investment programme
General

Grenada citizenship by investment: Overview & benefits of the programme

Grenada citizenship by investment programme is a pathway for individuals and their immediate family to obtain legal nationality or residency status in the country. Following a proper code of conduct, applicants must apply through a licensed agent without filing submissions directly to the government agencies.

Legal establishment

The citizenship scheme or programme evolved in August 2013 under the Act No. 15 of 2014 passed by the Grenadian Parliament. Commonly known as “Grenada Citizenship by Investment Act, 2013”, the objective of the programme is enabling individuals to obtain permanent residence and nationality in the country following a defined investment in its economy.

Benefits of choosing the programme

Applicants who chose the programme may take advantage of the following;

– Minimal processing fee as compared to any other citizenship setup
– Fast and legal track to citizenship, approximately in 60 days (maybe more in exceptional cases)
– No such requisite of interview, education or management expertise
– No requirement to live or pre-visit Grenada before citizenship bestowment
– A well-known, stable and globally recognised environment to invest in

The entire application process from start to finish is purely confidential; no disclosure of personal details with any other agency or government body. In case the need arise, due diligence checks are carried out under the application plan, executed only by authorised personnel or due diligence agency.

Advantages of citizenship

The rights bestowed to an individual through citizenship programme are the same as that of born natives. This includes the right to live and work in Grenada as well as members of the Caribbean Community (CARICOM). Grenada allows individuals to obtain citizenship that may pass on to the immediate family members such as spouse, dependent children and parents.

Lifestyle benefits

Affiliation to the United Nations and the Commonwealth of Nations backed by social and political security are the most prominent features of Grenada citizenship by investment. The local community is culturally vibrant, friendly and hospitable as is the tradition travelling from generations. The ecological and wildlife attractions, aquamarine life and nature reserves mark the island nation a wonderful place for adventurers.

Business benefits

With no tax on foreign income, wealth, gift, inheritance or capital gains, business start-ups enjoy 100 percent profit and exceptional growth due to geography of the island. The official Grenadian currency that is the East Caribbean Dollar (XCD) is secured to the United States Dollar (USD).

International mobility

Grenadian citizens enjoy visa-free travel to more than 115 international countries including those in the Commonwealth. Members of the European Union, the United Kingdom as well as major business hubs namely Hong Kong and Singapore are included in the list. Grenada is among the rare nations whose citizens can enjoy visa-free travel to the People’s Republic of China.

Becoming a citizen

Government of Grenada grants citizenship only to individuals who’re eligible and truly deserve the honour as a means to protect the locals and international position. Denial of the application is possible in following cases;

– Misleading and false information in the application form
– Applicant is a subject of criminal investigations
– Considered a potential threat to national security
– Denial of visa application
– Involvement in illegal activities

Conclusion

Grenada citizenship by investment is your key to super-luxurious and prosperous lifestyle.

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