Coffee breaks and a relaxed attitude – island time – is something that should be accepted. It has recently changed the law to require developers to invest 20% of its own funds into each of their projects. There is also no wealth, gift, inheritance or capital gains taxes. It’s highly coveted – that’s a fact – and Grenada is the only one out of all of the Caribbean CBIs to have it. You won’t need to travel to Grenada for any part of the application. $158,000. The Grenada Citizenship by Investment program provides you with the opportunity to legally acquire a new nationality and Grenada economic citizenship promptly whilst enabling global mobility for you and your family. is $1,500 – payable once, regardless of how many people are applying. You must, however, make a ‘substantial’ investment. The boutique resort offers a relaxing getaway as well as rejuvenating activities, such as spa treatments, hiking, scuba diving and more. It is a unique program by a few counts, and it differs from the programs of its regional and global competitors. The timeline is comparable to many other CBI programs, although it’s not the fastest one out there. © 2020 Government of Grenada. Read on to find out. Pass it on. And in Grenada, that proportion stands at one-third. . . The Grenada citizenship by investment programme provides an opportunity to apply for a Grenada passport and a huge range of benefits including: Visa-free travel to more than 140 countries and territories. P.O.BOX 298, Grenada, W.I. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. Grenada Citizenship by Investment Program Grenada launched their citizenship by investment program in 2013 for the purpose of transforming its economy to be more prosperous. You can also be a dual citizen – there are no restrictions on that. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ However, it’s a great way to obtain more freedom and achieve one’s financial goals faster, among other advantages. Grenada has long been a tax haven. Make no mistake: you’re definitely paying a premium when you opt to obtain a citizenship by investment in Grenada. It’s the E-2 visa treaty with the United States. It also has a status as an offshore haven, where high-net-worth investors have not hesitated to invest. Unmarried siblings older than 18 years of age of the main applicant and the spouse can be added too. Grenada’s Citizenship by Investment Programme is a fantastic way to enjoy the beautiful island of Grenada, explore new paths for your business and expand your passport portfolio. All in all, a single person going the donation route will pay, , whereas a family of four (two young children) will shell out, Are you a solo investor? And finally, it’s had a stable government for the last 35+ years. All rights reserved. Grenadian citizenship is for life; you will have the right to live and work in the country for as long as you want. Second, even though it’s history is turbulent and colonial (the Spaniards, French, and British all vied for Grenada), it’s current international standing is solid. The CBI industry in general has been plagued by real estate developers who collect investor money and then stall the actual development, take a really long time to complete it, or never complete it at all. Efficiency in the Caribbean region isn’t something that’s that important. It can be renewed for as many times as you’d like, as long as you maintain your ‘substantial’ investment. If you ever wanted to hop on a plane and visit your home country, you can. “The E-2 investor visa that I was able to get with my Grenadian passport has been an amazing opportunity, giving me access to investment opportunities in the United States.”, “Initially, I was interested in an Antiguan passport, but after consulting the Nomad Capitalist team, it became obvious that Grenada was  much better for me and my life goals. Whereas you can potentially recoup the real estate investment, the donation is non-refundable, for example. Your email address will not be published. Pay all application, processing, and due diligence fees. Grenada sure isn’t the cheapest program out there, nor is it the one with the speediest access to a passport. That’s an incredible opportunity for those who’ve always wanted an ‘in’ – or for those looking to renounce their US citizenship who want a backdoor into the country. These changes have certainly gotten the foreign investors listening; Grenada’s CBI program is more popular than ever before. When you go the real estate route, the government fees are considerably higher than the donation route, which is something that you should factor in: After the five year holding period is up, you can sell your real estate and recoup your investment or, in fact, even make a profit. A second passport can provide greater freedom to travel internationally, peace of mind, as well as financial benefits. That’s either because it has no other way to raise funds or it finds itself under a sudden economic strain, for instance, after a recent natural disaster. It is part of the Commonwealth, the UN, and the Caricom – the Caribbean Community organization. You will not have to visit or live in Grenada for any period of time to obtain or retain your passport. Of communism took place in 1984 and was led by the United States, London, Frankfurt Miami. 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