Investors and high-net-worth individuals striving to travel the world with visa-free access to many destinations and obtain a fast-track second citizenship in just 60 days, Grenada’s citizenship is deemed to be an ideal solution. The advantages of Grenadian citizenship never stop here, as investors opting to relocate to the US and start their business, may qualify for an E-2 non-immigrant visa which is accessible only to citizens of countries with which the US has signed a mutual investment agreement.
Grenada Passport Ranking
The Grenada passport is currently ranked 34th among global passports in 2023, registering 11 spots increase within ten years. This ranking is based on the number of countries that allow Grenada passport holders, to enter without visa or by obtaining visa upon arrival and reflects the passport’s high overall mobility score. Grenada passport provides visa-free access to 146 countries, and instant travel opportunities to worldwide prime destinations, including Singapore, United Kingdom, Russia, China, and the entire European Union. However, Grenadian passport holders, require a visa to enter few destinations, such as Thailand, and Australia. Grenada residents can also apply for an E2 visa to the United States.
Grenada Citizenship by Investment
The Grenada Citizenship by Investment program enables qualified investors to obtain citizenship and a second passport without residency requirements before or after applying. The application process for this program is cost-effective, fast, and straightforward, as it can be provided within 60 days, with no interview, education, and management experience required to apply. Grenada’s citizenship is granted for life and is irrevocable, and dual citizenship is allowed. When applying for this program, children and parents, as well as unmarried siblings, can be included under one application. Grenada citizenship can be obtained in exchange for an investment in the country’s economy.
How to Get Grenada Citizenship by Investment
To qualify for citizenship and gain a Grenada passport by investment, applicants need to pass a strict due diligence process and a detailed background check. The main applicant must be over 18 years, in good health, and must provide proof of funds, which must be legal income. In addition, they must contribute a non-refundable contribution of at least $150,000 to the National Transformation Fund (NTF) or purchase real estate worth $220,000 in a government-approved project, along with a payment of applicable government fees.
Economic Citizenship Grenada Application Process
Applying to a citizenship by investment program in Grenada can only be done through a government approved agent. To start the process applicants must sign a service agreement with an authorized agent. The latter will provide advice, assistance, and prepare documents and government forms. The applicant’s file will be complete at this stage, and due diligence fees and government application fees will be due. The applicant is then required to transfer the applicable investment amount for the selected option into an approved escrow account in Grenada. The authorized agent will submit a complete application to the government of Grenada on behalf of the applicant, and after the government assesses the applicant’s file and due diligence is completed, an “Approval in Principle” will be issued, and the government issues the naturalization certificate. After this stage, Grenada passport applications are submitted, and passport is issued within one week, and delivered along with the naturalization certificate to the applicant. Then balance of fees will be due.
Benefits of Second Citizenship in Grenada
Grenada’s citizenship can provide its holders a lot of benefits, mainly gaining visa-free or visa on arrival travel to 146 countries. Investors striving to relocate to the US and start their business, can simply achieve their dream of gaining a US visa after acquiring the Grenadian Citizenship. Grenada is considered the sole Caribbean country with a bilateral arrangement with the US for the E-2 non-immigrant visa, which opens the door to immense business, social, and educational opportunities in the US. The E-2 visa considered one of the most cost-effective methods to start a business in one of the world’s most prosperous economies. However, to qualify for the E-2 non-immigrant visa, a Grenadian citizen must meet certain investment and eligibility criteria, and also be able to prove that they have been domiciled in Grenada for the past 3 years prior to submitting an E-2 visa application. This is in accordance with the AMIGOS Act (as part of the National Defense Authorization Act – NDAA) which was passed by the US congress in late 2022.
Grenada is also a stunning island, which is perfect to live in peace and serenity after retirement from many years of hard work. The country also does not impose taxes on foreign income, capital gains, dividends, wealth, and inheritance. There is also no tax obligation for non-residents. Moreover, citizens of Grenada have access to an international airport with direct flight to the UK, USA, and Canada. Grenada is also home to top hospitals and universities including St. George’s University which is one of the top medical schools in the region.
Grenada Passport Price Increase
There has been no recent increase in Grenada’s citizenship fees. Grenada’s citizenship by investment can be granted to the investor and his close family members, such as the spouse, children, parents, as well as unmarried siblings. Contribution for a single applicant starts from $150,000. However, a family of four members is required to donate $200,000, and an additional $25,000 for each extra dependent. For the real estate investment option, applicant must invest a minimum of $220,000 in a government approved real estate and pay the relevant government fees which start from $50,000 covering up to a family of four.
What is the Total Cost of Citizenship in Grenada for an Individual?
For a single applicant, the minimum cost of Grenada’s citizenship through government donation is $158,000. This includes a $150,000 non-refundable donation to the National Transformation Fund, a $1,500 application fee, a $5,000 due diligence fee, and a $1,500 processing fee. While the minimum cost of having Grenada’s passport by acquiring real estate is at least $275,000. This comprises a $220,000 real estate investment, along with $50,000 in government fees, and $5,000 in due diligence fees. Fees could go up depending on the number of dependents included on the application and their ages.
Common Question about Grenada Passport:
Before taking any investment risk, investors looking to acquire second citizenship may have several concerns and questions.
Is Grenada passport powerful?
Grenada’s passport one of the world’s best passports and is ranked in the 34th place, allowing holders to travel freely to 146 countries and territories around the world, including the Schengen area, the UK, China, Singapore, and Hong Kong.
Can I travel to USA with Grenada passport?
Grenada is the sole Caribbean country that holds the desired E-2 visa treaty with the US, allowing citizens to apply for a non-immigrant visa and reside there if they meet certain investment and domicile criteria. Grenadian nationals planning to visit the US can apply for a 10-year B-1/B-2 tourist visa in two weeks and stay in the country for up to 180 days every year.
Is it easy to get Grenada citizenship?
The application process for Grenada’s citizenship program is cost-effective, fast, and straightforward, with no interview, education, and management experience required to apply. Also, there are no physical residency requirements and applicants do not have to visit the island nation before or after applying. It is estimated that the process will take between four to five months from the submission of the application to the issuance of the passport, assuming there are no areas of concern with the application. However, most Grenada citizenship applications are approved within 60 days.
Can Grenada citizens get US citizenship?
Grenada citizens cannot get US citizenship or a green card, but rather apply for an E-2 Visa to the US, which allows a national of a US treaty country to reside and do business in the US in exchange for a significant investment in a commercial enterprise. Qualified treaty investors and employees can travel to the US at any time and stay there for a duration of two years and can also renew their visa a limitless number of times.
