Grenada Citizenship by Investment Programme

Top 4 reasons to choose the Grenada Citizenship by Investment Programme

By Maxine Philavong

Grenada: a beautiful island, tiny island in the Caribbean. Filled with white sandy beaches, lush green vegetation and buzzing coral reefs, many miss out its numerous advantages due to its small size. But those who are looking for investment and citizenship opportunity should not overlook the “Island of Spice.” Indeed, Grenada is home to the Grenada Citizenship by Investment Program, a government sponsored program that provides rapid access to the United States E-2 Investor Treaty.

The E-2 Treaty Investor Visa allows a person to move to the United States with their spouse and dependent children for the purposes of owning and operating a business. Only citizens from certain countries are eligible for the visa.

Grenada is the only Caribbean country which holds the coveted E-2 visa treaty with the US, allowing citizens to apply for a non-immigrant visa and reside there. This is an incredible opportunity as many countries such as China, Russia, India and countries of the Gulf region do not have an E-2 treaty with the US, you can obtain your citizenship of Grenada first then apply for USA E2 Visa.

Grenada Citizenship itself provides many benefits in its own right, some even calling Grenada citizenship the “golden visa.” This includes no residency requirements, no tax on worldwide income, as well as citizenship of a politically and economically stable country. The Grenada Citizenship by Investment Program is just the icing on the cake when it comes to the island’s many advantages.

Grenada’s citizenship by investment program is one of the most cost effective in the world. Here are our top 4 reasons why clients might be interested in choosing the Grenada Citizenship by Investment Program:

  1. Fast Processing Times

Processing times for the Grenada CBI programme are extremely fast. It usually takes less than three months and there’s no requirement to visit. And, if you want to then obtain an E-2 visa, the timings are also favorable. The E-2 visa can take as little as six months. This means that you could be holding Grenadian citizenship and living in the US within just nine months.

  • Lower Capital Investment

The Grenada Citizenship by Investment cost is one of the most effective in the world. Investors have two main options: a $150,000 donation to Grenada’s National Transformation Fund or an investment in real estate that starts from $220,000. Through our strong presence on the island, D&A is able to help our clients navigate the investment opportunities. Upon request, our senior staff will visit the island with clients and introduce them to key stakeholders including members of government, as well as investment fund managers and real estate developers.

  • Worldwide income is not taxed

Grenada does not tax income outside the country. This means earnings you make from business interests or property outside Grenada are not likely to be included. And, if it comes to the E-2 visa, you would not be taxed on worldwide income by the US either. The E-2 visa is a non-immigrant visa. US permanent residents / Green Card holders are taxed on worldwide income. The D&A team includes tax attorneys who can advise you. D&A has forged close relationships with all the stakeholders in Grenada’s Citizenship by Investment Programme and have been successful in helping people from around the world achieve citizenship of this forward-looking country.

  • Keep your existing citizenship

Grenada permits dual citizenship, meaning that you do not necessarily need to give up your existing citizenship when you acquire Grenadian citizenship. It all depends upon the rules of the other country or countries. India, for example, does not allow dual citizenship. It does, however, allow you to hold Overseas Citizen of India (OCI) status. This offers similar benefits to citizenship with some restrictions, e.g. on the rights to own land or run for political office.

Contact D&A today to learn more about the Grenada Citizenship by Investment Programme

The Grenada Citizenship by Investment programme requirements are strict but simple. Applicants must have a clean criminal record and be able to verify their source of funds. With D&A’s support, the whole process can run fast and smoothly. A well-prepared application combined with the efficiency of the Grenadian authorities, means that processing time takes an average of just two months.

This article is published for clients, friends and other interested visitors for information purposes only. The contents of the article do not constitute legal advice and do not necessarily reflect the opinions of Davies & Associates or any of its attorneys, staff or clients. External links are not an endorsement of the content.


Benefits of Grenada Citizenship Programme: Visa-Free Access to China

Many of our clients are motivated to apply for the Grenada Citizenship by Investment Program because of it provides rapid access to the United States E-2 Treaty Investor Visa. But that is only part of the picture.

There are many benefits to Grenadian citizenship in its own right. This includes no residency requirements, no tax on worldwide income, as well as citizenship of a politically and economically stable country.

And now, we are seeing clients cite another factor as their motivation for seeking Grenadian citizenship: Grenada is one of the few countries in the world that is granted visa-free access to China.

Geopolitics is largely the reason behind this change. Clients who live or do business in China are concerned that their current citizenship may present obstacles to them in future.

Take the example of one client, an American businessman who spends lots of time in Beijing. He is concerned about that the trade war between the United States and China will impact his ability to live and work in China. As a result he has worked with us to obtain Grenadian citizenship.

Similarly, an Indian client who has strong business links with China is pursuing Grenada citizenship because of heightened tensions between the two countries.

In addition to access to China, Grenada’s strong passport offers visa-free access to a wide range of countries. This includes the UK, the EU Schengen Zone, Hong Kong and Singapore.

Grenada’s citizenship by investment programs is one of the most cost effective in the world. Investment requirements start from $150,000 with real estate investment and public donations available.

Grenada is an E-2 Treaty Country with the United States. The E-2 Treaty allows a person to bring their family to the US for the purposes of investing in and operating a business. Many countries are not eligible for the E-2 Visa so it is necessary to first become a citizen of an E-2 Treaty country like Grenada. Find out if your country has an E-2 Treaty with the USA here.

This article is published for clients, friends and other interested visitors for information purposes only. The contents of the article do not constitute legal advice and do not necessarily reflect the opinions of Davies & Associates or any of its attorneys, staff or clients. External links are not an endorsement of the content.


Grenada CBI: Beware Buyback or Rebate Scam

By Sukanya Raman, Associate, D&A India

Under the Grenadian Citizenship by Investment (CBI) program if an applicant chooses to invest in a Government-approved the project, then the minimum investment in the share of the approved project is US $220,000  & it should be held for a minimum period of 5 years which is the statutory holding period.

Grenada CBI Committee has observed that some Marketing Agents and Local Agents are buying back the shares from the applicants soon after they obtain their citizenship of Grenada.

Marketing Agents and Local Agents are entering into a buyback agreement with the applicants and upon receiving citizenship the applicants are substantially repaid. This ultimately leads to investing below the qualified minimum investment amount required for the National Transformation Fund (NTF) and violates the law governing Grenada CBI Act and Regulations.

The investment amount under NTF is US $150,000.00 and the objective of NTF is to transform the Grenadian economy and to develop the industries, tourism, agriculture, and alternative energy sectors.

Grenada Citizenship by Investment unit issued a circular dated 22nd June 2020. It states as Marketing Agents & Local Agents should not give any discount, buyback or rebate to the applicants below the minimum investment amount prescribed by the Laws of Grenada i.e., US $220,000.00 and the applicant must hold the shares for the statutory period of 5 years. It is illegal to offer any buyback or rebate before the expiry of the statutory period of 5 years.

If the unit or committee finds out that any applicant/s has breached the Grenada CBI Act and Regulation their approved citizenship shall be revoked under section 11 of the Act. 


E2 Visa Myth Busting: Do I have to stay in Grenada?

By Mark Davies, Global Chairman, Davies & Associates

“I have to stay in Grenada for six months to get my E2 Visa” if I use the donation route for my Grenada CBI case.

One of our clients e-mailed me this morning having been given this completely false statement, probably by a salesman selling another country’s program.

For a E2 visa the only country that has a residency requirement is the United Kingdom (which is the oldest E2 treaty). We do recommend creating connections with Grenada which is a wonderful country to visit but residency there is not required.

You can obtain an E2 visa regardless of the manner you used to obtain your Grenada passport. We have clients living in the US on an E2 investment visa to prove it.

Our Indian, Vietnamese, South African and Bangladeshi* clients have been opening business in the USA for a decade. Since about 2014 Grenada citizenship-by-investment has been a top consideration.

Prior to the new USD 220,000 share ownership program most of our clients were exclusively interested in the CBI USD 150,000 donation option.

Click here to see if your country has an E2 Treaty with the United States.

Click here to learn more about the E2 visa coupled with Citizenship by Investment.

*Although Bangladesh is an E2 country there are reasons why clients sometimes still use the Grenada route.


Grenada Citizenship by Investment Programme

Grenada Citizenship by Investment: Spouses & Single Applicants

Grenada has one of the most cost-effective citizenship by investment programs in the world. A $150,000 donation to the National Transformation Fund or a $220,000 investment in real estate leads very quickly to citizenship of a beautiful, stable, economically diverse country.

The investment route is especially popular, because it offers the chance of having the capital returned. The main investment opportunities are luxury hotel developments under construction on the island. Yet some people opt for the donation route because it better suits their own circumstances.

Unlike the investment route, the donation requirement changes depending upon the number of family members seeking Grenadian citizenship. A single applicant is required to invest $150,000. However, that increases to $200,000 if you plan to bring a spouse with you.

The extra $50,000 may be prohibitively high to some applicants. This could be the case if they are planning an E-2 investment and need capital to start-up or acquire a business in the United States.

There is a way around this. The Grenadian constitution entitles the spouse of a Grenadian citizen to Grenadian citizenship. So it is possible to apply as a single applicant, save $50,000, and arrange citizenship for the spouse at a later stage.

There is a timing issue here. Citizenship by Investment processing times are incredibly short – averaging just 45 days. If both spouses require citizenship quickly then it you should consider a dual CBI application.

However, if you are in no rush for the spouse to obtain Grenadian citizenship, you could consider the slower route. Applying for Grenadian citizenship as a spouse through the general processing route may take two years.

Such a situation might suit someone considering an E-2 application. Provided that the E-2 applicant is the same as the Grenada CBI applicant, an accompanying spouse does not need to have citizenship of an E-2 Treaty country. This explains why there are small numbers of E visas granted to Indians (221 visas in 2019) and Vietnamese (19 in 2019). Neither is an E-2 Treaty Country.

Each person or family’s situation is different. It is vital to engage with an attorney to discuss the best options to suit your circumstances. The information in this blog is for illustrative purposes and does not constitute legal advice. Please contact us directly to arrange a consultation.