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Grenada is a very unusual, beautiful country in which everything is available for recreation. Wild exotic nature, sandy silk beaches, picturesque architecture of the colonial era await you here. Grenada is an ideal place for anyone who wants a change of scenery. And the country also offers to obtain citizenship under a simplified scheme for investments.
Residency in Grenada gives the owner a variety of advantages. The procedure is quite fast, to obtain citizenship of Grenada possible in 6-8 months, if applied with a migration lawyer. You can find an executor for registration of investments in Grenada on the iworld marketplace.
The basis of the country's economy is the service sector, which accounts for more than 70% of the total GDP. Grenada is also the world's largest exporter of nutmeg. The system of government is based on parliamentary representative democracy. Grenada is now a member of the Commonwealth of Nations, the United Nations, the OSCE, and CARICOM.
The essence of the citizenship by investment program
In an effort to attract as much foreign investment as possible, Grenada first launched a simplified citizenship program in 1997. But the law officially entered into force in 2013. Since then, it has changed many times. Current rules allow citizenship to be issued within six months or even earlier. Compared to offers from other countries, this is the fastest and most profitable.
Requirements for the applicant
To obtain citizenship of Grenada, the applicant must meet the following requirements:
- no criminal record;
- age 18 years and older;
- mandatory verification of the degree of reliability;
- confirmed source of income;
- good health.
Together with the main applicant, his dependents can receive citizenship. The list includes children under the age of 30, parents over the age of 55, official spouses, brothers and sisters under the age of 18, provided that they are not officially married and have no children.
Terms of consideration
The citizenship-by-investment program is fast and simple, provided there is sufficient capital. It will suit wealthy people who want to do business around the world, travel without restrictions. A Grenada passport will be useful to anyone who plans to put their current tax obligations in order.
The duration of each stage of the procedure:
- 1 month – verification of the applicant with dependents, preparation of documents, reservation of the property, payment of services and fees.
- 2-3 months – submission of application to CBIC. The applicant's past is studied, reliability is analyzed more deeply (by independent international services).
- 4-5 months - making a charitable contribution through an agent or by investing in a building.
- 6 months – payment of the remaining fees for issuing citizenship certificates and passports.
Ways of investing
You can buy real estate in the country - its price should be from 220 thousand. US dollars. There is an option with the National Development Fund, the amount is from 150 thousand. dollars, depends on the number of dependents in the applicant's family.
What you get
Absence of language requirements, issuance of permanent residence according to a simplified scheme, removal of the need to pay income tax. Citizens of Grenada can study and work in the USA on an E-2 visa (with the rights of local residents). Second citizenship is allowed in the country.
