The Grenada Citizenship by Investment Program (CIP) offers a unique and attractive opportunity for individuals and families to acquire citizenship in this beautiful Caribbean nation through qualifying investments. Established in 2013, the program has gained a reputation for its rigorous due diligence process, transparent procedures, and the numerous benefits it provides to new citizens.
Investment Options
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Contribution to the National Transformation Fund (NTF):
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Single Applicant: A non-refundable contribution of $150,000.
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Main Applicant with up to 3 Dependents: A non-refundable contribution of $200,000.
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Additional Dependents: An additional $25,000 per dependent.
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Real Estate Investment:
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Minimum investment of $150,000 USD in a government-approved real estate project. The property must be held for at least five years before it can be sold.
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Benefits of Grenadian Citizenship
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Visa-Free Travel: Grenadian passport holders enjoy visa-free or visa-on-arrival access to over 140 countries, including the United Kingdom, the Schengen Area, China, and Singapore.
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E-2 Visa Treaty with the United States: Grenada is one of the few countries whose citizens are eligible to apply for the U.S. E-2 Investor Visa, allowing them to live and work in the United States by investing in a U.S. business.
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No Residency Requirement: There is no requirement to reside in Grenada before or after obtaining citizenship, offering flexibility to investors.
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Dual Citizenship: Grenada permits dual citizenship, allowing investors to maintain their original citizenship while enjoying the benefits of Grenadian nationality.
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Education and Healthcare: Access to Grenada’s educational institutions and healthcare services, which are of high quality and affordable.
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Tax Advantages: Grenada does not impose a worldwide income, inheritance, or capital gains tax, making it an attractive option for tax planning.
Application Process
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Engagement with an Authorized Agent: Applicants must engage a licensed agent to assist with the preparation and submission of the application to the Citizenship by Investment Unit (CIU).
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Due Diligence: A comprehensive background check is conducted to ensure applicants meet the program’s integrity requirements. This includes checks on financial history, character, and criminal records.
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Investment: Upon approval, applicants must make the required financial contribution or investment in real estate.
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Citizenship Approval and Passport Issuance: Successful applicants receive their certificate of citizenship and can apply for a Grenadian passport.