program
Minimum Investment
$235,000 Donation
Minimum Investment
$270,000 Real Estate
Time to Citizenship
6-8 Months
Visa Free Access
140+ Countries & Territories
Launched in August 2013, the Grenada Citizenship by Investment program is one of the newer Caribbean programs. The mission of the Citizenship by Investment program is to strengthen the country by creating economic growth through foreign investments.
As an applicant, you must be at least 18 years of age, of good character and without a criminal record.
Additionally, you are required to make a non-refundable donation to the National Transformation Fund or make an investment in government-approved real estate projects.
Visa-free and visa-on-arrival travel to over 140 countries and territories including Hong Kong, Singapore, China, Russia, The Schengen area, and the United Kingdom.
The Grenada program is the only one of the Caribbean citizenships by investment programs that offers an opportunity to obtain an E-2 Investor visa in the United States of America
Designed to be a smooth and straightforward process with a timeframe of 6 months to your new citizenship.
Grenada imposes minimal taxation, with an exception of no taxation on wealth, gift, inheritance, foreign income, or capital gain.
There are no residency requirements – you are eligible to apply immediately
There is no need to renounce your current citizenship(s), and your home authorities are not notified of your new citizenship.
GRENADA | Citizenship by Investment
The Citizenship by Investment (CBI) program is protected by Grenada’s legislation, namely the ‘Citizenship by Investment Act 15, 2013’. This law is documented and published and forms part of the laws of Grenada as framed and approved by the national parliament. It stipulates that any person can apply for naturalization and may be eligible for Citizenship on payment of fees if the Government is satisfied that such person has invested substantially in Grenada. The act allows for investment to be made in either one of two ways: The first is by making a contribution to the National Transformation Fund, which assists the development of Grenada’s resources, with the aim of benefiting Grenadians. The other option is an investment in a government-approved real estate project, which comes into being after being reviewed and recommended by the committee to the government Minister in charge.
Single applicant
USD 235,000
An applicant with up to 3 dependents
USD 235,000
Each additional qualified dependent below the age of 18
USD 25,000
Each additional qualified dependent above the age of 18
USD 50,000
Qualified sibling
USD 75,000
Minimum investment amount
USD 270,000
Main Applicant
USD 50,000
Main applicant with up to 3 qualifying dependents
USD 50,000
Each additional qualified dependent below the age of 18
USD 25,000
Each additional qualified dependent above the age of 18
USD 50,000
Qualified sibling
USD 75,000
Processing fees per person
USD 1,500
Processing fees for dependents below 17 years of age
USD 500
Processing fees for dependents aged 17 years or above
USD 1,500
Application fees per person
USD 1,500
Due Diligence per person over 17
USD 5,000
Interview fee per person 17 and over
USD 1,000
Application Process
6 months
PORTUGAL | RESIDENCY BY INVESTMENT
Visa-free and visa-on-arrival countries
140+ Countries & Territories
The problem
Our Indian client, a business owner and single parent was looking for long-term residency in a country that would ensure quality education and safety for his daughter. With a successful business set-up in his home country, he could not consider relocating as it would limit his growth opportunities. At the same time, he wanted to secure a bright future for his daughter ensuring world-class education but was also wary about her well-being and safety. Above all, recently divorced, it was challenging for the client to procure documents for his daughter.
The solution
When the client approached Savory & Partners, we considered the many sentiments involved including that of a father, a dedicated businessman and a single parent. We understood his requirement and prepared a strategy that would not only serve his personal life positively but would see his business grow by leaps.
We recommended Portugal, not just for the simplicity of obtaining a residence permit but its exceptional education system and healthcare. Portugal is known for its outstanding higher education institutions.
Portugal has a lot of different immigration options available. The passive income - the D7 visa, the newly christened Digital Nomad Visa and the option that is tailor-made for businessowners - the Portuguese D2 visa.
Our client could fulfill his residency requirements while also maintaining an active management role in his company without worrying about spending too much time outside of Portugal.
With residential flexibility of the Golden Visa, his daughter could relocate to Portugal immediately and he could fulfil his residency requirements while also maintaining an active management role in his company back home without worrying about spending too much time outside of Portugal. As of 2021, Portugal is globally ranked in the top ten in terms of ease of registering a company. Meaning our client would not only go ahead and bring his existing business to Portugal but could venture into new business opportunities across Europe.
Approaching Savory & Partners to undertake his residency application ensured that the client would have all the necessary documents for himself and his daughter ready on time. Our agents oversaw that all requirements for a successful due diligence were also fulfilled.
Content
Length
4 pages
Language
English & Arabic
size
1 mb
CAPITAL
St. George’s
TOTAL AREA
348.5 km²
POPULATION
126,887
LANGUAGE(S)
English, Grenadian Creole English, Grenadian Creole French
CURRENCY
East Caribbean Dollars (XCD)
EXCHANGE RATE
1 USD = 2.70 XCD
GDP – PER CAPITA (2022)
USD 9,689
GDP – TOTAL (2022)
USD 1.215 billion
More commonly known as the “Spice Isle”, Grenada offers beautiful unspoilt beaches, diving, sailing, hiking and so much more. The island welcomes all potential individuals, businessmen and families of the highest calibre to come and experience the high-end lifestyle and natural beauty that the has on offer.
Country Background:
Grenada is an island country located between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago.
GRENADA | Citizenship by Investment