Grenada offers one of the world’s most attractive official Citizenship by investment programmes, not least because it is the only programme that provides investors access to a United States E-2 investor visa. This route to US residency is possible because Grenada is the only country in the world that has both a bilateral investment treaty with the USA, and an active CBI programme.
Grenada is a beautiful country consisting of seven islands in the Caribbean, of which it is the largest. Famous for its post-card natural beauty, pristine beaches, breathtaking waterfalls and tropical landscapes – it’s no surprise that tourism is one of the country’s top industries.
A peaceful and politically stable state, Grenada is home to thousands of expatriates and second passport holders. It attracts High Net Worth Individuals (HNWI) due to its excellent financial system with many international banks. Grenada is also home to several top international universities. Grenada launched its Citizenship by Investment Program in 2013 under the regulations of the Grenada Citizenship by Investment Act.
Key features & benefits
- Government: Grenada is an economically, legally and socially stable country that is part of the Commonwealth, with a democracy based on the British Parliamentary system.
- Citizenship Inheritance: Irrevocable citizenship passed down to future generations.
- Dependants: The programme can include your spouse, any children under 30, parents over 55, grandparents and unmarried siblings in a single application
- Visa Free Travel: Visa free travel to 144 countries including the UK, EU, Commonwealth, China, Hong Kong, Singapore, Russia and many others
- USA E-2 Investor Visa: Grenada is the only Caribbean country with a treaty with the USA, resulting in eligibility for the US E2 non-immigrant visa.
- Taxation: Grenadian residents enjoy various tax benefits, including: no capital gains tax, inheritance tax, income tax or wealth tax on worldwide income or assets. The individual income tax rate is 10% on the first XCD 24,000 (US$8,800) and 28% on income exceeding XCD 24 000.
- Easy application process: There is no need to travel to Grenada to obtain the residency. From beginning to end, the whole application can be done remotely in as little as four months.
Cost and application
Citizenship requires a donation of a minimum of $150,000 to the National Transformation Fund (NTF). This rises to $200,000 for a family of up to four members. An extra donation of $25,000 is required for each additional dependant.
By real estate investment
Independent investment in a government approved real estate project at a minimum value of $220,000, which must be held onto for a minimum of five years. Government approved projects are often tied to tourism, as an example the Kawana Bay Resort is currently popular.
There is an additional government fee of $50,000 for up to a family of four. There is an extra government fee of $25,000 for each additional dependant.
The right of Grenadian citizens to apply for the E-2 Investors is one of the most attractive features of this programme.
Successful applicants must invest in and own a minimum of 50% of an active business in the US. On approval they can enter and work in the US to manage their investment. If granted, the E-2 Investor Visa is valid for five years and can be renewed as many times as you like, provided the underlying investment still qualifies.
Processing times are fast and E-2 investor visas are usually issued within 60 days of applying. This means that successful applicants can enter and be living in the US in next to no time.
A successful application means your spouse can also enter and work anywhere in the US. Your children under the age of 21 can go to public or private schools in the US and, in many states, are eligible for in-state university tuition.
You and your family members can spend as much or as little time in the US as you wish and you can choose whether or not to become a US taxpayer, by deciding how many days you reside in the US.
If you are interested in residency and a passport for Grenada, the United States or other desirable countries please contact Michele directly at [email protected] or call direct on +971 50 618 6463.