Grenada Citizenship by Investment
Grenada’s Citizenship by Investment program, launched in 2013, has established a strong reputation due to its successful operation and rigorous due diligence process. Among Caribbean countries, Grenada stands out as the provider of visa-free access to China and convenient entry into the United States via the E-2 Investor visa, facilitated by a treaty between Grenada and the US.
The Grenada Citizenship by Investment Program offers a gateway to obtaining citizenship through a significant economic contribution or acquiring a government-approved asset. With a rigorous vetting process and comprehensive due diligence, successful applicants and their families gain access to the privileges of Grenadian citizenship.
Requirements for Grenadian CBI
Application Process and Time Frame
To qualify, the primary applicant must be over 18 years old and fulfill one of the following investment options:
- National Transformation Fund (NTF) Donation
- Real Estate Investment
Other Requirements to obtain Grenada Passport follow:
- Inclusion of Dependent Children: Investors can include their children below the age of 30, provided they are financially dependent and enrolled as full-time students.
- Inclusion of Parents and Parents-in-Law: The investor has the option to include their parents and parents-in-law who are above the age of 55.
- Inclusion of Siblings: The investment can also cover the investor’s siblings.
- Clean Criminal Record: Applicants must possess a clean criminal record from all jurisdictions they have resided in.
Applying for Grenadian citizenship is efficient and straightforward, without requiring a personal visit to Grenada. Once you receive the application checklist from Cross Border Freedom, including all necessary instructions, our consultant will meticulously review it for accuracy and completeness, ensuring a higher chance of approval.
Typically, the government provides a response within 90 days of application submission, with successful applicants receiving their passports within 10 working days. Our office will handle the collection and delivery of passports.
The time frame for real estate option applications may vary depending on the chosen project. Our experts will guide you in selecting a project that meets the necessary requirements and provides the required paperwork. Embark on your journey to global mobility and seize the exceptional opportunities offered by the Grenada Citizenship by Investment Program with the support of our experienced team.
Grenada Citizenship Options: Contribution or Investment
Aside from meeting personal requirements, applicants for Grenadian citizenship must decide between two pathways to obtain citizenship:
Contribution to the National Transformation Fund (NTF)
By financing a range of projects in key industries like tourism, agriculture, and alternative energy, the NTF contributes to the advancement of Grenada’s diverse sectors. Through their generous donations to the NTF, investors gain a profound sense of fulfillment, knowing they have played a part in the growth and development of their new nation.
Investors opting for the NTF route must make a minimum contribution of USD 235,000 to the Fund for up to 3 dependents (4 family members). for 5 family members and more additional costs requires:
- $25,000 for each parent over 55 or child,
- 50,000 for each parent under 55.
Investment in Approved Projects (Real Estate)
Aspiring applicants seeking citizenship by investment in Grenada have the option to invest in Government-approved projects, specifically in the realm of real estate. These projects encompass a range of developments, including hotels, villas, and resorts. With the booming tourism industry driving demand for tourist housing facilities, real estate investments present lucrative opportunities for investors seeking high returns.
For those choosing the approved project (real estate) route, a minimum investment of USD 270,000 is required, with an additional minimum non-refundable contribution of USD 50,000. It is essential to hold the real estate investment for a minimum of five (5) years following the acquisition of citizenship.
Important Notice: Beware of Fraudulent Agents Offering Lower Prices or Projects outside Grenada
Compliance with Investment Requirements
The Grenada Citizenship by Investment Unit (CBIU) has issued a critical notice to all investors, cautioning them against trusting agents who falsely advertise lower prices for citizenship. The Grenada Citizenship by Investment Committee has officially informed all stakeholders and applicants that offering or accepting any investment option that falls below the prescribed minimum amounts is strictly prohibited. The minimum investment is set at US $220,000, while projects not approved under this option require a minimum investment of US $350,000. For investments made into the National Transformation Fund, the minimum required contribution for an individual applicant is US $150,000.
The deceptive practices are fraudulent and should be avoided. It is essential for investors to exercise utmost caution and ensure they work with authorized agents who adhere to the official guidelines and pricing set by the CBIU. Any offers that deviate from the prescribed minimum investment amounts are illegitimate and should be regarded as potential fraud.
Moreover, the Grenada Citizenship by Investment Unit emphasizes the validity and integrity of the program’s approved projects. They confirmed that all projects enabling citizenship are exclusively situated within the beautiful territory of Grenada. Be cautious of misleading offerings claiming citizenship eligibility through investments in real estate outside of Grenada, as these are illegal and not supported by the Committee.
Investors can trust that they are making a legitimate and endorsed investment toward obtaining Grenadian citizenship by engaging in approved real estate projects within Grenada. Therefore, any investment made in real estate outside of Grenada does not qualify for Grenadian citizenship by investment, and any offerings claiming otherwise are illegal and not endorsed by the Committee.
By fulfilling these requirements, investors can become eligible to apply for Grenadian citizenship, opening doors to a range of benefits and opportunities in this beautiful Caribbean nation.
Benefits of Grenada Citizenship by Investment:
- Extensive Travel Freedom: Enjoy visa-free or visa-on-arrival access to 145 destinations, including prestigious countries like China, Hong Kong, Singapore, the UK, and the Schengen Area in Europe.
- Unique E-2 Investor Visa Treaty: As the only Caribbean citizenship program with an E-2 Investor Visa Treaty with the USA, residents of Grenada can apply for non-immigrant visas after three years of residence.
- Generational Transferability: Citizenship can be passed down to spouses, children under 30, unmarried siblings over 18, parents, and grandparents of the main applicant and spouse.
- Inclusion of Dependents: Include your immediate family members in the application, providing them with the same benefits of Grenadian citizenship.
- No Dual Citizenship Restrictions: Grenada allows for dual citizenship, enabling you to maintain your current nationality alongside Grenadian citizenship.
- Flexible Residency Requirements: No minimum stay requirements allow you to maintain your lifestyle and global mobility.
You can overcome any doubts holding you back from acquiring your Grenadian citizenship. Let us be your reliable partner on this exciting journey. Reach out to Cross Border Freedom today, and we will gladly assist you in realizing your dreams of becoming a Grenadian citizen. Cross Border Freedom is here to provide exceptional guidance and support throughout the process. Our team of experts is dedicated to answering all your questions, offering valuable insights, and facilitating a seamless application experience.
