Grenada Citizenship By Investment 2021

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Once the purchase contract has been signed and the full amount of investment has been transferred to an escrow account controlled by an on-island attorney, the investor may apply for citizenship. One of the options available to applicants seeking to obtain citizenship by investment in Grenada is to invest in a Government-approved project. As of July 2018, Grenadian citizens had visa-free travel or visa on arrival access to 141 countries and territories, ranking the Grenadian passport 31st in terms of travel freedom according to the Henley Passport Index. In fact, this is the only Caribbean citizenship by investment country which has visa-free access to China. Over 100 countries in the world have some form of investment immigration legislation in place.

Anyone with an Indian parent, grandparent or great grandparent is eligible. This makes the OCI program very popular in countries with large Indian diaspora communities like the United Kingdom, the United States and Canada. In most other aspects Overseas Citizens of India are treated much the same as Non Resident Indians , Indian citizens who reside outside of India for at least 182 days per year.

Why Grenada?

The Permanent Residence by Investment Program requires that the applicants’ transfer USD $200,000 to the National Transformation Fund set up by the Government of Grenada. Following the transfer, the investor should then visit an embassy of Grenada or a consulate within a period of six months and then reside in Grenada for two weeks before acquiring his citizenship. With Grenada passports, the investors will enjoy visa-free travel to many countries across the globe.

The minimum amount includes the main applicant, main applicant’s spouse and two qualifying dependents. Note that where an application includes an eligible parent not exceeding the age of fifty-five years, an additional contribution of USD 50,000 will be required to be made with the post-approval contribution. Where an application includes an eligible sibling, an additional contribution of USD 75,000 will be required to be made with the post-approval contribution.

How Long Does Due Diligence Take When I Apply For Grenada Citizenship By Investment?

For companies, the terms are different, but still beneficial compared to many other countries. The applicant’s spouse, children, parents and siblings are also eligible to participate in the program. Investors do not need to take exams in the language or work permit turkey history of Grenada. They are also not required to visit the country at any stage of the program. Grenada passports is ranking at 35th in terms of travel freedom, it allows visa-free travel to 143 countries, including the Schengen zone, UK, and China.

The government has worked hard to process applications as fast as they can by introducing the pre-check step in the application process. It’s not the fastest CBI in the world, but it sure is one of law firm istanbul the quickest in the Caribbean region. The investor visa to the United States is accessible to all Grenadian citizens, making Grenada the only CBI program in the Caribbean to have this feature.

Specialized Services Provided In Grenada:

Our Solution Advisers advice, collect and prepare required documentation and application. My enquiry relates to Immigration By Investment programs from $100,000 investment. Real estate tax is from 0% – 0.5% depending upon the usage of the property. In 2019, a total of application submissions were 373 which increases to 394 in 2020. This clearly shows how people who already got citizenship of Grenada are having a life that attracts more people around the world. The entire resort enjoys a 180 degree westward-facing seascape that guarantees spectacular sunsets every evening.
Grenada citizenship
We understand your needs and assist you in selecting the Turkish resident permit investment product that is right for you and your family, through one on one consultation and discussion. Uniquely, Tandem only works with the Grenada program, this gives our clients our impartial ,undivided attention and knowledge. We are familiar with all aspects of both the Section 10 ‘National Transformational Fund’ and the Section 11 ‘Investment Option’ and offer our clients impartial and honest citizenship advice. Anguilla, British Caribbean, is a regulated offshore jurisdiction for company management, trusts and estate planning, foundations, captive insurance and mutual funds.

Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax. There is no restriction on the repatriation of profits and imported capital Grenada’s currency, the East Caribbean dollar , is pegged to the United States dollar . This visa allows Grenadian citizens to apply for aGreen Card, start a business and live in the United States, with the possibility of obtaining American Citizenship after 5 years. After 3-4 months, approval letter is given by Government and within 7 days you are required to pay the balance for real estate and government fees. Grenada passport is ranked 39th best passport in the world with visa free travel to 121 countries according to 2016 visa restrictions index. Grenada passport is the only country in the caribbean which has visa free travel to China.

To that end, it cut the cost of theItalian residency-by-investment visain half for certain types of investment. It has also fully reopened theElective Residency Visaafter some consulates stopped accepting applications because of Covid. Elective Residency, which is our most popular Italian visa, allows a person to obtain Italian residency if they can prove a regular income of at least €32,000 / year among other conditions. The U.S. border has been closed to the citizens of select countries with high rates of Covid-19.

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You can obtain a second passport throughcitizenship by investmentin the Caribbean as it offers programs that require affordable investment, such as St. Lucia or Antigua & Barbuda citizenship by investment. The real estate project must be from the list approved by the Government. Other fees include application fee , due diligence fee , and processing fee . Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country. Citizenship by investment programs legally confer citizenship status faster than traditional immigration processes and do so without requiring investors to put their lives on hold. There are many reasons to invest in a second citizenship, from personal safety to increased global mobility.

But, when combined with your E-2 investment, you quickly surpass the annual limit. The extra step can seem like a hassle, but we have helped clients through this prcoess and it is simpler than it sounds. Spouses of the primary applicant can apply for a separate US work permit, investment requirements are relatively low, and the visa can be renewed forever – provided the business is still in good operation.

Your Guide To Acquiring Grenada Citizenship Via Investment

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship or permanent residence. The freedom to travel offered by a second passport can open up new avenues for growth for eagle-eyed business personnel. Grenada is a part of E-2 Visa program which allows the Grenadian citizens to move to the USA through a simplified procedure . Grenada is known as “the Spice Island” for the fragrant nutmeg, cinnamon, cloves, vanilla, and cocoa that flourish in its fertile volcanic soil. The economy of Grenada is largely tourism-based – over the past two decades, the main thrust of Grenada’s economy has shifted from agriculture to services, with tourism serving as the main foreign currency-earning sector. Unless you are lucky enough to be a part of the “bloodline club”, then there are two other primary ways of acquiring second citizenship quickly.

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