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Grenada Citizenship By Investment (CBI) Program

GRENADA – AN ALTERNATIVE CITIZENSHIP AND A PATH TO THE US

Grenada is a British Commonwealth Country, independent since 1974, with a population of approx 110,000 people across three main Caribbean islands: Grenada, Carriacou and Petite Martinique. It’s capital is St. Georges and St. George’s University is a U.S. offshore university.

Introduced in 2013, the Grenada Citizenship By Investment (CBI) program is an inexpensive and fast path to a second citizenship. Applicants can receive a passport in as little as 3 months. Grenada is a country that welcomes international families with strong travel benefits, no worldwide taxation and no residency requirement.

Since Grenada holds an E-2 treaty with the United States, a global family can get Grenadian citizenship, and then purchase or start a business in the US, taking residency in American in less than one year.

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Contact us to learn more the most popular Citizenship by Investment Program for Grenada.

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CBI PROGRAM & REQUIREMENTS

As one of the most recently created citizenship by investment programs, it has had an increasing number of applicants year after year and has raised US$166 million in 2019, 13% more than its 2018 record. Since its inception, over US$ 150 million have been raised. There are two qualifying investment options to apply for the CBI Program, a contribution to a government fund or an investment in a pre-approved real estate project.

The fund intends to increase Foreign Direct Investment in the country and finances projects at key industries, developing Grenada’s economy.The National Transformation Fund (NTF) application requires a non-refundable contribution of $150,000 for a single applicant or USD 200.000 for a family up to 4 members.

A real estate investment can be made through a government approved project with a minimum of $220,000 per investor plus a minimum non-refundable contribution of USD 50,000. The property investment can be sold after 5 years to return capital.

For both the NTF and real estate options, an additional USD 25,000 contribution is required for each additional family member after three dependents are included.

The application is processed exclusively through a licensed, government-approved agent and it includes government vetting in which criminal records are verified, as well as if all applicants are in good health and not involved in activity that is likely to cause disrepute to Grenada.

Independent since 1974, Grenada is a British Commonwealth Country

Population of approx 110,000 people across three main islands: Grenada, Carriacou and Petite Martinique

St. George’s University is a U.S. offshore university

LCR’s real estate investment trust is pre-approved at $220,000 level

Dual citizenship is accepted
Travel to Grenada is not required during application

About the Grenada CBI Program

TIME TO CITIZENSHIP
3-6 months

INVESTMENT TYPES
Approved Real Estate Development or Real Estate Trust

FAMILY
Investor, Spouse, Dependent Children up to age 30, siblings and parents over 55

REQUIREMENTS
None

VISA-FREE TRAVEL
Over 125 countries including the UK, Europe & China

5-year Entry Visa to USA

INVESTMENT
Min $220,000 plus fees depending on number of dependents

Grenada CBI Process and Timeline

The application is submitted to the government and an approval is received within 90 days. The applicant can, then, make the investment and wait for the citizenship documents to be issued. There is no need to be present in the country at any step of the application.

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APPLICANT APPOINTS AGENT

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Agent assists the Applicant in preparing the application form and supporting documents for the submission to the CBI Unit (CIU) in Grenada.

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COMPLETE OFFICIAL FORMS

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Applicant prepares CBI Application with IMA’s guidance.

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EXECUTE PSA & MAKE INITIAL PAYMENTS

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If Section 11, Applicant or Investor signs Purchase & Sale Agreement (PSA) and pays the deposit. Applicant then wires deposit and initial fees to Agent.

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SUBMISSION TO CBI & PROCESSING

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Agent vets CBI application, submits to CBI unit (CIU) and liaises with CIU on any queries. Approximately 90 day processing by CIU. No Applicant interview required.

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CIU DECISION

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CIU makes recommendations on applications to the Cabinet who decides. CIU advises Agents who advise Applicants of outcome.

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GOVERNMENT FEES & PROPERTY PURCHASE

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On approval, Applicant pays the balance of government fees and property purchase price to Agent. Oath of Allegiance taken.

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CERTIFICATE OF REGISTRATION & PASSPORT

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Approximately 30 days after receipt of funds CIU issues certificate of registration and passports.

U.S. RESIDENCY THROUGH E-2 VISA

Grenadian citizens can apply for the non-immigrant investor visa E-2 and obtain residency in the U.S by making a substantial investment (c. $150,000) in a U.S. business in which the investor owns at least 50%, “developing and directing” the business.

E-2 visas can be processed in as little as 6 weeks from submission of a business plan and it allows investors’ spouses and children to work and study anywhere in the U.S.

Know more about the E-2 investor visa here.

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Contact Us

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Office Locations
United States

315 Post Road West
Suite 200
Westport, CT 06880
+1 (203) 883-1940
info@lcrcapital.com

Brazil

Rua Afonso Braz, 473 – 9° Andar Vila Nova Conceição
São Paulo
+55 11 2500-5984
+55 11 95031-0022
contato@lcrcapital.com

India

9th floor, Platina G Block, Plot C, 59
Bandra Kurla Complex
Mumbai 400 051, India
india@lcrcapital.com

United Arab Emirates

C/O Alpha Management
Office 2408, South Tower, Emirates Financial Towers
Dubai International Financial Centre
United Arab Emirates
dubai@lcrcapital.com