Grenada

Grenada

  • Island nation in the Caribbean Sea
  • Capital city is St. George’s
  • Achieved independence from Britain in 1974
  • Currency is the Eastern Caribbean Dollar
  • Economy based mainly on tourism, plus spice production (second largest nutmeg producer in the world).
  • St. George’s medical university attracts many students.
  • GDP of over US $7,800 per capita
  • Population of over 110,000
  • Total area of 348.5 kmĀ²

Citizenship & PR By Investment Program

  • Program’s purpose is to attract desirable investors who will make a substantial contribution to Grenada.
  • Investment funds contribute to the development of the nation.
  • Citizenship Program: Allows applicants to invest in Grenada and receive citizenship in 4-6 months
  • Permanent Residence Program: Applicants invest in Grenada and obtain PR status with minimal residency requirement (and citizenship 1 year later).
  • No tax on worldwide income
  • After 6 years of residency, family can apply for Portuguese citizenship and passports

Program Benefits

  • Citizenship in a British Commonwealth country
  • Visa-free travel to many countries worldwide
  • Dual citizenship permitted
  • Children may avoid military service in their home country
  • Off-shore bank accounts, investments, and Grenada incorporated companies give unique opportunities for business and tax planning.
  • Passports received in approximately 4-6 months (citizenship program) or after 1 year (PR program).

Applicant Criteria

  • Dependent children must be under age 25, fully dependent on the principal applicant, and unmarried.
  • Dependent parents or grandparents must be over age 65, living with and financially dependent on the principal applicant.
  • No minimum net worth, no education requirement, no maximum age limit, no business experience needed, and no interview required.
  • Investment requirement (fees extra):
  • Citizenship Option: Invest in a government approved real estate or other project (US $200,000 + fees).
  • PR Option: Contribute to the National Transformation Fund (US$200,000).
  • Residency requirement (PR program only): Spend 14 days in Grenada, and apply for citizenship after 1 year.

Visa-Free Travel

  • Visa-free travel to the United Kingdom
  • Visa-free travel to Hong Kong
  • Visa-free travel to many other countries worldwide
  • Visas for Canada, the United States, and the European Union are easily obtained

 

*Information accurate at the time of print. For latest information on this program, discuss with your Polinsys counselor +1 905 2795555