Benefits and Requirements of Grenada Citizenship by Investment

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Secure Your Future with Grenada Citizenship
With a little help from the experts at Bluemina, you can Secure Your Future with Grenada Citizenship. Given the current state of uncertainty around the world, more and more people are keeping their options open by obtaining a second citizenship in the pristine beauty of the Commonwealth Caribbean Islands.

We’ve compiled a few points to consider before you apply for your Grenada passport.

Benefits of Grenada Citizenship
More than just natural beauty, Grenada is a highly stable member of the Commonwealth of Nations, the Caribbean Community (CARICOM), and the Organisation of Eastern Caribbean States (OECS).

Reinforced by its membership in the United Nations (UN) and the Commonwealth of Nations, the Grenada Government offers its citizens social and political security. Grenada is culturally vibrant, lively, and extremely friendly community with a long history, which they celebrate throughout the year. Boasting wildlife attractions, marine life, and national parks, this amazing country offers applicants the perfect setting for both adventure and relaxation.

The Grenada Citizenship by Investment offers many benefits to both individuals and families around the world.

Visa Free Travel – Grenada passports grant you and your family access to visa-free travel to over 120 countries including all of the Commonwealth Caribbean Islands, the UK and Schengen countries.

Tax Advantages – Grenada passport holders can take advantage of the countries amazing tax code, offshore bank accounts, investments, and companies which provide unique opportunities for business and tax planning.

Secure – Grenada citizenship grants you the security of knowing that you have access to a peaceful and politically stable country.

Flexible – Grenada recognizes dual citizenship. Applicants are not required to renounce their current citizenship.

No residential requirements – Applicants are not required to visit Grenada at any time during their application process or after becoming a citizen.

Entrepreneurial opportunities – The E-2 visa program allows investors to establish their business and live in the U.S.

Qualifications of the Grenada Citizen by Investment
To obtain Grenada citizenship, applicants must meet the following requirements.

  • The main applicant must be at least 18 years of age.
  • All applicants and dependents must not hold a criminal record. Additionally, they must all pass a due diligence examination.
  • The main applicant is required to make the appropriate investment in real estate, and is required to hold that investment for at least four years.
  • Children and dependents under 18 can apply for citizenship under the main applicant.
  • Dependents 18 – 26 can apply for citizenship under the main applicant provided they are fully dependent on the main applicant and studying full-time for a higher education.
  • Dependent parents ages 65 and older can apply for citizenship under the main applicant.

Grenada Investment Requirements
The Grenada Investor Program requires applicants to meet all of the required financial investments, to include one of the following:

A nonrefundable contribution to National Transformation Fund (NTF):
The applicant makes a one-time contribution of US $200,000 for a family of four. Plus, an additional one-time deposit of US $25,000 for each additional dependent.

Due diligence and background check fees:

  • USD 5,000 for the main applicant
  • USD 5,000 for each dependent over the age of 17
  • Dependents under the age of 17 are not charged

Processing and application fees:

  • USD 1,500 processing fee for each applicant ages 18 and older
  • USD 500 processing fee for each applicant under 18 years
  • USD 1,500 application fee for each applicant

Real estate investment:
Applicants can purchase government-approved real estate in Grenada with a value of at least USD 350,000. They must maintain their investment for at least four years, and pay the following government, due diligence, and processing fees:

Government fees:

  • USD 50,000 for the main applicant and a family of four
  • USD 25,000 for each additional qualifying dependent

*Dependents include parents or grandparents over 65 and any dependent between the ages of 18 and 25 if they are studying full time for higher education.

Due diligence and background check fees:

  • USD 5,000 for the main applicant
  • USD 5,000 for each additional qualifying dependent aged between 17-25 years and older
  • Dependents under the age of 17 are not charged

Processing and application fees:

  • USD 1,500 processing fee for the main applicant
  • USD 1,500 processing fee for each additional qualifying dependent aged 18 years and older
  • USD 500 processing fee for each additional qualifying dependent under the age of 18
  • USD 1,500 application fee for each applicant

At Bluemina, we specialize in helping our clients obtain second citizenship to secure their future. In as little as four months, we can help you obtain your Grenada passport.

Contact a member of our team to find out more about applying for your Grenada passport. We look forward to helping you on your path to becoming a global citizen!

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Nadine Daoud

Written by Nadine Daoud

Being a Partner and Head of Business Development at Bluemina C&I, it’s always interesting to see where market trends lead us and how they continuously change the business. Follow my blogs to learn more interesting trends in citizenship and residency.

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