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0:00 – Introduction to the Grenada Citizenship by Investment Program
In this video, we will introduce the Grenada program for obtaining citizenship through investment. This is known as citizenship by investment program and is often abbreviated as CBI.
We will guide you through the main requirements, costs, steps and benefits of obtaining a second passport.
At the end of this video, we will also answer the most frequently asked questions about this program.
0:29 – About the Grenada Citizenship by Investment Program
Launched in August 2013, the Grenada Citizenship by Investment program is one of the newer Caribbean programs. The mission of the Citizenship by Investment program is to strengthen the country by creating economic growth through foreign investments.
As an applicant, you must be at least 18 years of age, of good character and without a criminal record.
Additionally, you are required to make a non-refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects.
1:03 – Investment Options
To qualify for the Grenada Citizenship by Investment program there are two investment options to choose from:
The first option is a minimum, non-refundable contribution of 150,000 USD to the National Transformation Fund.
The second option is a minimum investment of 220,000 USD in Government approved real estate projects. The property can be re-sold after a required holding period of 5 years.
In addition to the minimum investment, there are government processing fees and professional fees that apply to both options.
1:49 – The Process of Obtaining a Grenada Citizenship by Investment
The process of obtaining the Grenada Citizenship by Investment consists of 5 steps over a period of 4 to 6 months.
1. We will do an initial background check to make sure you are qualified to apply to the program. If you pass the qualification process, a down payment of our professional fees is required to start working on your application and move to the next step.
2. Our team will assist you with the collection of all documents required by the government.
3. Once the documents are collected, we will submit your application, and at the same time, you are required to pay the government fees. If you decided to invest in real estate, a reservation of your chosen property must be made at this time.
4. Once the government has approved your application, you are invited to pay the non-refundable contribution or finalize your property purchase.
5. Your citizenship certificate and passport are issued by the government. At this time, the balance of our professional fees will be settled, and your new citizenship documents will be delivered to you.
2:55 – The benefits of Grenada Citizenship by Investment
As a citizen of Grenada you are entitled to visa-free and visa-on-arrival travel to over 140 countries and territories including Hong Kong, Singapore, China, Russia, The Schengen area, and the United Kingdom. Grenada is home to one of the best medical schools, Saint George’s University, which is ranked highly by multiple global organization.
The Grenada program is the only one of the Caribbean citizenship by investment programs that offers an opportunity to obtain an E-2 Investor visa in the United States of America. For more information about the E-2 investor visa, please contact us on our website.
Grenada imposes minimal taxation, with an exception of no taxation on wealth, gift, inheritance, foreign income, or capital gain.
Additionally, the country allows multiple citizenships, so there is no need to renounce your current citizenship.
3:50 – Frequently Asked Questions
1. Can I include my family?
Yes, you can include qualified members of your family in the application or add them after you have obtained your citizenship for an additional fee. A qualified family member can be a child not older than 18 years, a child up to 30 years old that is financially dependent, parents above 55 years old and siblings above 18 years old.
2. Are there any interviews, language tests, or work experience requirements?
The Grenada Government does not require you to pass any interviews, language tests or have previous work experience to be able to apply for this program.
3. What if I get rejected?
Savory and Partners will assess your eligibility before submitting your application. Anything that might cause issues in the process will be explained to you before any action is taken. Once your file is submitted, the Government will conduct their own assessment. Please note that you do not pay the investment amount until your application is approved.
4. Can I apply for the program to the Government directly?
The Government does not accept direct applications. You can only apply through a Government Approved Agent like Savory and Partners.
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