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Considering Grenada for a family passport? Here is Why

Grenada is known for its boutique and discreet investment immigration program, focusing on quality rather than quantity. The program's robust due diligence system sets it apart from others in the industry.

Citizenship in Grenada

Highlights

  • Grenada Investment Immigration Programs Overview
  • Grenada offers unique benefits.
  • Required To apply for Grenada’s citizenship by investment program

Grenada Investment Immigration Programs Overview

The donation-based program remains affordable, with a reduced price of  150,000 for individual investors and200,000 for a family of four.

Additionally, there is an option for a $220,000 real estate investment, allowing applicants to make a tangible and potentially lucrative investment in Grenada. By choosing the investment route, applicants can also establish a stronger connection with the country, obtaining a tax ID number, driver’s license, and the ability to open a bank account. This connection becomes especially crucial if applicants are considering the E-2 visa of the United States.

Grenada offers unique benefits, including visa-free travel to China. It is also the only Caribbean country with an active citizenship program and an E-2 treaty with the United States. This has led to a growing number of investors from countries like China, Vietnam, Brazil, and India utilizing Grenada as an alternative to the EB-5 program, providing them with a legitimate path to living in the United States.

While Grenada offers full citizenship through its investment program, there is no equivalent residency program for those seeking residency without citizenship. Investors looking for residency often choose other avenues such as converting an existing employment visa or purchasing real estate. For most investors, full citizenship is the most attractive and straightforward option.

To apply for Grenada’s citizenship by investment program, applicants must go through government-approved local agents. Additionally, international marketing agents approved by the government handle the initial application process. The first step for prospective applicants is to select their international marketing agent carefully.

The application process requires standard documentation, including a medical examination. If applying through the investment route, applicants must demonstrate that they have reserved an appropriate investment through a sale and purchase agreement and place the investment amount in escrow with an approved local agent. Once the application is accepted, the sale is completed or the required donation is made. An official certificate of registration is then issued, confirming the applicant’s Grenadian citizenship and allowing them to apply for a passport. Importantly, the entire process can be completed without the need for investors to travel to Grenada.

Grenada’s passport holds great value and allows visa-free travel to over 143 countries and territories, including the UK, Schengen area, China, Brazil, Russia, and UAE. The government actively seeks to expand the number of countries granting visa-free access, considering it to be a significant advantage of their citizenship by investment program.

While visas are required for the United States and Canada, Grenadian passport holders have the right to seek E-2 visa status in the United States. This status enables long-term residency in the US in exchange for a substantial business investment, which is usually lesser than the minimum amount required for an EB-5 visa. Importantly, proper structuring of the investment can result in exemption from worldwide taxation.

Grenada, with its picturesque Caribbean setting, relies on tourism and exports of spices and tropical fruits for its economy. The island lies outside the hurricane belt, ensuring it often escapes the devastation experienced by other Caribbean islands. With a welcoming community and excellent infrastructure, Grenada proves to be an attractive destination for investors.

In conclusion, Grenada’s Investment Immigration Programs offer investors an opportunity to acquire citizenship or residency in a country known for its quality and discretion. The program’s affordability, unique benefits, and strong due diligence system make it an attractive option for individuals and families seeking a more intimate investment experience. With its prestigious passport and visa-free travel to numerous countries, Grenada provides investors with exceptional global mobility.

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