The Citizenship by Investment Act was approved by the Grenadan parliament in the same year that the Grenada Citizenship by Investment Program was established. Since then, Grenada has developed into a popular alternative for citizenship among individuals all around the world.
Grenada gained its independence from Britain in 1974 and being a part of the British Commonwealth. The country has a small but open tourism-based economy. The principal export crops are mace and nutmeg, making it the world’s largest producer of nutmeg, only after Indonesia.
The Grenada Citizenship by Investment Program was relaunched in the year 2013 with the passing of the Citizenship by Investment Act in the same year. Grenadian passport holders have the permission to travel visa-free or by visa on arrival to 144 destinations, major ones of which include China, the UK, and Europe’s Schengen Area, as well as to other key business and lifestyle destinations.
Grenada is the only Caribbean nation with a citizenship programme that is a signatory to the E-2 Investor Visa Treaty with the United States, allowing its residents to apply for non-immigrant visas there.
The Grenada Citizenship by Investment Program has only one condition and that is for the applicants to make a significant economic contribution to the country.
The Grenada Citizenship by Investment Scheme requires applicants to choose between making a sizeable financial commitment to the nation or purchasing a qualified item that has been approved by the government.
The candidates and their families will be given citizenship on the island nation in return for one of the two and after undergoing a rigorous vetting and due diligence procedure, including extensive background checks.
Furthermore, in order for you to qualify for citizenship, the primary applicant must be over 18 years of age, meet all of the application requirements, and satisfy one of the two primary qualifying options mentioned below:
The application process to get Grenadian citizenship is efficient and a basic one, wherein the applicant is never asked or required to visit Grenada to complete the process. This means, all you have to take care of are the documents and ensure they are submitted correctly in order to have the process run quickly for you and to avoid any chances of a possible rejection here.
The government typically responds to applications within an average of roughly 90 days after they are submitted. Successful applicants will get their passports in the mail within 10 business days. The fact that the applicants do not need to pick up their passports in person is a benefit in this situation.
Anyone who considers going with the real estate option for the citizenship program in Grenada needs to know that the time frame may vary depending upon the project. Therefore, it is absolutely vital to select a real estate project that is able to provide the necessary paperwork from the developer. Passport on Tap can help you in understanding the matters here and ensure your documentation is carried out not only efficiently but also smoothly.
Furthermore, in order for you to qualify for citizenship, the primary applicant must be over 18 years of age, meet all of the said application requirements, and satisfy one of the two primary qualifying options mentioned below:
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Should you have any relatable queries on the citizenship program and associated documentation, you can get in touch with Passport on Tap.
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