Grenada Citizenship by Investment Program
For the first time ,with an free of only $220,000 you can qualify to receive Grenada citizenship for a family of four.
Apart from your ability to travel to over 120 countries without a visa ,you can also apply for a multiple-entry (5 years) Canada visa.
For assessment and more information please fill out the Eligibility form.
Grenada is an island country, consisting of itself and six smaller islands at the southern end of the Grenadines in the south eastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines.
Grenada, known as the ‘Spice Isle’, an exporter of cinnamon, cloves, ginger, coco, nutmeg, and fruit, is one of the most beautiful and lush islands in the West Indies. Unspoilt and exotic, Grenada’s Dramatic scenery, tropical rain forests, waterfalls and golden beaches will appeal to visitors from around the world.
Grenada is a member of the United Nations, the British Commonwealth, Caricom and the Organisation of American States (OAS) among many other international organisations. Holders of the Grenada passport enjoy visa free travel to approximately 120 countries, including the U.K., and the countries of the Schengen area, China, Hong Kong, Singapore and most of South America. Grenada further enjoys an E2 investor treaty with the United States allowing for application of E2 visas for qualified citizens.
The Citizenship by Investment Committee (CBIC) was established by the Honourable Prime Minister of Grenada and is the Government authority responsible for processing all applications for Agent’s Licenses, and all applications for Citizenship by Investment by applicants and their family.
Grenada Citizenship – Benefits
- Citizenship Certificate and Passport issued normally issued 60 business days after application
- Investment securely made upon approval less reservation deposit
- Visa Free travel to over 118 countries including the UK, Schengen states, Hong Kong, Singapore, and China
- Possibility to obtain E2 investor visa or 10 year multiple entry visa to the United States
- No educational or language requirement
- Lifetime citizenship
- Dual citizenship allowed
- Citizenship for dependant family members such as Spouse, Children up to 25 years old and parents
- Beautiful Island to reside and vacation in
- Growing economic market
- Generous tax regime, no taxation on wealth, inheritance, foreign income or capital gains
Grenada Sustainable Aquaculture Investment & Citizenship Application Process
Overall investment, Application and Government Fees, will be as follows:
|3,000 Preferred 5 year redeemable shares (developer buy-back option)
|Government Contribution Family of 1-4
|Government Contribution beyond 4 family members
||US$ 25,000.00 per additional family member
|Due Diligence Fee
||US$ 5,000.00 Main Applicant
US$ 5,000.00 Spouse
US$ 0.00 Child 0-11
US$ 2,000.00 Child 12-17
US$ 5,000.00 Child 18-25
US$ 5,000.00 Parent
|Application Processing Fee
||US$ 1,500.00 per adult Applicant
US$ 500.00 Child below 18
||US$ 1,500.00 Per Applicant
||US$ 250.00 Per Passport
|Sample Government Cost Family of 3
One Child aged 12-17
(US$ 50,000.00) + (5,000.00 x 2) + (2,000.00 x 1) + (1,500.00 x 2) + (500.00 x 1) + (1,500.00 x 3) + (250.00 x 3)
|Total Cost Family of 3
US$ 300,000.00 returned after 5 years
Above table is non-inclusive of marketing agent and legal fees. For a personal quote please contact your designated service provider.
Step 1 – Reservation
The Applicant submits passport copy of main applicant together with KYC form for preparation of Share Purchase and Escrow Agreement.
Step 2 – Application Forms and Full Document submission
The Applicant submits completed application forms and full supporting documents (see document checklist) to local agent / escrow agent through marketing agent.
20% of total application cost including investment, due diligence fees, application and processing fees, marketing agent fee are deposited with local agent / escrow agent who submits the application for citizenship by investment to the Grenada Citizenship by Investment Committee (the “CBIC”) for processing who issued application receipt and file number.
Step 3 – Approval, Issuance of Shares, Extraction of Certificate(s) of Citizenship and Passport(s)
After approximately 60 business days of issuance of file number by the CBIC, subject to satisfactory due diligence checks, the CBIC will issue an approval letter and proceed to extract Certificate(s) of Citizenship from the office of the Prime Minister, the applicant makes payment of the 80% balance of into escrow. Grenada Sustainable Aquaculture Limited. issues and deposits with the escrow agent 3,000 Preferred Redeemable Shares in the name of the main applicant. Upon issuance of Certificate(s) of Citizenship and a Share Certificate, the escrow agent releases the investment funds to Grenada Sustainable Aquaculture Limited an due government fees to the CBIC, upon which escrow closes.
Based on Certificate(s) of Citizenship, passport(s) are issued by the local passport office.
Step 4 – Redemption of shares
Upon the wish of the investor, the full investment value can be recouped after a 5 year holding period, by giving written notice to Grenada Sustainable Aquaculture Limited. c/o Wilkinson Chambers, 106 & 107 Lucas St, Saint George’s, Grenada, W.I., to repurchase all shares held at US$300,000.00. The investor has the option to remain a shareholder in this profitable business, enjoying a minimum of 6% annual dividends, starting between years 3-4. Aspen Assurance Company Ltd. has been further contracted to assure the investor of the repurchase of shares after the 5 year period, providing maximum investor security.