The Small Caribbean Country of Grenada remains the King of all citizenship by investment programs. Its unique citizenship program stands out in the Caribbean offering a good balance of price and passport benefits to investors.
Before we talk about citizenship, let’s get to know a thing or two about Grenada
History
About 38 million years ago, in the Eocene era, the area of what is nowadays Grenada emerged from a shallow sea as a submarine volcano.
Today, volcanic activity has been non- existent, except for some of its hot springs. The earliest human settlement in Grenada goes back to beginning ~3600 BC.
In 1498, Christopher Columbus sighted Grenada and named it “La Concepción” in honour of the Virgin Mary. The origin of the name “Grenada” is unknown, but it is likely that Spanish sailors named the island for the Andalusian city of Granada
Spice Island
Grenada is also known as the “Island of Spice” due to its production of nutmeg and mace crops. The island has an array of spices, including cinnamon, cloves, turmeric and saffron.
Grenada is the world’s second largest producer of nutmeg. … Inside the shell is a single glossy brown, oily seed — the nutmeg.
The use of nutmeg in traditional folk medicine is well documented. In India, Hindu physicians once used nutmeg to cure headaches, fever, bad breath, and intestinal disorders. In Arabian medical writings, nutmeg was touted as an aphrodisiac and a remedy for kidney and stomach ailments. Nutmeg oil, which is extracted from the fixed fat, is used in Grenada to relieve the pain associated with arthritis.
MOLINERE UNDERWATER SCULPTURE PARK
The sculptures that adorn the seabed of the Molinere Bay are among the outstanding landmarks of Grenada. The sculptures are human figures and the fact that they are underwater creates an impressive atmosphere. In total there are more than sixty individual sculptures occupying an underwater area of over 800 square meters at a depth of up to 12 meters.
The Molinere Underwater Sculpture Park is a collection of ecological underwater contemporary art located in the Caribbean sea off the west coast of Grenada, West Indies and was created by British sculptor Jason deCaires Taylor.
In May 2006 the world’s first underwater sculpture park was open for public viewing. The sculpture park is accessible via boat from the main port of St Georges (2 miles/3 km North of the capital) or Grand Anse Bay on the West coastline.
Vicissitudes depicts a circle of figures, all linked through holding hands. The sculpture proposes growth, chance, and natural transformation. It shows how time and environment impact on and shape the physical body. Children by nature are adaptive to their surroundings. Their use within the work highlights the importance of creating a sustainable and well-managed environment, a space for future generations.
The unique and one-of-a-kind underwater sculpture park in the Molinere Bay is the only park in the world with a collection of underwater modern art, located in the Caribbean Sea off the west coast of Grenada.
There are collection of over 65 sculptures is home to a number of species, which has been recently included in the World List of Tangible Tourist Attractions..
Grand Ansee Beach
Grand Ansee beach in Grenada is the most popular beach in Grenada with stunning views over caribbean sea. This beach is 3km long, is the most popular beach among 45 others beaches surrounded by luxury hotels and resorts. This beach is 5km from St George capital.
Grand Anse Beach is the go-to place for water sports, snorkeling, water skiing, diving, and the admiration of marine species, allowing you to enjoy an unforgettable vacation experience. There is a Vendors Market which offers a variety of services and local products.
Grenada CBI
Grenada was ranked No.1 CBI program in the world for 2020, in a detailed comprehensive study done by us. The Citizenship study took into account more than 30 parameters such as pricing, visa waivers, education, healthcare etc. to rank the best CBI program in the world.
Grenada CBI is a complete citizenship program, which comes with all citizen benefits such as voting rights, working for public offices and citizenship transferred through all family generations.
The Grenada CBI program currently competes with St Kitts and Vanuatu with the same pricing model around the $150,000 tag, and currently open for applications despite the Covid-19 pandemic
Grenada’s citizen by investment scheme (GCBI) was launched in 2015 under the Citizenship by Investment Act No 15 of 2013, is often touted as the GOLD standard passport program among the international community for its low pricing, processing times and passport benefits.
Grenada has a distinction of only few countries in the world whose citizens may travel without a visa to China, Russia, Schengen Area and the United Kingdom. Grenadian citizens can live and work in Antigua and Barbuda, Dominica, Saint Lucia, Saint Kitts and Nevis and Saint Vincent and the Grenadines as a result of right of freedom of movement granted in Article 12 of the Protocol of the Eastern Caribbean Economic Union of the Revised Treaty of Basseterre.
- NDF FUND DONATION – Single – USD 150,000 and Family (4) – USD 195,000
- REAL ESTATE – Investment – USD 200,000 real estate shares in 5 star hotel resorts
Applications for Citizenship by Investment will be approved within 60 business days of submission (subject to a satisfactory due diligence check and the funds being received). You may apply for a passport shortly after. Passports are issued within days of the request.
All Grenadian passports are valid for five years and are recognized over 144 countries and territories as of 2021
The Grenada Citizenship Investment Unit performs several layers of background checks on applicants and their family members before being approved of citizenship and passports. Authorized agents are required to perform KYC and initial due diligence checks on applicants as per government rules. Applications may be refused for non-compliance such as fraud, concealment, previous visa denials, criminal background, money laundering and previous convictions. All Candidates are required to seek CIU approval first before making the required investment (donation or real estate)
To apply to Grenada’s CIP applicants must be at least 18 years old and be capable of satisfying the financial responsibility of the application through legitimate and legal means. The following is also required:
- The applicant and his/her dependants must not have any communicable diseases.
- The applicant and his/her dependants must not be the subject of criminal investigations, or must not have been convicted for an offense in any country where the maximum penalty for the same, or a similar offence in Grenada, is more than six months.
- The applicant and his/her dependants must not have applied to another Caribbean CIP and received a visa denial. The applicant or his/her dependants must have received a subsequent visa approval from a country from which it received a visa denial in the past, if Grenada has visa-free privileges with that country.
- Not refused citizenship by another country that runs CBI program
DEPENDANTS
Grenada manages one of the most family friendly investment migration programmes in the world by allowing a multitude of family members to be included on one CIP application. These dependants are as follows:
- Spouse of the main applicant.
- Biological or adopted children of the main applicant or spouse under the age of 30 Biological or adopted children of the main applicant or spouse of any age, who are physically, or mentally disabled.
- Parents or grandparents of the main applicant or spouse of any age.
- Biological or adopted siblings of the main applicant or spouse, who are 18 years or older, without child and unmarried (single).
New Born Babies
New born babies of the main applicant, born within 12 months of the grant of citizenship, are the only children that can be retroactively added to a citizenship application.
Administration Fee: $100
Application Fee: $5,000
If the baby becomes the fifth person on the application, $25,000 is also charged.
Strong Passport
Grenada remains a powerful Caricom passport in the Caribbean and the government has expanded visa waiver agreements with other countries. Grenada scored 38th rank among the best passports in the world, in the recent best passport rankings released for 2020 with visa free access to over 140+ nations including China, Russia, Europe, UK etc..
Education
Grenada is well known for education. St George’s University hosts 6,000 students from over 140 countries, offers faculties of Medicine and Veterinary Science, and has been operating for thirty- five years.
E-2 Visa
The combination of Grenada Citizenship + E-2 visa is a perfect model to realize your american dream (work, live and settle in America). Grenada has E-2 investment visa treaty with United States. E-2 visas are cheaper, faster and easier to apply compared to the EB-5 immigrant investor program ($900K). To qualify for E-2 visa, first you must be a national of a country which has a treaty and willing to invest $50,000 creating atleast 5 US jobs
