Grenada is one of the most popular citizenship by investment program in the world. Are you considering applying?
Grenada is one of the most popular citizenship by investment programs in the world. This article aims to answer 12 common questions about the Grenada Citizenship by Investment Programme.
Where is Grenada?
Grenada is a sovereign tri-island nation located in the Eastern Caribbean Sea, part of the Lesser Antilles chain of islands. It is easily accessible from the US, Canada, and Europe.
Why Grenada as a Second Passport?
Grenada operates a reputable Citizenship by Investment Programme with a solid reputation and a robust due diligence process. A Grenadian passport grants access to over 140 countries without visas, including the UK, the EU, and Mainland China.
How to Obtain Grenadian Citizenship?
Applicants can choose between a contribution to the economy of at least USD150,000 or an investment of at least USD220,000 in a government-approved real estate project. (View the program)
About Grenada, as a Country
Grenada is also called the Spice Island of the Caribbean, offering unspoiled beauty and well-known aromatic spices and organic chocolate. It is a safe place to live and lies outside the main hurricane belt.
The Disadvantages of a Grenada Passport
All citizenship-by-investment programs come with a cost in addition to the investment amount. The main benefit of those CIPs is the citizenship and passport acquired through the investment, not the other way around.
Six Senses Investment
Investing in the new Six Senses La Sagesse Grenada is a qualifying investment under the CIP. The investment entitles investors to dividends estimated at 2-5% per annum paid in USD.
Other Benefits of Investing in Grenada
Investors are entitled to a 7-night complimentary stay each year at the Park Hyatt St. Kitts or Kempinski Dominica during the resort’s construction.
The Total Outlay for the Six Senses Investment Option
The total investment required for Grenadian citizenship will depend on the family composition. The outlay for a single applicant is around USD325,000, and for a family of four, it’s around USD346,000.
Can You Sell Your Investment?
Investors must hold the investment for at least five years, after which they may sell their investment. For lifestyle investors, there is no holding period.
The Process of Obtaining Grenadian Citizenship
Applicants must undergo several due diligence checks, provide documentation, and make an initial deposit. Once approved, the government of Grenada will issue the passports.
How Long Does it Take to Become a Citizen of Grenada?
The application process typically takes 2-4 months, but it may take up to 8 months in some cases.
Payment for the Investment in Grenada
Investors pay the investment amount in two stages: at the time of submitting the application and after the application’s approval.
Documentation Required for Grenada Citizenship
Personal and professional documentation, including passports, birth certificates, police clearance, reference letters, bank statements, and source of funds documents, is required to apply for Grenadian citizenship.
Unique Features of Grenada Citizenship
Grenada is one of the few passports worldwide that grant visa-free access to the UK, all EU countries, Russia, and Mainland China. It is also the only Caribbean CIP nation that is a USA E-2 treaty country.
Conclusion: Grenada Citizenship by Investment Programme
Grenada’s Citizenship by Investment Programme offers a reputable and robust due diligence process, visa-free access to many countries worldwide, and a safe and beautiful place to live. Investing in the Six Senses La Sagesse Grenada is an excellent option for those seeking Grenadian citizenship.
HARVEY LAW GROUP
Mr. Samuel Harvey – LL.L.