Grenada
Grenada initiated its citizenship by investment program in 2013 with the aim of bolstering its economy. In exchange, foreign investors are granted permanent legal citizenship and a second passport within a timeframe of 4 to 6 months. Significantly, Grenada boasts strong diplomatic ties with both the United States and China, setting it apart as the only Caribbean citizenship by investment program that grants visa-free entry to China. Furthermore, Grenada holds an E-2 investor visa treaty with the US, enabling Grenada passport holders to pursue employment opportunities in the United States.
Our dedicated team at Sparco Investment comprises seasoned experts proficient in facilitating individuals and their families in acquiring citizenship in Grenada. Possessing a Grenada passport provides seamless travel opportunities, tax advantages, and even access to residency in the United States. With our assistance, applicants can obtain their Grenada passports in a matter of months, guided through every step of the process for a seamless experience.
Qualifying for Grenada Citizenship:
To be eligible for Grenada citizenship, applicants must meet the following criteria
- Age Requirement: The main applicant must be at least 18 years old at the time of application.
- Clean Criminal Record: Applicants must possess a clean criminal record, free from any criminal convictions.
- Source of Funds: Applicants must provide evidence of the legitimate source of funds for their investment.
- Dependents: The program extends eligibility to dependent children under the age of 30, dependent parents or grandparents, and unmarried dependent siblings.
Due Diligence Checks: All applicants are subject to thorough due diligence checks as part of the approval process.
Benefits of Grenada Citizenship by Investment
The Grenada Citizenship by Investment Program offers a multitude of benefits, distinguishing itself as a highly sought-after pathway to international citizenship. Here are some of the key advantages:
- Visa-Free Travel
Grenada passport holders enjoy visa-free access to 146 countries worldwide, streamlining travel experiences and eliminating the hassle of navigating complex visa application processes. This access is particularly advantageous for individuals hailing from countries with stringent visa requirements.
- Business Expansion
Ownership of a Grenada passport facilitates business expansion and international commerce. Companies registered in Grenada, with a passport-holding owner, benefit from reduced taxes and exemption from currency control restrictions when conducting global business operations. This favorable business environment fosters growth and prosperity for entrepreneurs and corporations alike.
- E-2 Visa
One of the most coveted benefits of holding a Grenada passport is eligibility for an E-2 visa for the United States. Unlike other Citizenship by Investment programs that grant travel visas to the U.S., the E-2 visa permits holders to work and reside in the United States. This unparalleled opportunity opens doors for business ventures and career advancement in one of the world's largest economies.
Tax Reduction
- Grenada citizens enjoy a host of tax benefits, including exemption from global income taxes, dividends, interest, royalties, inheritance tax, capital gains tax, income tax, and stamp duty.
Why Grenada?
Nestled in the heart of the Caribbean, Grenada beckons with its unspoiled charm and serene ambiance. Boasting a population of just 110,000, this small island nation remains relatively untouched by mass tourism and external influences. Life on the island unfolds at a leisurely pace, offering a refreshing escape from the hustle and bustle of modernity.
Despite its tranquil atmosphere, Grenada is a treasure trove of natural wonders and cultural delights. Pristine beaches, vibrant coral reefs teeming with marine life, and lush landscapes adorned with fragrant spice plantations await exploration. Dive into crystal-clear waters for unforgettable snorkeling adventures or savor the flavors of freshly harvested produce that tantalize the taste buds.
The Grenada Citizenship Program offers a range of unique advantages, setting it apart as a premier choice for those seeking international citizenship. Here are some key highlights:
- Sibling Sponsorship: Grenada’s citizenship program allows siblings to be sponsored in the same application.
- No Language Test or Residency Requirement.
- Voting Rights and Property Ownership.
- Extensive Visa-Free Access to over 144 countries.
- Inheritance and Dual Citizenship.
- E2 Investor Visa Treaty with the US.
- Tax Advantages: Grenada imposes no taxes on non-residents.
Applying for and Obtaining a Grenada Passport
Attention: Sparco Investment is an esteemed international marketing agent authorized by the Citizenship by Investment Unit to promote and facilitate comprehensive services for the Grenada Citizenship by Investment program.
Our proficient team at Sparco Investment is committed to guiding you through every step of the application process, ensuring a seamless and efficient experience.
Document Preparation:
Our specialized team will collaborate with you to gather, translate, and notarize all requisite documents, meticulously ensuring compliance with Grenada government regulations.
Submission and Due Diligence
Once all necessary documents are compiled, they will be submitted, along with the required due diligence and application fees, to the government of Grenada. Subsequently, thorough due diligence checks will be conducted as part of the assessment process.
Initial Approval
Upon securing initial approval, the Grenada government will issue a formal letter with the final decision.
Investment
Following the receipt of the letter, you will proceed to make the investment as per the program option you have selected.
Certificate of Registration:
Upon completion of the investment, you will be granted a Certificate of Registration, officially conferring citizenship of Grenada upon you.
Investment Options and Associated Fees
The Grenada Citizenship by Investment Program offers two primary investment options, each with its own set of associated fees and requirements. These options provide investors with the opportunity to obtain Grenadian citizenship for themselves and their families.
Option 1: Contribution to the National Transformation Fund Investment: $235,000 and above
This option involves a non-refundable contribution to the National Transformation Fund, starting at $235,000 for a single investor. A spouse and up to two children can be included on the application for an additional $235,000.
USD 25,000/50,000 per additional dependant after the third dependant, additional sibling USD 75,000
Additional contributions are required for each dependent child and parent, as well as siblings.
Option 2: Real Estate Purchase Investment: $270,000 / $350,000 and above
Investors can purchase shares in approved real estate projects to obtain citizenship, with a minimum investment of $270,000 for individual applicants. Government fees of $50,000 apply for a family of four, with additional fees for each dependent. Due diligence fees are also $5,000 per person aged 17 or older. Unlike the contribution option, real estate investments can be sold after five years, potentially recouping the initial investment.