Grenada is one of the finest possibilities for investors wishing to obtain an E-2 investor visa because it is a Caribbean nation with a treaty visa agreement with the United States.
A Grenadian citizenship program is fast and straightforward to complete. Applicants can receive their citizenship within 60 days after completing the process.
EB-5 Visa
Grenada citizenship by investment is a fast and low-cost way to secure a second citizenship. The program was introduced in 2013 and has multiplied to become a popular choice among high-net-worth families looking for a secure and reliable place to increase their family’s global mobility.
To apply for citizenship, you can choose one of two investment routes: a non-refundable donation to the National Transformation Fund (NTF) starting at $150,000 or real estate investing in a government-approved project from $220,000. Some additional requirements need to be met.
The principal applicant must be 18 or older and have sufficient funds to invest in Grenada. They must also have a legal source of funds for the investment and can’t suffer from a contagious disease or severe health issues.
You can include your spouse, children under 30, or dependent parents in your application. It is an excellent opportunity for your whole family to gain Grenadian citizenship and a second passport, allowing you to enjoy the benefits of more significant visa-free travel and access worldwide.
Families should consider the Grenada citizenship by investment program because it is a secure, trustworthy, and open program with a strong feeling of political stability. It offers a fast and cost-effective route to citizenship for NRIs, no taxation on worldwide income, and a high degree of privacy.
E-2 Visa
There are two ways to obtain Grenada citizenship by investment: through the E-2 visa and by investing in the National Transformation Fund (NTF). The NTF option is non-refundable and requires a minimum investment of $150,000 U.S.
This donation will go to the National Transformation Fund, a government fund created to develop the economy of Grenada and provide job opportunities for Grenadians. It is a fantastic approach to aiding the neighborhood economy and becoming a citizen.
The NTF option also includes benefits such as visa-free travel to 141 countries, including the E.U., the U.K., and China. Moreover, your spouse and children up to the age of 21 may be included in the application.
But it’s crucial to remember that the NTF program is more expensive than the real estate option. It is because it involves government processing, due diligence, and passport fees.
As part of the NTF application process, your local agent will guide you through the steps. They will help you compile the required documentation and submit it to the citizenship investment committee at the Grenada Embassy.
The Citizenship by investment committee reviews all the documents you submit and does the necessary due diligence. Once they are satisfied that your application is valid, you will be able to receive a Grenadian passport and permanent residency card.
Investment Requirements
EB5 Grenada citizenship by investment is the perfect solution for anyone looking to acquire a second passport. It is a popular option for high-net-worth individuals and those seeking to secure their independence in a crisis.
The program allows investors to obtain citizenship in exchange for donating at least $150,000 or investing in property from $220,000. It can be done by making a non-refundable contribution to the National Transformation Fund or purchasing shares in approved real estates developments such as high-end resorts and hotels.
A pristine Caribbean island, Grenada is renowned for its beautiful beaches and sublime climate. It is also a top sailing destination and a prime source of spice exports.
Its stable political system ensures that the government can keep its promises to foreign investors, which makes Grenada a safe choice. Investing in Grenada also offers several tax benefits. Investors can claim tax relief on their worldwide income and do not pay taxes on dividends or capital gains.
Taxes
The Grenada citizenship-by-investment program is one of the world’s most well-known citizenship-by-investment programs. The program enables applicants to earn second citizenship for themselves and their families in exchange for a non-refundable donation to the National Transformation Fund or an investment in a real estate project that has received official approval.
Those who choose to contribute to the NTF will be required to make a non-refundable donation of $150,000 for an individual applicant and $200,000 for a family of four applicants. This donation will help redevelop the country’s infrastructure and economy and improve social well-being.
Investors can also invest in approved government-approved real estate projects, which include luxury resorts and hotels. Before the investor’s citizenship is granted, they can buy a share in these developments and hold it for at least five years.
To apply for Grenadian citizenship, investors must first undergo due diligence by a licensed agent. It includes submitting documents to the Grenada CBI department and paying state fees.
After being assessed by the government, the investor may transfer their investment to a government bank account. The acquisition is final, and the applicant receives their Grenada citizenship.
The Grenada citizenship by investment scheme is a highly desirable option for individuals seeking a long-term and secure path to citizenship. It offers unique benefits, including visa-free travel to 146 countries and an E-2 treaty with the United States.
