The Grenadian government recently passed legislation that allows people to get citizenship by investment. Specifically, this law allows citizens to invest in real estate in Grenada. This government program was established by the Public Finance Management Act Cap 262B section 43(1) (a), which gives the Prime Minister the authority to approve projects. Here is useful information for beginners about Grenada second citizenship. Visit the website to know Grenada passport visa-free countries.
Investment citizenship:
If you are interested in acquiring citizenship in Grenada, there are several steps that you must follow. The first step is to apply. You must have the required documents to apply for citizenship. It would help if you ensured that the documents were in English and legalized. Then, you must submit your application to the government, which will process the documents and conduct a background check. Once the application has been approved, you will receive a letter indicating that you have been approved for citizenship in Grenada.
You can apply for investment citizenship in Grenada if you have sufficient funds. The minimum investment amount is $220,000 for an individual investor or $440,000 for a joint investment. You must invest only in approved Grenada projects for at least five years in real estate. Typically, these are villas and luxury resorts.
Non-refundable donation to National transformation fund:
The National transformation fund was established in 2013 to make Grenada a better place to live and do business. It supports the country’s tourism industry, agriculture, renewable energy, and other sectors that help the economy grow. By making a non-refundable donation to the Fund, you will do your part to help the island become more economically stable. A non-refundable donation to the fund will help you feel good about contributing to Grenada’s future. The amount of your non-refundable donation will depend on how many dependents you include in your application. You’ll also need to pay processing and professional fees for the application.
Visa-free travel to Schengen countries:
As a second citizen of Grenada, you will be eligible for free visa travel to many of the Schengen countries, including France, Germany, the United Kingdom, Luxembourg, and the Netherlands. The process of getting this ETIAS is simple and entirely online. To apply, you must visit the Grenada government’s website. You will need to fill out a form. Once you fill out the form, you will have 72 hours to apply.
