Grenada Citizenship - Kalypso Marketing

Grenada-Citizenship

CITIZENSHIP BY INVESTMENT

Citizenship by investment programmes allow credible individuals, with legitimate financial means to fast track their naturalisation in a foreign country. Once naturalised, these “economic citizens” usually acquire lifetime citizenship and the rights and privileges of natural-born citizens.

Since 2013, Grenada’s citizenship by investment programme has been transforming the lives of individuals by increasing their global mobility, improving their wealth management, and providing access to key treaties, such as the US E2 Visa Treaty, CARICOM, and the OECS.

MANAGEMENT AND STRUCTURE

In Grenada, the Citizenship by Investment Programme is governed by the Citizenship by Investment Act, 2013, which places management of the programme under the auspices of the Grenada Citizenship by Investment Unit.

The Unit is directed by the Grenada Citizenship by Investment Committee. This seven-man committee – headed by a chairman – is responsible for overseeing the processing of citizenship and project applications, and reports recommendations to the government minister in charge. All power to approve, delay, or deny applications for citizenship and projects, resides in the hands of the government minister.

Interested in viewing the Grenada Citizenship by Investment Act, 2013? View it here.

BENEFITS OF GRENADA CITIZENSHIP

Grenada’s Citizenship by Investment Programme provides the best value for money for families interested in redesigning their lives and achieving a truly global lifestyle.

INCREASED GLOBAL ACCESS

A Grenada passport allows Grenadians visa-free travel to 149 destination including China, Russia, the Schengen nations, and the UK.

Being a citizen of Grenada also allows Grenadians to live and work in member states of the Organisation of Eastern American States, such as Antigua, Dominica, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.

FIT FOR THE ENTIRE FAMILY

Multi-generational families are allowed to apply for Grenada Citizenship all on one application. Applicants are allowed to include their spouse; independent and unmarried siblings, who are 18 years or older; children under age 30; and parents/grandparents of any age of both the applicant and his/her spouse.

ACCESS THE US

Grenadians are allowed to apply for the US E2 Visa – a visa only accessible to nationals of countries with whom the US has an E2 Treaty. Having an E2 Visa allows Grenadians and their spouses to live and work in the US. It also allows for their children to attend school and qualify for in-state tuition.

BETTER WEALTH PLANNING

Grenada’s currency – the Eastern Caribbean Dollar (XCD) – is a stable currency that has been pegged to the US Dollar at a rate of 2.7 for over 40 years. Added to its currency stability, Grenada has a favourable tax climate with no capital gains, gift, global, inheritance, or wealth taxes. Repatriation of profits and imported capital is not restricted

LIFETIME CITIZENSHIP

The grant of Grenada Citizenship conferred to applicants remains for life and can be inherited by future generations, even if the applicant never resided in Grenada, or sold the property, which he/she acquired during the application process.

RECOVERABLE INVESTMENT

Economic citizens, who obtained Grenada citizenship by purchasing approved real estate, are allowed to sell their property after three years and partially or wholly recover some of the investment cost of the real estate.

NO RESIDENCY REQUIREMENTS

Applicants are never required to travel to Grenada during the application process or visit the island thereafter to maintain their citizenship status.

DUAL CITIZENSHIP ALLOWED

The Government of Grenada does not require applicants to renounce their existing citizenship(s) to acquire Grenada citizenship, neither does it publish the names of its newly naturalised citizens.

QUICK AND SIMPLE PROCESS

Applying for Grenada citizenship is a simple process that takes four to five months to complete. During such time, the applicant is never required to visit the island or reside therein. In Grenada, emphasis is placed on safeguarding the quality of Grenada’s citizenship.

As a result, emphasis is placed on ensuring each individual on an application, who is 17 years or older is subject to strict due diligence protocols. This requirement is the longest component of the citizenship application process.

A full guide to applying for Grenada citizenship is available here.

QUALIFYING FOR GRENADA CITIZENSHIP

The grant of Grenada citizenship is a privilege that is bestowed only to the most deserving of individuals, who meet the mandates set forth by the Government of Grenada. To qualify for citizenship, applicants must be at least 18 years old, have a clean criminal record, be in good health and be financially able to meet the cost of the investment.

In addition to meeting the financial costs of the investment, applicants must also show that their finances were generated from legal sources. To ensure that applicants meet the stated requirements, each application is usually accompanied by a number of supporting documents and is subject to stringent due diligence procedures.

To see if you will potentially qualify for Grenada citizenship, please view our Applicant Eligibility Check List.