Grenada Citizenship by Investment
The Grenada Citizenship by Investment Program (CIP) was introduced in 2013 to provide an alternative means of revenue to the island which was till then dependent on spice exports and tourism for its revenues. At present, the Grenada Citizenship by Investment program is governed through the new Grenada Citizenship by Investment Act, 2013. The entire process is run by a special body called the Grenada Citizenship-by-Investment Committee which consists of ten persons and they report to the Minister. The members come from various fields including law, trade finance, and administration. Grenada is the only Caribbean country that holds the coveted E-2 visa treaty with the US, allowing citizens to apply for a non-immigrant visa and reside there. This is an incredible opportunity as many countries such as China, Russia, India, and countries of the Gulf region do not have an E-2 treaty with the US, you can obtain your citizenship of Grenada first then apply for USA E2 Visa.
Requirements for investment
There are two modes (anyone to be chosen) through which an applicant can choose to make an Investment in Grenada
- Making a Contribution to National Transformation Fund (Government Fund)
The Government Fund aims to use the fund generated under this program for the building of schools, hospitals, stadiums, and promotion of the offshore sector.
If the applicant chooses to select this option, he can make a non-refundable contribution as per the following table:
One Principal applicant — $200,000
The applicant with spouse — $200,000
An applicant with three dependents — $200,000
For every additional dependent above four — $25,000
The second option is to invest in approved real estate and the investments to be made are provided below.
- Investment amounts for Approved Real Estate
The investment in an approved real estate project has to be made after the application is preliminarily approved. The minimum investment value for the applicant choosing this option is $350,000. Additional fees need to be paid for individuals selecting this option and they are mentioned below. The real estate acquired for citizenship cannot be transferred for three years.
Dependents eligible for application
Dependents are also eligible to apply for a residence along with the main applicant in the Grenada CIP. The following persons are applicable for such an application:
- a) Spouse of the main applicant
b) Children below 18 years or if between 18 and 26 years they must be principally dependent upon the main applicant and must be in full-time education in a higher educational institution.
c) In the case of parents or grandparents of the main applicant or spouse, they must be above 65 years must be economically dependent on the main applicant.
d) Mentally or physically differently-able children above 18 years.
Choose the Right Partner for your Grenada CIP Application
Empire, a leading Professional Services & Advisory Firm focused on immigration and residency offers you a simplified path to apply for the CIP program and secure approvals within the shortest possible time. With our team of immigration experts, you are assured that your application is in informed hands. If you are interested in obtaining more information about this program, please complete this short online application. One of our representatives will be in contact with you. You can reach us by phone at +60350331665 or visit our website www.empireglobal.partners. We also look forward to your emails at email@example.com. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.