Grenada Citizenship by Investment

Grenada, one of the most well-known island countries situated in the West Indies region is known for its beautiful beaches, lush tropical vegetation and most importantly the amount of spices grown across the island. Grenada’s main source of income is its crop exports like cocoa, citrus fruits, cinnamon, nutmegs & more., In order to boost the economic growth of the country, the government of Grenada has come up with various ideas and one such idea is the Grenada Citizenship by Investment Program.

What is Grenada Citizenship by Investment Program?

The Grenadian Government during the year 2013 relaunched their Citizenship by Investment Program by keeping families as their top priority. The government’s restructured the program in every possible way to make it one of the most efficient Citizenship by Investment program.

Qualification & Investment Options Under the Grenada Citizenship BY Investment Program: -

To immigrate under the Grenada Citizenship, an applicant has to meet certain basic qualifications:

  • The applicant should have no criminal record on his/her name.
  • The applicant should be a person of high net worth.
  • The applicant should be in good health condition and be free from any critical health issues.
  • The applicant should be having a good character.

Investment Options

The applicant has two options that would allow him/her to become a citizen of Grenada. Below listed are the two options:

  • The National Transformation Fund (NTF)
  • Real Estate Investment

Real Estate Investment

The applicant wishing to immigrate to Grenada under the Grenada Citizenship by Investment program should purchase one of the government’sss approved projects within Canada. The applicant will have to purchase hotels, resorts or villas for a minimum of USD 350,000 and maintain the same for a period of three years.

The National Transformation Fund (NTF): -

The Grenada government in order to help grow the country’s economy came up with the National Transformation Fund plan. The National Transformation Fund helps in growth of the Grenadian economy by supporting projects and helps in the diversification of the economy. The applicant investing through the NTF should make a one-time contribution of USD 200,000 and the application fee for the primary applicant would be USD 1500.

Reasons Why You Should Choose Grenada Citizenship by Investment Program: -

The Grenadian Government has made sure that the Grenada Citizenship by Investment Program provides a lot of benefits to individuals who opt for the program. Below mentioned are the reasons why you should choose Grenada Citizenship by Investment Program:

  • The processing time would be completed within an approximate of four months.
  • The primary applicant can include dependent children who are aged under 25 and dependant parents above the age 65.
  • The applicant need not have to fulfil any physical residency requirements.
  • No previous business experience or interview is required to be met by the applicant.
  • An individual on becoming a Grenadian Citizen can operate a substantial business in the regions of the U.S and the government imposes no tax on the same (worldwide income).
  • The individual can travel without a visa to an approximate of 127 countries.

The country of Grenada has a long history filled with national heritage, making the country’s culture extremely vibrant. Grenada could be the perfect place for you to settle if you are looking for a life both adventurous & relaxing. For further assistance on Grenada Citizenship by Investment Program, get in touch with our team of experts.