What is the Citizenship Program for Grenada?
Grenada Government created an investment program by promulgating the Law No. 15 of 2013 - otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013, on August 2013.
What are the conditions of application for the Citizenship Program?
Investors may apply for the Citizenship Program under below conditions;
- a non-refundable minimum donation of $200,000 USD to Grenada Island Transformation Fund or minimum real estate purchase of $350,000 USD
- the applicant and his/her family members shall have a clean personal background, shall be in good health and of character.
How long does the process take?
Application process for Citizenship Program takes approximately 3 to 6 months.
What are the advantages of this Program?
Key advantages of this citizenship program are;
- There is no physical residence requirement
- The applicant and his/her family may receive full citizenship
- Dual citizenship is accepted
- Visa free travel to 100 countries including Schengen Area. Among these countries China is also included, where it may be actually difficult to obtain visa from.
Ketenci&Ketenci is a leading international law firm advising on global citizenship. Please contact us for further details and queries on Grenada Citizenship program.
FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO GRENADA CITIZENSHIP BY INVESTMENT PROGRAMME
Why choose Grenada?
Firstly, Grenada is very hospitable, tolerant and welcoming to all foreigners so you will never feel like a stranger in this country. Grenada allows dual & multiple citizenships and via applying this programme, applicants can hold exactly same rights with any other Grenada citizen.
Are there any vaccine requirements to go to Grenada?
Unfortunately, there are some vaccine requirements like hepatitis A, hepatitis B, typhoid, yellow fever, rabies, meningitis, polio, measles, mumps and rubella (MMR), Tdap (tetanus, diphtheria and pertussis), chickenpox, shingles, pneumonia and influenza.
Do I have to travel to Grenada to start the Citizenship procedures?
It is not obligated to travel to Dominica because there is no interview requirement, applicants can follow the whole procedure where they are.
What are the visa-free travel opportunities for citizens of Dominica?
Holders of the Grenada’s passport enjoy visa-free travel to over 115 countries including the entire European Union, the UK, Singapore, Hong Kong and China.
Is Grenada considered as a tax haven for investors?
Definitely! Grenada is a kind of country which collects quite low amounts of tax from investors who are eager to acquire Grenadian citizenship by Investment. State authorities of Grenada does not request any wealth, inheritance, gift or capital gains tax from its citizens, as well as foreign income being completely tax-exempt. Grenada offers a trustworthy taxation system within its breathtaking Caribbean atmosphere.
Is it possible for different investors to apply for Grenadian Citizenship based on a single property?
Yes, this is possible. Minimal real estate investment for main applicants is required to be at least USD 400.000, therefore two or more citizenship applicants are able to make real estate investments together, so long as each main applicant provides investments equivalent to at least above stated amount into a property via assistance of an authorized agent.
Is Grenadian Citizenship by Investment Program regulated with an official legislation?
Surely. Grenadian Citizenship by Investment programme is regulated with the Grenadian CBI Act, which is also known as Act No. 15 of 2013, due to the fact that it has come into effect in August, 2013. This Law provides information in depth and is one of the main instruments for understanding Grenadian CBI programme.
Do you offer Approved Properties for Grenadian Citizenship Application?
Yes. We offer approved projects, work closely together with luxurious Hotels in Grenada in which you can purchase a share of the ownership and then apply to Grenada Citizenship by investment program.
Is Grenadian Citizenship acquired/valid for life?
Yes, once the citizenship is acquired, it becomes a permanent citizenship for life.
Can we change our names after obtaining citizenships?
Yes, after the citizenship is acquired, you may apply to change your name additionally. However, a Deed Poll from the birth country shall be submitted as well as the name change justification.
Do the applicants have to reside in Grenada for a certain period of time at any stage of the application?
There is no residence requirement before or after acquiring the Grenadian citizenship.
How many family members can apply for citizenship along with the Main Applicant?
Spouses and dependent children up to 30 years can be included within the same application. However, the minimum amount of donation, USD $150,000, covers only the main applicant. In order to apply with a spouse, the amount becomes USD $200,000. For a family up to 4, the amount does not change but for each additional family members, the applicant shall donate USD $25,000.
Is there any language requirement to apply for Grenadian Citizenship?
No, neither there is a language requirement nor an interview, business experience or educational requirements for the citizenship application.
Once Grenadian Citizenship is acquired, in the case that the applicant will not stay in Grenada, what will be main applicant’s tax liabilities in Grenada?
Global incomes are not subject to taxation in Grenada.