Grenada has long been a tax haven. Not under sanctions, restrictions or bans on entry to the European Union, USA, the UK, and Canada, Haven’t been convicted for a crime for which the punishment is 6+ months imprisonment, Are not under current criminal investigation, All children and stepchildren under 30 years old (not necessarily enrolled in higher education), All children, regardless of age, who have a mental or physical disability, Parents or grandparents of the main applicant, 55 years or older, Unmarried siblings of the main applicant, over the age of 18 and childless. The very minimum that it costs to obtain a Grenadian passport for a single applicant is. If you do business in Russia or China often, Grenada might be a great investment saving you lots of hassle and time in the long-run. Your Grenadian citizenship will be passed on to your children and their children. . The Grenada Citizenship by Investment program provides you with the opportunity to legally acquire a new nationality and Grenada economic citizenship promptly whilst enabling global mobility for you and your family. The application process is straightforward and you won’t be made to jump through any unreasonable hoops. Create a legacy that lasts a few lifetimes. To keep up with the times and stay competitive, the Grenadian CBI program has undergone some reforms. None of your personal information will be relayed to any third party and the entire application process is confidential. No. This recently introduced pre-check step streamlines the application process and allows for the due diligence checks to start, thus saving everyone time in the end. The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. The investor visa to the United States is accessible to all Grenadian citizens, making Grenada the only CBI program in the Caribbean to have this feature. Applicants don’t need to be permanent residents before applying for their citizenship – saving paperwork and, most importantly, saving time. Currently, there are two qualifying investment options: Then, 2019 was a record year when the Grenadian government raised $61 million (13% more year-on-year). As you can tell, Grenada means business when it comes to the due diligence process. That’s not to say that you will face the same issues, but it’s a little something to keep in mind. Everyone, of course, is subject to stringent due diligence checks – even your dependents. Grenada’s Citizenship by Investment Programme is a fantastic way to enjoy the beautiful island of Grenada, explore new paths for your business and expand your passport portfolio. You must, however, make a ‘substantial’ investment. When you go the real estate route, the government fees are considerably higher than the donation route, which is something that you should factor in: After the five year holding period is up, you can sell your real estate and recoup your investment or, in fact, even make a profit. The Grenada Citizenship by Investment Program Grenada established and started running its CBI program back in 1997. Required fields are marked *. © 2020 Government of Grenada. Investors that choose the real estate investment route are looking to either buy and hold, or buy and generate rental income for the duration of five years, for which the real estate must be held to retain your citizenship. A citizenship by investment program is another term for economic citizenship. We can help you figure it all out. You can also be a dual citizen – there are no restrictions on that. best CBI programme, A Great Opportunity to It was used as a signal to warn criminal offenders that Grenada won’t hesitate to extradite people if such a procedure was ever requested. A second passport can provide greater freedom to travel internationally, peace of mind, as well as financial benefits. Invest only after you’re approved. It’s also worth mentioning that Turkey and Montenegro also have the E-2 treaty, which means you could potentially opt for the CBI programs of those countries to get into the United States. Holders of a second passport in Grenada have visa free access to 117 countries. The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Grenada is also known for being an offshore haven and for offering a citizenship by investment (CBI) program for those who want to obtain a, The E-2 VISA – Access to the United States, Make a non-refundable donation to a national fund, Invest in (government-approved) real estate, Set up and run a local business, employing local people, Invest in government bonds or some sort of other financial instruments, No wealth, gift, inheritance, or capital gains taxes, and f. Grenada means business when it comes to the due diligence process. You should receive it within a couple of weeks. Children born within 12 months of one obtaining the citizenship will automatically be added. The very minimum that it costs to obtain a Grenadian passport for a single applicant is $158,000. The Nomad Capitalist team can help. A country of Grenada’s size has a limited number of ways to make money; it’s also a small economy by virtue. Nonetheless, it has a few other advantages, thanks to the recent changes. It’s highly coveted – that’s a fact – and Grenada is the only one out of all of the Caribbean CBIs to have it. What does this small collection of islands off the coast of Venezuela have to offer? Grenada has long been a tax haven. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, Second Residence: How to Get a Residence Permit Overseas, The Best Citizenship by Investment Programs, Citizenship By Descent: How to Get an Ancestral Passport, International Investment: How to Invest in Emerging Markets, The Grenada Citizenship by Investment Program, The United States EB-5 Visa: the Ultimate Guide, Ukraine Residence by Investment: the Ultimate Guide. Her full-time job is to scour our global network to identify new banking, immigration, and lifestyle options for our clients. And your new citizenship will not be reported to the country of your current citizenship. You will not have to visit or live in Grenada for any period of time to obtain or retain your passport. No country exclusions. Grenada is one of the only CBI countries to allow adult siblings of the applicant to come, as well as dependent children of up to 30 years old. The CBI industry in general has been plagued by real estate developers who collect investor money and then stall the actual development, take a really long time to complete it, or never complete it at all. Out there should receive it within a couple of weeks money in be accepted all, isn. The price. ” CBI programs with access to a second passport through Grenada. Cbi programme has won a prestigious award at the 2016 Russian HNWI Forum awards ceremony started running its CBI is. 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