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Grenada Citizenship By Investment Program
It is also one of the most flexible second citizenship programs with two investment options and minimal qualification requirements. And this investment must be held for a minimum of 3 years following your Grenadian citizenship being granted. You can bring your wife or spouse, along with your dependant children aged and your children under 18. Acquisition of citizenship under the DSP investment option requires a minimum contribution of US$130,000 for Single applicant additional fees is required if the applicant wish to include more dependents. The property must be held for at least three years and be authorised by the Government of the Commonwealth of Dominica, the real estate must be valued at a minimum of USD $200,000.
Prior to the new USD 220,000 share ownership program most of our clients were exclusively interested in the CBI USD 150,000 donation option. You can obtain an E2 visa regardless of the manner you used to obtain your Grenada passport. We have clients living in the US on an E2 investment visa to prove it.
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The state-owned bank has entered into an agreement with the Bollywood star and his son Abhishek Bachchan, also an actor, to lease 3,150 sq ft in a building close to the family residence, Jalsa, in Juhu. Although there’s a mandatory 5-year investment holding period, post completion of this period, the investor is free to sell his investment share to another person interested in second citizenship. However, the original investor will still continue to maintain his citizenship permanently. Since our founding, our primary goal has been to provide immigration in all over country and universities.
This has created a great influx of cash into the tourism sector and has helped erect world-class projects within the beautiful Caribbean nation, only adding to the touristic allure of the island. The Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act. Making it possible to obtain Grenadian citizenship by investment in only 60 business days. Grenada is one of the very few nations whose citizens do not require a visa to travel to the People’s Republic of China. Furthermore, Grenadian citizens can apply for USA E-2 Visa, which allows them to apply for a Green Card, start a business and live in the United States, making the Grenadian citizenship an extremely attractive choice. Applicants and their dependents are not required to live in Grenada to obtain citizenship, meaning you can apply for and receive secondary passports without having to relocate the entire family or renounce your original nationality.
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Global Citizenship Services is an international marketing agent for the Grenada CBI program. The program allows for family members to apply together, including spouses, children, parents and grandparents of the main applicant. Grenada is a member of the Caribbean Community and the Organization of Eastern Caribbean States, and the country is becoming a top choice of destination for high-net-worth investors seeking a second passport. As part of its strategy to attract foreign direct investment, the Grenadian government is working closely with a select number of businesses related to tourism, agriculture and manufacturing.
This program requires an investment of $350,000 and a $50,000 donation to the Grenadian government. There are presently 15 approved projects by the Grenadian government. Only a few of the projects give the investor title to a property; the remainder give the investor shares of a company that may or may not own real estate. Before approving a project for inclusion in the CBI program, the Grenadian government does due diligence on shareholders and developers and does financial viability screening. It is however up to the investor to do his or her own due diligence on the economic feasibility of the investment. Presently, resales of property do not provide the buyer the ability to obtain CBI, although the Grenadian government is considering changing this policy.
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Please visit the FAQs section on this site and if you have any more questions don’t hesitate to contact us. Also if you wish, we can send you a colored brochure about Grenada citizenship. There is no requirement by the Government of Grenada to visit the country during the application process.
Some of them don’t like it, but we have to protect the name of the country,’ he said. The rules of the Grenada Citizenship by Investment Programme are strict but simple. There is no requirement to reside in Grenada before or after citizenship is granted and there is no tax on worldwide income. Grenada’s key industries of tourism and food exports offer significant investment potential. Davies & Associates has expanded its presence strategically across the island to help our clients navigate these business opportunities.
The naturally wonderful island, dubbed spice island for its abundance of natural spices, is considered one of the major pillars of the CARICOM and Organization of Eastern Caribbean States . The founder of the Silversands project, Nagib Saviris, believes that his concept is a cure for monotonous faceless luxury, against which the life of traveling wealthy people passes. Therefore, the design of the resort and its layout is significantly different from such projects. Interesting that the developer of the resort has many plans for further work on the island, including squares in the Port Louis marina area, and is well aware of the specifics of real estate construction in the Caribbean. Grenada re-introduced its Citizenship by Investment program in 2013 and has developed a premiere, credible and reputable program that protects the value of Grenadian citizenship worldwide. This beautiful island has become a preferred option for discerning clients looking for a valued citizenship that allows world travel flexibility and a safe haven for investments.
Documents for the main applicant and dependents are sent by courier mail. Due Diligence reliability check and determination Turkish work permit of materially dependent family members . There is a gradation in the tariffs, which depends on the age of the applicant.
Under Grenada’s Citizenship by Investment programme, an applicant has to invest $220,000 in a government-approved real estate project. Grenada has an E2 visa treaty with the US, under which a Grenadian can apply for US citizenship and get it within three months. One of the best things about investing in Grenada is the fact it only takes two to three months to become a citizen. This is one of the fastest turnarounds for second citizenship and a second passport of any country that sells citizenship. Consequently, some people casually refer to Grenada CBI as an instant economic citizenship program. In addition to being an almost instant citizenship by investment program, Grenada is also one of the most reputable citizenship through investment programs in existence.
Well for one thing, Turkey and Grenada offer multiple benefits in their own right. But also because people get excited by the E-2 visa, which allows them to move to the United States for the purposes of owning Turkish staying permit and operating a business. The whole process can take as little as nine months if everything runs smoothly. Essentially, you must be a citizen of an E-2 Treaty country in order to qualify for an E-2 visa.
As a result, the government has ceased issuing PR cards and certificates. Updates for an alternative form of national ID will be communicated when received. CCS conducts one-on-one dialogue with clients to answer turkish citizenship questions, clarify elements of the Program as well as determine eligibility. The client and CCS execute an Engagement Letter detailing the services to be provided including a quotation of all fees and costs.
The citizenship acquired under the Grenada Citizenship by Investment program is fully recognized by the Government of Grenada. Grenada is rightly labeled as a tax haven, its lenient tax structure attracting both individuals and corporations alike to its sandy shores. To see how you can benefit from the amazing opportunity that is Grenada, we will be taking you through the basics of the Grenada citizenship by investment program as well as Grenada’s taxation regime. Grenada is a bustling commonwealth nation in the West Indies of the Caribbean.
