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GRENADA
Popularly known, as “The Spice Island”, because of the myriad locally grown spices, Grenada offers one of the most picturesque waterfronts in all of the Caribbean. The sublime scenery is but one of the many enticements to visit the three beautiful main islands. Diving, sailing, excellent restaurants, fabulous beaches, and a calendar of unforgettable festivities add to the many reasons why Grenada has become preferred destination to many high net worth investors.

WHY CHOOSE GRENADA?

As the newest of its kind in the world, the Grenadian Citizenship-by-Investment
Program provides the following prime benefits:

  • Fast processing within 4 months;
  • Inclusion of dependent children under 25 years;
  • Inclusion of dependent parents over 65 years;
  • No physical residency requirements;
  • No requirements to travel to Grenada
  • during the application process;
  • No interview, no education or managerial experience required;
  • Visa-free travel to over 70 countries,including the UK;
  • No tax on worldwide income.
Furthermore, Grenada recognizes dual citizenship,therefore you can still benefit from your current citizenship status.

QUALIFICATIONS
The newest Economic Citizenship Program, Grenada’s Pilot scheme will allow qualified investors and their family members to apply for citizenship and benefit from facilitation of visa-free travel.

The Pilot Grenada Citizenship by Investment Program was launched in 2013 under the regulations of the Grenada Citizenship by Investment Act.

The Program offers many benefits in exchange of several requirements that applicants must meet. To qualify for citizenship in Grenada, applicants need to fulfill one of the investment requirements outlined in the “Investment Options” section, in addition to the following criteria:
  • Be of outstanding character;
  • Hold no criminal record;
  • Have excellent health;
  • Have a high personal net worth.

INVESTMENT CRITERIA
In recent years, tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which – together with strong performances in construction and manufacturing, have also contributed to growth in national output.

As part of their strategy to attracting foreign direct investment, the Grenadian Government is working closely together with a select number of businesses related to tourism, agriculture, and manufacturing.

Through the implementation of the Citizenship by-Investment Program, they also hope to create investment opportunities that will bring about sustainable employment.

With its economy shifting from agricultural-dominant to service-dominant, one of the most viable investment options before foreign investors is the purchase
of real estate.

The property purchased must be minimum US$ 250,000 in a per-approved real estate development area. The property must be owned and maintained for a minimum
of 4 years. Property registration, processing fees and taxes
must be paid in addition to the property purchase.


APPLICATION FEES
Advisory fees associated with the program are US$ 30,000 for a single applicant, US$ 35,000 for a family of two (main applicant + spouse) and US$ 2,500 for each additional dependent. Fees are based on the number of dependents, country of origin, residence and other retained services.The advisory fees are non-refundable and are payable in two equal installments.

All application fees charged by the Grenada government and by Arton are subject to change.These fees depend on the number of applicants and the complexity of the process. Please contact us if you have any questions or need more information.

ADDITIONAL FEES

  • US$ 60,000: Application fee for the main applicant
  • US$ 1,500: Application fee per dependent
  • US$ 250: Passport processing fee per person
PROCESSING FEES
  • US$ 1,500: Spouse
  • US$ 500: Dependent below 17
  • US$ 1,500: Dependent between 18 and 25
  • US$ 1,500: Parent below 65
  • US$ 1,500: Parent over 65
DUE DILIGENCE
  • US$ 5,000: Spouse
  • US$ 0: Dependent between 0 and 11
  • US$ 2,000: Dependent between 12 and 17
  • US$ 5,000: Dependent between 18 and 25
  • US$ 5,000: Parent below 65
  • US$ 5,000: Parent over 65
Due diligence fees for the main applicant are included in their application fees.

STEPS AND TIMELINE

The summarized timeline presented below is based on the required process that needs to be followed by all applicants for the Citizenship-by-Investment Program in Grenada. The table breaks down the process into three basic steps. Each step must be completed before continuing to the next.


    THE PROCESS MONTH 1 STEP 1
File preparation. Anon Capital Issues pee-approval letter. Advisory and due diligence fees are due at this step.
MONTH 2 STEP 2
Submission of Citizenship Application after which confirmation of received file is issued.Naturalization certificate is issued.
MONTH 3-4 STEP 3
Submission of Passport Application.
Issuance of passport
 
 
GI_Name

109,590


Population Growth
0.52%

13,900 USd

GDP (per capita)
GDP (purchasing power parity)
1.467 billion USD (2012)

74


Visa free countries


LOCATION
Caribbean, island between the Caribbean Sea and Atlantic Ocean, north of Trinidad and Tobago

CAPITAL
Saint George’s

TIME DIFFERENCE
UTC-4 total area 344 km2

AGE DEMOGRAPHICS
0-14: 24.7%, 15-64: 66%, 65+: 9.2%

LANGUAGE
English (official), French patois

RELIGIONS
Roman Catholic, Anglican and other Protestant

GOVERNMENT TYPE
Parliamentary democracy and Commonwealth realm

CURRENCY
East Caribbean dollars (XCD)

EXCHANGE RATE
1 USD = 2.7 XCD (2012)
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Canex Immigration are specialist in Visa and Immigration services for Skilled Workers, Business Class intending to invest in Canada, Family immigration, Work Permit Visas, Canada Student Visas. We has served people from around the World, majorly from INDIA, SRI LANKA, BANGLADESH, PAKISTAN, MIDDLE EAST, SAUDI ARABIA, KUWAIT, DUBAI, NIGERIA, PHILLIPPINES. We offer Counseling, Free Evaluation and assessment services.
 
 
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