Grenada Citizenship by Investment

All foreign nationals who together with their families wish to obtain citizenship and make a donation or invest in real estate in Grenada are considered eligible for the acquisition of citizenship by investment, as long as they meet the requirements.

A Grenada Golden Visa is one of the most desirable visas for investors, as it comes with the following benefits:

• Citizenship applications are processed quickly
• Government citizenship fees for families are low.
• No residency requirements
• Dual citizenship
• Grenada is taxed based on origin (tax residents are not subject to Grenadian tax).
• Siblings over the age of 18 of the Applicant and spouse even if not married can be included, as well as dependent unmarried children
• under the age of 30, parents and dependent grandparents.
• New citizens, after one year can benefit from a discount of up to 90% on undergraduate courses at St George’s University.
• Approved applicants can live and operate a business in the USA.
• Grenada has a good economic outlook and is a safe place to invest.
• It is a member country of the Commonwealth of Nations.
• Grenada is an exotic country with a good climate.
• The country has a well connected airport

First of all to begin the process of applying for your visa for investment in Grenada you must meet a series of requirements that are demanded by the island of Grenada which are:

• The investor must be of legal age
• Must demonstrate that you have sufficient funds to make the required investment, and prove the legal origin of these funds.
• The principal applicant and his dependents must not suffer from contagious diseases.
• Must not have a criminal record.
• Must not be considered a potential national security risk.
• Not have been refused a visa to a country where Grenadian nationals can enter without a visa.
• The principal applicant and his or her dependents must not suffer from contagious diseases and/or serious health problems
• Not be involved in any activity that may bring Grenada into disrepute.

To qualify for the Grenada Golden Visa you must make one of the following investments:

Investment In A Grenada Government Approved Real Estate Project.

The investor must make a minimum investment of US 350,000 in a real estate project approved by the Government of Grenada, this amount includes the entire family(regardless of the number of members).

Documents required:

• Identity card
• Certified copy of passport
• Medical certificate
• Original or certified copy of Birth Certificate
• Original criminal record certificate
• Bank reference letter
• Six passport size photos
• Statement of source of funds
• Certificate of Authenticity
• Affidavit of support for dependents
• Real estate purchase and sale agreement
• Proof of payment of non-refundable processing and due diligence fees.

Donation to the Grenada National Transformation Fund

A non-refundable contribution of US 150,000 must be made to the National Transformation Fund (NTF) by the investor, US 200,000 for a family of 2 to 4 members and finally for each additional dependent family member an extra contribution of US 25,000.

Documents required:

• Certified copy of identity card
• Certified copy of passport
• Medical certificate
• Original or certified copy of Marriage certificate
• Original or Certified Copy of Birth Certificate (if applicable)
• Original criminal record certificate
• Bank Reference Letter (less than 6 months)
• Six passport size photos
• Statement of source of funds
• Certificate of Authenticity
• Affidavit of Dependent Support Affidavit
• Confirmation of Investment / Escrow Agreement
• Proof of payment of non-refundable processing and due diligence fees)
• Process for applying for the Grenada Golden Visa
• Request an appointment on the official website. Waiting time for appointments between 1 and 3 weeks.
• Legalization of all documents. The time will depend on the amount of documents to be legalized, but in general the process is very fast.
• Attending the appointment and submitting the documents. The appointment usually lasts about 30 minutes.
• Opening a bank account in Granada. This process will depend on the bank.
• Application for citizenship. It can last between 30 minutes and one hour.
• Evaluation of documents.
• Receipt of approval letter.
• Citizenship approval. Duration between 4 to 5 months.

First to start with the preparation of your application for the Golden Visa you must make one of the two required investments either the real estate investment or the donation to the government.

Next, you will need to provide the necessary documentation to apply for and acquire citizenship by investment in Grenada, on the other hand you do not need to have another visa to apply.

The Grenada investment visa is valid for up to 5 years and can be renewed without limit, as long as the underlying investment continues to qualify.

Undoubtedly buying a house or home in Grenada is a great investment. Because in addition to the benefits of having the citizenship of Grenada, you will get a property in a city that has spectacular islands, waterfall landscapes, and beautiful architecture, for these reasons and many more.

Grenada is an excellent choice to make an investment in a property especially for those who wish to make good and profitable investments.

The law of residence by real estate investment in Grenada dictates that citizens of other countries who make an investment in real estate can apply for citizenship, as long as they comply with all the requirements.

For this they must have sufficient financial resources, be over 18 years of age, have no criminal record and clearly meet the payment requirements imposed by the government.

The real estate market in Granada is very active and you will find countless options depending on what you are looking for. You will see that in the market there will be from small and comfortable apartments to beautiful luxurious houses.

Among the best and most popular places to live are: Albaicín ,Centro, Realejo ,Palacio de Deportes, Camino de Ronda-Rosaleda and of course Saint George the capital where you will find expat communities.

Real estate market price ranges:

• Apartments: From 75.000 € to 225.000 €.
• Houses : From 150.000 € to 500.000 €.