Grenada Citizenship by Investment GRENADA Grenada is the most southerly of the Windward Islands in the Caribbean, and is a tiny point on most world maps with an area of only 133 square miles with a population of around 100,000 is one of the most beautiful and lush islands in the West Indies, sometimes referred to as the Spice Isle due to the vast locally grown spices. The Island has a great deal to offer its visitors in terms of hiking, sailing, diving and exploring, some of its stunning white sand beaches and unspoilt landscapes. Grenada is still quickly moving its way in to the tourist destinations but still remains lesser known than some of the other Caribbean Isles allowing many of this enchanted islands beaches to remain unspoilt. Grenada offers a stable political environment and tax advantages for the business investor. As a member of the Commonwealth, Grenada also opens up a number of educational opportunities, making it the ideal place for you and your family. CITIZENSHIP BY INVESTMENT PROGRAMME The Citizenship by Investment Programme was established in August 2013 under the Grenada Citizenship by Investment Act, 2013. The stated objective of the Act is to enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada. Applicants may only make two types of investments to obtain citizenship or permanent residence: 1. They must make a payment into the National Transformation Fund; or 2. They must make a payment towards an approved project in Grenada The National Transformation Fund (NTF) 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.
Applicants opting for the NTF route must contribute at least USD 200,000 for a family of as well as some additional fees set out below. Approved Project in Grenada (Real Estate) One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. Grenada is rapidly becoming a tourist hotspot due to the islands majestic beauty, with this growth comes a rising demand for tourist accommodation. Real estate developments are thus fantastic opportunities for investors looking for high returns. Applicants opting for the real estate option should invest at least USD 350,000. They must keep the real estate for at least three years following the grant of citizenship. Fees Application Fees $1,500 per person Due Diligence Fee $5,000 per person 18+ $2,000 per 16-17 $0 for 0-15 Processing Fee $1,500 per 18+ $500-18 For Real Estate Option you will need to also include $50,000 Government fees for a family up to 4 members and $25,000 per additional dependant after the 3 rd dependant BENEFITS Individuals who choose to apply for citizenship under Grenada s Citizenship by Investment Programme may take advantage of the following: - Obtaining the 39 th strongest passport in the world - Fastest turnaround from application to citizenship in approximately 60-90 days. - No requirement to reside in Grenada before or after citizenship is granted - The application process is highly confidential - Dual citizenship is recognised and no need to renounce current citizenship - Social and political security, reinforced by its membership in the UN and the Commonwealth - No foreign income, wealth, gift, inheritance, or capital gains tax. There is no restriction on the repatriation of profits and imported capital.
- Visa free travel to more than 120 counties including UK Singapore, Schengen, Hong Kong and Grenada is one of very few nations whose citizens can travel to the People s Republic of China without first obtaining a visa. (see below for list) - Eligible to operate a business and reside in the United States under the E-2 VISA program. PROCESS AND COST STEP 1 Client signs the KCS retainer agreement and pays the initial 50% of the retainer fees (this varies on the size of the family application). Providing we believe you have a strong case we will provide you with the application documents along worth all the support and guidance in collecting the relevant documents for the process STEP 2 Choosing the real estate we have real estate professionals who are able to guide you through the process of choosing the best project suited to your needs STEP 3 Once the file is ready we will obtain an initial approval Client is required to pay the remaining retainer fees along with the due diligence fees and if going down the real estate option a down payment on the property will also be required and will transferred into the lawyers Escrow (normally 10% but can vary depending on developer) The file is then sent to Greneda for processing STEP 3 (8-12 weeks) Upon completion of the background checks the Government of Greneda will provide a letter of approval The client will then be required to make the final payment of all remaining fees For the real estate option the remaining balance of the property purchase price is transferred into the Escrow Account or directly to the developer if property is fully built to complete on the property purchase and obtain the Citizenship Certificate. STEP 4 STEP 5 (12-16 weeks) Once the fees are received the Government will issue a certificate of registration of naturalization (COR), this COR will be used to apply to the home office the passport application. Passport Received
Visa Free Travel Citizens of Grenada may travel visa free to the countries provided in the list below Anguilla Cook Islands Hong Kong Mauritius Slovakia Antigua and Barbuda Costa Rica Hungary Micronesia Slovenia Argentina Cuba Iceland Montserrat Solomon Islands Armenia Curacao Iran Mongolia South Korea Aruba Czech Republic Ireland Mozambique South Africa Austria Denmark Isle of Man Nauru Spain Bahamas Djibouti Israel Nepal Sri Lanka Bahrain Dominica Italy Netherlands Suriname Bangladesh Dominican Republic Jamaica Netherlands Antilles Swaziland Barbados Ecuador Jersey Nicaragua Sweden Belgium Egypt Jordan Niue Switzerland Belize Estonia Kenya Norway Tanzania Bermuda Falkland Islands Kiribati Palau Timor-Leste Bolivia Federated States of Micronesia Kosovo Panama Togo Botswana Fiji Laos Peru Trinidad and Tobago Brazil Finland Latvia Philippines Turkey British Virgin Islands France Lesotho Pitcairn Islands Burundi Gambia Lithuania Poland Tuvalu Turks and Caicos Islands Cambodia Germany Luxembourg Portugal Uganda Cape Verde Gibraltar Macau Cayman Islands Grenada Madagascar Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis United Kingdom Vanuatu
Central African Republic Greece Malawi Saint Lucia Venezuela Chad Guinea Bissau Malaysia Saint Vincent and the Grenadines Vietnam Chile Guadeloupe Maldives Samoa Virgin Islands China Guernsey Malta Seychelles Zambia Colombia Haiti Martinique Singapore Zimbabwe