The Citizenship by Investment Program came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.”
Applicants may only make two types of investments to obtain citizenship or permanent residence:
1. They must make “a payment into the National Transformation Fund;” or
2. They must make “a payment towards an approved project in Grenada”
Eligibility:
Main applicant must be above 18 years of age
Provide source of funds
Clean criminal record
No health issue
Legal spouse & dependent children upto 30 years of age.
Dependent parents above 65 years of age.
Dependent siblings
Investment Requirements (Non-refundable):
1. National Transformation Fund (Non refundable contribution)
Single applicant : USD 150,000
MA + Spouse + 2 children : USD 200,000 (up to family of 4)
Additional dependant : USD 25,000 each dependant
2. Real Estate (Government approved projects)
Investment in Real Estate : USD 220,000
Government fees: MA + Spouse + 2 children : USD 50,000 (up to family of 4)
Additional dependant : USD 25,000 each dependant
Please note, Due diligence fee, application fee, processing fee, legal fee, government fee, Guardian professional fee, etc is applicable.
Citizenship Process- 3-5 months
⦁ Signup engagement agreement with Guardian.
⦁ Guardian operation team will conduct initial assessments on client’s profile.
⦁ Guardian professional team will assist & advise you the collection of the documents according to the Government checklist.
⦁ File preparation & submission for citizenship application.
⦁ Upon receiving “Letter of Approval in principle” from citizenship unit, applicant will make full investment & other associated government fees.
⦁ Receives approval from Citizenship commission.
⦁ Received Certificate of Naturalization.
⦁ Submission of passport application.
⦁ Receiving of passport.
Advantages of the Grenada Citizenship Program included:
- ⦁ Visa-free or visa-on-arrival access to over 140 countries, including China, Hong Kong, Singapore, the UK, and Schengen Area.
- ⦁ The only Caribbean citizenship-by-investment program that has visa-free access to China.
- ⦁ Avail subsidized education in St. George’s University of Grenada ( leading university & highly rank for medicine)
- ⦁ Grenada holds an E-2 Investor Visa Treaty with the USA, allowing citizens to be eligible to apply for a non-immigrant visa.
- ⦁ Citizenship transferable to new spouses and future generations.
- ⦁ Dual citizenship allowed.
- ⦁ No residency requirements to maintain Grenada passport.
- ⦁ No tax on worldwide income.
Application of US E2 Visa with Grenadian Passport
⦁ What is E2 Visa?
Ans: It allows a national of a treaty country (for example, Grenada) to live & to do business in the United States in exchange of investing a substantial amount of capital in the US business.
It allows spouse to work in US, & children can avail benefits like education in-state college tuition rates,, healthcare, etc.
⦁ Grenada is the only Caribbean country with a CBI program who holds an E-2 Investor Visa Treaty with the USA, allowing citizens to be eligible to apply for a non-immigrant visa.
Investment must be in an enterprise that the investor is able to ‘develop and direct’, and is at least 50% owned by the investor.
Benefits of E2 Visa
⦁ No quotas, no waiting period. The whole process generally takes only few week.
⦁ The minimum investment amount is not specified. Recommended Investment should be at least USD 200,000.
⦁ Investor’s spouse and dependent children under 21 years old may be included.
⦁ E-2 can have the potential to be converted to EB-5 over the course of time
⦁ No tax on Worldwide income.
