CITIZENSHIP BY INVESTMENT IN GRENADA
Grenada joined the CBI club in 2014 with a very competitive citizenship by investment program with access to USA E-2 visa.
Key facts:
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138 visa free countries, including Shenghen states, UK, China, Israel and Russia;
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Access USA with E-2 Treaty Visa;
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Reputable passport;
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Slow processing.
Grenada citizenship by investment programme offers a classic choice between real estate or donation options:
-USD 270,000 real estate investments;
-USD 235,000 non-refundable contribution.
Applicants of certain nationalities are currently not eligible to apply for citizenship by investment in Grenada, such as: Afghanistan, Iran, North Korea, Yemen, Sudan, North Korea Russia and Belarus. Contact your UB Lawyers citizenship by investment advisor now to find the best CBI programme that works for you and your family, even if your country of origin is among banned states.
CBI in Grenada can be obtained by the whole family of the main applicant, including:
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A spouse;
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Children of the main applicant or his or her spouse under 18 years of age;
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Children of the main applicant or his or her spouse under 30 years of age if they are enrolled in any recognized university;
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Children of the main applicant or of his/her spouse of any age in case they are physically or mentally handicapped;
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Parents and siblings of the main applicant and his/her spouse who are financially dependent on the main applicant.
The main applicant must be at least 18 years old and hold a clean criminal record to apply for CBI in Grenada. On certain curricumstances the applicant will not qualify for citizenship of Grenada, for example if the applicant:
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has been denied citizenship of any country,
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has been denied any sort of visa to any country with visa-free travel for Grenada citizens, in case the applicant has not obtained a visa to the country that issued the denial afterwards,
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is the subject of a criminal investigation of any kind,
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is involved in any activity likely to cause disrepute to Grenada.
Grenada passport - your easy access to the whole World, including USA with E-2 visas.
Don't hesitate to contact UB Lawyers for a professional advice on which citizenship by investment program suits your requirements most of all.
REAL ESTATE
One of options to obtain citizenship of Grenada is through acquisition of approved real estate on the island worth minimum USD 270,000.
You will have to pay additional administrative fees of USD 50,000 for a family of four and USD 50,000 for every additional dependent if you apply for CBI with real estate investment. You do not pay administrative fees if you choose to proceed with donation option.
You may not sell your real estate investment for 5 years in order to maintain the citizenship.
Real estate investment is a popular path to citizenship in Grenada. Many people choose this pathway to avoid non-refundable contributions.
Please, kindly note that there are many property related expenses that occur from the purchase. Therefore, real estate investment is not always the most budget friendly path to follow only if you do not intend to relocate or spend long holidays on the island. Contact UB Lawyers citizenship by investment advisor now to find out about all the costs and espenses concerned with acquisition of real estate and citizenship in Grenada.
CONTRIBUTION
Non-refundable contribution to Governmental economic development funds is a popular option to acquire citizenship by investment in the Caribbean, because it has no hidden costs and drawbacks comparing with real estate investment options.
Grenada provides citizenship by investment to familes who have contributed USD 235,000 to The National Transformation Fund. This amount is suffisient for a single applicant or a family upto four people. For every additional dependent you need to contribute extra:
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USD 25,000 more for a child and
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USD 50,000 more for each parent and
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USD 75,000 more for siblings.
Obtaining citizenship by investment through non-refundable contribution is a straightforward and fast track to the beloved second passport in Grenada.
PROCESSING
The process of obtaining citizenship by investment in grenada consists of the following steps:
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Case valuation and consultation;
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Preparation of all required documents;
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Submission of the application;
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Online interview;
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Due diligence and file study by independent firms appointed by the Government;
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Approval in principle;
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Settlement of the investment or contribution;
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Certificate of naturalization and passports issuence;
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Optional: visit to the island to open local bank account, obtain local driving license and utility bill if required.
There are several obligatory fees and charges to be settled in addition to contribution amount or real estate value in Grenada, such as due diligence fee, interview fee, professional fees, passport fees and out-of-pocket expenses (apostille, translations, courier, etc.). These fees exact amounts depend on the number of dependents in the application and other factors and usually exceed USD 36,000.
It usually takes minimum 10 months to process citizenship by investment application in Grenada.
This term varies depending on the profile of the applicant and chosen path to citizenship. You will receive your Grenada passport sooner with contribution option, as real estate acquisition and property rights transfer takes time.
Please, note that it usually takes additionally from 1 to 4 weeks to collect all documents to be submitted with the application and approximately 1 month to get the passports issued after the investment has been settled.
So, eventually it will take upto 1.5 years from your call to UB Lawyers until your new Antigua and Barbuda passport is handled to you. Stop wasting the time, contact us now for a complimentary consultation and case valuation.
UB LAWYERS RANKINGS AND ADVICE
Citizenship by investment programme in Grenada is for those, who are not in rush, because long processing time is the only downside of this CBI programme.
Grenada gives you a strong passport with good visa free access throughout the World, including easy access to the US.
UB Lawyers raks Grenada citizenship by investment programme among one of the best in the Caribbean, but if you are not interested in E-2 USA visas, we don't see other benfits of Grenada CBI.
