Getting Grenada citizenship by investment is an intelligent way to gain access to a second passport without the hassle of a lengthy process. With this passport, you can travel to 153 countries without going through the process of obtaining a visa.
Easy application process
Obtaining Grenada citizenship by investment program is a fast process that offers many benefits. Grenada citizens are exempt from income tax, royalties, and dividends from other countries. They can access China and Russia visa-free. In addition, Grenada offers a second passport to the primary applicant’s family.
To be eligible for Grenada citizenship by investment, applicants must invest at least $350,000 in real estate in Grenada. This investment must be held for at least five years. Applicants may also choose to invest in real estate with a group of related family members. For a family of four, the minimum investment is USD 200,000. Applicants must also complete a non-refundable donation of $150,000 to the National Transformation Fund (NTF).
Grenadian citizenship by investment is available to all nationalities. Citizens are eligible to travel to more than 120 countries visa-free. Those with a Grenadian passport are also eligible for E-2 non-immigrant visas to the United States. Applicants are also exempt from capital gains tax and inheritance tax.
The first step to Grenada citizenship by investment is to complete the application form. The form can be found on the Grenada government’s website. The paper will need to include a certified copy of your birth certificate, a certified copy of your marriage certificate, a certified copy of your name change, and photos of you and your family.
The Grenada government will also require you to complete a background check. Then, the Grenada Citizenship by Investment Committee (CBIC) will review your application. The process will take about six months to complete. You must respond promptly to questions that are asked. The CBIC will reject false statements and incomplete applications.
After your application is approved, you will receive paperwork to help you land in Grenada as a citizen. You must also take the Oath of Allegiance and pay outstanding fees. Once you have paid these fees, your passport should be ready within a few weeks.
Visa-free access to 153 countries
Obtaining citizenship by investment in Grenada is a fast and affordable way to become a global citizen. The country’s citizenship program offers benefits such as tax exemptions for international businesses and visa-free access to over 140 countries.
Grenada is an island nation in the West Indies. It has a strong tourism industry and a stable government. In addition, it is the only Caribbean country with a bilateral treaty with the United States. As a result, Grenadian citizens can obtain an E-2 investor visa to live and work in the US.
Citizenship by investment in Grenada is open to both primary and secondary applicants. In addition, the program offers a second passport for the principal applicant’s family members. Applicants must be of good character and have a high net worth. The government performs due diligence and background checks.
Citizenship by investment in Grenada takes about four months to process:
- First, the applicant must provide documents and proof of funds.
- Then, the CBIC reviews the application and determines the applicant’s eligibility.
- Finally, a letter of approval will be issued if the applicant is accepted.
The letter will include information on the investment made in Grenada.
The program is offered to qualified investors wishing to obtain a second passport and visa-free access to over 140 countries. Applicants are required to invest in a government-approved real estate project. The investment should be between $150,000 and $220,000. After five years, the investor is entitled to recoup their investment. The projected rental income is 3 to 5 percent through a transparent revenue-sharing model.
In addition to visa-free access to 140 countries, holders of Grenada’s passport enjoy a 100% tax exemption on worldwide income and capital gains. They also want a wealth protection program.
The Grenadian Citizenship by Investment program has several advantages over neighboring Caribbean countries. The Grenada government conducts rigorous background checks and conducts due diligence on applicants. Applicants are also required to have no criminal record.
Ease of getting a second passport
Getting a Grenada citizenship by investment program is relatively easy, but it requires some effort. This program allows qualified individuals to become citizens of Grenada, thereby removing tax burdens and allowing them to enjoy the benefits of a second passport.
The program is designed to provide investors with various benefits, including visa-free travel, tax reduction opportunities, and an excellent opportunity for international business. The program is also known to be one of the fastest to get a second passport.
In the past, the Grenada citizenship by investment program was suspended in the wake of the 9/11 terrorist attacks in 2001. However, in August 2013, the program was revamped to keep it relevant. As a result, the program has received a lot of interest from high-net-worth individuals, and more and more investors are looking to gain second citizenship in Grenada.
While the program is not as complex as some other citizenship by-investment schemes, there are some key components that you should know about. Among them, the simplest way to get a second passport is to make a charitable donation.