The Grenada Citizenship by Investment Program requires applicants to either make a substantial economic contribution to the country or acquire a government-approved qualifying asset. In return, and following a rigorous vetting and due diligence process, including comprehensive background checks, the applicants and their families are granted citizenship.
Key Benefits of Grenada Citizenship by Investment:
- Easy access to over 140 destinations, including China, Hong Kong, Singapore, the United Kingdom, and Europe’s Schengen States.
- The only Caribbean program with an E-2 Investor Visa Treaty with the USA, making citizens eligible to apply for a non-immigrant visa after three years of continuous residence in Grenada.
- Citizenship can be transferred to new spouses and passed down to future generations.
- Ability to include a spouse, children under 30, unmarried siblings 18 and older, as well as parents and grandparents of both the main applicant and spouse.
- Grenada imposes no restrictions on dual citizenship.
- No minimum stay requirement.
Key requirements for Grenadian Citizenship by Investment:
To be eligible, the primary applicant must be over 18 years old, meet all application criteria, and choose one of the following qualifying options:
- National Transformation Fund (NTF) Donation: A non-refundable contribution of at least USD 235,000 for a single applicant or a family of up to four.
- Real Estate Option: Purchase real estate worth at least USD 270,000 from a government-approved project, plus a non-refundable contribution of at least USD 50,000 for a single applicant or a family of up to four. The property must be held for five years if resold to another citizenship by investment participant, or it can be sold anytime after purchase.
Process for applying to the Grenada Citizenship by Investment Program:
The process for obtaining Grenadian citizenship is simple and efficient, with no requirement to visit Grenada during the application process.
Compass Services will deliver the citizenship by investment application pack, which includes all necessary documents and detailed instructions. Once the completed forms are returned, the application will be thoroughly reviewed for accuracy to reduce the risk of rejection.
Applicants do not need to collect their passports in person. Compass Services will handle the collection and ensure the passport(s) are delivered to the client.
For the real estate option, the processing time may vary depending on the project. It is important to select a real estate project that can provide the necessary documentation from the developer, with Compass Services offering guidance throughout.
Frequently Asked Questions (FAQ)
What is the Citizenship by Investment program in Grenada?
The Citizenship by Investment program provides individuals and their families with the opportunity to obtain Grenadian Citizenship through substantial economic contributions to the economy.
What Investment options are available to obtain the Grenadian Citizenship by Investment?
Options include contributions to a government-fund and real estate.
What are the advantages to obtaining the Grenadian Citizenship by Investment?
The benefits of Grenadian citizenship include visa-free travel to over 140 countries, the right to live, work, and study in Grenada, and enjoying a tropical Caribbean climate with stunning beaches.
Is there a minimum investment requirement for the Grenadian Citizenship by Investment?
The minimum investment for one applicant and four other family members, begins at USD 235,000 for a contribution to the National Transformation Fund.
What is the timeframe for processing an application?
Application processing times for Citizenship by Investment applications vary. Please contact Compass Services directly for further information.
Can I include my family members in my application?
Yes, the main applicant can include their spouse, dependent children, as well as dependent parents and siblings in their citizenship application.
Can I include my family members in my application?
Yes, the main applicant can include their spouse, dependent children, as well as dependent parents and siblings in their citizenship application.
Are there any residence requirements in Grenada?
No, there are no specific residence requirements.
What documentation will be required for the application process?
Documents required include:
- A valid passport
- Proof of investment
- Proof of health insurance
- Certificate of no criminal record
What is the procedure for applying to the Grenadian Citizenship by Investment Program?
Applicants are required to select a qualifying investment, submit their application along with the necessary documents, and complete a due diligence process.