This peaceful and welcoming nation in the south-eastern Caribbean Sea comprises of a handful of islands. Famed for its tropical scenery, dramatic waterfalls and stunning beaches, this small archipelago is one of the world’s most exclusive tourist destinations and considered home by many expatriate professionals. Sometimes people need to be reminded of the proper and accurate pronunciation of the name, which is, phonetically, “Grey-NAY-dar”!
Grenada is a politically stable country with the Prime Minister as the leader of the Government. The island has excellent financial regulations and is supported by the world’s leading banking systems.
The island has an excellent infrastructure with modern roads and highways, reliable electricity and water supplies in addition to a state-of-the-art communications network.
The country is a member of the British Commonwealth and of the United Nations.
Grenada’s legal system is well-respected and is based on English law.
Tourism is the biggest earner and it directly and indirectly supports much of the country’s 100,000 population. Grenada is the world’s second largest producer of nutmeg.
A Few Facts about the Country
Why Grenada – Benefits of Citizenship
- Citizenship for life, including an unlimited number of eligible dependents, passed down to generations and newborns (applicants do not require to visit or reside on the island)
- Passports are issued in approximately 3 – 4 Months of filing an application
- Generous tax regime – no wealth, gift, inheritance, foreign income or capital gains tax
- A favorable business development environment with the currency being pegged to the dollar.
- Visa Free/or on arrival Travel to over 120+ countries including: United Kingdom, All of Schengen, Hong Kong, Singapore, Brazil, Turkey and many others.
- Full residency status and the right to work and live in Grenada.
- Dual citizenship is permitted and open to all nationalities without the requirement of renouncing your current nationality/citizenship.
- Family security is ensured as the spouse, children and elderly parents will also can obtain citizenship
- E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein
Citizenship by Investment in Grenada is offered in two ways:
The National Development Fund (NDF) (Non-Refundable Contribution):
A Non-Refundable Contribution as Follows is required:
- US$150,000.00 for A Single Applicant
- US$200,000.00 for an Applicant and his/her Spouse
- US$200,000.00 for an Applicant with up to three qualifying dependents
- US$25,000 is payable for any Additional qualifying dependent
In addition to the Donation Amount, the following fees are applicable:
Due Diligence Fees:
- US$5,000 for the main applicant
- US$5,000 for a spouse
- US$2,000 for each dependent above the age of 12 – 17
Government Processing Fee:
- US$ 500 For Each Dependent below the age of 18
- US$ 1,500 for each dependent above the age of 18
Government Processing Fee per Application:
- US$ 1,500
Oath of Allegiance Fees:
- US$ 20 per person.
Passport and Citizenship Certificate Fees:
- US$ 250 per person.
Legal and Professional Fee:
- Subjected to the number of dependents and varies from case to case. A detailed quotation will be provided upon request.
A Real Estate Investment:
- The property purchase must be of a minimum of US$ 350,000 from a government approved real estate development project.
- The property ownership must be maintained for a minimum period of 3 years (5 Years should the new buyer wish to apply for Citizenship)
- Retain your citizenship even if you sell or transfer your investment after the 3 years holding period and recoup your costs. After a 5 Years the new buyer will be afforded the same benefits as well as citizenship.
In addition to the Donation Amount, the following fees are applicable:
Government Fees:
- US$ 50,000 for the main applicant
- US$ 50,000 for the Main Applicant applying with his or her spouse;
- US$ 50,000 for the Main Applicant with up to three qualifying dependents
- US$ 25,000 is payable for any Additional qualifying dependent
Due Diligence Fees:
- US$5,000 Main Applicant
- US$5,000 for a spouse
- US$2,000 for Each Dependent aged between 12 – 17.
- US$5,000 for Each Dependent above the age of 18.
Government Processing Fee per Application:
- US$ 1,500
Government Processing Fee:
- US$ 1,500 for each dependent above the age of 18
- US$ 500 For Each Dependent below the age of 18
Oath of Allegiance Fees:
- US$ 20 per person.
Passport and Citizenship Certificate Fees:
- Passport and Citizenship Certificate Fees:
Legal and Professional Fee:
- Subjected to the number of dependents and varies from case to case. A detailed quotation will be provided upon request.
- An additional amount of 1% – 5% of the investment amount maybe applicable on a property purchase as registration fee.
Easy Steps to Obtain Your Citizenship and Passport:
Preparation
Submission
Issuance
Investments
Procurement
Preparation
Preparation of File:
Pre-screen your passport copy for Government pre-approval to ensure fast processing.
The Initial payment will be required to start the application.
Document collection and Review
Submission
Submission of File:
Submission of duly filled Application forms to Grenada.
Issuance
Issuance of Comfort Letter (Pre-Approval):
A due diligence report is issued to the Government. Based on the report the Government makes its decision on your Citizenship application.
Investments
Once accepted you are invited to pay the National Economic Fund contribution amount in to the relevant escrow account.
Procurement
Procurement of Passports:
A certificate of naturalization (citizenship certificate) and passport will be issued in your name and couriered to our office in Dubai or to an address as instructed by the investor.
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