The citizenship by investment programme for Grenada is one of the newest programmes available to investors. The Grenada investment visa programme provides second citizenship in Grenada and a passport to investors offering visa-free travel to over 143 countries including the UK, EU Schengen countries and China. Grenada also offers access for its citizens to the USA E2 treaty investor visa.
Applicants need to invest either $200,000 as a donation or $350,000 in a government approved Real Estate project (can be reduced to $220,000 for connected investors) and maintain the property investment in Grenada for at least 5 years.
Thee Grenada programme is one of the newest citizenship investment programmes available to investors. Introduced in 2013 it offers a low cost entry for a second passport. Grenada is the only Caribbean programme with no country restrictions. All applicants are welcome but are subject to strict due diligence checks.
There are fees and taxes to pay in addition. Applicants must be of outstanding character, in good health, of high net worth and with no criminal record. There is no requirement to visit for an interview for the Grenada citizenship programme and in fact there is no need to travel to the country to complete the application.
There are no specific country restrictions with the Grenada programme (includes Iran, Iraq, Afghanistan, Syria). Children and dependents up to age 30 can be included (subject to restrictions) along with dependent parents over age 55 (if fully supported). There is no tax on worldwide income and processing of the application takes around 4 months. Government, Professional and Due Diligence fees apply.
The 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 there. Many countries in the world including China and India do not have an E-2 treaty with the USA. In such circumstances investors can obtain citizenship of Grenada first and then a US EB2 or US EB5 Visa.