A Decade of Transformative Impact
In 2013, Grenada ushered in a new era of possibilities with the enactment of the Citizenship by Investment Act, No. 15. Over the past nine years, the Grenada Citizenship by Investment Unit has facilitated the acquisition of permanent residence and citizenship through strategic investments in the nation, fostering economic growth, job opportunities, and environmental sustainability.
Grenada's CBI Program in 2023: Setting Records and Embracing Diversity
Grenada's Citizenship by Investment (CBI) program reached a significant milestone in the previous year, becoming the third Caribbean nation to receive over 1000 applicants in a single calendar year. This accomplishment, previously achieved only by Dominica and St Kitts & Nevis, underscores the program's attractiveness.
In 2023, Grenada's CBI program stands out as the sole Caribbean Citizenship Program accepting Russian nationals, demonstrating its global appeal. The increased demand has led to a backlog of applications, but the Grenada CBI Unit's enhanced efficiency ensures continuous acceptance and processing of new applications.
Investment Avenues: Tailoring Citizenship to Your Goals
Dominica's CBI program embraces family values, allowing applicants to include beloved spouses, children, and parents in their citizenship applications. It's an opportunity to forge a united path towards a brighter future.
1. Grenada Citizenship By Donation
National Transformation Fund (NTF)
The NTF, a government-established fund, channels contributions into projects benefiting Grenada's economy, including schools, hospitals, marinas, and more. Donors are eligible for Citizenship by Investment with non-refundable contributions:
- Single Applicant: $150,000 USD
- Main Applicant + Spouse: $200,000 USD
- Additional Dependent: $25,000 USD
- Family of 4 (including spouse): $200,000 USD
- Each qualifying dependent beyond a family of four: $25,000 USD
2. Grenada Citizenship By Investment Real Estate
Investors can opt for government-approved real estate projects, including hotels, villas, and resorts. With a minimum investment of USD 220,000, the real estate must be held for a minimum of five (5) years.
Associated Taxes and Costs
Upon initiation, investors pay a deposit, with the full investment required only upon approval. The Grenada Citizenship by Investment Unit meticulously evaluates applications, with the authority to grant, deny, or delay for cause.
Lincoln Global Partners collaborates with developers in Grenada, offering a curated portfolio of eligible citizenship-by-investment properties.
The Benefits of Grenadian Citizenship
1. Effortless Process: No Physical Presence Required
Grenada's CBI program boasts minimal processing times and straightforward requirements, with the entire process achievable without setting foot in the country. Applicants navigate the process through an agent, culminating in pledging allegiance at an embassy or High Commission abroad.
2. Full Residency Rights in CARICOM
Naturalized citizens gain the right to live, work, and study in Grenada. Additionally, enjoy a 90% reduction in tuition fees at the prestigious St. George's University. As a CARICOM member, citizens can legally reside in any other CARICOM nation.
3. Enhanced Global Mobility
Grenadian citizens experience visa-free travel to 147 countries, including Commonwealth countries, the U.K., the European Union, Singapore, Hong Kong, and China. Long-stay visas in the USA and Canada are also accessible.
4. Taxation and Business Incentives
Grenada offers a tax haven with no taxes on capital gains, gifts, inheritances, or foreign income. Business incentives, duty exemptions, and export allowances contribute to a favorable investment climate.
5. The Perfect Haven
Choosing to live in Grenada unveils a life of tranquility, productivity, and sunshine. The efficiency of Grenada's citizenship by investment program reflects the island's harmonious lifestyle.
6. Citizenship for Future Generations
Grenada uniquely allows citizenship to be passed down to the third generation and beyond, securing a lasting Grenadian legacy for investors' families.
Grenada's Pathway to US Residency: The E2 Visa
Grenada's E2 Visa agreement with the U.S. sets it apart, offering Grenadian citizens the opportunity to apply for the U.S. E2 visa. This exclusive advantage enhances Grenada's appeal as an investment destination.
What is the US E2 Visa?
The U.S. E-2 investor visa program allows Grenadian citizens to reside and work in the U.S. by making a substantial investment in an active business. The E-2 Visa benefits investors with quick processing, the ability for family members to join, and freedom of entry and exit.
Grenada Citizenship E2 Visa Pathway - How does it work?
Eligible investors must direct their investment in an active U.S. business, own at least a 50% stake, and ensure the business is profitable. This pathway provides a unique avenue for Grenadians to enter the U.S. for business opportunities.
E2 Visa Benefits
- Quick processing (2-3 weeks)
- Family members can join
- Unlimited entry and exit
- No global income tax liability (if staying in the U.S. for less than 120 days annually)
- Spouses can work in the U.S.
- Free public schooling for dependent children
E2 Visa Requirements
Applicants need sufficient funds, a business plan, and the capacity to create at least five jobs in the U.S. The E2 Visa agreement further enhances Grenada's appeal as a gateway to diverse opportunities.
Cost Breakdown of Grenada Citizenship By Investment
Grenada Citizenship By Investment Program Fees
The cost varies based on the investment route, family size, and single applicant. Two pathways are offered: contribution to the National Transformation Fund or real estate investment.
Grenada Citizenship By Investment Requirements
Applicants must meet straightforward requirements:
- 18 years or older
- Good health
- Adequate funds from a legal source
- Clean criminal background
- No falsification of information on the application
- No prior visa rejection from countries with visa-free access to Grenada
Embark on a transformative journey with Grenada's Citizenship by Investment program, where opportunities unfold, legacies are secured, and the world becomes your oyster. Connect with Lincoln Global Partners to embark on your Grenadian citizenship journey today!
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