GRENADA
CITIZENSHIP BY INVESTMENT

GRENADA: CITIZENSHIP ADVANTAGES

1. 1. Grenadian Citizenship expands mobility by offering visa free to more than 144 countries, such as Italy, Monaco, Malta, Sweden, Norway and all the other European Union member states. The same situation applies to many countries of South America, including Brazil, Peru, Argentina as well as many other countries like Ireland, England, China, Hong Kong, Singapour, Indonesia and a lot more.
   2. There is no language, residency or travel requirements to qualify for citizenship in Grenada.
   3. Citizenship and passport of Grenada may facilitate to request a visa for Canada, New Zealand, Australia and the United-States.
   4. The average timeline process takes under 6 months in order to pass due diligence checks as well as citizenship granting. It is a relatively short delay considering most countries typically require to live in the country for several years before being granted citizenship. Therefore, you can be sure that the proceeding won’t require a huge time commitment.
   5. Living in Granada means having access to a true exotic paradise. The luxuriant vegetation, the vast beaches, the tropical climate, the unique culture with French, British and Creole influences and the various and delicious food will make your stay more than pleasant. The island is recognized for being very hospitable, safe and affordable. 
   6. One of the best parts of living in Grenada as an investor is that there is no foreign income, wealth, gift, inheritance, or capital gains tax. The restriction on the repatriation of profits and imported capital are also inexistant. Moreover, trading in the Caribbean is duty-free. On top of that, there are many incentive packages such as corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance. 

GRENADA: MAIN REQUIREMENTS

Candidates who would like to qualify for Grenada citizenship by investment Programme must be of outstanding character, have no criminal record and be in good health. The process of Due Diligence checks that is processed by a local agency must be successfully completed. There are additional fees for due diligence checks that are of 5,000 USD for each member of the application over the age of 16 years old. There will also be fees of 1,500 USD as processing fees per person. Furthermore, the candidate must select one of the two investment options below:

Option A. Contribute $150,000 USD (for a single applicant) to the Grenada National Transformation Fund. An additional amount of $ 50,000 USD is to be added for a spouse and/or for a family with up to 2 children. Subsequently, each additional dependent adds 25,000 USD to the contribution total amount;
OR;
Option B. Real estate investment of at least $ 350,000 USD in an approved project in Grenada. The property may be resold 5 years after Grenadian citizenship is granted. The government fees under real estate option are 50,000 USD for a single applicant or for a family with up to 3 dependents. Starting to the 4th additional dependent, the fee is if $ 25,000 USD for each applicant.

* Additional fees may apply such as: bank charges and transfer fees, translation, legalization of documents…

GRENADA: PROCESS

1. 1. We assist you on the preparation of all documents required for the citizenship application, translation of documents into English, legalization of documents by a local notary and completion of all the forms;
   2. We submit on your behalf the citizenship application to Grenada Citizenship by Investment government authorities. You will be asked to cover Due Diligence, Governmental and processing fees;
   3. Due Diligence verification process;
   4. Upon a successful Due Diligence verification, you will be asked to finalise the real estate investment and/or make a contribution to the National Transformation Fund;
   5. Processing time of citizenship application takes up to 60 days;
   6. You will receive a certificate of registration and be invited to take Oath of Allegiance which may take place in Grenada or in an Embassy, at a High Commission, or Consular Office of Grenada abroad;
   7. Grenada passport is issued and valid for 5 years.

GRENADA: SUPPORTING DOCUMENTS

Our team will assist you in assembling the required documents based on your situation. In the case that your documents are in a foreign language, we will also assist you in the translation into english. We will also be guiding you with regards to the legalization and authentication of the documents according to Grenada Citizenship By Investment Unit guidelines. Below is a generic list of documents:

1. 1. Passport;
   2. Birth certificate;
   3. Marriage certificate (if applicable);
   4. National identity card; 
   5. Police certificate of good conduct; 
   6. Obtained diploma(s);
   7. Military booklet of Records (if applicable);
   8. Documents justifying the source of wealth. This may include business documents and of registration, work certificates, property deeds, inheritance certificate, etc.; 
   9. Tax assessment; 
   10. Reference letters;
   11. Bank certificate and bank statements covering 12 months preceding the citizenship application. 

* Additional supporting document may be required based on your profile.