purchase process.
  • Step 9: Receive your nationality certificate and passport upon approval.

Costs

  • Donation – main applicant: Starting from $150,000
  • Real estate investment (for family of four): Starting from $220,000

 

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