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Investment options for obtaining citizenship of Grenada and Prices

The Grenada citizenship cost depends on which investment option you choose to pursue, as there are two investment options, either the NTF or estate. The two options have differing investment amounts so let’s take a look at the investment opportunities available for obtaining the citizenship of Grenada.

• National Transformation Fund (NTF)
• Real Estate

Benefits of Grenadian citizenship

Getting dual nationality is full-packed with life-altering benefits, the Grenada citizenship benefits, however, are more due to the nature of its citizenship by investment program and the ease of getting the Grenada passport. While the term benefits can be objective to meet any given person’s needs, there are some major benefits that everyone agrees on; the main of which are:

• Enhanced global mobility – The Grenada second passport grants its holder visa-free access to 144 destinations worldwide including the Schengen Area, Russia, UK, and China; it is ranked as the 33rd most powerful passport in the world.
• Favorable tax scheme – Grenada citizens enjoy a lax tax regime. Those who get Grenada investment citizenship are not subject to worldwide income tax, inheritance tax, or net wealth tax.
• Simple, and quick, process – The Grenada passport requirements are quite simple and straightforward, and there is no need for immigration to Grenada or Grenada residency prior to applying. An investor and their families can get citizenship by investment in Grenada in approximately three months. Everything is made very simple.
• Adding family members – The Grenada citizenship by investment program allows investors to add family members such as their spouse, dependent children below the age of 30, dependent parents & grandparents, and dependent unmarried siblings above 18 years of age.
• Access to the United States of America – Grenada citizens are eligible under a treaty with the US to obtain a USA E2 visa. Only a handful of countries around the globe are eligible to apply for an E2 under the E2 treaty.

How to obtain a passport of Grenada

Grenada started offering its citizenship to investors 7 years ago. Since then, the terms of the program have changed more than once.

However, it only positively affects the program’s popularity. Moreover, Grenada entered the top three in the CBI Index annual rating of investment programs in 2019.

At the same time, if you do not have time to see into the intricacies and nuances of obtaining citizenship, then it is better to consult with specialists. The investment immigration agency will help you collect, notarize, apostille, and send them for consideration.

Citizens of which countries cannot get a passport or can but with restrictions

Many citizenship by investment programs have lists of ineligible nationalities. Grenada, on the other hand, does not restrict any nationalities or citizens of certain territories from applying to its CIP. Politically exposed people can also apply to the program but additional documentation is required.

The journey to obtaining Grenada citizenship and becoming a global citizen is very simple, all you need to do is contact us today.

Step-by-Step Application Process

Let’s take a look at the process of applying for a Grenada passport and citizenship under the Grenada CIP.

First of all, the timeframe for Grenada citizenship by investment program is relatively short and most investors and their family members obtain citizenship within 3-6 months of filing their application. As for the steps themselves they are quite simple and streamlined, making the Grenada citizenship application one of the easiest in the world.

The steps of the Grenada passport application are:

• Finding and choosing an authorized international marketing agent such as Migronis. Once you sign with an international marketing agent they will be responsible for preparing your file and submitting it on your behalf.
• Choosing an investment option, the international marketing agent you have chosen can help you choose the investment option that works best for you. In the case of real estate, the international marketing agent can show you approved real estate projects and advise you on which one can provide you with the best return on your investment.
• Gather documents and submit the application. Once you have chosen your investment amount you, along with the international marketing agent, begin compiling your application. Once you have gathered all the documentation the international marketing agent compiles them into a file and helps you fill out all the required forms; after which they submit the application on your behalf.
• Due diligence. Once the file is submitted to the office of the Grenada Citizenship by Investment Committee the due diligence process will begin. This is the longest stage of the Grenada passport application process and may take up to several weeks. Your international marketing agent will have the responsibility of liaisoning with the Grenada government in order to follow up on the file.
• Receive approval and transfer investment amount. Once the approval, which is a matter that the Grenada government has its rights reserved in deciding, is granted by the Grenadian Citizenship by Investment Committee the applicant transfers the investment amount and receives the Grenada passport and the Grenada citizenship.

Simple, elegant, and quick. Getting a Commonwealth second passport has never been

Procedure, terms and cost of passport replacement

The renewal procedure takes about a week. A passport form, the original passport, and a copy of the certificate of naturalization should be submitted and the passport fee is to be paid.

General information about the country

• GDP 2017 - $ 1,12 billion (increased by 5.59% if compared to $ 1,06 billion in 2016);
• Population - 108,208 (as of 2018);
• The capital is St. George's;
• Sectors of the economy - offshore business, tourism, agriculture;
• Doing Business 2020 ranking - ranked 146 out of 190, according to the ease of doing business.

Grenada is also:

- Member of the British Commonwealth of Nations;

- Member of the Organization of Eastern Caribbean States OECS;

- Member of the Organization of American States;

- Member of the Caribbean Community CARICOM since May 1, 1974.