Grenada second citizenship by investment programs

Grenada citizenship by investment

Grenada second citizenship by investment programs

Overview : Grenada

Grenada is located on the North American continent in the southern part of the Caribbean Sea. It consists of the island of Grenada and 6 small islands at the southern end of the Grenadines in the southeastern Caribbean Sea.

It has full membership and participation in the Caribbean Communities, the Organization of Eastern Caribbean States and the United Nations.

The capital of Grenada, St. George’s, has an English-speaking population. It is characterized by the beauty of its mountains, with stunning natural scenery that combines waterfalls, rivers, and quiet meanders, extending with a silky strip of white sandy beaches. The most important tourist attractions are the Zen Museum and Grenada Gardens Bay

Capital :   St. George’s
Currency : East Caribbean dollar
Language : English Official language
Airport : Maurice Bishop International
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By answering the following questions, our specialized consultants will be able to determine the most appropriate programs for you and communicate with you as soon as possible.

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Minimum Investment

$ 235,000

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Visa free countries

147 countries

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Global passport Rank

31

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Required Residency

No residency

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Taxation

No taxes on foreign income or inheritance tax

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Processing time

12 – 15 months

Who can apply Grenada citizenship

Anyone over 18 years of age is eligible to apply if they can invest the minimum amount required by the Grenada Citizenship by Investment Program, as specified by the government.

Comprehensive guide to Grenada second citizenship by investment programs

Grenada’s Citizenship by Investment Program was launched in 2013, aimed at fostering economic development by inviting foreign investors to contribute to the nation’s growth. This initiative not only offers individuals and their families a pathway to secure citizenship but also enhances global mobility, allowing access to a wide range of opportunities.

Family-citizenship

Who is eligible for Grenada ? Can I include my entire family in the application ?

National Transformation Fund

The non-refundable investment starts at $235,000. For couples and families of up to four members, the amount also $235,000, with additional costs based on dependents’ ages click here for the full fees structure

Program Benefits

No Residency Requirements: No need to reside in Grenada before, during, or after the citizenship process.

Dual Citizenship: Grenada allows for dual citizenship, letting you maintain your current nationality.

Tax Benefits: No wealth, inheritance, foreign income, or capital gains taxes.

Affordable Investment: The National Transformation Fund requires a lower investment compared to other Caribbean programs.

Lifetime Citizenship: Citizenship is granted for life and can be passed on to future generations.

Global Mobility: Enjoy hassle-free travel with visa-free or visa-on-arrival access to more than 140 countries, including popular destinations like the UK, Schengen Zone, Hong Kong, and Singapore.

Full fee structures for dependents and additional fees.

The non-refundable fee of $235,000 applies solely to the main applicant / investor.
Investors applying together with their spouse or partner will have a non-refundable fee of $235,000.
For families of four, the non-refundable investment amount is $235,000.
Additional dependents, regardless of age, require a non-refundable investment of $25,000 each.
The due diligence fee for the main applicant or investor is $5,000.
The spouse of the investor or main applicant incurs a fee of $5,000.
There are no due diligence fees for individuals aged 0 to 16 years.
The fee for individuals aged 17 and above is $4,000.
The fee for parents and grandparents is also $4,000.
The government processing fees for main applicant / investor is $1,500
The government processing fees for spouse is $1,500
The government processing fees for the age of 0 – 17 is $500
The government processing fees for the age of 18 and above is $1,500
The application form fees for each applicant is $1,500 regardless of age.
The passport fee for applicants aged 0 to 17 years is $250 each.
The passport fee for applicants aged 18 years and above is $350 each
The interview fee for the investor and spouse, children aged 17 years and above is $1,000 each.
The citizenship fee for each application is $150
The oath of allegiance is $20 each applicants in the application

Real estate option

A minimum share in unit of $270,000 is necessary for investors looking to purchase real estate within a government-sanctioned project, and properties must be held for at least five years. This option not only secures citizenship but also provides a potential return on investment through rental income or future resale opportunities. These include luxurious resorts, high-end residential developments, hotels, and other tourism or commercial projects.  click here for the full fees structure

Ownership conditions

Investments must be made in designated real estate projects that have received official approval to ensure quality and compliance with program standards.

Investors may have the option to lease their property, generating rental income while holding the investment, subject to project-specific regulations and agreements.

Property investments under the program may come with favorable tax conditions, including no capital gains tax on resale after the holding period, enhancing the financial attractiveness of the investment.

Investors must ensure the property is well-maintained throughout the holding period, safeguarding its condition and value for the duration of ownership. After five years, the investor can sell the property to others; however, the new buyer must be eligible for the second citizenship program.

Program benefits

Citizenship by Investment: By investing in approved real estate, investors can obtain Grenadian citizenship, granting access to numerous global benefits.

Visa-Free Travel: Grenada passport holders enjoy visa-free or visa-on-arrival access to over 140 countries, including the UK, Schengen Area, and China.

Tax Benefits: Grenada offers attractive tax incentives, including no inheritance tax and low corporate tax rates, making it a favorable environment for business and investment.

Potential for Returns: Real estate investments in Grenada can generate rental income and appreciation, providing potential financial returns.

High Potential for Returns: The approved real estate options, such as luxury hotels, resorts, and high-end properties, are often located in prime locations, providing opportunities for rental income and capital appreciation.

Family Inclusion: The real estate investment can cover your spouse, children, parents, making it a cost-effective option for families looking to obtain second citizenship.

Full fee structures for dependents and additional fees.

The minimum investment for real estate share units is $235,000.
The due diligence fee for the main applicant or investor is $5,000.
The spouse of the investor or main applicant incurs a fee of $5,000.
There are no due diligence fees for individuals aged 0 to 16 years.
The fee for individuals aged 17 and above is $4,000.
The fee for parents and grandparents is also $4,000.
The government processing fees for main applicant / investor is $1,500
The government processing fees for spouse is $1,500
The government processing fees for the age of 0 – 17 is $500
The government processing fees for the age of 18 and above is $1,500
The application form fees for each applicant is $1,500 regardless of age.
The passport fee for applicants aged 0 to 17 years is $250 each.
The passport fee for applicants aged 18 years and above is $350 each
The interview fee for the investor and spouse, children aged 17 years and above is $1,000 each.
The citizenship fee for each application is $150
Single Applicant: $50,000
Couple: $50,000
Family of Four: $50,000
Additional Dependents (Children): $25,000 each
Additional parents / grand parents (55 and Above): $50,000 each
Additional parents / grand parents (below 55) : $50,000 each
The oath of allegiance is $20 each applicants in the application

Restricted Countries for Grenada second citizenship by investment programs

Countries restricted from Grenada’s Citizenship by Investment Program include Iran, North Korea, Russia, Belarus, Sudan, and Afghanistan. However, applicants from Iran, Sudan, and Afghanistan may apply if they have resided outside of these countries and meet all other eligibility criteria.

Frequently asking questions

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North Immigration: Your Gateway to Grenada Citizenship
North Immigration is a trusted authorized agent specializing in assisting individuals to secure Grenada citizenship and passport through its investment program. With a proven track record of successfully guiding thousands of clients through the process, North Immigration offers a streamlined and efficient path to obtaining Grenadian citizenship.

How North Immigration Can Help You: North Immigration provides expert advice and support throughout the entire application process, ensuring that all requirements are met and deadlines are adhered to.

Personalized Service: Each client receives individualized attention, tailored to their specific needs and circumstances.

Efficient Processing: North Immigration leverages its extensive experience and network to expedite the citizenship application process.

Choosing North Immigration: When selecting an agent to assist you with your Grenada citizenship application, it is crucial to choose a reputable and experienced firm. North Immigration has established itself as a leader in the field, providing exceptional service and a high success rate.

Contact North Immigration Today… To learn more about how North Immigration can help you achieve your goals of obtaining Grenada second citizenship by investment programs and passport, please contact us today.

APPLY NOW

By answering the following questions, our specialized consultants will be able to determine the most appropriate programs for you and communicate with you as soon as possible.

This field is required.
This field is required.
Nationality
This field is required.
Current age
This field is required.
Education Level
This field is required.
Work
This field is required.
Financial Ability
This field is required.
This field is required.
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