Grenada
Citizenship by Investment
The best higher educational option in medical field in the Caribbean
- Minimum Investment: US$ 235,000
- Citizenship in 3-9 Months
The three islands of Grenada, Carriacou and Petite Martinique are located in the eastern Caribbean, south of the Windward Islands chain. Neighboring islands St. Vincent and the Grenadines lie to the north, while Trinidad and Tobago lie to the South. Grenada, with its unspoiled landscapes, has the perfect balance of adventure, idyllic beaches and romance. On this picturesque and petite island, you can go for a swim in the crystal-clear waters off Grand Anse Beach in the morning and easily trek through ancient rainforests en route to the dramatic Seven Sisters Waterfalls in the afternoon.
This English-speaking nation has some of the friendliest people in the Caribbean, making it very easy for visitors to encounter all aspects of Grenada’s vibrant culture and hospitality. It is not called the Spice Island for nothing: you really can smell the nutmeg in the air in Grenada! It also be called the Fruit Island for all the luscious bounty growing profusely in the green hills.
Benefits of Grenada
Citizenship by Investment program
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Enhanced
Global Mobility
Reputable passport grants passport holders opportunity for a wider array of travel options.
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Quick
Processing
Estimated at 3-9 months, subject to successful due diligence and background checks.
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Attractive
Tax Regime
A favorable environment for individuals seeking to optimize their tax obligations with no tax on income, wealth or inheritance.
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Investment Required
Only After Pre-Approval
Investors are only required to make their investment after receiving pre-approval offering confidence and security throughout the application process.
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Family
friendly
Inclusion of dependent children under 30 years, and dependent parents or grandparents over 55 years and no age limit for unmarried siblings as eligible dependents.
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Opportunities
for higher education
University of St George offers acclaimed medical program, one that is the top provider of first year medical residents in USA for nine years in a row.
Investment Options for Citizenship of Grenada
- I. GOVERNMENT DONATION TO NATIONAL TRANSFORMATION FUND (NTF)
DONATION AMOUNT:
Main applicant and up to three family members
– except for siblings, parents, and grandparents under age 55:
US$ 235,000
Additional dependent after the third:
US$ 25,000/50,000 per person
Additional sibling:
US$ 75,000 per person
DUE DILIGENCE FEES:
*Upon submission of an application non-refundable due diligence fee must be paid
US$ 5,000
Spouse:
US$ 5,000
Each additional dependent aged 17 and above:
US$ 5,000
OTHER FEES:
Application Fee:
US$ 1,500 per person
Processing Fee:
US$ 1,500 per person aged 17 and above;
US$ 500 under 17
Mandatory Interview Fee:
US$ 1,000 per person aged 17 and above
- II. REAL ESTATE INVESTMENT
To qualify, the investor must enter a contract to purchase government-approved real estate.
Important: The property may not be sold within five years from the grant of citizenship.
INVESTMENT FEES:
Minimum investment amount:
US$ 270,000*
*US$ 270 000 investment refers to shared ownership in real estate. The real estate holding period for US$ 270 000 investment option is five years. For sole ownership the investment amount must be US$ 350 000+.
GOVERNMENT FEES:
Family of four
– except for siblings, parents, and grandparents under age 55:
US$ 50,000
Application fee for family of four:
US$ 6,000
DUE DILIGENCE FEES:
Same as at the donation option. Check the table on the left.
OTHER FEES:
Same as at the donation option. Check the table on the left.
Timeline & Process
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Explore Available Programs
Research various citizenship by investment programs accessible to you. This step involves comparing programs to determine which one aligns best with your personal aspirations, interests, and financial capacity. A helpful tip would be discussing your goals with various immigration consultants.
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Assess Eligibility and Investment Prerequisites
Familiarize yourself with the specific requirements and investment opportunities available under the Grenada citizenship program.
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Engage a Reputable Entity
Choose a trustworthy firm or authorized agent like NTL Trust to assist you in navigating the application process. They will provide guidance while ensuring transparency, adherence to payment schedules, and maintaining a high level of professionalism.
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Collect Necessary Documentation
Assemble all required and supporting documents, which may include passport, university degrees, police reports, evidence of funds, application forms and medical certificates.
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Submit Your Application
Once your preparations are complete, you will need to send your documentation to your selected agent via courier. The agent will then compile your file, ensuring that all documents are in order and handling applicable government fees.
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Evaluation Period and Interviews
The citizenship by investment unit will review your application and conduct due diligence checks. All applicants 16 years of age and older are subject to mandatory interviews, either virtually or in-person, at the discretion of the CBI Unit. This review process typically takes around 4 months.
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Receive Pre-Approval and Invest
Following the evaluation process, the citizenship by investment unit will communicate their decision. If your application is pre-approved, you will receive a pre-approval letter. This letter will include instructions for proceeding with your chosen investment avenue and settling any outstanding fees.
FAQS
What are the benefits of Grenada citizenship?
Some of the benefits of are visa-free travel to over 140 countries, low tax regime, dual citizenship allowed, favorable option for large families, affordable investment amounts, access to quality education at St Georges university and good healthcare; and a stable political and economic environment.
How long does it take to obtain Grenada citizenship?
The processing time for Grenada citizenship varies depending on the investment option chosen and the due diligence process. Generally, it takes between 3 to 9 months from the submission of the application to the issuance of the passport.
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