The country, which includes Grenada, Martinique, Carriacou, Petit and other islands, is developing the tourism construction industry. Real estate investments approved by government authorities allow participants and investors to legalize in the country, taking advantage of all its opportunities on an equal footing with local residents.
The country provides for family offers, according to which the spouses and minor children of the main applicant are offered citizenship under preferential conditions.
Citizenship by Investment
Expenses for a family of 4 with two children up to 17 years old.
The size of the contribution to the National Transformation Fund (NTF) 200,000 USD
IDENTITY CHECK 5000 USD
APPLICATION FEE 3000 USD
CITIZENSHIP APPLICATION PROCESSING FEE 1500 USD
PASSPORT FEE 200 USD
VOIDING FEE 19 USD
Investments in real estate
For a family of 4 with two children up to 17 years old
INVESTMENT IN REAL ESTATE 220,000 USD
GOVERNMENT TAX FOR A FAMILY OF 4 50,000 USD
IDENTITY CHECK 5000 USD
FAMILY APPLICATION FEE (1500 USD per person)
CITIZENSHIP APPLICATION PROCESSING FEE 1500 USD
PASSPORT FEE 200 USD
VOIDING FEE 19 USD
VAT WHEN OPENING AN ESCROW ACCOUNT 1950 USD
Advantages of Grenada as a jurisdiction:
Dual citizenship is allowed in this jurisdiction – no need to refuse the first to obtain a passport in Grenada;
The procedure for obtaining citizenship is related to compliance with the minimum requirements - it is not necessary to confirm language proficiency, education, experience, qualification, as well as stay in the jurisdiction for a certain period of time;
To obtain a passport under special programs, it is not necessary to come to the island - checks and approvals are provided remotely;
Relatively inexpensive procedure to obtain;
Confidentiality of the document submission and review process;
Country Passport opens barrier-free access (no visa required) to 115+ countries, including European;
There are no wealth/income and inheritance taxes here – the jurisdiction creates comfortable conditions for attracting foreign investment;
The country is a member of the British Commonwealth – this automatically adds to the benefits provided in the jurisdiction those benefits existing in the British Commonwealth.
Program Terms
To obtain Grenada citizenship by investment for yourself and your family, you need to select the appropriate option:
Make a non-refundable contribution to the Grenada National Transformation Fund of at least USD 200,000. For a family of more than 4, you need to deposit an additional USD 25,000 for each additional family member. For the avoidance of doubt, the installment amount is not a loan in nature and is not repayable in the future under any circumstances. The amount is sent to the fund irrevocably.
Investing in real estate - the minimum amount to be deposited is 350,000 USD.
To get dual citizenship in Grenada, you also need to pay a processing fee (USD 1500), registration fee (USD 1500), due diligence (USD 5000).
The procedure includes the following stages:
Collection of information and documents. The duration of the document collection stage depends solely on the speed of collection of information and documents by the applicant, as well as their transmission to an authorized agent. Among other things, the following information is required to be collected:
The three names of the applicant, as well as of his family members;
Citizenship information, including passport details;
Data on place of birth and marital status;
Education and employment information;
Languages;
Information about the place of residence;
Contact details.
The country provides several options for obtaining residency in Grenada in 2024:
You can get a residence permit in Grenada by buying real estate. The easiest option to obtain a residence permit in the region is to acquire real estate in the area worth at least 1,000,000 dirhams (about 250,000 US dollars). In this case, the owner of the property can rent it. Conditions for purchasing real estate vary by region. The lawyers of "Smart Startup UK" are ready to advise you on the available options and the possibilities for their implementation.
In Grenada, a residence permit for the purchase of real estate is issued on the basis of the following documents:
1. Original and copy of passport;
2. Real estate purchase contract;
3. Certificate confirming the applicant's state of health;
4. Proof of health insurance and life insurance;
5. Police clearance certificate;
6. A bank statement that guarantees the applicant's income;
7. Three passport size photographs.
It is also necessary to provide a declaration with answers to the intended questions, for example, whether the applicant is detained.
The submission of an application for citizenship in accordance with the chosen investment option.
Issuance of passports upon successful completion of the procedure.
General requirements for Grenada citizenship applicant:
Age – from 18 years;
No criminal record;
Availability of confirmation of the legal origin of the funds;
Passing checks (due diligence);
Good health.
From going through the formalities to receiving passports, 2-5 months pass.
Investments in the resort area - easy and fast obtaining a passport
Grenada's construction and tourism industries are growing rapidly. Attractive and promising resorts, such as Mount Cinnamon Resort, are managed by international hotel companies, are being built quickly and offer opportunities to profit from tourism development. In addition, applicants will be qualified for local authority if they invest in a boutique hotel or part of a complex.
After paying USD 220,000 (including government fees), the applicant and his family receive Grenada passports. No dividends are granted during the procedure. To get a passport, you must also pay a state fee (USD 50,000), procedural fee (USD 5,000), registration fee (USD 1,500), due diligence (USD 5,000). Among the advantages of investing funds should be noted:
Possibility of reselling the property four years after the acquisition without negative consequences for the status;
For the first three years after the completion of construction, the owner is exempt from property tax;
Government fees are included in the total.
Smart Startup UK lawyers are ready to advise you in more detail on how to obtain a citizenship permit in Grenada - which option will be most acceptable to you and the easiest to implement. Our lawyers will also calculate how much a residence permit in Grenada costs, taking into account all the specifics of your case.
Provide information for detailed advice and suggestions.
