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Grenada

If you’re interested in obtaining Grenadian citizenship through real estate investment, here are the key details:

  •  Investment Options: 
    • Option 1: Share Ownership in a government-approved real estate project.
    •  Option 2: Purchase a government-approved real estate property.
  • Minimum Investment: For both options, the minimum investment required is USD 220,000.
  • Holding Period: Regardless of the option chosen, investors must hold the real estate for at least 5 years following the grant of citizenship.
  •  Government Fees and Costs:Government Fee: USD 50,000 (except for siblings, parents, and grandparents under age 55).  Application Fee: USD 1,500 per person. Due Diligence Fee: USD 5,000 per person (dependent child 17 and over).Processing Fee: USD 1,500 per person (aged 18 and over).Interview Fee: USD 1,000 per person (including non-applicant spouse and non-applicant sponsor).
  • Benefits:  Investors receive a Grenada passport.  Passive income from rent (if applicable).Eligibility to stay in a hotel for one to two weeks per year.
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Types of visa required and processing time

If you’re considering Grenada’s real estate investment option for citizenship, here are the key details:

 Investment Options:

  •  Real Estate: You can invest in government-approved real estate projects such as hotels, resorts, and villas.  The minimum investment required is   USD 220,000.
  •  Government Contribution: Additionally, there’s a non-refundable contribution of USD 50,000 for this option.

 Holding Period:

Regardless of the option chosen, investors must hold the real estate for at least 5 years following the grant of citizenship.

Fees and Costs:
  Here’s a breakdown of the costs associated with the real estate route:

  •    Government Fee: USD 50,000 (except for siblings, parents, and grandparents under age 55).
  •    Application Fee: USD 1,500 per person.
  •   Due Diligence Fee: USD 5,000 per person (dependent child 17 and over).
  •  Processing Fee: USD 1,500 per person aged 18 and over (USD 500 for persons under 18).
  • Interview Fee  : USD 1,000 per person aged 17 and over (including non-applicant spouse and non-applicant sponsor).

Processing Time:

The Grenada Citizenship by Investment Program typically takes 3 to 4 months   for processing.    Once your application is submitted, the government generally provides an answer within   90 days  , and passports for successful applicants are issued within 10 working days.

What are the specific steps involved in applying for Grenada's real estate citizenship program?

If you’re interested in obtaining Grenadian citizenship through real estate investment, here are the key steps:

Choose an Approved Real Estate Project:

  •   Explore government-approved real estate developments such as hotels, villas, and resorts in Grenada.
  •   These projects offer investment opportunities for high returns and qualify for citizenship by investment.

 Investment Amount:

For the real estate option, you must invest a minimum of USD 220,000 in the approved project.

  Application Preparation:

  • Work with an authorized agent to prepare your application.
  •  Gather the necessary documents, including your passport, birth certificate, and police record.

Alien Landholding License (Optional):

  •  If you’re not purchasing pre-approved property, obtain an Alien Landholding License.
  •  The license allows foreigners to buy property in Grenada. It costs 10% of the property value.

Purchase and Sale Contract:

  •    Engage a reputable lawyer to draft a Purchase and Sale contract.
  •  Pay a 10% deposit to secure the purchase.

 Property Valuation and Title Transfer:

  •    Hire a certified property surveyor to conduct a valuation.
  •   Prepare documents for the transfer of the title deed.

 Submit Documents:

  •   Your lawyer will submit the necessary documents to the Grenada Land Registry.
  •  Once approved, you’ll be registered as the new property owner.

What are the benefits of Grenada’s citizenship?

Grenada offers several benefits to individuals seeking citizenship through its Citizenship by Investment Program. Let’s explore these advantages:
 

  Visa-Free Travel:

  •  Grenadian citizens can travel to 140+ countries without a visa. This includes popular destinations such as the United Kingdom, countries in the Schengen Area, Singapore, and Hong Kong.
  •   In the Schengen states, Grenadian passport holders can stay for up to 90 days within any six-month period, and in the UK, they can stay for up to 180 days annually.

 Business Visa to the USA (E-2 Visa):

  •   Grenada citizens can easily obtain an E-2 business visa to the United States.
  •    The E-2 visa allows holders to live and conduct business in the USA. Spouses and children of the main applicant can also live, study, and work in the US.
  •    No minimum investment threshold is defined, but typically, investing around $100,000 in their company is sufficient.

 10-Year Visitor Visa to the USA:

  • Grenadian citizens receive a B-1/B-2 visitor visa to the United States, valid for up to ten years.
  •  This visa allows them to spend up to six months in the US annually.

 Safe Haven and Immigration:

 Grenada provides a safe and welcoming environment for investors. Citizens can reside on the island as much as they want and easily enter the country, even during border closures.

Tax Optimization:

  •  Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax.
  •    Repatriation of profits and imported capital is unrestricted.

  Dual Citizenship:

  Grenada recognizes dual citizenship, allowing individuals to retain their existing citizenship while enjoying the benefits of being Grenadian citizens.

 Education and Scholarships:

 Grenadian citizens receive benefits and scholarships to study at universities in the UK and the US, with opportunities for internships at leading companies