Citizenship in Grenada typically takes between 2 and 3 months to complete.
- Preparation time for an application – two weeks
- Time required for processing: two months
- Compliance: Minimum of $220,000 for the Purchase of a Home OR $150,000 in Contributions
- Grenada issues passports
What is more about Grenada Visa?
In 2013, Grenada began offering citizenship in exchange for financial investments with the goal of boosting the country’s already-thriving economy to even greater heights.
In exchange, it enables foreign investors to get permanent legal citizenship and a second passport in a period of between four and six months. Because of its close ties with the United States and China, Grenada’s citizenship-by-investment and second passport program are the only one of its kind in the Caribbean that allows people to go to China without obtaining a visa. In addition, the United States and Grenada are parties to an agreement known as the E-2 Investor Visa Treaty, which gives citizens of Grenada the legal authorization to find employment in the United States.
According to the Passport Index, the Grenada passport earns the 76th position due to its outstanding mobility across the world. With this Caribbean passport, you may travel visa-free to over 140 countries, including China, the European Union, the United Kingdom, and Russia. It is also the only Caribbean passport that will allow you to apply for an E2 visa in the United States, enabling you to establish a company and dwell in the United States simultaneously.
Citizenship in Grenada may be obtained by investment in one of two different ways:
- Non-refundable Investment with the National Transformation Fund (NTF)
- Real Estate Investment authorized by Grenada Citizenship by Investment Unit
Grenada Passport and Citizenship Benefits
The Grenada Citizenship Program allows for the sponsorship of several family members in a single application. In a similar vein, the applicant is not required to take any kind of language exam, nor is it necessary for them to reside or visit the country.
Grenada citizens with valid passports are eligible to vote, own property, and both reside and work in the country.
Passport holders from Grenada are entitled to a wide range of privileges, including the following:
- Access without a visa to around 140 countries and territories, including those in the Schengen zone, the United Kingdom, and China
- Citizenship can be passed down from parents to children.
- enables the holding of dual citizenship
- Treaty on the E2 Investor Visa with the United States
- Enables the sponsorship of siblings within the same application.
- There are no tax obligations placed on non-residents.
How to Qualify for Grenada PR
The primary applicant for citizenship in Grenada must be at least 18 years old.
- All applicants must be free of any criminal records.
- Must provide evidence of where the investment funds came from.
- dependent children that are younger than 30 years old
- Parents and grandparents who rely on their offspring
- Siblings 18 and above who are financially dependent and not married
- Must conduct due diligence procedures to receive approval
Is it worthwhile to own a Grenada passport?
Owning a passport from Grenada is a great investment if you want to expand your opportunities.
You and your family will be able to settle permanently on one of the most beautiful islands in the Caribbean, and you’ll have access to a wealth of other benefits as a result of having a passport from that country, including visa-free travel to more than 140 countries, work and residency in the United States under an E2 visa, and significant tax breaks. Additionally, Grenada does not impose any taxes on capital gains, inheritance, income, or wealth generated elsewhere in the globe.
With the ability to expedite your passport application and a usually smooth application procedure, it is simple to get second citizenship that may be handed down through generations.
See more: here→