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UGLOBAL IMMIGRATION MAGAZINE
Grenada is also a treaty country with the U.S. that allows
citizens to be eligible to apply for the non-immigrant E-2 visa.
This is on the basis that they will be making a substantial
investment in a U.S. business, will maintain the business and
endeavor for it to be successful.
Applications are processed in under five months and children
up to age 30 may be included in the application without the
need to be enrolled in full-time education — the only Caribbean
CBI without such a requirement. Parents and Grandparents
over 55 may also be included in the application and do not
need to demonstrate that they are financially dependent on the
principal applicant. Grenada has also recently announced that
siblings of the main applicant and/or spouse can be included
on the application as a dependent, on the condition that they
are not married and do not have any children.
REQUIREMENTS/INVESTMENT OPTIONS
The Grenada citizenship-by-investment program requires
an applicant to make a financial investment in return
for citizenship. The applicant and his/her family are
subject to strict government due-diligence checks. To
qualify for citizenship, the main applicant must be over
18 years of age, meet the due-diligence requirements
and select one of the following two investment options: a
$150,000 non-refundable donation to Grenada’s National
Transformation Fund; or a $220,000 minimum purchase
of an approved business or property from an approved
government real estate project.
The property must be retained for a minimum of five years.
There is an additional flat government fee of $50,000
for the main applicant and up to three dependents. Any
additional dependents will be $25,000 each. The property