lAbout the Programme
The Grenada Citizenship Program is one of the oldest in the world, launched in 1997. More than 20 years of work of the program means streamlined processes and compliance with the deadlines for all procedures.
Grenada has one of the most popular citizenship programmes. The country’s passport gives a unique opportunity to visit China without a visa for 30 days a year. Grenadian citizens can also obtain a US Entrepreneur Visa – E2. There is no minimum amount of business investment for this type of visa. At the same time, the investor can freely enter and leave the US and live there with his family.
A total of 144 countries are open to Grenada passport holders for free entry.
Participants in the programme choose one of two options – contribute money to a government fund or invest in a real estate project. The contribution starts at $150,000 and the investment in real estate starts at $220,000. The investment under the second option needs to be kept for the first 5 years of citizenship, during which time it is possible to get a rental return. This averages out to 3.5% per annum.
Family members of the investor can also obtain Grenada passports. The process takes 3 to 6 months and is done remotely and confidentially.
lBenefits of the Grenada Programme
1. Low Investment Cost
Foreigners can invest from $150,000 and obtain a Grenada passport.
2. Fast Processing Time
from 3 to 6 months
3. Visa – Free Entry to 144 countries
A Grenada passport allows visa-free travel to 144 countries including the European Union, UK, Hong Kong and China.
An E2 business visa is available to Grenadian citizens. Under this visa, the investor and his family have the right to live, do business, study and work in the US without restrictions on entry.
With Grenada citizenship, it is easy to obtain a visa to the US for 10 years.
Only Grenada in Caribbean has a visa-free entry agreement with China. Stay in China without a visa is up to 30 days per year.
4. Preferential Education
The investor’s children can be educated in the UK on preferential terms.
5. Tax Optimisation
Taxation in Grenada is beneficial for residents – income and capital received outside the country are not taxed. Grenada has no taxes on wealth, inheritance and capital gains.
lInvestment Options for Citizenship of Grenada
1. National Transformation Fund
The minimum Investment amount is USD $150,000. A non-repayable contribution to the National Transformation Fund. Grenada's National Transformation Fund is used to support health, education and agriculture.
2. Real Estate Investment
The minimum Investment amount is USD $220,000. Real estate investments from a list of government-approved projects. It is possible to buy a share in a project, apartments or villas. The minimum ownership period is 5 years.
In addition to the investment, you also have to pay for due diligence, fees and charges, and documentation services. The total cost of the programme depends on the number and age of the family members.
lSteps to obtain citizenship of Grenada
Step 1: Preliminary Check:
A certified Compliance Anti Money Laundering Officer will review the investor’s documents and warn of possible risks.
If issues arise during the review process that may cause the investor’s application to be rejected, the licensed agent will offer other citizenship programmes by investment.
Step 2: Entering into an agreement:
If the preliminary check is successful, a cooperation agreement is signed with Taurus International Holding Limited, a licensed agent of the Grenada programme, in order to obtain citizenship.
Step 3: Document Preparation:
Taurus International Holding Limited collects citizenship application documents, translates, apostils and completes government forms
Step 4: Due Diligence checks by public authorities in Grenada:
The process begins when the citizenship application documents are submitted and by law takes between 2 and 6 months. Verification takes place remotely and the investor will not need to be present.
Step 5: Receiving citizenship documents:
The Grenada passport and naturalisation certificate can be delivered by courier to an investor-friendly address.