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Grenada is also known as the ‘Spice Island of the Caribbean.’ It is a colourful nation with tropical scenery and a warm climate. In addition to sandy beaches, spectacular waterfalls, and abundant spices, Grenada offers a high standard of living, with festive and sports events throughout the year.
Diving, sailing, excellent restaurants, and many other water sporting activities offered in Grenada make it a most sought after destination for high-net-worth investors. The country offers a wide variety of activities and sports to indulge in.
The Grenada citizenship by investment program was launched in 2013. The program rules are provided in the Grenada Citizenship by Investment Act No. 15/2013. Investors don’t take language proficiency tests or history exams to get citizenship. They don’t have to come to Grenada at any step of obtaining citizenship or after it. An investor’s spouse, children, parents and siblings can get passports under the program.
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BENEFITS
Visa free travel to over 120 countries, including the Schengen zone, Brazil and China.
Beautiful setting of white-sand beaches and lush rainforests.
Access to incredible diving, sailing and cuisine and other sporting activities.
Inspirational and culturally rich society.
No tax on worldwide income.
Dual citizenship is allowed.
Excellent education benefits for children.
The right to apply for a US E-2 visa as a citizen of a qualifying treaty country.
Investment Options
1. Real Estate Investment
Applicants must invest a minimum of US$350,000, which must be maintained for a minimum of four years. The minimum amount includes the main applicant, main applicant’s spouse and two qualifying dependents. An extra US$25,000 is required for each additional dependent.
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.
2. National Transformation Fund Donation
Applicants may donate a minimum of US$150,000 to Grenada’s National Transformation Fund. The minimum amount covers the main applicant only. For a family of up-to four people, the requirement is set at US$200,000. An extra donation of US$25,000 is required for each additional dependent.
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.
QUALIFYING REQUIREMENTS
Be of good character.
Have no criminal record.
Pass a detailed background check.
Be able to provide proof of source of funds.
Be healthy.
(+91) 08 291 917 182
(+91) 07 940 390 434
info@myglobalcitizenship.com
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Disclaimer –
The Immigration by Investment programs are offered by My Global Citizenship™. The above timeline is an estimate provided for information purpose only based on experiences with past clients. Processing time and costs will vary depending on a number of factors. My Global Citizenship™ is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis.
Please talk to our Consultants for the most up-to-date information.
Fees charged by My Global Citizenship™ is excluding the government and legal entity fees. For residency and citizenship separate fees have to be paid to government at each stage. These fees depend on the number of applicants and the complexity of the process.
For Advisory fees charged by My Global Citizenship™ and exact quote based on your family combination, please contact us.
My Global Citizenship™ is a top immigration consultancy firm in India. We provide immigration guidance in second citizenship programs .
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