Granada Citizenship by Investment

حول الهجرة و خياراتها و شروطها
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420weblazeit
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Granada Citizenship by Investment

مشاركة بواسطة 420weblazeit » منذ 1 سنة

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In 2013, the independent island nation of Grenada relaunched its Citizenship by Investment Programme.
  • Efficiency: A law mandates that routine applications be approved within 60 days of submission, with the passport issued immediately thereafter. (The application cannot be submitted until after the background checks have been performed.)
  • Family friendly: By not charging exorbitant processing and due diligence fees for spouses and family members, Grenada is an attractive option for international businessmen looking for security and travel options for their families.
  • Visa-free travel: Grenada passport holders are allowed visa-free travel to more than 135 countries.
  • Opportunity for E2 Visa treaty with the U.S.
  • Zero tax: The island has no income, wealth, or inheritance taxes.
  • There is no requirement to visit Grenada in order to qualify for citizenship.
National Transformation Fund

The National Transformation Fund (NTF) was established in 2013 as a means of transforming Grenada’s economy into one that is ever more prosperous and independent.

The National Transformation Fund (NTF) is a Government fund held for financing projects that will improve Grenada’s economy, help its diversification, and benefit industries including tourism, agriculture, and alternative energy solutions.

In order to qualify for the Citizenship by Investment Programme, the investor makes a designated, non-refundable, per-person NTF charitable donation.

First, the applicants receive permanent residency, followed by citizenship. In most cases, the application for permanent residence and citizenship is considered at the same time.

The benefit of the NTF is the lack of hassles associated with owning vacation real estate. However, as the NTF program is a non-refundable contribution, the Citizenship by Investment in real estate option may provide a partial or healthy return on investment.



PROCESS OF OBTAINING CITIZENSHIP OF GRENADA THOUGH INVESTMENT IN THE NTF

1. The investor signs a retainer agreement with an authorised agent, submits relevant documentation, and transfers fees to a designated account.

2. The application is submitted to the CBI committee with the proof of funds transferred.

3. The due diligence process starts and usually takes 60 days.

4. Once due diligence checks are finished, the approval from the CBI committee is received.

5. The committee procures the Certificate of Citizenship and a passport(s) and passes it to the local agent.

The documents are sent to the investor with a reputable courier service.



N.T.F. DONATION AMOUNTS
FAMILY OF 4 WITH 2 CHILDREN UNDER 12


Contribution US$200,000

Due diligence investor US$5,000

Due diligence spouse US$5,000

Application for family US$6,000 (US$1,500 per person)

Local Agent fee investor US$10,000

Local Agent fee Spouse US$1,000

Local Agent fee children US$2,000 (US$1,000 per person)

Processing investor US$1,500

Processing spouse US$1,500

Processing children under 12 US$1,000 (US$500 per person)

Passport fee US$1,000 (US$ 250 per person)

Total investment US$ 234,000*

* Professional fees for citizenship processing are payable for all applications and will vary depending on the number of dependents and application complexity.

The granting of citizenship is at the sole discretion of the government. There is no guarantee that the applicant will be approved.

Real Estate Investment

The real estate investment programme allows approved applicants to invest in CBI supported real estate developments.

To qualify, the investor (or investors) must enter into a contract to buy property worth US$350,000 or more. Once the purchase contract has been signed and the full investment amount has been transferred to an escrow account, the investor may apply for citizenship.

Once citizenship has been accepted, the investor receives the passport, citizenship certificate, and shares certificate. The only stipulation is that the property may not be sold within four years, or citizenship can be revoked.

PROCESS OF OBTAINING CITIZENSHIP OF GRENADA THROUGH REAL ESTATE INVESTMENT

1. Enter into investment agreement with the approved real estate developer.

2. Transfer full investment and associated fees to escrow account controlled by an on-island attorney.

3. Submit application and required documents (birth, marriage, military certificates, etc).

4. Receive government approval followed by the issue of CBI naturalization certificate.

5. Passport application is submitted and the passport distributed.



INVESTMENT AMOUNT
FAMILY OF 4 WITH 2 CHILDREN UNDER 12


Real estate purchase US$350,000

Government fee for family of 4 US$50,000

Due diligence investor US$5,000

Due diligence spouse US$5,000

Application for family US$6,000 (US$1,500 per person)

Local Agent fee investor US$10,000

Local Agent fee spouse US$1,000

Local Agent fee children US$2,000 (US$1,000 per child)

Processing investor US$1,500

Processing spouse US$1,500

Processing children under 12 US$1,000 (US$500 per child)

Passport fee US$1,000 (US$ 250 per person)

Total investment US$434,000*

* Professional fees for citizenship processing are payable for all applications and will vary depending on the number of dependents and application complexity.

Process of obtaining citizenship of Grenada through investment in the NTF

1. The investor signs a retainer agreement with an authorised agent, submits relevant documentation, and transfers fees to a designated account.

2. The application is submitted to the CBI committee with the proof of funds transferred.

3. The due diligence process starts and usually takes 60 days.

4. Once due diligence checks are finished, the approval from the CBI committee is received.

5. The committee procures the Certificate of Citizenship and a passport(s) and passes it to the local agent.

The documents are sent to the investor with a reputable courier service.

Process of obtaining citizenship of Grenada through real estate investment

1. Enter into investment agreement with the approved real estate developer.

2. Transfer full investment and associated fees to escrow account controlled by an on-island attorney.

3. Submit application and required documents (birth, marriage, military certificates, etc).

4. Receive government approval followed by the issue of CBI naturalization certificate.

5. Passport application is submitted and the passport distributed.



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