Citizen Grenada Citizen Grenada | Page 12

The Grenada Citizenship by Investment Programme REAL ESTATE OPTION Main Family of four Single + family Applicant Applicant Spouse members Family over four family members Required Contribution Amount USD USD 350,000 350,000 USD 350,000 USD 350,000 USD 50,000 USD 50,000 plus USD 25,000 per additional dependants after the thrid dependant Government USD Fee 50,000 USD 50,000 Application Fee USD 1,500 USD 1,500 USD 1,500 per person per person Due Diligence Fee USD 5,000 USD 5,000 per person *Dependent child 0-16 nil *Dependent child 15- 25 USD 5,000 Processing Fee USD 1,500 USD 1,500 per person USD 1,500 per personaged 18 and over, USD 500 for persons under 18 USD 1,500 per person USD 1,500 per personaged 18 and over, USD 500 for persons under 18 Please refer to your Authorised Local Agent for more information on the approved projects route and the criteria that applicants must fulfil. • Minimal processing fees. One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Currently, these projects encompass real estate developments such as hotels, villas, and resorts. Because of the growth of the tourism industry, there is rising demand for tourist housing facilities. Real estate developments are thus fantastic opportunities for investors looking for high returns. • No interview, education, or management experience required. Applicants opting for the approved project (real estate) route must invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship. The following chart highlights the costs and fees associated with this route. Under both the NTF route and the approved project (real estate) route, the contribution or investment must be accompanied by application, due diligence, processing, and, in the case of approved projects only, government fees should also be included. BENEFITS OF CHOOSING GRENADA’S CITIZENSHIP BY INVESTMENT PROGRAMME Individuals who choose to apply for citizenship under Grenada’s Citizenship by Investment Programme may take advantage of the following: 12 • Fastest turnaround from application to citizenship in approximately 60 days. • No requirement to reside in Grenada before or after citizenship is granted. • Well-known, stable and established investment environment. The application process is confidential, with no disclosure or exchange of information with other governments or bodies, except when due diligence checks are carried out as part of the application process. These checks are performed by an authorised due diligence agency. BENEFITS OF GRENADIAN CITIZENSHIP Individuals who obtain citizenship through Grenada’s Citizenship by Investment Programme are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada at all times. Moreover, because Grenada is a member of the Caribbean Community (CARICOM), Grenadian citizens have the right to live in any other CARICOM member state. Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. Children and Citizen Grenada Citizen Grenada 13