Have you ever wanted to wake up to the sound of waves gently lapping at the shore? Could you imagine living a carefree life in the Caribbean? Have you ever heard of this majestic little gem just three minutes north of the Equator?
If you hear the island nation of Grenada beckoning, then here is a handy guide for all of you who want to obtain Grenada citizenship.
Going to Grenada
Counted as one of the most magnificent islands in the West Indies, Grenada is a sight to behold and a joy to live in. Those who have experienced its unspoiled splendor have either wanted to return again and again or decided to live in Grenada for good. Celebrities, famous personalities, and the world’s crème de la crème come to the Island of Spice for business or pleasure, as there are plenty of opportunities for both.
As one of the Caribbean islands with a low crime rate (according to the United Nations and the World Bank), Grenada makes a lot of people feel safe. That is why it is considered to be one of the popular paradise destinations. Along with its mouth-watering cuisine, wonderful weather, and the warmth of its people, Grenada is fast becoming a place people are lining up to become a second citizen of.
Grenada citizenship is one of the most sought-after in the world. Not only is the spellbinding scenery a come-on, but there are also other perks that come with applying for second citizenship from this Caribbean country. From the benefits of living in Grenada to the steps to take to become a Grenadian citizen, here is a quick look into making this island your ideal place to live, work, and play in:
1. Benefits of Living in Grenada
When you are contemplating becoming a citizen of Grenada, it’s worthwhile to take into consideration the advantages that you can reap from being one.
First, aside from being protected by the Constitution and Laws of Grenada, you also gain the right to live and work in the country as if you have been born there. If you’re applying for second citizenship, you do not even have to renounce any other citizenship or passport. What’s more, you can apply for yourself and for your family and have the option to pass on Grenadian citizenship to succeeding generations.
As a citizen of Grenada, you will also become part of a member state of the Caribbean Community as well as the Commonwealth of Nations. As such, you will be able to easily travel between member states and be protected by the commissions and embassies of other member states around the globe. This is highly advantageous, especially in times of need. Moreover, you will also be eligible for the Commonwealth Games or other similar sporting activities.
For entrepreneurs and ultra high net worth individuals, one huge attraction of being a citizen of Grenada is its thriving economy. Grenada is expanding into the agriculture, manufacturing, and tourism sectors. Its currency is also secure, stable, and tied to the United States dollar. Another compelling reason for citizenship is that there are no capital gains or estate taxes levied on citizens.
Grenada also offers visa-free travel privileges. With your Grenadian passport, you can travel sans visa to over 130 countries, including China, Europe, and Russia. It is the only Caribbean citizenship by investment jurisdiction that is part of the select number of treaty countries. This means that a Grenadian citizenship can grant you access to the United States’ E-2 Visa Program.
All of these can be yours without even needing to visit Grenada before, during, or after the application process.
2. Grenada Citizenship Application Routes
To become a citizen of Grenada, you must be at least 18 years old, in good health, and have enough legal funds to meet the requirements for citizenship by investment. Each applicant will be subject to strict due diligence and shall be required to submit supporting documents along with a properly filled-out application form. Original or certified copies of the following are asked for:
- A medical certificate attesting that you and other family members who are also applying for citizenship are in the pink of health and not suffering from any communicable disease
- A police certificate proving that you have no criminal records, are not a potential risk to national security, or are not involved in any activity that will cause disrepute to the country of Grenada
There are two routes for citizenship: by making a contribution to the National Transformation Fund (NTF) or making an investment in an approved project (usually in real estate) in Grenada.
The NTF is a government fund that is responsible for funding projects that will benefit the country’s economy and aid in diversification. If you choose this route, you can make a one-time contribution through the services of an authorized local agent.
If you are more inclined to apply for citizenship by investment, then you can also do so through a reputable and authorized local agent. The vast majority of approved real estate projects typically include hotels, resorts, and villas. By choosing this route, you must be ready to maintain the investment for at least three years from the date your citizenship is granted. A Grenadian passport is valid for five years.
3. Costs and Fees
There are different fees that come with whichever route you take. For the NTF route, you are required to shell out a minimum of US$200,000. You have the option to donate more, if you feel like doing so. This citizenship route is usually chosen because of its minimal upfront costs compared to the real estate option.
For real estate investments, you are expected to invest at least US$200,000. Both investment routes will also entail additional fees for every member of the family that you want to enroll to the program. Application, due diligence, government, and processing fees will also be charged.
When you want to experience the charmed life of a Grenadian citizen, it is best that you seek the services of a white-gloved specialist firm based in the Caribbean. This will enable you to conduct a safe way to secure second citizenship in Grenada with their superior on-location expertise. Working with a trustworthy and professional team of authorized representatives offers you a smooth application process at a reasonable cost. This makes it easier, faster, and more convenient for you to enjoy a gratifying life on the shores of Grenada.
Kal Kennard is a Partner at Citizens International, a white-glove specialist firm offering private client services necessary for citizenship, residency and investment into the Caribbean, North America, and Europe. Based in the Caribbean for the past 15 years, she is an experienced consultant who works directly with many professional partners and advises clients worldwide.