Countries
A minimum amount of USD 200,000 is required as of 30 June 2024
Months from submission of the application
Grenada, known as the “Spice Isle,” is a picturesque Caribbean nation famous for its lush landscapes, vibrant culture, and pristine beaches. The Grenada Citizenship by Investment (CBI) Program offers a streamlined path to citizenship through investment in either the National Transformation Fund or designated real estate projects. Benefits include visa-free travel to over 155 countries, tax advantages, and the ability to live and work in this tropical paradise.
Additionally, Grenada has an E-2 Visa Treaty with the United States, allowing citizens to apply for a non-immigrant visa to reside and work in the U.S.
OPTION 1: INVEST IN THE NATIONAL TRANSFORMATION FUND (NTF)
NTF Contribution:
– The first Citizenship by Investment option involves an NTF contribution of $235,000 for you as the main applicant, $200,000 for you and your spouse,
– $200,000 for you and up to three dependants, and $25,000 for any additional dependant.
Additionally, you and your family members must also pay application fees of $1,500 per application. Furthermore, there are due diligence fees of $5,000 for you, $5,000 for your spouse, and $5,000 for dependents aged 17 and above. Moreover, there are additional $1,500 processing fees for those over 18 and $500 for those under 18.
Additional Fees:
– Application: $1,500 per person
– Due Diligence: $5,000 each for the main applicant, spouse, and dependents aged 17 and above
– Processing: $1,500 per person over 18, $500 per person under 18
OPTION 2: INVEST IN APPROVED REAL ESTATE PROJECTS
Real Estate Investment:
– $220,000 for a share in an approved project
– $350,000 for a direct investment
– The investment must be held for at least five years
Additional Fees:
– Government: $50,000 for a family of up to four, $25,000 for each additional dependent
– Application: $1,500 per person
– Due Diligence: $5,000 each for individuals aged 17 and above
– Processing: $1,500 per person over 18, $500 per person under 18
OTHER REQUIREMENTS AND BENEFITS:
– Renew your passport every five years
– Gain access to China and the ability to apply for a U.S. E-2 Investor Visa after three years of residency in Grenada
Phase 1: Client Onboarding
Signing with BLS Global sponsors and Partners:
The process begins with filing the client’s form, which enables our sponsors and partners to carry out the initial due diligence. Subsequently, following the successful screening, we provide you with a formal agreement.
Once the signed agreement and retainer payment are received, government approved agents and legal team prepares and completes all necessary government forms and supporting documents. For those opting for a property investment, this stage involves executing a sales and purchase agreement with the developer.
Phase 2: Application Review and Submission
Before submission, the application undergoes a thorough review to ensure it meets all CBIC requirements. Once this review is complete, The appointed legal team performs final checks before submitting the relevant forms. The CBIC then conducts its own due diligence and reviews all the paperwork. Throughout this stage, our sponsors and partners l maintains close communication with the CBIC to ensure the application is processed efficiently and in a timely manner.
Phase 3: Citizenship Issuance
The CBIC assesses the application, and upon approval, the applicant must make all necessary contributions and pay any applicable government fees. Following these steps, the applicant becomes eligible for a Grenada passport, eliminating the need for a visa for Grenada passport visa-free countries. Our sponsors and partners deliver the citizenship by investment application pack, which includes all relevant documentation and detailed instructions. Once returned, the application is double-checked for completeness and accuracy to minimize the possibility of rejection. The government typically provides a decision within 90 days of submission, and passports for successful applicants are issued within 10 working days. Applicants are not required to pick up their passports in person, as BLS Global coordinates the collection process and sends the passport(s) to the client.
For those opting for the real estate investment option, the timeframe may vary depending on the project. It is crucial to select a real estate project that can promptly provide the necessary paperwork from the developer, with guidance provided by BLS Global.
IMPORTANT UPDATE: Previous Investment Thresholds for Caribbean Citizenship Increased in June 2024.
The minimum investment threshold was raised to USD 200,000 by June 30, 2024, allowing for a limited window of opportunity to apply under the previous, lower investment requirements.
Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.