Grenada Golden Visa – Grenada Citizenship By Investment Program

The Grenada Golden Visa is one of the most recent citizenship by investment initiatives, having been created in 2013. Because of its numerous benefits and low-cost investment possibilities, it has attracted a large number of investors worldwide since then. If you have the necessary cash, you can apply for this visa and profit from having a Grenadian second passport.

Requirements for Grenada Citizenship By Investment

If you want to get a Grenada Golden Visa, you have to make a generous monetary contribution in one of Grenada’s two investment pathways:

• A minimum investment of USD 150,000 in the National Transformation Fund, or
• Purchase real estate with the minimum amount of USD 220,000.
• Please note that all applicants must be over 18, in good health, and without prior criminal convictions.

Investments in the National Transformation Fund (NTF)

The National Transformation Fund is a government fund established with the commencement of Grenada’s Citizenship by Investment Program. The NTF’s mission is to assist Grenada’s economic development through investing in various economic areas.

For you as a single candidate, the NTF requires a minimum investment of USD 150,000. However, if you apply with family members, the investment amount increases.

Real Estate Investments

If you wish to purchase real estate for Grenada’s Golden Visa, you must spend a minimum of USD 220,000. Keep in mind that the property must be pre-approved by the Grenada government. Resorts, spas, and hotels are among the allowed properties. Keep in mind, however, that you must maintain and manage your property for at least 5 years.

How to Apply for a Grenada Golden Visa?

To apply for a Grenada Golden Visa, follow the instructions below:

• Find a marketing agent.
• Prepare your documents.
• Wait for the due diligence process.
• Make your investment.

Find a Marketing Agent

You cannot apply for the Grenada Golden Visa on your own; an authorized local agency in Grenada must do so on your behalf. However, because you cannot contact the agent directly, you must also use an approved marketing representative.

To process your Golden Visa application, your authorized representative and the local agent collaborate. Several government-approved marketing representatives provide this service, but LaVida Golden Visa consultants are professionals in obtaining golden visas for their clients. So, establish contact with them and begin the application process.

Prepare Your Documents

Once your LaVida advisors and a local agent have started the application process, they will give you with the necessary documentation to submit. You will also be given the relevant application forms to fill out and hand over to your representative.

The paperwork and application forms must be written in English and, if necessary, legalized. The LaVida staff will walk you through the process of preparing your documents and obtaining legalization.

Wait for the Due Diligence Process

Once your documents are ready, your local agent will submit them to Grenada’s Citizenship by Investment Committee (CBIC) and receive all correspondence on your behalf.

Following the submission of your application, the government will undertake a thorough due diligence check on you and the information you have supplied. The CBIC will then make a recommendation about your application, and the final decision will be made by the Minister.

Make Your Investment

After a decision is reached, your local agent will receive a letter. If your application is accepted, the letter will explain how to invest. For real estate, you must present proof of purchase, whereas for NTF donations, you must submit the required amount.

After your investment is finalized, the CBCI will provide a registration certificate proving your Grenadian citizenship. You will become a Grenadian citizen when your local agents apply for your passport using this certificate.

Grenada Golden Visa Documents Checklist

The required documents vary depending on your circumstances, but the general requirements include:

• A copy of your passport.
• National ID card.
• Copies of your birth certificate.
• Passport photographs.
• Police certificate
• Medical records.
• Other supporting documents.

You will receive a detailed list of documents and requirements from your consultants at LaVida.

Processing Time for Grenada Golden Visa

The processing time for a Grenada Golden Visa is three up to four months. However, sometimes applications may be delayed for various reasons. Your local agent will contact you at all times, letting you know how the application process is going.

Application Fees for Grenada Golden Visa

When applying for a Grenada Golden Visa, you have to pay additional fees along with your investment. The additional fees change depending on which investment route you’ve chosen and whether you apply with additional family members or not.

Additional Fees for the NFT Donation

Here are the extra charges that apply for the NFT investment based on the number of applicants:

Additional Fees for the Real Estate Investment

For the real estate investment in Grenada, you have to pay an extra government fee:

Remember: For both investment options, due diligence fees are not obligatory for additional applicants under 16.

Residency Requirement for Grenada Citizenship by Investment

You don’t have to live in Grenada to be eligible for its citizenship by investment program. Moreover, you don’t have to be in Grenada to apply for the visa physically- you can handle all procedures from your home country through your authorized representatives.

Grenada Golden Visa and E2 Visa

Grenada is one of the eligible countries whose citizens can apply for an investor E2 visa for the US. For this reason, the Grenada Golden Visa is one of the most popular visas. It allows investors from other countries who do not have an E2 treaty with the US to apply for the visa if they have Grenadian citizenship.

Applying With Family Members for a Grenada Golden Visa

You can apply with additional family members so that you can bring them with you to Grenada. The approved family members include:

• Your spouse
• Your children under 30
• Your unmarried siblings over 18
• Your parents and grandparents

Benefits of a Grenada Golden Visa

If you get a Grenada Golden Visa, you can enjoy the following benefits:

• Visa-free travel to approximately 140 countries, including China.
• Access to the E2 visa treaty with the US.
• The option to bring your siblings and grandparents with you.
• The opportunity to have more than one citizenship.
• The opportunity to apply for the visa without a residency period.
• The ability to apply for the visa no matter what your country of origin is.

Grenada Golden Visa Rejection

With the help of your local agent and marketing representative, your visa is less likely to be rejected. Still, if any of the following situations occurs you won’t receive a Grenada Golden Visa:

• You lied in your application form.
• You were convicted in another country for a crime which in Grenada, you would receive a prison sentence for more than 6 months.
• You are currently under a criminal investigation.
• You are a potential risk to Grenada and other countries.
• You were previously a part of activities that might disrupt the peace in Grenada.
• You were denied a visa to a country to which Grenada has visa-free access.

Can I Get Dual Citizenship in Grenada?

Grenada does, in fact, accept dual citizenship with other countries. However, your current country may not allow you to hold two passports. As a result, if you want to preserve dual citizenships, you must ensure passport compatibility before applying. In this instance, the LaVida experts can help.