Grenada’s citizenship by investment program was launched in 2013. The program rules are provided in the Grenada Citizenship by Investment Act No. 15/2013.
Investors contribute $150,000 to the state fund or buy real estate for at least $220,000 to obtain Grenada citizenship. Real estate investments can be returned in 5 years.
Investors don’t take language proficiency tests or history exams to get citizenship. They don’t have to come to Grenada at any step of obtaining citizenship or after it.
An investor’s spouse, children, parents and siblings can get passports under the program.
- Visa-free travel to the UK, Schengen countries and China
Grenada citizens enter 146 countries without visas, including the UK, the Schengen states, Singapore and Hong Kong. A visa-free stay in China is up to 30 days.
- E-2 business visa to the USA
Grenada citizens can qualify for an E-2 visa to the USA, allowing them to live and work there. Applicants can establish or buy a business in the United States. The minimum investment amount isn’t, but at least $100,000 is usually required. Most foreigners can apply only for an EB-5 visa, which requires at least $800,000 of business investment.
- 10-year US tourists visas
Cosmopolitans with Grenada passports can get a B-1/B-2 tourist visa to the USA. It allows the holder to travel around the country, attend business meetings and get medical treatment in American clinics for up to 180 days a year.
- Registration of a company abroad
Investors often register international companies in Grenada to reduce tax payments and avoid currency control restrictions in transactions with foreign partners. Moreover, it helps protect the investor’s privacy as the personal data of the beneficial owner isn’t entered into the commercial register.
- Tax optimisation
Grenada doesn’t have taxes on global income, dividends, interest or royalties received from other countries. There are no taxes on inheritance, capital gains, income and stamp duty. Companies follow different rules but are still more beneficial in Grenada than in many other countries.
- Non-refundable contribution – $150,000+
- Real estate purchase – $220,000+
The process takes 4-6 months. (obtaining period)
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