Acquisition of Grenada citizenship by purchase of real estate
Established in 2013, Grenada’s Citizenship by Investment program has contributed greatly to the recovery of real estate market after the Global financial crisis. While the numbers of transactions each year are relatively steady, the average value of each purchase has skyrocketed due to the minimum amount of investment required by the CBI. The double citizenship program has also helped to acquire the necessary capital for several luxury real estate projects through the fractional ownership of company and real estate shares.
If you have any questions regarding Caribbean citizenship or you want to apply – contact our agents now!
Acquire citizenship by purchase of real estate in Grenada
If you have any questions regarding the procedure or you are willing to apply – contact our agents now!
In order to become a Grenada citizen, as one of the possible options, an investor can make a 350 000 USD investment in a real estate project, which has been approved beforehand by the Government. This amount can be recovered when sold not earlier than three years from the moment of becoming a Grenada citizen.
Other requirements and fees
In addition to the core investment, there are several fees to be paid additionally:
In addition to the monetary contributions, investors need to conform to several other requirements set by the Government of Grenada:
Citizenship application procedure
Double citizenship by investment program in Grenada is considered to have a relatively straightforward and fast application procedure. In case of any questions or misunderstanding, your agent will be there to answer all of your inquiries and advise the best solution and most appropriate program for each individual investor.
In order to submit an application the following documents must be provided:
The process of acquiring the second passport and Granada citizenship is completed within 3-5 months, depending on each applicant.
In order to acquire second passport, the following general steps are to be taken:
Advantages of holding a Grenada second passport
Grenada offers an excellent double citizenship by investment program to investors with families. While in other countries, you would have to pay an extra contribution for every child or other dependant, in Grenada, there is a fixed 350 000 USD investment to be made for the main applicant and all of his dependants, which includes: spouse, children under 25 years and parents over 65 years.
Only service fees need to be paid for each person separately. Other significant advantages include: