Project Description

Grenada Citizenship By Investment

A Great Opportunity to Invest and Live in Paradise

Check if you Qualify

Be part of a limited and exciting Citizenship by Investment opportunity through CTrustGlobal a Government Authorized Marketing Agent for Grenada Citizenship by Investmenr Program..

As Grenada Government is very keen to preserve the prestige, honor and value of Grenada Citizenship, they established a legal protocol. Application will be by invitation only and every applicant, their family and or the Government of Grenada through a “Know your Client” procedure must approve business partners individually.

Why Grenada

Grenada, known as the ‘Spice Isle’, is one of the most beautiful and lush islands in the West Indies. Unspoilt and exotic, Grenada’s dramatic scenery, tropical rain forests, waterfalls and golden beaches will appeal to visitors from around the world. Tourism is a recent phenomenon here, so you will find many deserted beaches and enchanting scenery. The Islands….Grenada and its sister islands of Carriacou and Petite Martinique offer a wide assortment of exotic scenery, varied activities and rich culture. And oh.. The charm and friendliness of these wonderful people just makes the difference! Enjoy with them a host of nature reserves, historical sites, fresh culinary delights and much more.

The beaches are idyllic and unspoilt with white sand, palm trees, cooling trade winds and the aroma of the Islands’ native spices. Carriacou is only a 90-minute boat ride from St. George’s and should definitely be on the agenda!

Information about Grenada:

Grenada has a largely tourism-based, small, open economy. Over the past two decades, the economy has shifted from one of agriculture-dominant into that of services-dominant, with tourism serving as the leading foreign currency-earning sector. The country’s principal export crops are the spices nutmeg and mace (Grenada is the world’s second largest producer of nutmeg after Indonesia). Other crops for export include cocoa, citrus fruits, bananas, cloves, and cinnamon. Manufacturing industries in Grenada operate mostly on a small scale, including production of beverages and other foodstuffs, textiles, and the assembly of electronic components for export.

LEGAL BASIS

The Citizenship by Investment Programme came into being in August 2013, when the Grenadian Parliament passed Act No. 15 of 2013, otherwise referred to as the ‘Grenada Citizenship by Investment Act, 2013.’ The stated objective of the Act is to “enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.” Applicants may only make two types of investments to obtain citizenship or permanent residence:

1. They must make “a payment into the National Transformation Fund;” or
2. They must make “a payment towards an approved project in Grenada”

The National Transformation Fund (NTF) was established under section 43(1)(a) of the Public Finance Management Act Cap 262B, and is responsible for funding Government-sponsored projects in Grenada. ‘Approved project’ is defined under Section 3 of the Grenada Citizenship by Investment Act, 2013 as “a project that is approved by the Minister following the review and recommendation of the Citizenship by Investment Committee.”

Official Details for Grenada

  • Official Name: Grenada
  • Dependencies: Carriacou & Petite Martinique
  • Area: 3 islands, 133 sq. miles total (344 km2 )
  • Population: 108,132 (UN, 2008.)
  • Capital: St. George’s (estimated population: 3,680) in 2005
  • Location: 12.07° North 61.40° West
  • Currency: Eastern Caribbean dollars (XCD)
  • Major Languages: English (Official), French patois
  • Nationality: Grenadian
  • Major religion: Christianity
  • Life Expectancy: 67 years (men), 70 years (women) (UN)
  • GNI per capita: US $4,670 (World Bank, 2007)
  • Current Labour Force: 40% of population
  • International dialing code: +1473
  • Internet domain: .gd
  • Airport: Maurice Bishop International Airport (MBIA)
  • Climate: Tropical – avg. temperature of 75ºF (24ºC)
  • Time zone: EST+ 1; (GMT – 4:00)
  • Type of State: Constitutional monarchy
  • Head of State: (Queen Elizabeth II) Dr. Cecile La Grenade
  • Head of Government: Dr. The Right Hon. Keith Mitchell
  • Ruling Party: New National Party (NNP)
  • Elections: Last: February 19, 2013. Next: By 2018
  • Suffrage: Universal at 18
  • National Holiday: 7 February (1974, Independence Day)
  • Constitution: December 19, 1975

Following are the costs and fees structure for the applicants understanding before applying for Grenada citizenship.

NTF CONTRIBUTION (National Transformation Fund)

Fee
types
One single
Main applicant
Main
Applicant applicant with a Spouse
Family of
four family members
Family
over four family members
Required Contribution Amount USD 200,000 USD 200,000 USD 200,000 USD 200,000 plus USD 25,000 per additional dependant after the
third dependant
Application Fees USD 1,500 USD 1,500 per
person
USD 1,500 per
person
USD 1,500 per
person
Due Diligence Fees USD 5,000 USD 5,000 per
person
USD 5,000 per
person aged 18 and
over, USD 2,000 for
each dependant
between 16-17.
No due diligence
fee for dependants
under 16
USD 5,000 per
person aged 18 and
over, USD 2,000
for
each dependant
between 16-17.
No due diligence
fee for dependants
under 16
Processing Fees USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under
18
USD 1,500 per person aged 18 and over, USD 500 for persons under
18

REAL ESTATE OPTION

Fee
types
One single
Main applicant
Main
Applicant applicant with a Spouse
Family of
four family members
Family
over four family members
Required Contribution Amount USD 350,000 USD 350,000 USD 350,000 USD 350,000
Government Fees USD 50,000 USD 50,000 USD 50,000 USD 50,000 plus USD 25,000 per additional dependant after the
third dependant
Application Fees USD 1,500 USD 1,500 per
person
USD 1,500 per
person
USD 1,500 per
person
Due Diligence Fees USD 5,000 USD 5,000 per
person
USD 5,000 per
person aged 18 and
over, USD 2,000 for
each dependant
between 16-17.
No due diligence
fee for dependants
under 16
USD 5,000 per
person aged 18 and
over, USD 2,000
for
each dependant
between 16-17.
No due diligence
fee for dependants
under 16
Processing Fees USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under
18
USD 1,500 per person aged 18 and over, USD 500 for persons under
18

An applicant for citizenship must fulfil the personal requirements established under the Grenada Citizenship by Investment Act, 2013. Among other things, this means that he or she must be at least eighteen years old, have no criminal record, be in good health, and be willing to make the required contribution. A person who fulfils these requirements may then take the following steps:

STEP 1

The first step in applying for citizenship is choosing an Authorised Local Agent and an Authorised International Marketing Agent. Applications for citizenship may not be submitted directly to Grenada’s Citizenship by Investment Committee (CBIC) and must only be handled by Authorised Local Agents. An ‘Authorised Local Agent’ is someone who has been granted a Local Agent’s licence by the Minister and who is authorized to act on behalf of the main applicant with respect to his or her application. An ‘Authorised International Marketing Agent’ is a trusted global marketer who is permitted to promote the Programme and may assist applicants along with the Authorized Local Agents.

STEP 2

The second step in an application for citizenship is contacting an Authorized Local Agent, whose role is to provide the applicant with assistance in preparing documents for submission to the CBIC. The applicant will need to complete official forms, attend a medical examination, and obtain certain supporting documents – all of which must be submitted in English and be appropriately legalized. If the applicant is purchasing real estate, this will need to be reserved through a sale and purchase agreement. The Authorized Local Agent will be able to advise the applicant on the preparation of the documents and on how to have them legalized.

STEP 3

When all forms are complete, the Authorized Local Agent submits the application to the CBIC. The Authorized Local Agent then becomes responsible for liaising with the CBIC in relation to all correspondence, queries, or questions that may arise with respect to the applicant’s file. There is currently no mandatory interview requirement for the Grenada Citizenship by Investment Programme.

STEP 4

Each application is vetted by the Government through a thorough due diligence background check, during which time submitted information is examined and verified. The CBIC considers application files in light of this due diligence check, and then issues a recommendation about the application. Final approval is in the hands of the Minister, who generally follows the CBIC’s recommendation. Upon the Minister making a decision, the applicant is issued a letter (through his or her Authorized Local Agent) detailing whether the application was successful, delayed for further processing, or rejected.

STEP 5

If the application is successful, the CBIC issues a letter instructing the applicant (through his or her Authorised Local Agent) to either make the contribution (for the NTF option) or complete the purchase of his or her real estate. If real estate is purchases, then the applicant must demonstrate completion, as well as the execution of all necessary documents. Upon receiving proof of payment, the CBIC issues the certificate of registration, establishing that the applicant has received Grenadian citizenship. Authorised Local Agents must use this certificate to apply for a Grenadian passport on behalf of the applicant.

GRENADA CITIZENSHIP REQUIREMENTS

The following qualifications, general requirements and procedures for CBI application are required:

(1) The applicant must be-

  • At least eighteen years of age; and
  • Be of a good character
  • Have no criminal record
  • Pass a detailed background check
  • Be able to provide proof of source of funds
  • Be healthy

The procedure for Grenada’s Citizenship by Investment Programme is a limited and exciting opportunity. Each and every applicant, their family and/or business partners must be approved individually by the Government of Grenada through a strict due diligence procedure therefore applications may only be submitted to the committee by an Authorised Local Agent.

When applying an individual will be required to produce the following original certified copies of-

(a) A certificate in the prescribed form by a medical practitioner that the main applicant and his dependents are not suffering from any communicable disease and that they are otherwise in good health; and(b) A police certificate

Individuals who choose to apply for citizenship under Grenada’s Citizenship by Investment Programme may take advantage of the following:

  • Minimal processing fees.
  • Fastest turnaround from application to citizenship in approximately 60 days.
  • No interview, education, or management experience required.
  • No requirement to reside in Grenada before or after citizenship is granted.
  • Well-known, stable and established investment environment.

The application process is confidential, with no disclosure or exchange of information with other governments or bodies, except when due diligence checks are carried out as part of the application process. These checks are performed by an authorised due diligence agency.

BENEFITS OF GRENADIAN CITIZENSHIP

Individuals who obtain citizenship through Grenada’s Citizenship by Investment Programme are entitled to the same rights as any other Grenadian citizen. These include the right to live and work in Grenada at all times. Moreover, because Grenada is a member of the Caribbean Community (CARICOM), Grenadian citizens have the right to live in any other CARICOM member state.

Grenada allows individuals to hold dual citizenship, and citizenship may be extended to family members, such as a spouse, dependent children, and dependent parents. Children and young adults may obtain preferred access, and in some cases grants, to top schools and universities.

LIFESTYLE BENEFITS

Grenada offers its citizens social and political security, reinforced by its membership in the United Nations and the Commonwealth of Nations. Grenada’s local community is culturally vibrant, vivacious, and extremely friendly. Grenada has a long history, and locals are proud of their national heritage, which they celebrate throughout the year. Finally, Grenada is the perfect setting for both adventure and relaxation: its wildlife attractions, marine life, and national parks make it an exciting place to explore, while its super-yacht marina and pastel towns make it ideal for strolling and unwinding.

BUSINESS ADVANTAGES OF GRENADIAN CITIZENSHIP

Grenada has no foreign income, wealth, gift, inheritance, or capital gains tax. There is no restriction on the repatriation of profits and imported capital. Generous incentive packages exist including corporate tax incentives, full exemption from import duties, tax relief benefits, and export allowance. Grenada’s currency, the East Caribbean dollar (XCD), is pegged to the United States dollar (USD). Lastly, there is duty-free trading in the Caribbean.

INTERNATIONAL MOBILITY

Grenadian citizens can travel without visa restrictions to more than 115 international and Commonwealth countries. These include the United Kingdom and all other members of the European Union, and important business hubs such as Singapore and Hong Kong. Grenada is one of very few nations whose citizens can travel to the People’s Republic of China without first obtaining a visa.

The following chart lists the nations to which citizens of Grenada may travel visa-free.

AMERICAS AFRICA ASIA EUROPE OCEANIA

Anguilla

Botswana

Armenia

Austria

Countries and Territories

Antigua and Barbuda

Cape Verde

Bangladesh

Belgium

Cook Islands

Argentina

Central African Republic

Cambodia

Czech Republic

Fiji

Aruba

Egypt

China

Denmark

Federated States of Micronesia

Bermuda

Kenya

Hong Kong

Estonia

Kiribati

British Virgin Islands

Malawi

Iran

Finland

Niue

Bolivia

Mauritius

Israel

France

Pitcairn Islands

Bahamas

Madagascar

Jordan

Germany

Palau

Barbados

Mozambique

Laos

Gibraltar

Samoa

Belize

Saint Helena, Ascension and Tristan da Cunha

Macau

Guernsey

Solomon Islands

Cuba

Seychelles

Malaysia

Hungary

Tuvalu

Cayman Islands

Swaziland

Maldives

Iceland

Vanuatu

Chile

Tanzania

Nepal

Ireland

Colombia

Togo

Philippines

Isle of Man

Costa Rica

Uganda

Seychelles

Italy

Dominica

Zambia

Sri Lanka

Jersey

Dominican Republic

Zimbabwe

Singapore

Kosovo

Ecuador

South Korea

Latvia

Falkland Islands

Timor-Leste

Lithuania

Grenada

Luxembourg

Guadeloupe

Malta

Haiti

Netherlands

Jamaica

Norway

Martinique

Poland

Montserrat

Portugal

Netherlands Antilles

Slovakia

Nicaragua

Slovenia

Panama

Spain

Peru

Sweden

Saint Kitts and Nevis

Switzerland

Saint Lucia

Turkey

Saint Vincent and the Grenadines

United Kingdom

Suriname

Trinidad and Tobago

Turks and Caicos Islands

Venezuela

At present, you can gain citizenship in Grenada through the Grenada Citizenship by Investment Program by two ways:

– GRENADA NATIONAL TRANSFORMATION FUND

– APPROVED PROJECTS INVESTMENTS

(1) GRENADA NATIONAL TRANSFORMATION FUND

(a) Where a person makes a qualifying deposit into the National Transformation Fund of an amount determined by Regulations, application for Permanent Residence and subsequently for Citizenship by Investment may be submitted on his or her behalf through a Local Agent.

(b) In order to qualify for the grant of citizenship through the National Transformation Fund an applicant must satisfy the following criteria:

(i) He or she must be granted Permanent Residence by virtue of this Act;

(ii) He or she must reside in Grenada for at least fourteen days after obtaining Permanent Residence; and

(iii) He or she must within twelve (12) months of obtaining Permanent Residence apply for Citizenship and deposit the required contribution into the National Transformation Fund.

(2) APPROVED PROJECTS INVESTMENTS

(a) The minister shall from time to time by Order identify projects to be managed by identified bodies and organizations and approve those projects for the purpose of investment under this Act, and such approval shall be published in the Gazette, and the Committee shall be notified accordingly.

(b) Where a person proposes to make an investment of at least the amount determined by regulation for Citizenship by Investment into an approved project described in sub-section (1), application for Citizenship by Investment may be submitted on his or her behalf through an Agent.