The Grenada Citizenship by Investment Programme – Overview

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Grenada

  • Grenada is located at the southern end of the Caribbean chain of Islands known as the Windward Islands
  • Idyllic climate with year-round cool ocean breezes and a mean temperature of 29° Celsius
  • Located outside the hurricane belt
  • Grenada is a Safe, unspoilt tourism destination and the people are warm and friendly 
  • Grenada has a strong economy and the tourism industry recently registered record growth
  • Home to St. George’s University, one of the world’s largest American accredited medical schools
  • Convenient travel with daily direct flights from a number of major cities

Grenada CBI benefits: 

  • Citizenships are processed fast – approximately 150 days
  • Government citizenship fees for families are low – for a family of four, the main Government fee is just US$50,000 plus minor government due diligence and processing fees
  • No interview, education, language test or management experience is required
  • No residency requirements and dual citizenship is permitted
  • Grenadian citizenship offers visa free travel to more than 140 countries including China, Russia, the Schengen States, UK and Singapore
  • Grenada has source-based taxation: tax residents are not subject to Grenadian tax on their worldwide income, wealth, gift, inheritance or capital gains
  • unmarried dependent siblings of the Principal Applicant and his/her spouse can be included, as well as unmarried children under the age of 30 and dependent parents & grandparents under the age of 55
  • Ability to sell after 5 years and secondary purchasers of Real Estate can qualify for CBI
  • New citizens who take up residence, after one year can benefit from up to 90% discount for undergrad courses at St. George’s University
  • Grenada is an E-2 visa treaty country with the USA

Grenada CBI Application process

STEP 1 – APPLICANT APPOINTS AGENT

Agent assists the Applicant in preparing the application form and supporting documents for the submission to the CBI Unit (CIU) in Grenada.

STEP 2 – COMPLETE OFFICIAL FORMS

Applicant prepares CBI Application with IMA’s guidance.

STEP 3 – EXECUTE PSA & MAKE INITIAL PAYMENTS

If Section 11, Applicant or Investor signs Purchase & Sale Agreement (PSA) and pays the deposit. Applicant then wires deposit and initial fees to Agent.

STEP 4 – SUBMISSION TO CBI & PROCESSING

Agent vets CBI application, submits to CBI unit (CIU) and liaises with CIU on any queries. Approximately 90 day processing by CIU. No Applicant interview required.

STEP 5 – CIU DECISION

CIU makes recommendation on application to Cabinet who decides. CIU advises Agent who advises Applicant of outcome.

STEP 6 – GOVERNMENT FEES & PROPERTY PURCHASE

On approval, Applicant pays balance of government fees and property purchase price to Agent. Oath of Allegiance taken.

STEP 7 – CERTIFICATE OF REGISTRATION & PASSPORT

Approximately 30 days after receipt of funds CIU issues certificate of registration and passports.

USA E-2 Investor Visa

The E-2 investor visa allows a successful applicant to enter and work in the USA based on an investment they control there. The investment must be “substantial” with no set minimum. E-2 investor visas are available only to citizens of certain countries that have a bilateral investor visa treaty with the USA

  • Grenada is the only country in the Caribbean that has an active CBI programme and whose citizens are eligible for the USA E-2 Investor Visa
  • If granted, the visa is valid for 5 years, and can be renewed without limit, provided that the underlying investment still qualifies
  • Application directly at a US consulate
  • Spouse of E-2 applicant has open market employment opportunity
  • Children (under the age of 21) of E-2 applicant can attend school in the USA and are eligible for in-state tuition, in most states
  • Processing time for E-2 visa is usually two months or less
  • E-2 applicant and family members can spend as much or as little time in the US as they wish
  • E-2 visa holders can reside in the US while their permanent residence (EB-5) applications are pending
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