If you are considering a second passport, there are many options available. Some programs are more complicated and require the assistance of an immigration lawyer, but some are simpler and more user-friendly.
One of these options is Grenada, a stunning Caribbean country known as the ‘Spice Island’ and renowned for its beautiful beaches and warm climate. It also has one of the world’s most popular citizenship-by-investment (CBI) programs and is an excellent option for those seeking a second passport.
Requirements
Dual citizenship is a great way to take advantage of the perks offered by a particular country. It can give you several benefits, such as visa-free access to European countries and the United States. Additionally, it allows you to carry two passports for ease of travel.
Getting dual citizenship is relatively easy in Grenada, where the process is well-organized. You can apply for citizenship without renunciation of your previous nationality, and the program includes due diligence checks on all applicants.
So, how to get dual citizenship in Grenada? The requirements for acquiring dual citizenship in Grenada include providing personal documentation such as passports, national IDs, birth and marriage certificates, and proof of funds. Applicants must also pass a detailed background check to meet the investment requirements.
There are two main investment options: a money donation to the National Transformation Fund (NTF) or a real estate purchase. Both require a minimum investment of $350,000.
Once you’ve met the required criteria, you can proceed with your application. The Citizenship by Investment Committee will evaluate your application and provide a decision.
The citizenship by investment program is an excellent option for anyone looking to acquire a second passport or wants to live on one of the most beautiful islands in the Caribbean. It also comes with a wide range of benefits, including visa-free access to 140+ countries, the possibility of working and living in the US thanks to the E2 Visa, and tax exemptions on worldwide income and assets.
Documents
If you are looking to acquire dual citizenship in Grenada, you will need some essential documents. These include a completed application form, personal papers, medical examinations, and other relevant documentation. Upon completion, your local agent will submit your application to the Grenadian Citizenship by Investment Committee (CBIC) and other necessary documents.
Applicants must be at least 18 years old, have no criminal or immigration record, and have good health standing. They must also be able to verify their sources of funds.
There are two main investment options: a real estate investment and a contribution to the state fund. Both offer a straightforward process that ensures no information about your application is shared outside the island.
The real estate option consists of investing in government-approved projects in the country. This can range from hotels to villas and other properties in various locations.
This is a popular route for investors seeking high returns on their investments. In addition, it also contributes to Grenada’s National Transformation Fund, which helps strengthen the country’s economy.
As a non-resident Indian, you can benefit from a fast and cost-effective path to citizenship in Grenada. This program allows you to have a second passport with visa-free access to more than 140 nations.
Fees
Whether you’re a high-net-worth investor looking for a second passport to expand your global mobility or want to unlock the perks of citizenship, acquiring dual citizenship in Grenada can provide you with the security and benefits of second citizenship. But there are some costs and paperwork that you’ll need to navigate.
The first step is to start working with advisors and a local agent who will help you complete the paperwork and submit it on your behalf. They will also assist you with legalization and translation if required.
Once all your documents are ready, they will be submitted to the Citizenship by Investment Committee (CBIC) in Grenada, where your local agent will take care of all correspondence on your behalf. Once your application is approved, you’ll receive Grenada citizenship and a Grenadian passport granting you visa-free travel to more than 153 countries worldwide.
You can acquire Grenada economic citizenship through two main options: investing in real estate or donating to the National Transformation Fund (NTF). The minimum donation for the principal applicant is $150,000, increasing to $200,000 for a spouse or a family of four.
No government fees are involved in this program, but applicants will pay due diligence fees of $5,000 per adult and 5,000 for dependent children under 25. These fees are paid to a local agency that conducts the background checks and Interpol investigation.
Timeline
Consider obtaining citizenship in Grenada for several reasons. This small Caribbean island nation is known for its stunning beaches, thriving trade climate, and lifestyle perks as an island paradise.
The Grenada investment program provides a pathway to citizenship and a second passport in a relatively short turnaround time. Obtaining dual citizenship allows you and your family to enjoy visa-free travel to 146 countries, including the UK, the Schengen nations, Singapore, Hong Kong, and China.
In addition, investors enjoy a favorable tax regime and the ability to open bank accounts with EU banks for international financial transfers. Citizenship also enables access to the United States through its E-2 work visa.
Applicants can choose from two options for qualifying for citizenship: investing in a property or making a non-refundable donation. Alternatively, groups of related individuals can invest in real estate together if each pays at least USD 220,000 (plus government fees).
You should begin the process by finding an authorized agent licensed by the Government of Grenada to conduct these transactions.
