‘Spice Isle’ of the Caribbean – Grenada has become a favorable investment destination since August 2013 when it re-launched the Grenada citizenship by investment program allowing foreign nationals to obtain the second passport from Grenada in exchange of investments. Investors can apply for an economic citizenship of Grenada through services provided by a Government Authorized Marketing agent.
Foreigners can attain Grenadian citizenship and second passport by applying for the Grenada’s citizenship by investment program, but only through the licensed authorized Agent. They must be at least 18 years old, without criminal records and enjoy a good health.
Applicants have to make a qualified investment either in the form of donation to the special fund, or buying a real estate, which is approved by the government and pass the Due Diligence checks. Family members can be included in the application. Citizenship is granted for the life-time and can be inherited by further generations.
Providing false information or being convicted in criminal activities may be the reason for annulling the citizenship and the alternate passport of the investor might be revoked. Persons in a sanctioned-lists or with entry restrictions, or visa denial in the European Union, the United Kingdom, the U.S.A. or Canada are not welcomed. Grenadian nationals are entitled to apply for the E-2 Investor visa in the USA and travel visa free to over 150 countries worldwide, including the EU, the UK, Russia, China, etc.
Benefits
- Visa-free access to 144 countries, including EU, UK, Russia, China, etc.
- No residency requirement before or after the application.
- No language tests and interviews.
- Irrevocable citizenship a family passed to further generations.
- Access to alternative International financial services.
- Tax optimization and business friendly environment.
- Dual citizenship is allowed.
- Possibility to attain an E-2 Investor Visa in the USA.
Investment Options
Applicable Fees
Due diligence for all applicant aged 17 and above USD 5,000 Application fee per applicant USD 1,500 Processing fee per person aged 18 and over USD 1,500 Processing fee per person below 18 USD 500 Oath of allegiance fee per person aged 18 and over USD 20 Passport application fee per applicant USD 250 Permanent residence card per applicant USD 1,000
Step 1
Bayat legal Services’ compliance team will conduct an internal due diligence.
Qualification assessment, KYC and background security check.
Step 2
Study the application, sign the retainer agreement, prepare tailor made list of documents and application preparation.
Step 3
Submission, file review, due diligence process
Step 4
Final decision, Comfort letter issuance and contribution payment.
Step 5
Naturalization certificates and passports issuance.