Let's find out who this visa is suitable for, what are its advantages and what you need to get it.
How to obtain Grenada citizenship?
To obtain citizenship in Grenada, you can participate in the country’s Citizenship by Investment Program, which offers two main investment routes:
- Donation to the National Transformation Fund (NTF):
- A minimum non-refundable donation of $235,000 is required. This option is straightforward and is often chosen for its lower cost and simplicity.
- Real Estate Investment:
- You must invest at least $270,000 in approved real estate projects. The investment must be maintained for a minimum period, typically around five years, to qualify for citizenship. This route is attractive for those who wish to have a tangible asset as part of their investment portfolio.
Additional Fees:
- Both options also involve additional costs, including due diligence fees to conduct thorough background checks on applicants, processing fees, and sometimes legal fees if you are using the services of an attorney to facilitate the application process.
The process involves submitting a detailed application through an authorized agent, who will guide you through the required paperwork, investment procedure, and legal checks. The processing time for Grenada’s citizenship application is relatively quick, often taking just a few months from the submission of the application to the issuance of the passport.
Grenada’s citizenship program is particularly appealing due to additional benefits like visa-free travel to over 140 countries, including the UK and Schengen Area, and for its eligibility for the US E-2 investor visa, allowing Grenadians to operate a substantial business and reside in the US.
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