Citizenship by Investment Program
Initiated in the year 2013, the citizenship program of the country is operational under the Grenada Citizenship by Investment Act No. 15/2013. With no requirement to stay, and guaranteed data privacy, it is an important opportunity for businessmen and entrepreneurs who are looking to travel for the promotion of their businesses and are looking for better healthcare, and academic opportunities as well as cultural and technological exposure.
Global Citizenship Solution (GCS) has a team of professionals working round the clock to provide you a detailed assessment of investment options for Grenada, based on the client’s resources and requirements. The client is facilitated throughout the process of acquisition of passport, and the team makes sure that each and every process is completed keeping the legalities in mind.
Visa-free travel
holders of Grenada passport can travel to 142 countries including the Schengen countries freely and can either obtain vise on arrival or online as well.
Minimal Physical Presence Required
to acquire the second citizenship of Grenada, the applicant is not required to stay in the country or even visit it, if the applicant so desires.
Return on Investment
During five years the investors have to hold the investment, they are facilitated with the returns on the invested amounts in real-estate in form of rent. In addition, the property can be sold once the designated period has passed.
US B1/B2 Visa
Through the tourist visa for US, the passport holder can get access for a 10-year period during which time they can stay in the US for six-months each year, for a wide array of reasons including tourism, business and medical treatments.
Tax Optimization
Residents of Grenada are exempted from paying taxes on salaries, capital gains, inheritance or stamp duty. As well as no taxes on global income, dividends, interest or royalties received from other countries.
Entrepreneurial Opportunities
Registration of company in Grenada saves the investor from currency control restrictions during transactions with foreign partners.
E-2 business visa to USA
Grenada passport holders qualify for E-2 business visa to USA which allows them to establish business in USA with minimum investment of $100,000 and can live and work there.
Non-Refundable Contribution - $150,000
Donations are made to the National Transformation Fund by investors. The money from the fund is used by the Grenada government for things like healthcare, education, tourism, culture, and renewable energy. The donation has no cash value and is non-refundable.
Investor | Married Couple | Family of 4 excluding siblings | Family of 5 or more people | |
---|---|---|---|---|
Contribution to the Fund | $150,000 | $200,000 | $200,000 | $200,000
+$25,000 per parent over 55 or child starting from fifth member +$50,000 per parent under 55 +$75,000 per sibling |
Due Diligence | $5,000 | $10,000 | $5,000 per family member over 17 years old | $5,000 per family member over 17 years old |
Other Fees | $3,270 | $6,540 | $11,080+ | $15,620+ |
Real Estate Purchase - $220,000+
The property can be sold after five years of holding period.
Investor | Married Couple | Family of 4 excluding siblings | Family of 5 or more people | |
---|---|---|---|---|
Contribution to the Fund | $220,000 | $220,000 | $220,000 | $220,000 $220,000 |
State Fee | $50,000 | $50,000 | $50,000 | $50,000
+$25,000 per parent over 55 or child starting from fifth member +$50,000 per parent under 55 +$75,000 per sibling |
Other Fees | $3,270 | $6,540 | $11,080+ | $15,620+ |
For your convenience, the following forms are referred to as:
Additional information required from the principal applicant includes:
Global Citizenship Solution conducts its own preliminary due diligence check to identify the rejection risks and find a solution in advance by only obtaining the passport of the client.
The investor can take the due diligence test to check his chances for the citizenship. The investor can go to the Due Diligence Test and assess himself.
Our professional team will assess the client from the two investment options available with all the pros and cons of the available options and will give a brief overview of the Grenada real estate market.
We will assess you in the donation program or either picking minimum of $220,000 worth of properties from the vast variety of exclusive projects which best suits the client’s investment and lifestyle needs.
The investor will provide all the required documents which are necessary for the citizenship and the application will be submitted.
Grenada CBI section receives the completed documentation from the attorneys. An investigation starts after the applicant has paid the due diligence charge. Every family member who is older than 16 must go through a due diligence check.
Global Citizenship Solution is informed by the CBI unit of the investor's application's outcome. Within 90 days of receiving approval, the investor completes the investment requirement by making a contribution to the state fund or purchasing real estate.
Following the fulfilment of the investment requirement, a passport and a certificate of naturalization are issued in 4 weeks.
No one guarantees that you will obtain citizenship by investment. Global Citizenship Solution has a Compliance Department which conducts preliminary due diligence check of the applicants to identify the rejection risk and find best solution to overcome with that risk. Due to this most of our clients successfully pass the Due Diligence and get citizenship.
Under the Grenada scheme, investors may recover their investment 5 years later, they can sell a stock or piece of real estate. Throughout their whole ownership time, they accrue rental income. The investor typically earns 5-8% annually.
The applicant pays government fees, costs for legal services and document shipping.
The government fees include:
Set up a meeting online or in one of the offices. A lawyer will assess the case, estimate the cost, and work with you to develop a solution that meets your objectives.