Do you want to travel, see the world, or invest in some type of real estate? Did you know that Citizenship by Investment in Grenada was instituted in 2013 and provides an inexpensive way to dual citizenship and a second passport for almost anyone who wants it?
Several affluent individuals from various nations are interested in the program so they can gain Grenada citizenship and grant their families greater freedom of movement.
If accepted, you will obtain a certificate of naturalization and a passport valid for visa-free travel to over 153 countries.
Citizenship by Investment has helped Grenada attract large international investments, which has improved the economy, provided new jobs for citizens, and contributed to the funding of government-sponsored projects. Keep on reading to understand all there’s to it.
What Are Some Passport Benefits?
Every type of passport has some sort of benefit to it. For instance & in this case:
Passport holders are permitted to vote, purchase property, and reside permanently in the country.
Permits visa-free travel to over 140 countries and territories, including China, the Schengen area, and the United Kingdom.
If you are a mother you can provide citizenship to your children.
Dual citizenship is also permitted.
How Does the Investment Program Work & Look Like?
Applicants for the Grenada Citizenship by Investment Program must either make a substantial monetary contribution to the nation or acquire a government-approved qualified asset. The process is not that hard to do or follow, but it can be somewhat time-consuming.
Citizenship will be granted to the applicants and their families in exchange for a thorough screening and due diligence process, including background checks.
Look at the Benefits of This Citizenship
Visa-free or visa-upon-arrival access to loads of different nations, including China, Hong Kong, Singapore, the United Kingdom, and the Schengen Area of Europe. Sounds good?
It is the only program of its kind in the Caribbean, allowing participants to apply for a non-immigrant visa to the United States after living in Grenada for three consecutive years.
Also, this type of citizenship is transmissible to children and grandchildren.
The principal applicant and spouse are permitted to include their children, unmarried siblings under 30, parents, and grandparents.
What Are Some Important Requirements?
If you wish to undergo this process and you’re intrigued by dual citizenship, you should know that there are some rules for you to follow. For instance, the principal applicant for citizenship must be at least 18 years old, provide the necessary papers, and fall into one of two primary eligibility groups. Now, let’s talk about payments & fees that can vary.
The National Transformation Fund accepts numerous types of contributions.
For single candidates, a non-refundable NTF contribution of at least $150,000 is required.
A minimum of $220,000 must be invested in a government-approved real estate project.
You must commit a non-refundable minimum of $50,000 USD to this choice. You can get help with these parts and this type of money management from a company that is in the business, but more on that later down below.
Why Choose Grenada?
Not too sure if there’s something that you’re going to love about Grenada and all that it has to offer? Let’s break it down for you!
Investors can continue to use their current passports because Grenada permits dual citizenship.
The following are the primary advantages of the Grenadian Citizenship by Investment Program:
- Four months is an extremely quick turnaround period in which you can get everything sorted out
- Children under the age of 30 or disabled children who are fully dependent on the primary applicant for housing and financial support.
- The younger, dependent, non-parental siblings of the principal applicant or spouse are entitled to apply.
- Living in the same location is not required.
- Candidates are not required to travel to Grenada in order to submit documents, as everything can be done remotely
- Approximately 135 countries, including Europe’s Schengen zone, do not require a visa for admission.
Not only that it is a gorgeous location that you’re going to enjoy during holidays, but it also enables nationals of Grenada to relocate to the United States and operate a substantial business there. Also, income from any country in the world is exempt from taxation, so who wouldn’t love this?
What Is the Application Process Like?
The majority of applications are processed within three months, and applicants are not even required to visit the island.
The initial stage in the application procedure is choosing a global sales representative and going for someone who has answers to your questions.
Moreover, a local marketing representative is required.
The applicant must coordinate with the agents to finish the application, which entails a medical checkup and the presentation of supporting documents in English (translated where necessary).
Your agent in Grenada will submit the documents on your behalf and serve as your point of contact with the government.
Before issuing citizenship documents, officials will verify your personal information and request proof of your donation or investment.
How to Do This Process?
You can always talk or chat with a team of specialists to establish the optimal program and investment strategy for you and your family.
Your experienced advisor will offer you a quote that is relevant to your needs and includes everything that must be included.
Throughout the procedure, they will provide detailed instructions and advice. If you’re looking for help and you need a bit of guidance, here is all that you should know about the Grenada citizenship by investment program. As we know it now, the Grenada passport scheme was launched in 2013, one of the last in the Caribbean. Grenada is one of the most business-friendly tax havens to register international companies. Foreign profits are not taxed while capital can be exported. Get in touch with Imperial & Legal, and have them do the process for you! In no time, you will be obtaining your next passport.