Citizen Grenada Citizen Grenada | Page 10

The Grenada Citizenship by Investment Programme BECOMING A CITIZEN PERSONAL REQUIREMENTS In order to protect its people and Grenada’s international standing, the Government of Grenada will only grant citizenship to individuals who are truly deserving of that honour. Therefore, the Government will deny the application of any applicant who: • Provides false information on his or her application form • Under the NTF route, applicants may either immediately apply for citizenship, or first apply for permanent residence and apply for citizenship at a later stage. • Is considered to be a potential national security risk to Grenada or to any other country THE NATIONAL TRANSFORMATION FUND (NTF) • Has been denied a visa to a country with which Grenada has visa-free travel and who has not subsequently obtained a visa to the country that issued the denial. Moreover, the main applicant must demonstrate that he or she: • Is at least eighteen years old; • Is in good health; and • Has enough funds to make the required investment. The source of these funds must be legal. In order to ensure that the requirements listed above are fully adhered to, the Government of Grenada subjects each applicant to strict due diligence procedures. Moreover, each applicant must supplement his or her application with supporting documents. These include, but are not limited to, original or certified copies of: • A certificate by a medical practitioner, indicating that the main applicant and his or her applying family members are not suffering from any communicable disease and that they are otherwise in good health; and a police certificate. ROUTES TO CITIZENSHIP: CONTRIBUTION OR INVESTMENT In addition to fulfilling the personal requirements listed above, applicants must also choose between two potential routes for citizenship. These are: A contribution to the National Transformation Fund; or An investment in an approved project (real estate) in Grenada. Citizen Grenada • Applicants who choose this route must make a one-time contribution to the NTF. It is important to note that applicants may not contribute to the NTF in person, but must use the services of an Authorised Local Agent. • Has at any time previously been convicted in any country of an offence for which the maximum custodial penalty for the same or similar offence in Grenada is in excess of six months imprisonment (unless he or she received a free pardon); • Is the subject of a criminal investigation • Is involved in any activity likely to cause disrepute to Grenada 10 10 • The National Transformation Fund (NTF is a Government fund responsible for financing projects that will benefit Grenada’s economy and help itsdiversification. • Please refer to your Authorised Local Agent for more information on the NTF route and the criteria that applicants must fulfil. The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent. The NTF finances various projects in Grenada for the benefit of its many industries, including tourism, agriculture, and alternative energy. Having made a donation to the NTF, investors are left with a true sense of having contributed to their new nation’s wellbeing. • Applicants opting for the NTF route must contribute at least USD 200,000 to the Fund. Get Fees Chart from Website here http://www. cbi.gov.gd/national-transformation-fund/ APPROVED PROJECT (REAL ESTATE) IN GRENADA The process of approving a project for the purposes of citizenship by investment begins with the Citizenship by Investment Committee, which reviews viable projects and recommends them to the Minister. The Minister then decides whether to approve the project, and publishes his or her approval in the Gazette. Currently, the vast majority of approved project consists of real estate developments on the island of Grenada. These include luxury hotels, resorts, and villas. Applicants who choose to invest in an approved project must make the investment through an Authorised Local Agent. Investments in real estate must be maintained for at least three years from the date on which citizenship is granted. Appilcation opting for the NFT route must contribute at least USD 200,00 to the Fund. The following chart highlights the costs and fees associated with this route. NTF Donation Single Applicant Main Applicant + Spouse Family of four Family over family four family members members Required Contribution Amount USD 200,000 USD 200,000 USD 200,000 USD 200,000 plus USD 25,000 per additional dependants after the thrid dependant Application Fee USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person USD 5,000 per person *Dependent child 0-16 nil *Dependent child 15-25 USD 5,000 USD 1,500 per person USD 1,500 per USD 1,500 per personaged 18 personaged 18 and and over, USD over, USD 500 for 500 for persons persons under 18 under 18 Due Diligence Fee Processing Fee USD 5,000 USD 1,500 Citizen Grenada 11