January 13, 2024

Grenada Citizenship by Investment Program

Are you intrigued by the idea of obtaining a second passport and unlocking a world of opportunities? If so, the Grenada Citizenship by Investment Program offers an enticing path forward. In this in-depth blog, we will unravel the intricacies of this program, dive deep into its two investment options, explore the numerous benefits it confers, detail the application process, and elucidate how Pelican Migration Consultants can serve as your trusted allies on this remarkable journey.

What is the Grenada Citizenship by Investment Program?

The Grenada Citizenship by Investment Program is a one-of-a-kind opportunity that invites individuals and families to become citizens of Grenada in exchange for a government donation or an investment in the country's approved real estate. Nestled in the Caribbean, Grenada extends a warm welcome to those seeking to join its vibrant community through this program. Now, let's delve into the two distinct types of investments that can pave your way to Grenadian citizenship.

Types of Investment

Option 1: Non-Refundable Donation

To become eligible as a single applicant, a government donation of $150,000 is required. However, for families, the donation structure varies:

  1. A family of two can secure citizenship with a $200,000 donation.
  2. Families with three members also require a $200,000 donation.
  3. For families consisting of four members or a couple with two children, the donation remains at $200,000.
  4. Larger families with five or more members should expect to contribute an additional $25,000 for each dependent.

Option 2: Investment in Approved Real Estate

Grenada presents an array of government-approved real estate options, with investments starting at $220,000. After holding the property for a minimum of five years, you gain the flexibility to sell it without jeopardizing your cherished citizenship. Additionally, secondary buyers of CBI property units can also embark on the journey to Grenadian citizenship, provided they adhere to the applicable regulatory requirements.

Benefits of the Grenada Citizenship by Investment Program

  1. Visa-Free Travel Worldwide: As a Grenadian citizen, you gain unfettered access to 144 countries, including coveted destinations within the European Union and the United Kingdom, making international travel a breeze.
  2. Fast-Track Citizenship: Experience expedited processing, with your passport typically granted within a remarkably swift timeframe of 4 to 8 months.
  3. Affordable Second Passport: Attain alternative citizenship with a relatively low investment starting from just $150,000, ensuring that the doors to new horizons are accessible to many.
  4. Eligibility for the Entire Family: Extend the opportunity of securing a brighter future for your loved ones by including your spouse, children, parents, grandparents, and siblings in your application.
  5. No Residence Requirements: You are not bound by physical residency obligations in Grenada, affording you the flexibility to obtain your Grenadian passport remotely.
  6. Attractive Tax Regime: Grenada presents an appealing tax haven with no levies on income, wealth, or inheritance, allowing you to safeguard and grow your financial resources.
  7. Valid for Life and Transferable: Your Grenadian citizenship is not just a personal achievement; it's a legacy that can be passed down to your descendants, offering enduring security and opportunities.
  8. A Short Route to USA: Grenada's exclusive E-2 visa treaty with the United States opens the doors to applying for a non-immigrant visa, thus enabling you to explore the American dream.
  9. Dual Citizenship: Grenada embraces the concept of dual citizenship, allowing you to maintain your existing ties while embracing new horizons.

How to Apply for Grenada Citizenship

Applying for Grenadian citizenship through the Citizenship by Investment Program involves a carefully structured process designed to ensure both the suitability of applicants and the integrity of the program. Here are the steps to guide you through this transformative journey:

Step 1: Choose Your Investment Option

Before you begin your application, decide whether you will make a non-refundable donation to the government fund or invest in government-approved real estate. Ensure you meet the financial requirements for your chosen option.

Step 2: Engage a Qualified Agent or Advisor

Select a reputable and authorized agent or advisor experienced in Grenada's CBI program. They will assist you in navigating the application process, ensuring compliance with all regulations.

Step 3: Due Diligence and Background Checks

Undergo a thorough due diligence and background check. This process includes verifying your identity, financial history, and criminal record. The Grenadian authorities will rigorously assess your suitability for citizenship.

Step 4: Prepare Required Documents

Gather the necessary documentation, which typically includes:

  1. A completed application form.
  2. Proof of the source of your investment funds.
  3. A birth certificate and passport.
  4. Marriage and divorce certificates (if applicable).
  5. Police clearance certificates from all countries you've lived in.
  6. Medical certificates.

Your appointed agent or advisor will guide you on the specific documents required.

Step 5: Submit Application

Your agent will assist you in preparing and submitting your application to Grenada's Citizenship by Investment Unit (CIU). Ensure that your application is complete and accurate to expedite the review process.

Step 6: Application Review and Approval

The CIU will review your application, conduct further due diligence, and assess your eligibility. This process typically takes several months, with thorough scrutiny to ensure compliance with program regulations.

Step 7: Investment

If you've chosen the real estate option, you will need to invest in government-approved property. Ensure the investment aligns with the program's requirements.

Step 8: Interview

In some cases, the CIU may require an interview with the main applicant. This is a standard part of the due diligence process.

Step 9: Approval and Citizenship Certificate

Upon successful review and approval, you will receive a Letter of Approval in Principle. Once you've fulfilled the financial requirements (donation or real estate investment), you will receive your Grenadian citizenship certificate.

Step 10: Passport Application

Apply for your Grenadian passport through the local passport office. Your new passport will grant you the rights and privileges of a Grenadian citizen.

Step 11: Oath of Allegiance

As a new citizen, you may be required to take an oath of allegiance to Grenada. This ceremony typically takes place at the Grenadian consulate or embassy in your home country.

Step 12: Enjoy Your Grenadian Citizenship

Congratulations! You are now a proud citizen of Grenada with all the benefits and opportunities it offers. Your new passport opens doors to visa-free travel, business ventures, and a bright future for you and your family.

Remember that the assistance of an experienced agent or advisor is crucial throughout this process to ensure a smooth and successful application for Grenadian citizenship.

Pelican Migration Consultants: Your Trusted Partners

Embarking on the journey to secure Grenadian citizenship through the Citizenship by Investment Program is a significant step filled with complexities and nuances. This is where Pelican Migration Consultants, with our wealth of experience and expertise, step in to be your guiding light throughout the entire process.

  1. Expert Guidance: We are seasoned professionals who specialize in Grenada's CBI program. We possess an in-depth understanding of the program's intricacies, legal requirements, and documentation processes. Our expertise ensures that every step of your application is meticulously executed.
  2. Tailored Solutions: Recognizing that each applicant's situation is unique, we provide tailored solutions to meet your specific needs. Whether you're an individual applicant, part of a family, or seeking to navigate complex financial arrangements, we have the knowledge and experience to guide you effectively.
  3. Streamlined Process: The journey to Grenadian citizenship can be daunting, with a multitude of documents to prepare, due diligence checks to undergo, and interviews to attend. We streamline the entire process, ensuring that your application meets all the necessary requirements and is submitted accurately and promptly.
  4. Compliance Assurance: Staying compliant with the program's stringent regulations is paramount. We are well-versed in Grenada's CBI program rules and regulations, guaranteeing that your application adheres to the highest standards of compliance, minimizing the risk of delays or denials.
  5. Peace of Mind: With Pelican Migration Consultants as your trusted partners, you can navigate the intricacies of the application process with confidence and peace of mind. Our commitment to your success and our professional guidance will help you achieve your goal of securing Grenadian citizenship.

Pelican Migration Consultants are more than advisors; as one of the best immigration consultants in Dubai, we are your dedicated partners on the path to obtaining Grenadian citizenship. With Pelican Migration Consultants by your side, your dream of securing a second passport through the Grenada Citizenship by Investment Program is within reach.