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Benefits For Business
For more information, please contact one of our advisors in UAE, Canada or Denmark, and we will do our utmost to guide you through your investment and Grenada Citizenship process. The Caribbean island of Grenada is an English-speaking country, with several local dialectics. It is famous for spice trading business, breathtaking natural beauties and stunning beaches. A $500,000 investment in government bonds with a holding period of at least five years.
Once the file is submitted to the office of the staying permit turkey Committee the due diligence process will begin. This is the longest stage of the Grenada passport application process and may take up to several weeks. Your international marketing agent will have the responsibility of liaisoning with the Grenada government in order to follow up on the file. Access to the United States of America – Grenada citizens are eligible under a treaty with the US to obtain a USA E2 visa. Only a handful of countries around the globe are eligible to apply for an E2 under the E2 treaty. We have meticulously arranged a thoughtfully designed list of all the Citizenship Programs offered by several Caribbean nations for our Clients to compare and curate all the information and let us help to get through the procedures.
Planning Your Success For Grenada
The Grenada passport provides you access to over 140 countries with a visa-free or visa-on-arrival terms. In fact, Grenada is one of only 11 nations whose citizens can travel visa-free to the Republic of China. The Grenada citizenship program has established itself as a major draw for wealthy investors. It has been set up as a vehicle for driving economic growth on the Caribbean island. A Grenada passport allows investors to attain citizenship in a relatively short period of time.
However, this investment, unlike a fund donation, is refundable – you will be able to sell the property in 3 years and get your money back, the same amount or even more. A fund contribution does not only get you a Grenada passport at a reasonable cost, but it also strengthens local economy. The government allocates money from the National Transformation Fund to develop tourism, agriculture and alternative energies. NATRA Coin is an associate fintech company able to transfer the amount invested in the Grenada CBI program from the investor to the developer using the NATRA Coin blockchain payment platform in a safe, secure, and legal manner. Your investment transfer will be securely paid into the bank account of the developer without delay or complications, and our team of specialists will ensure that the transaction is completed effortlessly. The E-2 visa can be obtained within 3 months after Grenada citizenship has been granted, and will allow the holder and his family to reside anywhere in the USA.
Grenada Citizenship By Investment Program Information
If you want improved personal economic opportunity, and you want it swiftly, Grenada’s second citizenship program is an excellent choice. Similar to the Caribbean, you will need to invest in government-approved real estate projects. Currently, there are several approved projects, and we expect the government to keep adding more options. In both cases – donation or real estate investment – you’ll receive a passport that has visa-free access to 131 countries.
In order to maintain citizenship in Grenada, investors must retain ownership of the property for at least four years. Participants in the programme choose one of two options – contribute money to a government fund or invest in a real estate project. The contribution starts at $150,000 and the investment in real estate starts at $220,000. The investment under the second option needs to be kept for the first 5 years of citizenship, during which time it is possible to get a rental return.
We are industry leaders who have been tested and proven by our clients. International Education Opportunities – Grenada is home to one of the best United States offshore universities – St George’s University. It offers medical, veterinary, and arts and sciences training and graduates train in top hospitals in the United States and the United Kingdom.
Residency programmes offer immediate residency following a successful application and full citizenship can usually be applied for after a period of time. General Requirements to Acquire a Secondary Grenada Passport In addition to satisfying the necessary investment criterions, there are some requirements that each applicant must fulfill to gain citizenship from the country. To be fit for citizenship, the primary applicant must be over 18 years of age and meet all application conditions, including being of good character and sound health. For more information about Grenada Citizenship by investment program fees and benefits, Please visit this click here. Aside from offshore hedging, international residence and citizenship planning is top of mind for many locals. Investor visas are available only to citizens of countries that have the E-2 visa treaty with the USA.
If you are looking to expand your business to the US, you can use the L-1 visa to move to the US to oversee the set-up and growth of the new office. The L-1B visa permits you to transfer an employee with “Specialized knowledge” to the US. Where we are seeing the most interest right now from Nigeria is the L-1 Intracompany Transfer Visa. Technically Nigerians were not prevented from applying for this visa as part of the travel ban, but it made the whole process much harder. The travel ban coincided with an increase in the minimum investment amount for EB-5 to $900,000 and then the outbreak of Covid-19.
Grenada is based in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada includes of the island of Grenada itself plus six smaller islands which lie to the north of the main island. It is located near Trinidad and Tobago, Venezuela and Saint Vincent and the Grenadines.
Timeline
Grenada’s Citizenship by Investment program allows individuals and their families to obtain citizenship or permanent residence. Applicants must apply through licensed agents, and may not make submissions to the Government on their own behalf. Along with the basic investment, he or she has to pay the administration charges, fees, paperwork services, and due diligence. The whole cost of the programme depends on the age and composition of the members of the family. A minimum price of $220,000 should be invested in any government-approved real estate project. The cost and fee of obtaining the Grenada citizenship by investment depends upon the type of method you opt, plus other factors like current cost at the time of inquiry.
Agent assists the Applicant in preparing the application form and supporting documents for the submission to the CBI Unit in Grenada. Grenada is home to the best United States offshore university St Georges University. This means that citizens cannot be denied a passport and thus that your passport will be renewed. Only education certificates reflecting the applicants’ highest level of education are required. Grenada is home to the best United States offshore university, St George. Admiring the time and effort you put into your site and in depth information you provide.
Grenada is often termed as a global tax haven since it offers investors a very favorable tax regime. Citizens of Grenada do not pay tax on capital gains, wealth or inheritance. The country also imposes no tax on worldwide/foreign income, making it a very tax-efficient destination for investors looking to settle in Caribbean Islands.
Although the authors were not able to obtain specifics on numbers of E-2 application approvals and denials, it appears that a large majority of the E-2 visa applications for Grenadian CBIs have been approved. The U.S. Embassy confirms that it treats Grenadian CBI applicants as it treats other applicants on a case-by-case basis. Some links or “nexus” with Grenada are an area of inquiry during the interviews. Especially for section 10 applicants, it is important to at least visit Grenada and have a residence address, such as through a lease. Section 11 applicants who own property may be able to get by without appearing in Grenada, although it appears to be best practice to encourage clients to at least visit Grenada before any E-2 visa appointment. In August 2013, the Grenadian Parliament passed Act No. 15 of 2013 (also known as the ‘Grenada Citizenship by Investment Act, 2013’) and with it came into existence the Citizenship by Investment Program.
The E-2 treaty ‘Investor Visa’ signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside there. Many countries in the world including China and India do not have an E-2 treaty with the USA. In such circumstances investors can obtain citizenship of Grenada first and then apply for a USA E2 Visa. Applicants must be of outstanding character, in good health, of high net worth and with no criminal record. There is no requirement to visit for an interview for the Grenada citizenship programme and in fact there is no need to travel to the country to complete the application.
International citizenship and residence advisory firm, Henley & Partners, has been appointed by the Government of Grenada to restructure its citizenship-by-investment program. The mandate of the firm’s Government Advisory Team is to work hand in hand with the Citizenship by Investment Turkish citizenship 250.000 USD Unit and other government officials to revitalize the program. Individuals interested in taking advantage of the limited offer of redeemable shares offered by Ora Caribbean for citizenship investment in Grenada, can do so by contacting the team at My Grenada Solutions.
You will only pay the full investment after your file is approved by government. To start the application process, you have to pay due diligence fee ($7500) plus 50% lawyer fee and the rest after approval. For real estate the funds kept in escrow account and released after approval. USD 150,000 one time contribution to Sustainable Growth Fund USD 200,000 real estate investment . Joint permitted each make $200,000 property investmentOldest and most popular citizenship program. The main applicant and all adult applicants must have been legally resident in Malta, with proof of genuine links to Malta, for a minimum period of 36 months before the application for citizenship can be submitted.
This record of designing, implementing, operating, and positioning citizenship by investment programs on behalf of governments is unique to Henley & Partners. It is an important and distinct advantage that all our clients enjoy. The programs that Henley & Partners offers are considered sufficiently clear in law and processes and have sufficient reputation and transparency to be considered the top tier of citizenship by investment programs.
