Citizenship by Investment – Introduction
Grenada - Citizenship by Investment
Citizenship is a status that an individual enjoys with a nation. The country promises protection and certain levels of freedom to the citizen while the citizen fulfills certain responsibilities and duties towards the nation. Getting a citizenship status is considered one of the most privileged forms of nationality.
People who are born in a country become citizens by birth. Citizenship by naturalization is the process of moving to another country, living there for a specific period, and acquiring citizenship. Citizenship by investment is another program that allows you to enjoy dual citizenship for life by investing in the country.
This will open a plethora of opportunities to high-net-worth investors. Choosing the right country to get your second citizenship will improve your personal and financial security, open up economic conveniences, help optimize tax expenses, and make you globally mobile.
Some people opt to become citizens of another nation through investment to build communal relationships, enjoy better tolerance, experience a healthier way of living, and provide better health and education to the family.
Only a few countries globally have citizenship by investment programs, and VLinks Group will help you identify the right country that will welcome you with open arms as an investor.
Grenada
Bordering the Caribbean Sea to the east and the Atlantic Ocean to the west, this lovely nation is called the Spice Island, thanks to the various spice plantations here. Grenada is a part of the commonwealth realm and enjoys peaceful relations with global countries.
Why opt for Grenada citizenship?
- Lifelong citizenship
Grenada offers life-long citizenship status to everyone who avails the citizenship by investment option. They can live and work in the country and enjoy all rights as native Grenadians.
- Free to hold dual citizenships
Grenada allows its citizens to hold dual citizenship without any restrictions.
- Minimum requirement barriers
Grenada does not look for educational, language, or management experience in people applying for citizenship.
- No visa restrictions to more than 115 countries
If you have a Grenada passport, you can travel without visa restrictions to more than 115 countries, including Singapore, Hong Kong, and most countries in Europe.
Investment Options
There are two investment options under which you can opt for citizenship status.
National Transformation Fund (NTF) contributionThe NTF is a government fund that finances major projects, contributing to the country's economy. Applicants must contribute at least USD 200,000 to the fund. Here is a detailed list of the cost and fees of the NTF contribution.
| NTF contribution | Individual applicant | Applicant + spouse | Applicant + 3 family members | Applicant + more than 3 family members |
|
Main contribution |
USD 150,000 |
USD 200,000 |
USD 200,000 |
USD 200,000 And USD 25,000 per additional dependent after 3rd dependent |
|
Application Fee (per person) |
USD 1500 |
USD 1500 |
USD 1500 |
USD 1500 |
|
Due Diligence Fee (per person) |
USD 5000 |
USD 5000 |
USD 5000 (only for children aged 16 and above) |
|
|
Processing Fee (per person) |
USD 1500 |
USD 1500 |
USD 1500 – Individuals aged 18 and above USD 500 – For individuals less than 18 |
USD 1500 – Individuals aged 18 and above USD 500 – For individuals less than 18 |
Individuals must invest in an approved project and hold the property for at least five years to get their citizenship status. There are two options to pick from here.
Real estate option 1| Real estate contribution | Individual applicant | Individual applicant + Spouse | Applicant + 3 family members | Applicant + more than 3 family members |
| Main contribution |
USD 350,000 |
USD 350,000 |
USD 350,000 |
USD 350,000 |
| Government Fee |
USD 50,000 |
USD 50,000 |
USD 50,000 |
USD 50,000 and USD 25,000 per additional person after the 3rd dependent |
| Application Fee (per person) |
USD 1,500 |
USD 1,500 |
USD 1,500 |
USD 1,500 |
| Due Diligence Fee (per person) |
USD 5,000 |
USD 5000 |
USD 5000 (only for individuals aged 17 - 25) |
|
| Processing Fee (per person) |
USD 1,500 |
USD 1,500 |
USD 1500 – Individuals aged 18 and above USD 500 – For individuals less than 18 |
USD 1500 – Individuals aged 18 and above USD 500 – For individuals less than 18 |
Real Estate Option 2
| REAL ESTATE OPTION 2 | Individual applicant | Individual applicant + Spouse | Applicant + 3 family members | Applicant + more than 3 family members |
| Required Contribution Amount for Section 11 ( for each share in the unit) |
USD 220,000 |
USD 220,000 |
USD 220,000 |
USD 220,000 |
| Government Contribution |
USD 50,000 |
USD 50,000 |
USD 50,000 |
USD 50,000 + USD 25,000 for each additional dependent. |
Application process
- Start by contacting VLinks Group and explaining your interest in receiving citizenship by investment from Grenada.
- Submit the right documents and filled-out application form and fix a date for a medical examination.
- We will verify the details and submit the forms to the Citizenship by Investment department.
- The applications are checked, verified, and approved or rejected.
- Once your application is approved, you will have to make the right contribution.
- After receiving proof of payment, you will receive your certificate of registration for citizenship.
Processing time
Most applications are processed within 90 days of submitting them. The processing time may change with individual cases.