There are family offers foreseen in the country according to which the spouses and underage children of the main applicant are offered citizenship on preferential terms.

Citizenship by investment

For a family of 4 persons with two children under 17 years old

INVESTOR

SPOUSE OF THE MAIN APPLICANT:

ADDITIONAL FEE

FOR EACH DEPENDENT

The amount of contribution to the National Transformation Fund (NTF)

USD 200,000

IDENTITY VERIFICATION

USD 5,000

USD 5,000

APPLICATION FEE

USD 1,500

USD 1,500

USD 1,500

FEE FOR PROCESSING AN APPLICATION FOR CITIZENSHIP

USD 1,500

USD 1,500

USD 500

PASSPORT FEE

USD 200

USD 200

USD 200

CONTRIBUTION WHEN TAKING THE OATH

USD 18,6

USD 18,6

USD 18,6

 

Real estate investments

For a family of 4 persons with two children under 17 years old

INVESTOR ONLY:

SPOUSE OF THE MAIN APPLICANT:

ADDITIONAL FEE

FOR EACH DEPENDENT

REAL ESTATE INVESTMENT

USD 220,000

STATE FEE FOR A FAMILY OF 4 PERSONS

USD 50,000

IDENTITY VERIFICATION

USD 5,000

USD 5,000

FAMILY APPLICATION FEE (USD 1,500 per person)

USD 1,500

USD 1,500

USD 1,500

FEE FOR PROCESSING AN APPLICATION FOR CITIZENSHIP

USD 1,500

USD 1,500

(CHILDREN UNDER 12 YEARS OLD)
USD 500 per person

CONTRIBUTION WHEN TAKING THE OATH

USD 18,6

USD 18,6

USD 18,6

VAT WHEN OPENING AN ESCROW ACCOUNT

USD 1,950

 

Advantages of Grenada as a jurisdiction:

  • dual citizenship is allowed in this jurisdiction – there is no need to refuse from the first one to get passport in Grenada;
  • the procedure for obtaining citizenship is associated with following the minimum requirements – there is no need to confirm knowledge of the language, education, experience, qualifications as well as stay in the jurisdiction for a fixed period of time;
  • to obtain a passport according to special programs, there is no need to come to the island ‒ verifications and approvals are provided remotely;
  • comparatively inexpensive procedure for obtaining;
  • confidentiality of the document submission and review process;
  • the passport of the state opens unobstructed access (visa is not required) to 115+ states, including European ones;
  • there are no taxes on wealth/income and inheritance here – the jurisdiction creates comfortable conditions for involvement of foreign investments;
  • the country is a member of the Commonwealth – that automatically adds to the advantages provided in the jurisdiction, those advantages existing in the Commonwealth.

Program conditions

To obtain Grenada citizenship by investment for yourself and your family, it is necessary to choose the suitable option:

  1. Make a non-refundable contribution to the National Transformation Fund of Grenada in the amount of at least USD 200,000. For a family of more than 4 persons, it is necessary to deposit additional USD 25,000 for each additional family member. For the avoidance of doubts, the amount of the contribution is not a loan by its nature and shall not be refunded in the future under any circumstances. The amount is sent to the fund irrevocably.
  2. Investing in real estate – the minimum amount that shall be deposited is USD 350,000.

To obtain dual citizenship in Grenada, you must also pay a procedural fee (USD 1,500) registration fee (USD 1,500), due diligence (USD 5,000).

The procedure comprises the following stages:

  1. Collection of information as well as documents. The duration of the document collection stage depends solely on the speed of information and documents collection by the applicant as well as their transfer to an authorized agent. Among others, it is required to collect the following information:
    • full name of the applicant as well as his/her family members;
    • information about citizenship(s), including passport details;
    • data on the place of birth and marital status;
    • information on education and employment;
    • knowledge of languages;
    • information about the place of residence;
    • contact details.

    It is also necessary to provide a declaration with answers to the foreseen questions, for instance, whether the applicant has been arrested.

  2. The submission of an application for citizenship in accordance with the chosen option for investment.
  3. Issuance of passports in case of the successful procedure completion.

General requirements for an applicant for Grenada citizenship:

  • age – from 18 years;
  • no criminal record;
  • availability of confirmation of the legal origin of funds;
  • passing verifications (due diligence);
  • good health.

From passing the formalities and before obtaining passports, 2-4 months shall pass.

Investments in the resort area ‒ easy and quick passport receiving

Grenada’s construction and tourism industries are rapidly expanding. Attractive and promising resorts, such as Mount Cinnamon Resort, are managed by international hotel companies, are being built quickly, and offer opportunities to profit from tourism development. Furthermore, the applicants will be qualified for local authority if they invest in a boutique hotel or part of a complex.

Having paid USD 220,000 (including government fees), the applicant and his/her family receive passports of Grenada. During construction, the dividends shall not be provided. But, from the moment of commencement of activity, they will be accrued based on the operating profits of the facilities. To obtain a passport, you must also pay a government fee (USD 50,000), a procedural fee (USD 5,000), a registration fee (USD 1,500), due diligence (USD 5,000). Among the advantages of investing funds should be stated:

  • the opportunity to resell the property four years after the acquisition without negative consequences for to the status;
  • for the first three years after the completion of construction, the owner shall be exempted from having to pay tax from the object;
  • state duties shall be included in the total amount.

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