Grenada’s offering continued to attract investors from across the globe this year, with many drawn to the unique visa-free travel and family-friendly frameworks.
In a bid to remain strong in a fluctuating market, Grenada’s Citizenship by Investment Committee (CBIC) has announced it will be making a more affordable offer to the market before the end of 2017, with the single applicant contribution lowered to US$150,000 from the original US$200,000.
Grenada’s visa-free travel relationship with China alongside its unique access to the E-2 Investor Visa, which supplies investment and residency opportunities in the United States, are two elements of the Programme that continue to be attractive.
A family-friendly option
Small amendments to fees and policies made throughout the year continued to position Grenada as a family-friendly option, with the inclusion of dependent parents or grandparents aged 55 or over, and dependent children up to the age of 30.
For children born within twelve months of an application being lodged, Grenada affords the main applicant the opportunity to register them for citizenship as though they had been included in the original application for up to six months after their birth.
The lowering of the contribution for a single applicant from US$200,000 to $150,000 was announced in early November by Chairman of the CBIC, Ms Kaisha Ince. The change to enable this fee reduction has been approved by Cabinet and is now awaiting the formal process of integration into legislation in Parliament.
2017 Fee Summary
|
National Transformation Fund |
Real Estate Investment Plus Government Fees |
| Family of up to four (main applicant plus up to three dependants): US$200,000* Any additional dependant after the third dependant: US$25,000 |
Minimum real estate investment: US$350,000 Government Fees: Family of up to four (main applicant plus up to three dependants): US$50,000 Any additional dependant after the third dependant: US$25,000 |
(*) at the time of writing the fee for a single applicant remains at US$200,000